Feds Boost IRAP, ACOA Funding

The federal government announced a new wave of funding for businesses on Friday, including a $250 million funding increase for NRC IRAP and almost $1 billion for regional development authorities.

While most business groups have applauded the federal government’s economic response to the COVID-19 crisis, there have been complaints that some companies are ineligible for the programs. It’s been

Continue Reading

MedMira Reveals COVID-19 Antibody Test

Halifax-based MedMira has announced it has finished developing a serological Point-of-Care (POC) testing solution for COVID-19

The test, REVEALCOVID19, delivers immediate results without the need for additional equipment. It can be used with whole blood, serum or plasma and is ideal for batch testing in laboratory settings, thus meeting the needs of users across a broad range of testing

Continue Reading

Last Day To Get Those Surveys In

It’s the last day to get those survey responses in. Founders and CEOs have until 5 pm Friday to complete our eight-question, anonymous questionnaire on how your business is doing during the pandemic.  

Entrevestor and Pivotal Coaching are partnering to conduct the survey, which will show how the Covid-19 crisis is affecting staffing and revenues, and reveal CEOs’ sentiments in coping with the

Continue Reading

Millennia Tea Closes Funding Round

Saint John-based Millennia Tea has closed a seed round that bolsters its ability to meet the growing demand for its tea, which is prepared in a way that preserves nutritional properties.

The company, which declined to reveal the size of the round, said it had received investment from: Charlottetown-based Natural Products Canada; New York-based investment group SOSV, which operates the Food-X

Continue Reading

NBIF Recognizes Research Mentors

The New Brunswick Innovation Foundation has named the province’s top research mentors for 2020, supporting their work with almost $165,000 in prize money.

NBIF had planned to announce the awards as part of its Top 25 Star Mentors luncheon at the biennial R3 event, which was cancelled this month due to the Covid-19 pandemic.

“New Brunswick is home to extraordinary researchers who are dedicating

Continue Reading

Feds Unveil More Support for SMEs

Prime Minister Justin Trudeau has announced new measures to support businesses during the pandemic. They include expanding the Canada Emergency Business Account (CEBA) and initiating a plan to help businesses with rent payments.

In a statement, the federal government said it is expanding CEBA to businesses that paid between $20,000 and $1.5 million in total payroll in 2019.

This new range will

Continue Reading

COVE, Ignite Form Partnership

The Dartmouth-based Centre for Ocean Ventures & Entrepreneurship, or COVE, and rural technology incubator Ignite have signed a memorandum of understanding to assist entrepreneurs and businesses in the “fish tech” sector.

The partnership will deepen sector expertise of capture fisheries and aquaculture by sharing ideas for new technology creation and adoption and pairing, the partners said in a

Continue Reading

Two More Days to Complete Survey

Sponsored Content

We’re entering the home stretch of our survey that gauges how Atlantic Canadian startups are faring in the current downturn.

Entrevestor and Pivotal Coaching are partnering to conduct the survey, which will show how the Covid-19 crisis is affecting staffing and revenues, and reveal CEOs’ sentiments in coping with the effects of the crisis.

It’s 100 percent anonymous, and it

Continue Reading

#Startupeast 1 Month into the Crisis

About a month into the lockdown, I’ve been trying to assess the mood and experiences of Atlantic Canadian startups, and it’s difficult to sum up in a few sentences.

Some companies have seen revenues vanish and are wondering if they’ll survive. Others have found sudden demand for their products. Cash-rich companies developing medical products are waiting to get into the lab again. And some IT

Continue Reading