Cellufuel Nears $5M Funding Round

Cellufuel, the company developing a biomass facility at the site of the former Bowater Mersey paper mill, is working hard to finalize a $5 million funding round, half of which is equity investment from private sources.

The Halifax-based company hopes to have the demonstration facility in Brooklyn, near Liverpool, N.S., operating late this year of early or early in 2015. Cellufuel then hopes to move on to a larger commercial facility, possibly in Claire, N.S., near the southern tip of the province.

“We have the Canadian license (to the technology) and we’re looking at Nova Scotia first,”

Continue Reading

Startup Directory Deadline Coming

You have a few days left to get your company’s contact details into the Atlantic Canada Startup Directory, and we’re looking for more submissions.

More than 100 startups have submitted their names, which is a good start. But we’re looking for more names.  This is your opportunity to have all your contact details in the hands of people you need to do business with – funders, partners, support agencies and your peers.

We’re looking for startups, but also for service providers, whether they’re government agencies or private firms whose clients include startups. If members of the startup

Continue Reading

Profile: Pelley Brings Spark to CB

In 2006, Bob Pelley developed and piloted Innovacorp’s I-3 Technology Start-Up Competition, which began in Cape Breton and spread provincewide, fostering some of Nova Scotia’s most promising startups. Now, Pelley has got behind Spark Cape Breton with the aim of energizing Cape Breton’s burgeoning tech scene.

The inaugural Spark Cape Breton has just concluded, with six very early-stage tech

Continue Reading

Not Business as Usual Playing Monday

Haligonians are invited to view a free documentary called Not Business As Usual that stresses the need for entrepreneurs to be agents for social good and redefine business. Organizers of the screening say the documentary recently played to a sold-out crowd at the Vancouver International Film Festival. The movie will play at the city’s Company House on Monday, April 28th and will be followed by a conversation about the future of entrepreneurship in Canada.

Made by InsitituteB.com, a Vancouver-based company that helps develop profitable, socially-purposed businesses, the movie focuses on

Continue Reading

NB, NS Seek Crowdfunding Feedback

The prospects are excellent that equity-based crowdfunding will soon be allowed in Nova Scotia and New Brunswick, but first securities regulators are looking for feedback on new rules for the online fundraising.

The Nova Scotia Securities Commission and New Brunswick’s Financial and Consumer Services Commission have joined with their counterparts in Saskatchewan, Manitoba and Quebec to produce a set of proposals that would let companies raise money through crowdfunding. The Ontario Securities Commission is working on a similar paper.

Crowdfunding, or raising money by seeking small

Continue Reading

Clarification on the Startup Directory

As the entries are coming in for the Atlantic Canada Startup Directory, it’s becoming clear we at Entrevestor have to differentiate between this directory as opposed to the databank we assembled earlier in the year.

What we are now seeking is the name, address, phone number etc. from all the members of the Atlantic Canada startup community. We’re going to publish this in a directory, a printed booklet, and have it permanently on our website. We’ll distribute the printed version at gatherings like the Atlantic Venture Forum. The details will be public.

Earlier this year, we were looking

Continue Reading

Innovacorp, Angels Back The Rounds

The Rounds, a social network for medical professionals, has raised a $1 million seed round, including a $250,000 investment from the Nova Scotia investment agency, Innvoacorp.

The Halifax-based company, which works out of the Volta startup incubator, said in a press release it closed the funding round on Tuesday, and that the money would likely last it for a year. Other than the Innovacorp investment, the rest of the money came from angels from the region, across Canada and in San Francisco. Five of the angels are doctors.

In February, The Rounds -- formerly known as Boondoc -- launched

Continue Reading

Wesley: A Call for A Design Culture

Almost everything we experience in life has some kind of design. Determining if it is good or not is complicated. Where one object or process may function well under one set of conditions, it may fail under another. From a business standpoint, three factors separate the winners from the losers: the design’s utility, its appeal to a particular demographic, and its staying power.

When developing or improving a product, service or technology, the most successful companies employ professional designers from the very start. Most do it too late, and some not at all. Instead they apply outmoded

Continue Reading

Equals6 Survey on Students’ Plans

A student recruitment survey from Equals6 has revealed interesting views from the Millennial Generation, including that 91 per cent of respondents would relocate for a new job, that 42 per cent seek professional mentorship and that just 13 per cent wish to run their own business. 

Halifax-based Equals6 is an online community of 75,000 students who use the site to make connections with each other and employers. The company surveyed nearly 6,000 high school, college and university students across the country and across a variety of disciplines about their career choices. The report focuses

Continue Reading

SwiftRadius’s New Innovation Division

SwiftRadius, the Fredericton-based IT consulting firm, is launching a new initiative to help large North American companies develop innovation.

The company has struck a partnership with Forth Innovation, a Dutch business consultancy, to roll out the European firm’s innovation program in the North American market. They will launch the initiative in late May when Forth Innovation founder Gijs van Wulfen, one of linkedIn’s top 100 influencers, comes to the region to host a series of workshops in Fredericton, and possibly in Moncton and Halifax.

This initiative addresses a common problem at

Continue Reading