Innovacorp, NBIF Back Propel with $1M

Innovacorp and the New Brunswick Innovation Foundation are putting up a total of $1 million to help companies in Phase 2 of Propel’s Incite accelerator cover the cost of executing their sales strategy.

The Nova Scotia and New Brunswick early-stage venture capital groups will each put $500,000 into the program, which will allow companies from across Atlantic Canada to receive $50,000 each in investment.

Full article on Entrevestor.