Brunswick tech startup will get $2 million in funding to develop business enterprise

Circa, a Brunswick-centered financial technology startup, and cellular app, been given $2 million in investments to enrich its company’s development in January.

The app was intended to guide renters in paying their lease electronically and obtaining the overall flexibility to break up up rent payments though helping residence owners gather rent and earlier-thanks quantities. For illustration, on the application, renters can pay lease in two to three scheduled payments and indication up for payment reminders by e-mail or textual content.

In accordance to a report from the Joint Heart for Housing Studies of Harvard University, 10.9 million renters expended a lot more than 50 percent of their earnings on housing in 2018. The facts also showed 6 million more price tag-burdened renters in 2018 than in 2001.

Leslie Hyman Contributed

“The need for adaptable rent payments is so robust right now,” Leslie Hyman, CEO and co-founder of Circa explained. “We get hundreds or hundreds of unsolicited requests to use Circa since men and women want this ideal now. There is a actual will need for fiscal aid relating to housing in just about every condition and city, and that is what we are performing.”

Circa transitioned from Connecticut to Maine in April just after participating in the Roux Techstars Accelerator application in Portland.  They are found at 16 Station Avenue in Brunswick, following to the teach station. Techstars is a Colorado-centered company that runs an accelerator plan (a system that assists acquiring organizations get enable in mentorship, investors, and other assistance to turn into steady and self-enough companies) globally, including Northeastern University’s Roux Institute in Portland.

“I have normally seasoned Maine like quite a few folks for vacation,” Hyman said. “Now, I notice how essential Maine is from a company standpoint. I cannot explain to you how thrilled I am to be welcomed by this phenomenal organization ecosystem. There are so quite a few benefits to staying in Maine we have assistance from financial builders in the point out, our investors are here, and we can get edge of the tax credits that Maine gives.”

Hyman included: “We share place with a further Techstars organization [Omnic Data, Inc], and the go has been performing out for us so much. I am also grateful to a great group of investors dedicated to our mission, and I am also grateful as a woman founder. I am so satisfied that we are giving a product or service that folks see the value in and are excited to make investments in so we can assist so many individuals.”

Circa’s crew is composed of 6 users on their leadership team and three section-time employees customers. They are actively using the services of team for business enterprise and accounting. They are also doing the job closely with their traders to promote and use from Maine.

Hyman stated that the funds would be utilized to expand their small business. “We are developing our organization,” she explained. “The cash are to grow our sales and promoting to scale

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RMR Science Systems Inc. Offers Update on Proposed Business enterprise Blend with Turnium Technological know-how Group, Inc.

Vancouver, British Columbia–(Newsfile Corp. – April 8, 2022) – RMR Science Systems Inc. (TSXV: RMS.P) (“RMR” or the “Firm”) is delighted to supply an update with respect to the arm’s length company mix of RMR and Turnium Technology Group, Inc. (“Turnium”), pursuant to which RMR will acquire all of the issued and superb securities of Turnium (the “Transaction”). On completion, the Transaction will represent a reverse just take-about of RMR by Turnium which will represent RMR’s “Qualifying Transaction” below Plan 2.4 – Capital Pool Firms of the TSX Undertaking Exchange, with the resulting firm to be renamed “Turnium Technological innovation Group Inc.” (the “Ensuing Issuer”).

