If you think your startup idea is too early-stage for the Breakthru competition, Calvin Milbury would respectfully like to set you straight.

Breakthru, the New Brunswick Innovation Foundation’s biennial business plan competition, is essentially designed to guide novice entrepreneurs from the back-of-an-envelope stage to the early phases of incorporation.

“We’re actually looking for someone with an innovative idea who sees a commercial market,” said Milbury, the President and CEO of NBIF, in an interview during a break in the National Angel Capital Organization Summit in Halifax last

A dozen companies from across the Maritimes will gather in Saint John on Saturday to vie for a coveted spot in the second cohort of the Launch36 Accelerator, organized by PropelICT.

Speaking during a break at the National Angel Capital Organization Summit in Halifax yesterday, Propel Executive Director Trevor MacAusland said the finalists for the Autumn 2012 cohort comprise five teams from New Brunswick, five from Nova Scotia and two from P.E.I.

“The quality of the teams has made this a very, very difficult process,” said MacAusland. “And their ideas range from aerial drones to

IPSNP Computing Inc., a Saint John-based startup developing advanced software for searching online databanks, has received $200,000 in funding to advance its lead product, HYDRA.

The company said in a press release that it has secured $150,000 in equity funding from private investors in the region and a $50,000 grant from the National Research Council of Canada Industrial Research Assistance Program.

"The new investments provide us with a solid foundation to expand our team, drive development of HYDRA, and bring new expertise to the board,” said CEO Chris Baker.

The company is

News reports say Salesforce.com is laying off employees at Radian6, which it aquired for about last year. With other commitments, we haven't had time to look into the story so here are a few links to reports from other profiders.

TechCrunch: Salesforce.com Laying Off Radian6 Employees As Buddy Media Shows $20 Million Net Loss.

Financial Post: Salesforce.com lays off Radian6 employees.

CBC: NDP leader calls for Radian6 funding to be cancelled.

When I ran into Patrick Keefe, the new head of the regional venture capital fund, during Atlantic Innovation Week, the one thing he wanted to talk about was the book he’d just finished, Startup Communities by Brad Feld.

Feld is a serial entrepreneur and a pillar of the startup community in Boulder, Colorado. The recently published book is intended to be a roadmap for the development of entrepreneurial communities – such as the one now developing in Atlantic Canada. It’s been featured widely in tech blogs the past few weeks. Even though Keefe was more impressed with it than I was, it’s

ABK Biomedical of Halifax aims to have its treatment for uterine fibroids ready to roll out in Canada within 18 months with the help of a $1.25 million fundraising round announced yesterday.

The company, which was developed by researchers at Dalhousie University, has received a $500,000 equity investment from a group of Atlantic Canadian angels, $250,000 in venture capital from Innovacorp and a $500,000 loan from the Atlantic Canada Opportunities Agency.

ABK Biomedical also announced that it has hired a chief executive, Pat O’Connor, a former executive with Boston Scientific, one of the

The New Brunswick Innovation Foundation and Cox & Palmer yesterday launched the province’s fourth Breakthru competition, which tests entrants’ ability to write business plans and awards winners a total of $250,000 in cash and professional services.

The winner will receive a $100,000 cash investment from NBIF, along with professional services from such firms as Cox & Palmer. The two runners-up will each receive $50,000 plus legal, marketing, and accounting services.

Applications for the biennial contest must be received by NBIF by Dec. 20. The winners will be announced at the Breakthru

As it achieves a preliminary close on its first round of funding, LeadSift has signed a deal to market its lead-generation product through Salesforce.com – a deal that came together because of an article on Entrevestor.com in May.

Halifax-based LeadSift is announcing as early as today a $500,000 preliminary close on its first round of funding, which includes a $250,000 investment from Nova Scotia’s innovation agency, Innovacorp. 

That announcement is coming just four days after San Francisco-based Salesforce, the social media company that bought Radian6 of Fredericton and GoInstant of

Alpha Dog Games’ website describes better than I can what it will unleash on the world in a couple of weeks: a “visceral WHACK ‘N’ SMASH action-adventure game in a dark fantasy world.”

Yikes.

Alpha Dogs is a mobile gaming company based in Bedford, N.S., founded by three veterans of the game development industry to capitalize on the growing market for simulation games on mobile devices. The company will release its first offering, called “Wraithborne”, in the next few weeks, and hopes to establish it as a franchise, with many more iterations of Wraithborne to follow.

“We’re trying to

Springboard Atlantic, the organization that supports the commercialization of research at the region's post-secondary institutions, will host a technology showcase in Halifax on Wednesday in association with the National Angel Summit, which opens that evening.

The Springboard Atlantic Technology Showcase is being held 9 am to 4 pm at the World Trade and Convention Centre in Halifax and will highlight the innovation produced by researchers and others at the 19 universities and colleges across the region. Admission is free, but entrants must sign up byTuesday.

"Atlantic Canada has seen