A Fredericton bottling facility has secured nearly $1 million in federal funding for the creation of a marketing manager position to help the company expand into more global markets.
Six years ago, CEO Cat Adalay was working on a design for a compact wind turbine to generate power for high-rise buildings. Her recently founded company, Aurea Technologies, needed a breakout project, and she was determined to create a small-scale, eco-friendly energy solution for consumers.
It may surprise many, but early stage startup companies in Atlantic Canada are eight times less likely to have access to angel capital than the Canadian average (less than $4 per capita versus $31 per capita nationally according to the recently released study by the National Angel Capital Organization of Canada).