Motryx Wins $55K BIC Competition

Motryx, the Halifax company whose technology improves the transportation of blood samples, has won the $55,000 BioInnovation Challenge, Atlantic Canada’s top pitching competition for life sciences companies.

Co-Founder and CEO Franziska Broell pitched the company at the finals on Wednesday at BioNova’s Bioport Atlantic competition. The other finalists were Charlottetown-based AgTech company

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Startup Metrics Talk in Fredericton

Please join us Nov. 13 for Entrevestor's State of the Startup Community presentation at the Wu Centre at University of New Brunswick in Fredericton.

Each year, Entrevestor charts the growth of the startup community, collecting data on such metrics as company launches, funding, employment and revenue. I will present our findings for the region overall and focus on the metrics for New Brunswick.

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H.I.G. Closes BioVectra Purchase

The American private equity group H.I.G. Capital said it has completed its US$250 million purchase of Charlottetown-based Biovectra, which makes ingredients for drugs.

The private equity fund, which has $34 billion under management, issued a statement on Monday saying one of its affiliates completed the purchase from Mallinckrodt Pharmaceuticals, of the U.K. Mallinckrodt said in September it had

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Passiv Eyes US with Alpaca Deal

Passiv, whose technology helps passive investors manage their portfolios, has partnered with Silicon Valley-based Alpaca, which should help the Fredericton company expand in the all-important U.S. market.

Alpaca is a stock brokerage that operates an application program interface, or API, that allows users to program their own “robo-advisor”, or a program that will automatically balance a passive

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Startup Failures & Zombies in 2018

When we produce our annual Atlantic Canada Startup Data report, there are two sets of statistics that people usually find interesting because they're stark reminders of the perils of entrepreneurship: zombies and failures.

We found that 66 Atlantic Canadian startups failed in 2018, and we estimated there are the same number of zombies.

To put that in perspective, we were following 486 startups

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Cove Kombucha Backed by $1.2M

Halifax-based Cove Kombucha has closed a $1.2 million equity funding round, which the maker of healthy drinks hopes will go toward upgrading its facility, increasing production and reaching new markets.

The company said in a press release last week it attracted the investment from Vancouver-based Canaccord Genuity Wealth Management, after a one-month search.

Cove is now selling its kombucha – a

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