Non-public Placement

In relationship with the completion of the Transaction, on April 8, 2022, Turnium completed a private placement of: (i) the brokered sale of 2,764,984 membership receipts (the “Subscription Receipts”) for combination gross proceeds of C$1.54 million at a rate of C$.56 per Subscription Receipt (the “Brokered Presenting”) and (ii) the non-brokered sale of 3,145,643 Membership Receipts for combination gross proceeds of C$1.76 million at a price of C$.56 for each Subscription Receipt (the “Non-Brokered Providing”, and collectively, with the Brokered Supplying, the “Private Placement”). The Membership Receipts were made and issued pursuant to the terms of a subscription receipt arrangement (the “Subscription Receipt Settlement”) involving Computershare Believe in Organization of Canada, as membership receipt agent, RMR, Turnium, Eight Cash and Canaccord Genuity Corp., on behalf of the Agents (as outlined below). Each individual Membership Receipt will be immediately converted on the fulfillment of particular escrow release situations established forth in the Membership Receipt Agreement, into a Turnium device (each individual, a “Turnium Unit”) comprised of a person Turnium common share and one particular-half of one Turnium prevalent share acquire warrant (each and every whole warrant, a “Turnium Warrant”). Each and every Turnium Warrant will entitle the holder thereof to invest in one particular widespread share of Turnium at a cost of C$.75 for each Turnium prevalent share on or right before April 8, 2024.

8 Capital and Canaccord Genuity Corp. acted as co-guide brokers for a syndicate of brokers, which included Echelon Prosperity Associates Inc. and iA Non-public Prosperity Inc. (collectively, the “Brokers”) pursuant to the conditions of an company agreement among Turnium, RMR and the Agents (the “Company Arrangement”). Pursuant to the phrases of the Agency Agreement, in consideration for their services in relationship with the Brokered Giving, the Agents been given (A) a money commission equivalent to: (i) 7.% of the combination gross proceeds of the Brokered Presenting excluding proceeds from subscribers on a president’s record as well as (ii) 3.5% of the gross proceeds of the Brokered Supplying from subscribers on a president’s record (the “Funds Fee”), and (B) these types of number of agents’ warrants (the “Payment Selections”) as is equal to: (i) 7.% of the mixture quantity of Subscription Receipts issued beneath the Brokered Providing excluding Subscription Receipts issued to president’s list subscribers and (ii) 3.% of the aggregate amount of Membership Receipts issued below the Brokered Giving

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Onit’s InvoiceAI Wins the Small business Intelligence Group’s Award for Revolutionary Technology Goods

Field Acknowledgement Spotlights the Product’s Use of AI to Critique Historic and Genuine-Time Legal Invoices and Obtain Financial savings beyond Billing Rules

Onit, Inc., a top supplier of enterprise workflow solutions including company legal management and contract lifecycle administration, declared nowadays that its InvoiceAI has received a 2022 Huge Innovation Award. The once-a-year organization awards program acknowledges organizations, goods and people throughout the world that convey new concepts to lifestyle in modern methods.

InvoiceAI uses artificial intelligence to assist enhance price savings and decrease the time corporate authorized departments expend on bill evaluation. Manual invoice assessment is time-intensive and often ineffective, primarily for significant Fortune 500 authorized departments that obtain a substantial volume of costs from outside the house counsel and distributors. Organization authorized management eases this stress by implementing billing procedures to enforce outside counsel tips. Classic billing guidelines without AI rely on words and phrases and context offered by in-house teams and an invoice that works by using unique descriptions or wording can evade them. InvoiceAI fills that gap.

InvoiceAI seems to be in between the billing guidelines to identify likely noncompliant costs. It can instantly change invoices to comply with rules or deliver the discrepancy to the consideration of reviewers. Due to the fact it is AI-primarily based, it is normally finding out, bettering and performing tirelessly to decrease the volume of invoices needed for evaluate and detect needless fees.

The Large Innovation Award for InvoiceAI further more validates the good effect of AI for legal operations teams in massive enterprises. Their AI for invoice overview transforms remarkably repetitive and manual duties into automatic processes that enhance each authorized invest and efficiency. In reality, some prospects have identified up to 20% in personal savings when utilizing Onit’s company legal administration answer and InvoiceAI.

Innovation is driving the world financial system across pretty much all industries. Maria Jimenez, chief nominations officer of the Business Intelligence Group claimed they are honored to award these executives, organizations and solutions the Significant Innovation award this year. Each individual has made incredible strides at improving the life of their local community.

Understand far more about InvoiceAI right here or by watching this video clip. You can also schedule a demonstration or achieve out to [email protected] for additional facts.

