The federal government on Friday placed the dollar amount on its contribution to Propel ICT at as much as $2.9 million over five years.

The government previously said the New Brunswick-based operator of the Launch36 accelerator would receive funding under the National Research Council’s Canada Accelerator and Incubator Program, or CAIP. However, it had never said how much the accelerator would receive.

Under its government’s Science, Technology and Innovation Strategy, the government is aiming to strengthen Canada’s position in scientific research while promoting the commercialization

New Brunswickers at the earliest stages of forming a startup have a day left to get their entry into the New Brunswick Innovation Foundation’s Breakthru competition.

The deadline to get your entry in for the biennial startup competition is 11:59 pm on Tuesday, Dec. 9.

The Breakthru contestants will be competing for a total pool of prizes worth more than $500,000 in cash and in-kind services. It’s a significant increase over the total prizes of $406,000 in the 2013 event.

NBIF has already secured two primary sponsors for the event, Cox & Palmer and Deloitte, and is hoping to bring in

Building a new business is a multi-faceted challenge, something Tukan Das and Sreejata Chatterjee, co-founders of social media analytics company Leadsift, have learned the hard way.

During its first 18 months, Leadsift struggled to hit its milestones for gaining clients and revenue. But since repositioning itself in December 2013, the company is seeing revenue growth of about 70 per cent a

The big news about Qimple isn’t merely that it’s closing a $600,000 funding round when it’s barely a year old. It’s the dream team of investors and advisers that the online recruitment company has assembled.

Moncton’s Qimple, which graduated from the Launch36 accelerator in June, makes the hiring process easier for both recruiters and applicants due to its applicant tracking system and proprietary candidate-scoring tool. It spent the autumn beta-testing the system with more than 30 companies and 1,500 applicants, and has now launched the product to the public.

 “Ever since we gained our

A couple of Atlantic Canadian startups are looking for your vote in their quest for a global startup award.  

Robin Hood and Holla! are winners of recent Startup Weekend events and now they are competing in the Global Startup Battle, in which the public chooses the best SUW winner in the world. Voting closes today at 11:59 pm PST (which technically is tomorrow at about 4 am AST).

Startup Weekend is an international organization that sanctions local events around the world bringing together people to form a business in a single weekend. In the past couple of months, Startup Weekends have

Tom Gilgan laughed and shook his head. “Oh no,” said the co-founder and CEO of G2 Research of Dartmouth. “We’re not a Radian6. But what we’re happy about is we did this with a company we started from nothing.”

The “this” Gilgan referred to was his geo-location software company’s successful sale to Track Group of Salt Lake City for $4.6 million in November.

The G2 Research sale exemplified a trend that developed in 2014, which could be called the Year of the Modest Exit.

There was nothing like Radian6’s $326-million sale to Salesforce in 2011, or the $540-million sale of Ocean

When the three founders of G2 Research began to look for funding this past summer, they had no idea it would lead to a $4.6 million sale of the company by late November.

Yet Salt Lake City-based Track Group announced today that it paid that amount last week to buy the five-year-old Dartmouth company and gain access to its geo-location software used by law enforcement agencies.

G2 will now lead development for the Track Group, and G2 CEO Tom Gilgan has been named the company’s CTO. One of his first jobs will be to find a larger office because he will have to add several more members to

The following chart shows the details of Track Group's purchase of G2 Research announced today:

Target Company	G2 Research
Headquarters	Dartmouth, N.S.
Purchaser	Track Group
Headquarters	Salt Lake City
Deal Value	$4.6 million
G2’s Financial Adviser	Jim Lutes, EY
G2’s Legal Adviser	Jim Cruickshank,

Propel ICT is looking for a couple of experienced entrepreneurs to serve as entrepreneurs-in-residence in two centres in Atlantic Canada.

The organization that oversees the Launch36 accelerator hopes to have two entrepreneurs-in-residence in place in the near future to help work with startup founders on developing their businesses.

Propel began 11 years ago as a Saint John-based IT group, and has progressively spread across Atlantic Canada.  Startups from all four Atlantic Provinces have gone through the Launch36 programs. And with the hiring of St. John’s-based CEO Gary Dinn last

Halifax, Nova Scotia, November 27, 2014 - Volta is pleased to announce that Iain Klugman, the President & CEO of Communitech has joined their Board of Directors. As the Halifax startup house prepares to move into the old Library, expanding the Board of Directors is a key element of the strategic plan. Iain’s experience in growing Communitech and the Waterloo Region startup community will bring valuable benefits to Volta, as will his connections with startup communities across the country and internationally.

Iain joins Jevon MacDonald, GoInstant co-Founder, and Patrick Keefe, Partner at