Charlottetown-based drug manufacturer BioVectra is being sold to U.S. private equity firm H.I.G. Capital for as much as US$250 million (C$330 million) – more than three times the price it sold for almost six years ago.

BioVectra’s owner, British pharmaceutical company Mallinckrodt plc, issued a statement on Tuesday saying it had agreed to the sale. The price includes both a fixed payment now and

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When Chris Cowper-Smith was planning to hire a new head of sales for Spring Loaded Technology, he wanted to do more than add an executive. He wanted to change the company’s sales processes, focusing on proximity to the customer.

In April, the CEO of the Dartmouth-based maker of next-generation knee braces, announced the new Vice-President of Sales would be Joe Khalifa, a

Stash Energy, the Fredericton-based energy-storage company, has raised a $400,000 funding round, with equal contributions from the New Brunswick Innovation Foundation and Island Capital Partners.

The funding comes as the company has received 1,500 pre-orders for its initial product, which works with a traditional heat pump to store energy and heat homes. And Stash is also working with the

Having just reported success in its recent sales training program, Planet Hatch is launching a new accelerator for early-stage companies that includes access to development capital.

The Fredericton-based entrepreneurship hub said last week it would  launch the Planet Hatch Startup Accelerator to help entrepreneurs gain the essential knowledge and skills to turn an idea into a growing business.

The federal and New Brunswick governments are contributing $7.8 million to help the University of New Brunswick further develop its smart grid initiative.

The Atlantic Canada Opportunities Agency said in a statement that the Fredericton-based university is undertaking a five-year research initiative to address the complex technical, regulatory, and social issues involved in moving from

Sequence Bio, the St. John’s-based biotechnology company that is conducting a widespread genetic study of Newfoundland and Labrador’s population, has named Joy Buckle its Vice President of Policy and Planning.

In a statement, the company said Buckle will help expand Sequence Bio’s Genome Project, which was launched this summer. The company is collecting genetic samples from 2,500 Newfoundlanders

There was good news and bad news for the Atlantic Canadian startup community in the funding data released last week by the Canadian Venture Capital and Private Equity Association, known as CVCA.

The good news: innovation companies based on the East Coast raised equity funding of almost $81 million in the first half of 2019. That total, which includes both venture capital and private equity,

Seven companies have been selected to attend MentorCamp, a rigorous one-day immersion program with mentors from around the world being held later this month in Charlottetown.

Launched in Halifax in 2011 by investor and consultant Permjot Valia, MentorCamp assembles promising companies and schedules rotating meetings throughout one day with about two dozen mentors, who meet the entrepreneurs in

Build Ventures, the Atlantic Canadian seed-stage venture capital firm, has announced the initial close of its second fund at $50.5 million and has invested in a $2.9 million round by Saint John-based Gemba Software Solutions.

Led by partners Rob Barbara and Patrick Keefe, Halifax-based Build launched its first fund in 2013, announcing a first close of $48.5 million but ending up with a fund of

Now that we’re into September, it’s worth taking a look at the main startup events that will take place in the coming few months.

Sales Atlantic

Sept. 9-10

Sydney

Featuring sales and marketing experts with international reach, Sales Atlantic aims to teach Atlantic Canadian companies the fundamentals of modern sales processes.

Buy your tickets here.

NACO Atlantic  | Funding Founders

Sept