recent news
Hickey Out at Invest Nova Scotia
Invest Nova Scotia Executive Chair Tom Hickey has resigned, citing other professional commitments, mere weeks after his appointment to helm the new amalgamation of Innovacorp and Nova Scotia Business Inc.
Progressive Conservative Premier Tim
IBI Group Paid $5.7M for HotSpot
When IBI Group bought Fredericton transportation software-maker HotSpot in June for its recurring revenue business, the Toronto engineering and technology company agreed to pay a total of $5.74 million, regulatory filings reveal.
IBI paid $2.76
Spark Nova Scotia Coming in October
The annual Spark Nova Scotia startup competition, which offers winners up to $50,000 of non-dilutive funding, will hold three pitching events in different regions of Nova Scotia this fall.
Now in its ninth year, the Spark program aims to nurture
Cybersecurity cluster continues to grow
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With its impressive cybersecurity strength and talent development history, New Brunswick is implementing a strategy to become the world’s most innovative and collaborative cybersecurity ecosystem by 2030.
New Brunswick became a
Welkom-U CEO Ajibola Wins Immigrant Award
Tosin Ajibola, whose Fredericton startup Welkom-U is an online platform that aims to help foreign students acclimatize to their new surroundings, has been declared by Western Union’s Canadian Immigrant periodical to be one of Canada’s top 25 new
Sandpiper Closes SVF Fund
Sandpiper Ventures, Atlantic Canada's female-focused venture capital firm, has closed its flagship SVF fund, having raised over $20 million.
The SVF fund is the second-largest female-focused VC fund in Canada, Sandpiper said in a statement, after
Blk Women in Excellence Society Launches Pitch Competition
The Halifax-based Canadian Blk Women in Excellence Society is launching a pitch competition for black female entrepreneurs with the help of a $52,920 grant from the Atlantic Canada Opportunities Agency.
Founded in 2020, the Blk Women in Excellence
Recimply Wins Pitch & Pick
Recimply, which is developing “smart receipt” software, has won the $2,000 first prize at St. John’s-based startup hub Genesis’s Pitch & Pick competition — the culmination of its eight-week Evolution accelerator.
The company was founded by Tyler
NewAE Sold to Britain’s lowRISC
Halifax cybersecurity company NewAE Technology, which manufactures products to study "hardware hacking", has been acquired by Britain's lowRISC C.I.C., with the aim of accelerating growth.
LowRISC, which was founded at the University of Cambridge
FACE Offers Loans to Black-Run SMEs
The Federation of African Canadian Economics, or FACE, recently celebrated the first anniversary of its founding, capping off a year in which it provided financial backing to businesses, including some on the East Coast.
Montreal-based FACE offers
ProcedureFlow Raises $12M
Saint John-based ProcedureFlow has raised $11.8 million in a funding round that includes its existing investors and some employees, as well as newcomers Sandpiper Ventures of Halifax and the Canadian Business Growth Fund.
ProcedureFlow raised the
NS to Amalgamate Innovacorp, NSBI
Crown corporations Nova Scotia Business Inc. and Innovacorp are being amalgamated into a single agency called Invest Nova Scotia, as Tim Houston’s Progressive Conservative government looks to streamline operations, the province announced Tuesday.