Aruna, Parados Among UNB Apex Winners

by | Feb 6, 2024 | Success Story

Huge congratulations to LSNS Members Aruna Revolution & Altheda Wellness Innovation and to all those who participated for their achievements.

From: Entrevestor
By: Avery Mullen
Date: Feb. 5, 2024

The business plan competition had two streams, one for students and one for entrepreneurs running startups.

Atlantic Canadian startups made a strong showing last week at the University of New Brunswick’s BMO Apex Startup Challenge.

The event, organized by UNB’s International Business & Entrepreneurship Centre, saw students and early-stage entrepreneurs from across Canada compete to develop business plans for new ventures.

Held Jan. 25 and 26, the event included multiple streams, including two for students developing new business plans and one for entrepreneurs with “early-stage, massively scaleable ventures.”

The students were required to prepare a 25-page business plan, while the entrepreneurs had to be posting less than $1 million in annual revenue, have fewer than 25 employees and come bearing a 12-slide pitch deck.

The student track was open to competitors from any post-secondary institution in the world, with $20,000 of cash and other prizes up for grabs, along with a travel subsidy. The new venture founders, meanwhile, competed for $10,000 worth of non-dilutive funding.

Halifax-based Aruna Revolution won the the new ventures category, while Altheda Wellness Innovation of Halifax and Parados of Fredericton, tied for second place.

Here’s a look at the Atlantic Canadian winners:

Read more…