District Digest
March 4, 2020
Life Science Startups Receive Support for Expansion
Four District companies SkinFix, IR Scientific, Motryx and Nxtgen Care will receive a total of nearly $1.75 million in loans from the federal government. The funding, from the Atlantic Canada Opportunities Agency (ACOA), is aimed at supporting the companies commercialize their healthcare solutions and ultimately attract new investments to the growing life science sector.
District Startup Accepted into Silicon Valley Accelerator
Former Volta Cohort member, Milk Moovement, will receive a $100K investment and join the Thrive accelerator in Silicon Valley. The agriculture tech startup supports farmers, dairy boards and other organizations with real-time reports about the quality and volume of milk production.
Appili Therapeutics Closes Public Offering of $10.3M
After raising $3.6m in 2019, Halifax based Appili Therapeutics have tripled their capital to $10.3m in its most recent public offering. Dedicated to fighting infectious diseases, the company is poised to advance in four drug candidates in its pipeline.
Nova Scotia Health Authority Partners to Leverage Medtech
The Nova Scotia Health Authority announced last week it will hold five pitch competitions focused on provincial health care priorities. In partnership with Volta, BioNova, QEII Foundation, and the Atlantic Canada Opportunities Agency, the program will further drive innovation in medtech. The first pitch competition will take place on April 8.
National AquaHacking Challenge Launches in Halifax
The AquaHacking Challenge, a national competition where students solve water issues, has landed in the Halifax Innovation District. Participating students will be mentored by developers, designers, scientists, engineers etc., and access resources to develop their solutions. The top five teams will also be awarded with a total of $50,000.
Nurture Your Entrepreneurial Drive With CEED
Tracing the pathways to realize a successful entrepreneurial career can be daunting. At the Centre for Entrepreneurship Education and Development works (CEED) entrepreneurs receive training, financing and networking opportunities for growth. Connecting with a community of like-minded entrepreneurs, participants benefit from peer learning and support.