Proposify Lays Off 25

Less than four months after it finished raising a $13 million funding round, Halifax Software-as-a-Service company Proposify is laying off 25 people as part of what CEO Kyle Racki described as an attempt to “right-size” the company after missed growth targets.

The September raise took about a year to close and was led by Innovacorp and the Canadian Business Growth Fund -- an investment fund

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TrojAI Raises $3M Seed Round

In the wake of commercializing its product last summer, Saint John cybersecurity firm TrojAI has raised a $3 million seed round led by Halifax’s Build Ventures and Seattle’s Flying Fish Ventures, which was co-founded by former Microsoft, Amazon and Getty Images execs.

The funding follows a $750,000 pre-seed round last January, and at the time, COO Stephen Goddard told Entrevestor he was already

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Dal Offers Entrepreneurship Workshop

Dalhousie University’s Dal Innovates entrepreneurship hub will offer a three-day workshop about how to apply entrepreneurial thinking to scientific research and career planning in academia.

Slated to run from Jan. 26 to 28, the Path2Innovation workshop will be held virtually and is intended to help academics prepare to participate in Dal Innovates' Lab2Market accelerator -- a 16-week program to

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What To Watch for in 2022

Every year at this time, we pull out the crystal ball and try to see what the next twelve months may bring, and I’ve got to say the glass orb is a little cloudy for 2022.

I try not to write predictions in the first article of the year, because it’s a mug’s game. None of us can see the future. And it’s especially hard to get a read on what’s going to happen this year because there are so many

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Last Call for Bluetech Surveys

We’re making one last call for Canadian oceantech founders to complete our 2021 survey, which will help us produce our first report on the Canadian oceantech sector.

We’re really pleased with the responses we have received so far, but we could use a few more surveys.  If you head up an oceantech startup in Canada, please consider filling out our survey. Startup support organizations and industry

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Our Story of the Year

I believe that one day we’ll look back on 2021 as the year in which the Atlantic Canadian startup cluster began giving back to the governments that have supported it.

From our standpoint, the story of the year in 2021 was the governments of Canada, Nova Scotia and Newfoundland and Labrador receiving a total of about $300 million from transactions involving Meta Materials Inc. and Verafin.

These

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Happy Holidays to all our Readers!

As we do each year, we're taking off the week between Christmas and New Year's. So this is our last day of publishing until Jan. 4. 

It's been a fantastic year, and we would like to thank all our readers and customers for making it so great. In 2021, we launched our Entrevestor Live event and got the ball rolling on our oceantech publication. We'll have lots of news about these initiatives in

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Halifax’s Rockwood Claims NZ Prize

Halifax-based geriatrician, academic, and founder Kenneth Rockwood has been awarded the 2021 Ryman Prize, which is worth NZ$250,000, or C$218,000, for his work on behalf of older adults.

The grant recognizes the Dalhousie professor’s more than 30 years of research, collaboration and practical clinical work for older adults living with frailty and dementia and his long-term campaign to battle

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Ring Rescue Inks US Distribution Deal

Dartmouth’s Ring Rescue, which now sells its system for removing stuck jewelry in eight countries, has inked a distribution deal with fire and emergency supplies distributor Team Equipment to make its product available to more than 200 sellers in the United States.

Team Equipment distributes emergency gear to the companies that supply fire departments and other emergency responders, who will now

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