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BUSINESS SPOTLIGHT: Altec Has Evolved into Your Total Business Technology Solution Specialists

ALTEC HAS BEEN SERVING BREVARD COUNTY FOR MORE THAN 30 YEARS

Altec is a Rockledge company with more than three decades of experience not only helping businesses stay secure and operational, but also providing sales, installation and supplies for local companies, as well as for residential customers. “We started as a print/toner company and have evolved over the years,” said sales manager Wyatt Willis.

NOW ALSO SERVING RESIDENTIAL CUSTOMERS WITH THEIR TOTAL IT NEEDS

BREVARD COUNTY • ROCKLEDGE, FLORIDA – It is a universal truth about technology that problems will eventually arise, usually at the most inopportune of times. Unfortunately, no company or individual is immune to the threat of data or equipment failure.

Since our businesses, and our lives, are now intrinsically connected to technology, it is imperative to have someone watching our backs, a partner you can trust.

The partner is Altec, a woman-owned Rockledge company with more than three decades of experience not only helping businesses stay secure and operational, but also providing sales, installation and supplies for local companies, as well as for residential customers.

“We started as a print/toner company and have evolved over the years,” said sales manager Wyatt Willis. The evolution continues, as Altec expands into the residential consumer market.

“We were originally business-to-business and are now also business-to-consumer,” added Willis.

At the company’s headquarters in Rockledge, customers can purchase a range of technology and ancillary supplies, but that is just the tip of range of services. 

“We do everything from toner to IT,” said Willis. “We serve all of Brevard, from Mims to Micco. We provide an on-the-ground IT team at a fraction of the cost of others.”

Wyatt Willis, Altec sales manager, explains to a client how to make their networking infrastructure more efficient. “We do everything from toner to IT,” said Willis. “We serve all of Brevard, from Mims to Micco. We provide an on-the-ground IT team at a fraction of the cost of others.”

AT-HOME TECHNOLOGY

It is not unusual for business customers to tap onto Altec for help with at-home technology.

For example, while resolving IT issues at a local auto restoration company, the owner’s father asked for help with internet connectivity at home, which was spotty and only allowed for one device to be used at a time. The Altec technician quickly solved the problem by installing wifi-boosting equipment.

“It was a simple solution to an annoying problem,” said Willis. “We solved his problem without breaking his wallet.”

Altec professionals can install both business and residential systems, so customers can avoid do-it-yourself headaches that invariably pop up. Should issues later arise, the Altec team is again at the ready. 

“All the business or individual need do is call the Help Desk,” said Willis. “We make it a priority to be available whenever the need for help arises.”

Story continued below>>>

Altec technician Jeremy Smithson repairs a client’s multifunction printer. The Help Desk is available 7 a.m. to 7 p.m., but customers can also opt for the 24/7
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How To Accomplish Business enterprise Continuity Using Technological know-how

As the founder and CEO at GB Advisors, Alexander allows organizations digitally transform correctly.

Organizations can prosper in unforeseen predicaments only if their leaders have a cautious eyesight of what they could do to protect their companies. Even so, this vision needs to be followed by motion to extract the value out of this expertise.

But how can you attain this? With avoidance, arranging and the implementation of equipment we all have at our disposal.

Obtaining out of a disaster with small business processes up and managing is feasible for any group fully commited to prevention and out-of-the-box thinking. As enterprise leaders, we want to make our businesses thrive, but how can we outline what we want to do to sustain functions in sophisticated situations?

We can concur that there is no much better way to deal with a elaborate condition than being organized for it, and these preparations come into outcome when you have constructed and followed a prepare.

In this regard, the idea of small business continuity scheduling (BCP) is the course of action that will help your group thrive in a situation that threatens its operations. Gartner defines small business continuity preparing as “a broad disaster recovery solution whereby enterprises program for recovery of the complete enterprise course of action. This features a strategy for workspaces, telephones, workstations, servers, apps, network connections and any other resources essential in the business enterprise system.”

