Organization: New Brunswick Innovation Foundation

The Short Report, October 2, 2019: Kin cryptocurrency, robot tax, health tech

In a dramatic post, Kik founder and CEO Ted Livingston announced the Waterloo-based company will shut down its messaging service and focus exclusively on its cryptocurrency Kin. Livingston described a protracted battle with the Securities and Exchange Commission (SEC) over whether Kin should be labeled a security, which he says “would kill the usability of…

Joe Allen

Univ of New Brunswick has appointed industry executive Joe Allen as managing director of its accelerator programs at the J. Herbert Smith Centre for Technology Management & Entrepreneurship. Prior to his appointment, Allen was director of investments for the New Brunswick Innovation Foundation, where he was responsible for managing a portfolio of about 50 venture capital investments…

Resson captures $3 million in venture financing

Resson Aerospace has raised $3 million in venture capital financing to advance its bioinformatics and data analytics technology offerings. The VC financing of the Fredericton NB-based company was led by Rho Canada Ventures and Build Ventures and includes BDC Capital, New Brunswick Innovation Foundation and private investors. Resson has recently deployed an agricultural management and…

New Brunswick launches $5-million startup fund

The Government of New Brunswick has established a $5-million Startup Investment Fund as part of its $80-million commitment to R&D and innovation. The fund will be administered by the New Brunswick Innovation Foundation. Awards of up to $100,000 will be made to support company creation, product development and testing, market research, intellectual property protection and…