recent news
NL’s TotaliQ Teams up with UdeM
TotaliQ, a St. John’s IT company that helps businesses use the expertise of their workforce, has struck a partnership with Université de Moncton to develop artificial intelligence for the product.
The company is currently working on an
Atlantic Canada Books $158M in VC
Led by an off-the-charts performance in New Brunswick, Atlantic Canada recorded $158 million in venture capital investment in 2018, accounting for its biggest ever proportion of Canada’s VC funding.
NACO to Support Region’s Angels
The National Angel Capital Organization wants to help nourish local investment groups in Atlantic Canada, but its CEO stresses that the development of angel groups in the region has to be organic.
In an interview in his Toronto office last week,
Drive to Boost NB Exports
In what is described as a first for Canada, the Atlantic Canada Marketing and Export Centre, or AMEC, is opening a virtual centre that will support the marketing efforts of small and medium-sized enterprises in New Brunswick.
The aim is to help
Genesis Launches Micro Fund
St. John’s-based Genesis has initiated a $775,000 micro fund that will provide initial financing to about 38 companies over the next three years.
Genesis announced this week that the Genesis Micro Fund will provide grants of up to $20,000 to each
Patchell Brook Eyes Growth in 2019
Having secured such enterprise clients as TD Ameritrade and the Globe and Mail, stock market analysis company Patchell Brook Equity Analytics is expecting dramatic growth in 2019.
The Miramichi company’s product is StockCalc—an automated service
ACOA Backs Eigen with $800K+
Fredericton-based Eigen Innovation has received financing of more than $800,000 from the Atlantic Canada Opportunities Agency, which will fund marketing programs.
ACOA issued a statement on Tuesday saying the company would receive a conditional
Sapien Releases Lightdogs App
Fredericton-based Sapien has launched its Lightdogs app on Apple’s App Store, and people in several countries have downloaded the app in the hope it will ease them off their cell phone addictions.
Sapien’s mission is to encourage people to spend
Cribcut’s $1M+ Raise To Aid Growth
Cribcut, whose online platform connects mobile hair stylists and clients, has raised $1.06 million in equity funding to help finance its expansion across Canada and the U.S.
The Halifax company issued a statement saying that it has closed a second
Mara Lands $3M Loan from ACOA
Mara Renewables Corp. has received a $3 million conditional loan from the federal government to research the best ways to produce commercial quantities of algae-based nutritional supplements.
The government announced last week that the Atlantic
IMV Raises $29.5M in Offering
Montreal-based Fonds de solidarité FTQ has invested $5 million in Dartmouth-based immunotherapy company IMV as part of the company’s recent public offering, which raised almost $30 million.
It is the second investment in IMV by the Fonds, which has
Durland Named SMU’s Chancellor
Michael Durland, who has invested in some of Halifax’s leading startups, has been named the new Chancellor of St. Mary’s University, succeeding Paul D. Sobey.
Durland is best known as the former Group Head and CEO of Global Banking and Markets for