BCP is the critical that will assistance us enter a condition of normalcy when our businesses face unexpected circumstances (a cyberattack, a purely natural disaster or even a pandemic, for occasion). So, how does this relate to the IT side of our functions? Let us dig into it.

How Does This Relate To Your IT Operation?

Technologies is a massive aspect of corporations. With no a working IT division, any firm could quickly split and collapse when the demand from customers for top-notch general performance gets also heavy. Why? For the reason that they will not be capable to count on new technologies properly to face these new difficulties.

Trying to keep knowledge secure and digital programs up and running is just one of the duties of any IT department, and it normally takes far more to cope with than just easy worry. In this sense, preparing is vital to deal with any sudden circumstance and diminish the negative affect on main organization procedures.

Nonetheless, this plan requires to go even more than just correct following a unexpected function. As a final result, utilizing new systems and work types could be a long-time period technique that will enable you protected organization continuity.

We have two components that assistance our companies attain business enterprise continuity: organizing and know-how. But how do these two bolster organizations to come to be additional resilient?

How Can Your Firm Guarantee Business Continuity As a result of Technological know-how?

Earning resilient organizations does not have to be a stress. As we talked about right before, you will need a

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Coffee & Ideas brewing at Griffiss Business and Technology Park

ROME — No matter whether it’s for skilled collaboration or easy camaraderie, Innovare Progression Centre at 592 Hangar Road, and its Innovare Elevation Series, is internet hosting the Coffee & Concepts occasion every single 1st and 3rd Thursday of the month from 10-11 a.m., which is also open up to the community.

The occasion is meant as a networking prospect for researchers, engineers, organization reps and other pros at Griffiss Organization and Technological innovation Park, as well as neighboring corporations in the neighborhood and academia that are fascinated in functioning cooperatively with GBTP organizations, or who would simply just like to understand more about what is occurring on the previous Air Pressure Foundation.

Conferences are held in the to start with floor cafe at Innovare and element Utica Coffee and pastries.

Griffiss Institute Neighborhood Manager Melissa Tallman mentioned attendees are inspired to seize a cup of coffee, and chat.

About what?

“Anything tech similar how does anything get the job done, the new quantum lab inside of the Innovare Progression Heart, happenings inside the Mohawk Valley, cyber stability, an idea you have, what is a SBIR/STTR (Small Business Innovation Research/Little Enterprise Technologies Transfer Study), you can just talk tech concepts above coffee,” she mentioned.

And while the celebration lasts an hour, attendees may remain as prolonged as they like.

Chad Lawrence, facility examination flight supervisor for Navmar Used Sciences Corporation, shared that NASC’s Rome area has been a significant take a look at flight facility for drones for the very last 7 yrs, and carries on to increase its functions.

In February 2020, NASC successfully finished a take a look at flight of the NASC TEROS UAV, Technological know-how Demonstrator at the NASC Unmanned Aerial Techniques Flight Operations and Instruction Center at Griffiss Intercontinental Airport.

NASC, headquartered in Warminster, Pa., has offered engineering and complex companies in assistance of the Office of Defense and sector considering that 1977.

These days, the specialized products and expert services of NASC are getting applied in numerous operational theaters all-around the environment.

As for the Espresso & Ideas celebration, “It’s wonderful just to all get collectively in particular person,” he reported. “NASC is a substantial community group and anything at all we can do to aid our
group, and Oneida County, we do.”

Even if attendees only have time to get a cup of coffee and continue to be five minutes, “This is a good position to share tips, and network with like-minded men and women,” explained Tallman. Attendees may perhaps talk about “how they can collaborate, operate with each other and make connections to access their objectives. You hardly ever know who you may perhaps fulfill right here.”

For companies contracted with the Office of Defense that may perhaps want to master how to operate collectively to benefit each other, “this aids break obstacles,” the group manager additional. The ambiance is of “casual dialogue, and those people in the marketplace can even examine how to trouble-shoot with workforce development” and other difficulties.

“We

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