Q1 Labs, an online security provider founded in Fredericton in 2001, has been purchased by IBM Corp. for an undisclosed price – the second New Brunswick-born tech company to exit this year.

The sale of Q1, which is now based in Waltham, Ma., but

Halifax entrepreneur and lawyer Jeff Larsen has joined the Nova Scotia Department of Economic and Rural Development and Tourism as the Executive Director of Investment and Trade.

Until last month, Larsen had been an associate with McInnes Cooper

Propel  ICT, the Saint John-based tech accelerator, will reveal a plan this month to work with more entrepreneurs in a program designed to increase each enterprise’s chance of success.

Over the next year, the group plans to implement Propel 2.0,

Business people in the Miramichi Valley are hoping to put together an inaugural equity investment deal in the next three months involving two imaginative funding bodies – The Frank McKenna Technology Fund and Miramichi’s own angel network.

Brian

Globetrotting investor Permjot Valia will host MentorCamp for half a dozen Nova Scotian tech startups on Oct. 11. He will accept applications until Friday Oct. 7 from young companies that want to learn about developing businesses from seasoned

ClearRisk Inc., the St. John’s SAAS venture that helps mid-level insurance brokers assess risk, is celebrating its fifth anniversary this month by launching a mobile app.

The company led by Craig Rowe got a major boost this year when GrowthWorks

Daniel Boyd and ABK Biomedical yesterday won the $30,000 BioInnovation Challenge presented by BioNova for its development of OccluRad particles in the treatment of fibroid tumors.

BioNova, the umbrella group for the Nova Scotian biotech

Thomas Rankin of Innovacorp has won national recognition for his work in the cleantech industry, including organizing Canada’s first global competition for cleantech entrepreneurs.

Rankin is in Toronto this week to attend the Clean50 Summit,

The New Brunswick Innovation Foundation revealed today that it earned $9.2 million from its Radian6 investment, but the really interesting news was in the final paragraph of the media release.

The not-for-profit organization that finances

Resolution Optics, a Halifax maker of sophisticated microscopes, has hired Sandra Wood as its CEO, building on the trend of experienced business people collaborating with university researchers to commercialize a product.

Wood was most recently

 Fredericton-based Inversa Systems, which makes scanning technology for the construction industry, has raised $500,000 from the New Brunswick Innovation Fund and private venture capital firm, Technology Venture Corp. of Moncton.  

The

Invest Atlantic concluded yesterday with a reasoned plea to allow the coming Regional Venture Capital Fund to make investments beyond the borders of Atlantic Canada.

The fund, being championed by Nova Scotia and New Brunswick, will have a better