Halifax startup Groundhog, which is developing technology to allow recurring cryptocurrency payments, is suing the parent company of California accelerator Tachyon,  alleging breaches of contract and theft of trade secrets.

Groundhog -- incorporated under the name BlockCrushr Labs -- was part of the accelerator’s fall 2018 cohort and received US$100,000 (C$135,000) of investment from Tachyon

Propel, the Atlantic Canadian tech accelerator, has named seasoned tech executive Kathryn Lockhart as its new Chief Executive, filling the role to be left when CEO Barry Bisson retires.

A native of Bath, NB, Lockhart has held senior positions with a range of innovation-driven companies, including a five-year stint with St. John’s-based Bluedrop Performance Learning. She was most recently the

Smart lifejacket startup LifeTrack Safety Systems has won first place in the University of New Brunswick’s MTME: NEXT virtual demo day, in which Master of Technology Management and Entrepreneurship students competed for a $1,500 prize.

LifeTrack is designing a lifejacket and radio communication system that does not inflate until it is submerged in water, making it less awkward to wear. It also

St. John’s-based Mysa Smart Thermostats has closed a $6.2 million funding round, comprising $3.2 million in equity funding from existing investors and a $3 million convertible loan from BDC Capital.

The raise is Mysa’s third seven-figure funding round in about two years, following a $1.5 million round in 2018 and a $2.3 million round in 2019.

BDC Capital, which is part of the federal

The New Brunswick Innovation Foundation has announced a total of more than $1.2 million in funding for 27 New Brunswick research products that aim to detect and treat COVID-19.

NBIF issued a statement Thursday saying it has partnered with the New Brunswick Health Research Foundation and the Atlantic Canada Opportunities Agency to contribute a total of $846,707 to the projects.

In addition,

The Atlantic Canada Opportunities Agency will administer $5.2 million of federal spending to foster youth entrepreneurship in Atlantic Canada during the COVID-19 pandemic.

The money will take the form of grants for 15 community organizations, which will use it to pay for 21 initiatives aimed at supporting young business owners.

The funds will be delivered partly through ACOA’s Regional Economic

Halifax social enterprise website vLife, which helps users locate and support small local businesses, is rolling out the paid version of its service after offering it free since January.

Co-Founders Melanie Little and Riaz Khan started vLife’s parent company, Quantum Link, in 2017 and launched the platform in December 2019. Users can sign up free and search for local ventures, with vLife either

The PEI Business Women’s Association has opened applications for its annual Micro Grant Program, which offers women-led businesses the chance to win $500 of non-dilutive, non-repayable funding.

The competition is open to PEI residents who are members of the Business Women’s Association. In addition to the cash, the winners will receive “business skills support,” although a written statement from

The University of New Brunswick’s TME group has accepted nine Canadian companies into its Summer Institute, and this seventh annual cohort is its biggest yet.

The TME group – whose formal name is the J Herbert Smith Centre for Technology Management and Entrepreneurship – holds its Summer Institute each year, placing less emphasis on innovation than other similar programs.

Though modern

The Ontario government and Ryerson University have launched an online platform to help companies develop export markets, and they’re looking for users in Atlantic Canada.

The Magnet Export Business Portal is now live and helping Canadian businesses find the resources they need to sell products and services in foreign markets. The Export Business Portal is open to companies across the country,