GrowthWorks, CVCA Protest Cuts

Joining venture capital funds across the country, GrowthWorks Atlantic is protesting the federal government’s decision to phase out funding for Labour-Sponsored Venture Capital Corporations, saying it will hurt entrepreneurship in the outlying parts of the country.

GrowthWorks Atlantic is a Halifax-based fund that has $27 million under management, including $21 million invested in 19 Atlantic Canadian companies. It has raised money over several years by attracting funds from retail investors who are incentivized by federal and provincial tax credits.

However, the 2013 federal budget

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Adeptio Story in Progress Magazine

Last June, after the Launch36 DemoDay in Dieppe, N.B., I met Scott MacIntosh, the CEO of SwiftRadius, and one of his employees, Chad Griffin, who was about to spin off a company called Adeptio from the software consultancy.

I didn't quite catch the significance of what they were telling me, but in subsequent interviews I learned that there is in essence an incubator for scalable businesses operating within Fredericton-based SwiftRadius.This month, in Progress Magazine, I take a look at SwiftRadius and other tech consultancies that are forming units to turn out scalable products. The

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WP Status Lands Paying Customers

Over lunch in Charlottetown one day last summer, Scott Gallant and Jordan Patterson were grousing about one of the pains in their industry, and it resulted in the creation of their company, WP Status.

The company provides support for people who oversee websites using WordPress, and it was one of the eight companies that just graduated from the Launch36 accelerator. How it got to this stage is a great example of how a good accelerator will adapt to allow companies to change, break apart and come together.

Gallant is seasoned at web-design while Patterson’s strength is more at the

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CEED Launches Mentorship Program

The Centre for Entrepreneurship Education and Development is looking for a few good entrepreneurs. Actually, it has 15 really good entrepreneurs and is looking for another 15 up-and-comers to learn from them.

CEED has launched a new Entrepreneurs in Residence program, in which 15 leading Nova Scotian entrepreneurs  will give one-on-one instruction to less experienced counterparts.

“CEED is 20 years old this year and one of the core principals has always centred around mentoring,” said President and CEO Heather Spidell.  “We began to wonder, how could we formalize it a bit? How can we

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Shopulse Steals the Launch36 Show

Though he has yet to graduate from high school, Raphael Paulin-Daigle has no qualms discussing the global potential of his fledgling business, Shopulse. In fact, he discussed it with hundreds of tech specialists last week at the Launch36 Demo Day, and got a rousing applause.

The company is developing a retail site where small boutiques can sell surplus inventory online, saving the merchants time and not tying up prime retail space with stuff shopkeepers want to get rid of. He has another company as well, Idealinput, which helps businesses get marketing consultants to give feedback on

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Entertainment for Tepid Sports Fans

Sitting in the audience at the Launch36 DemoDay last June, Marc Gallant turned to a friend and said, “I got to get me some of that.”

When the startup accelerator held its most recent DemoDay last week, Gallant was on stage, presenting his company Crossing Mobile, a phone app that allows the less-than-fanatical sports enthusiast to enjoy a sporting event. The excitement he found in the original DemoDay propelled him into going through the process himself.

“We realize there is a large family spend to go to a sporting event and not everyone wants to go,” said Gallant, the company’s CEO.

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StartupNL: 100 Members in 4 Months

When Trevor Hickey began his startup in his home town of St. John’s last year, he often wished he had remained in Vancouver, or another city where there was a structured startup community and shared office facilities.

But now he’s found that such a Newfoundland-based community does exist, if only in its infancy, and there will soon be a shared office facility called Common Ground, where which startups can work in the downtown core.

“I came home and found that there wasn’t that infrastructure,” said Hickey, whose company FundUni is developing a crowdfunding site for university tuitions.

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Packed House at Startup Weekend NB

Hot Spot Parking, an app to help cure the pain of downtown parking, won Startup Weekend New Brunswick in Fredericton yesterday, but I’m not sure that was the biggest news from the event.

The big story really took place Friday evening, when about 70 people entered the event, cramming into a room at the Pond Deshpande Centre at the University of New Brunswick. It wasn’t just students but people from every strata of the New Brunswick startup universe who showed up.

“The event was filled with an amazing energy with numerous people from the community coming in to help,” said Suhaim

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MyFarmers’Market Wins Startup Sunday

MyFarmers’Market, a website and app that allow online purchases of organic food, on Thursday night won the Halifax Entrepreneurship Expo’s Startup Sunday, a $10,000 pitch competition for teams of Saint Mary’s University students and entrepreneurs.

The teams, each consisting of two business students and one entrepreneur, were given a market segment for their venture on March 10, and had only one day to create a business idea and plan.

MyFarmers’Market proposed a website and phone app service that would allow people to buy and sell organic food online. Farmers would still sell directly to

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