The Wallace McCain Institute last week announced a new funding by the Miramichi Technology Fund, which was financed by a $1 million donation by former premier Frank McKenna.  The following is a press release issued by the institute.

 

UNB’s Wallace McCain Institute supports new software start-up in Miramichi

 

The Miramichi Technology Fund, managed by UNB’s Wallace McCain Institute (WMI), recently announced an investment in a new software start-up in Miramichi, NB.

Patchell Brook Equity Analytics Incorporated (Equity Analytics) is a company focused on creating the software

My grandfather, Major H.P. MacKeen of the Royal Artillery, shown on the left, wrote this poem in Ypres in September 1917, two months before the Battle of Passchendaele.

The White Cross

It isn’t a medal or order,
It carries no ribbon or braid
But a token still
As on Calvary Hill
Of the greater sacrifice made.

It stands as a lonely sentinel
O’er the place where the hero sleeps

Acknowledging that a treasured business venture is not going to succeed is tough for anyone, especially when the entrepreneur is only 17. But fledgling entrepreneur Raphael Paulin-Daigle recognizes that failure offers important lessons. When he closed his business Shopulse in early October, Paulin-Daigle was sad, but he knew that the experience had been valuable.

The Grade 12 student designed

The recent financings of Halifax-based startups Affinio and Analyze Re highlight one facet of the innovation ecosystem in Atlantic Canada that is healthier in 2013 than last year – the number and diversity of major institutional fundraisings.

In 2012, the startup scene in Atlantic Canada was characterized by a lot of exciting companies receiving seed funding – usually $200,000 to $2 million -- to finance the early stages of their growth. That was great, but it also meant that there were a cluster of young companies all scrambling for follow-on financing, each of them looking for rounds of

A year ago, Cam McDonald and Daniel Bartek were Dalhousie University students enrolled in the Starting Lean course. Yesterday, they announced their company Sage Mixology has signed a distribution deal with the biggest liquor purveyor in the world.

The speed with which Sage – whose third founder is Bobby Besant – is bringing its product to Liquor Control Board of Ontario outlets says plenty about the drive of its young team and their execution of a great idea.

Sage is dedicated to revolutionizing the ready-to-drink (RTD) alcoholic beverage market, the pre-mixed fruity drinks you can buy

It was great to see some friends from Arkansas at MentorCamp in Halifax last month.  It reminded me of our trip to Northwest Arkansas this past summer, when I witnessed what a startup community can and should be.

I was lucky enough in August to be one of a quartet of Atlantic Canadians – the others were Patrick Hankinson of Compilr, Shawn Carver of Fiddlehead and Gavin Uhma of GoInstant – serving as mentors in a MentorCamp held in Bentonville, Ark., the home of Walmart. Permjot Valia, the Founder of Halifax-based MentorCamp, invited us to come and serve as some of the international

Analyze Re, a Halifax company whose software-as-a-service product helps reinsurers assess risk, has received almost $1.4 million in funding from a range of venture capital funds and angel investors.

The company came together when a trio of executives — Oliver Baltzer, Adrian Bentley and Shivam Rajdev — took their idea for a SaaS product for reinsurers to the Starting Lean course at Dalhousie

The New Brunswick Innovation Foundation released its 2012-2013 annual report on Monday, which details the innovation agency’s record investments in the year to March 31.

NBIF, which is a sponsor of Entrevestor, invested a record $1.95 million in 12 companies, comprising nine new investments and three follow-fundings. Other investors put an additional $7.1 million into these companies. The foundation said it now has a portfolio of 28 companies, the most since its inception in 2003.

CEO Calvin Milbury noted in the report that the agency also invested $1.9 million in 27 research projects.

The Atlantic Provinces Economic Council has highlighted a recent development  that is adding to economic growth in Atlantic Canada – the growth of tech startups.

APEC this week released its economic forecast for the region for 2014, which foresees tepid GDP growth overall next year and a notable improvement in Nova Scotia to 2 percent. One of the bright spots in the detailed look at the region’s economy is the tech sector, which is benefiting from a rising tech economy in the U.S.

President and Chief Executive Officer Elizabeth Beale noted the recent successes in the segment, such as

Health Outcomes Worldwide has launched  a new mobile apps for its how2trak software, which allows nurses and other healthcare providers to use data to improve their service for patients while reducing costs.

The Cape Breton healthcare administration company said in a press release last week the app can be used on iPads and Android mobile devices.

Health Outcomes Worldwide has the largest proprietary database of wound care treatment data in North America. When it received $1.5 million in funding last year from Nova Scotia Business Inc., the company said it would use the proceeds to