Ocean Sonics to Launch icTalk in Fall

Ocean Sonics – the young sister company of Instrument Concepts of Great Village, NS – is planning to launch a new product called icTalk in the autumn to complement its successful icListen smart hydrophone.

Begun by marine engineer Mark Wood in 2000, Instrument Concepts made a name for itself designing products specializing in underwater sound transmission and receiving. In March, it launched icListen as an underwater microphone that is so simple to use that you can hook it up to your iPod.  Its applications range from monitoring underwater drilling equipment from oil rigs to recording the

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CarbonCure to Seek $3M-$5M

Now that he’s able to drive past buildings made of his green concrete blocks, Robert Niven is gearing up for CarbonCure Technology’s second round of funding, which he hopes will raise $3 million to $5 million.

Niven, an environmental engineer and chemist and now the company’s CEO, conceived of CarbonCure (and its sister company Carbon Sense Solutions) five years ago as a means of improving the environmental efficiency of making concrete blocks. Rather than cure the blocks through an energy-intensive steam system, CarbonCure hardens the blocks with carbon-dioxide, producing a quality

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Phipps Spends a Term at Livelenz

Greg Phipps, the man who once brought BDC Venture Capital to Radian6, has taken a leave of absence from Innovacorp to join Livelenz Inc. as its president.

Phipps said in an interview Friday he will be away from Innovacorp, where he serves as an investment director, for six to 12 months to help with operations at Livelenz, which develops data-analysis technology for quick service restaurant, or QSR, franchisees. He will retain his duties as a director at Innovacorp portfolio companies AioTV and Equals6.

Phipps joined the board of Livelenz in February, when Innovacorp made a $1 million

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Acoa Lends to 4 NS Startups

The federal government’s announcement Thursday of $1.2 million in loans for four Halifax-area tech companies highlighted the benefits of both debt and equity financing from public and private sectors for the region’s startups.

As other news outlets have reported, Bernard Valcourt, the Minister responsible for the Atlantic Canada Opportunities Agency, was in Dartmouth to announce loans to Ad-Dispatch.com Inc., NovaWise Inc., B4Checkin Limited and 2nd Act Innovations Inc.

What I thought was interesting is that three of the companies had raised equity financing recently and a fourth was

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BoomersWork: Projects for Retirees

BoomersWork, a Halifax company that matches retired executives with projects for businesses or organizations, is developing a pricing model for startups to allow young companies to benefit from the experience of seasoned corporate vets.

The company launched this spring and now has a client list of 150 executives beyond their fiftieth birthday who want to keep busy by taking on projects for companies, governments, or not-for-profit organizations.

“BoomersWork is an eHarmony for business,” said CEO Rick Emberley yesterday. “It’s not a job site. It matches people, many of them recent

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Dal Team, VC in Engine Venture

A pair of researchers from Dalhousie University has struck a partnership with a venture capital fund from Toronto to commercialize their pneumatic rotary engine and develop other projects.

Braden Murphy, a Masters student in mechanical engineering, and Assistant Professor Darrel Doman designed the technology at the university, and announced at a reception yesterday that they have partnered with York Bridge Enterprises of Toronto to form Scotia Motor Works, which will bring the product to market. The company has signed a licensing agreement with Dalhousie and the researchers to develop the

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Launch36 Eyes Broader East Coast

When Trevor MacAusland participates in the prestigious Grow conference in Vancouver this month, it will provide a break from the task of building PropelICT into an organization whose influence spreads well beyond New Brunswick.

The Executive Director of PropelICT is the only Atlantic Canadian speaking at the event and will participate in a panel session on accelerators. It’s something he’s well versed in given the roaring success of the first cohort of launch36, the accelerator he launched early this year.  In fact, it was so successful that the program is expanding into other provinces,

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Dal Pioneering Lean Startup Course

When Dalhousie Professors Mary Kilfoil and Ed Leach recently posted a landing page for an innovative entrepreneurship course they’d developed together with their team, they were hoping it would generate some buzz. They didn’t expect more than 85 people to express interest in taking the course titled "Starting Lean’’.

The course, modeled on the methodology developed by U.S. lean startup guru Steve Blank, has created considerable excitement, likely because it demands that students not only study entrepreneurship but, in essence, become entrepreneurs. They must commit either to work on a

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UserEvents Turns Glitches into Sales

If Jeff Thompson hadn’t had so much trouble checking in online for a flight to Australia last autumn, New Brunswick might have missed out on one of its most exciting new startups.

As repeated error messages kept popping up on his screen, Thompson  wondered why airline staff didn’t realize that this sort of problem offered them  a chance to call a customer, improve the relationship and possibly make additional sales.

Thus UserEvents was born.

Fredericton-based UserEvents has developed enterprise software that allows large corporations or organizations to instantly detect clients who

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Newfoundland Angels Fly Again

The revitalization of the Newfoundland and Labrador Angel Network is gaining traction, as can be seen in the numbers. Membership last year tripled from 10 to 30, and the group that had no financing deals in 2011 is now preparing to close its third for 2012.

NLAN is not a large organization, but after a few years of uneven perfornance it is heading in the right direction and channeling its members' money into promising enterprises. Under its stewardship, angels have backed three different tech companies with global ambitions, and it is hoping for a fourth funding before the year is out.

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