Startup Facility Planned for Halifax

Jevon MacDonald, the co-founder and CEO of GoInstant, is leading a drive to open a new working space in Halifax where tech entrepreneurs can rent space and benefit from each other’s experiences.

MacDonald and his collaborators plan to open the facility, called Volta, this year, starting out mainly as a workspace where founders of young companies can meet and feed off each other’s energy. In time, it might offer some programs, evolving into an incubator or accelerator, which are more structured systems for developing young companies.

MacDonald has been working on Volta since he and his

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SkySquirrel Develops Aerial Drones

The story of SkySquirrel Technologies is a story of two immigrants in rural Nova Scotia, a kick-ass medical device company and the development of an unmanned aerial vehicle that could save lives.

Though very much in its infancy, SkySquirrel is a company that’s already creating buzz at support agencies due to its potential in both software development and manufacturing from its base in

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CompCamp Heading to Invest Atlantic

There’s going to be a bit of a change this year in the Pitching Den at Invest Atlantic.

The fourth annual Invest Atlantic conference will be held at the Halifax World Trade and Convention Centre on Sept. 25, and like its three predecessors it will include pitchers telling the hundreds of delegates about their companies. In the previous years, the Pitching Den has been the final segment of the conference, with the winner usually walking away with beer tickets and bragging rights.

This year, Bob Williamson, the head of Invest Atlantic, is trying something different. He’s organized

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Debating the Pay-to-Pitch Model

To further the debate about whether companies should pay to pitch, Entrevestor today is publishing guest columns outlining opposing views.

Since Toronto-based startup evangelist David Crow criticized the First Angel Network in Startup North on Feb. 19, members of the community have discussed publicly and privately the pros and cons of FAN’s model .

FAN has channeled more than $9 million into 22 companies (and counting) since 2005, during which time it has accepted $1.1 million in funding from the Atlantic Provinces Opportunities Network. It charges each company that pitches to its full

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Finlay, Lowe Standing By FAN’s Record

The First Angel Network, or FAN, goes where other investors fear to tread. Since 2005, it has directed more than $9 million to business startups in Atlantic Canada.

As co-founders of Atlantic-based FAN, we are proud of the performance of the companies our angels have supported. Since 2005, we have invested in 22 early-stage companies. Only two have failed, while two FAN-supported firms have successfully exited – one after being sold for 1.5 times the organization’s investment.

Overall, FAN’s $9-million has leveraged more than $60 million in additional investment in firms that have

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Nagtegaal: Opposing Pay to Pitch

After 25 years in venture capital, I first heard the term “investment ask” five years ago, when working in Nova Scotia.

I didn’t like it at all! And I really don’t like the practice of asking entrepreneurs to pay to pitch.

One important thing I learned during all those years is a good deal requires equal parties. Entrepreneurs and investors are of equal importance to the deal and to each other. If anyone feels treated any other way than equally, it will lead to friction, and the deal will be harmed.

You may think the investor always has the upper hand, but you’re wrong. The investor

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Ooka Island’s Post-Dragon Sales Soar

The staff of Ooka Island Inc. gathered at their Charlottetown office a few weeks ago to watch the educational software company’s pitch on CBC’s Dragons’ Den.

One staff member’s smartphone was logged on to the company’s e-commerce site, which pings every time Ooka Island gets a new client.

As the pitch was broadcast, the phone began to ping and ping until it sounded like a drum roll. The sound eventually died down, only to happen each hour as the show was broadcast in the next time zone and then the next.

“That started a pretty steady stream (of sales) for about the next two weeks,”

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OneLobby’s Version 1 Starts Beta-Test

OneLobby on Thursday will launch – or maybe christen is a better verb – the first version of its event management software, which it has adoringly named Alana.

The Fredericton startup, which last year moved its headquarters from Halifax, pivoted, and raised $500,000 in angel funding, said it the launch will take place at the Canadian Society of Professional Event Planners annual meeting, being held at the Crowne Plaza hotel in Fredericton.

The company has decided to name each version of its software after someone who supported its development, and named Version No. 1 after early adopter

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Terra Nova Outlives `Startup Bruises’

Maria French jokingly says she still has the “startup bruises” from the early years of trying to gain traction with her medical transcription business, Terra Nova Transcription of St. John’s.

In 2000, French got the idea of providing a service to transcribe the notes that doctors dictate for each patient who visits a hospital. Most hospitals have in-house transcribers, but these services are expensive and can take weeks to transcribe a report (too long if a patient’s condition is deteriorating rapidly).

“In 2001, our entry point was the U.S. market,” French said in an interview from her

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NBIF Names Breakthru Finalists

The New Brunswick Innovation Foundation has named the five finalists for its biennial Breakthru competition, in which early stage companies will vie for $406,000 in prizes.

The finalists -- Black Magic, CeteX, Store-it Squirrel, TotalPave and RTV – will now be entered into the Viewer’s Choice award, in which the CBC broadcasts features on each company, and viewers select their favourites.

NBIF and the law firm Cox & Palmer will announce the winner and two runners up of Breakthru as well as the Viewer’s Choice award at the Breakthru Awards Dinner at the Delta Fredericton Hotel on March

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