Axis Accelerator Seeks Applicants

The Axis Accelerator at University of New Brunswick Saint John is seeking applicants for its six-month program for business-to-business startups from across Atlantic Canada looking to grow their revenues and prepare to raise capital.

The program will begin in the spring and requires three to five hours per week from participants. It is aimed at positioning the founder of a company as its lead

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NBIF Names Armali VP of Investments

The New Brunswick Innovation Foundation (NBIF) has appointed Daniel Armali as Vice President of Investments, effective immediately.

Armali joins NBIF after relocating from Montreal and brings more than 15 years of experience in venture capital, fund investment, and multi-asset portfolio management. He will lead NBIF’s investment team and work with startups, portfolio companies, and limited

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Grant Named Managing Partner of Cuna del Mar

Cuna del Mar, an impact investment fund focused on regenerative aquaculture, has appointed Halifax lawyer and entrepreneur Donald Grant as its new Managing Partner.

The appointment of Grant, who previously served as the fund’s Vice President, marks a strategic shift for Cuna del Mar as it aims to take a more active role in promoting regenerative aquaculture globally. Regenerative aquaculture is

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Lockhart Leaving Propel for McKenna Institute

Kathryn Lockhart, CEO of Propel, the regional virtual accelerator for tech-enabled companies, has announced she is joining the McKenna Institute at the University of New Brunswick as Executive Director, effective Nov. 10.

Lockhart has headed up Propel for more than five years and seen significant change in that time. Now, she is joining the McKenna Institute, an entrepreneurial centre based at

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GIT Opens New Facility and Lands EDC Funds

Dartmouth-based GIT Coatings, which creates biocide-free, graphene-based marine coatings, has opened a new facility and received an additional $5 million in funding from Export Development Canada. The money was presented during the opening of the company’s new global headquarters on Wilkinson Avenue last week.

The new premises will help the company, officially called Graphite Innovation &

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Business Hall of Fame Recognizes Young Entrepreneurs

Cat Adalay, founder and CEO of Dartmouth-based Aurea Technologies, is one of four emerging entrepreneurs to be recognized this week by the Nova Scotia Business Hall of Fame.

Aurea is the cleantech company behind the Shine and RISE turbines, portable wind energy systems designed for outdoor recreation, emergency preparedness, and defense applications. Lightweight, collapsible, and powerful, these

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ImmigrateAI Global Wins at G20 YEA Summit

Halifax-based ImmigrateAI Global has won third place in the Global Business Competition at the G20 YEA Summit in South Africa.

The company has won a package of $5,000. What’s more valuable, founder and CEO Max Medyk told Entrevestor, is the recognition and partnership requests the company has since received.

“This was the first time a Nova Scotia company did this on the G20 stage,” he said.

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Spellbook Closes US$50M Series B Round

Spellbook, which makes AI products for law firms, has closed a US$50 million (C$70 million) Series B round led by Khosla Ventures, one of the top venture capital firms in Silicon Valley.

Based in St. John’s and Toronto, Spellbook announced the funding Thursday, saying the deal values the company post-money at US$350 million, or C$490 million.

Khosla Ventures and Palo Alto-based Threshold

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