Fredericton electric vehicle startup Potential Motors has raised US$3.2 million or C$4.07 million from investors that include Montreal- and Toronto-based Brightspark Ventures and Marc Benioff’s TIME Ventures.

Founded in 2018 by a team of engineering students from the University of New Brunswick — Michael Barnhill, Nick Dowling, Isaac Barkhouse and CEO Sam Poirier — Potential is developing

Sally Ng, Chief Operating Officer for newly created BIPOC industry group Tribe Network, has been nominated for the Women of the Year award from Ryerson University startup incubator the DMZ.

New this year, the award will honour International Women's Day on March 8 and has a 32-person shortlist that also includes Martha Casey, CEO of Halifax startup hub Volta.

Ng is a serial entrepreneur and

Nova Scotia Health Authority is launching its new Innovation Hub, which has a mandate to partner with the private sector on technology and research initiatives and is helmed by former Dalhousie University professor Gail Tomblin Murphy.

Tomblin Murphy spent a decade and a half running Dalhousie’s Centre on Health Workforce Planning and Research, which is backed by the World Health Organization

A consortium of companies – some backed by billionaire John Risley – has unveiled a $65 million project that aims to produce low-carbon marine fuel made out of waste from forestry and agriculture.

Canada’s Ocean Supercluster on Tuesday announced the project, officially called the Clean Ocean Advanced Biofuels Project, and will contribute $5.7 million.  The private members of the consortium with

The federal government’s Sustainable Development Technology Canada, or SDTC, has announced that it will give $52.3 million in grants to a slate of companies whose technology could help the country meet its climate goals, with Atlantic startups receiving a total of $3.7 million.

The four Atlantic companies receiving funding are Kraken Sense, Chinova Bioworks, ReelData and Rayleigh Solar Tech.

Halifax’s KorrAI, which uses artificial intelligence to help assess satellite images of mining sites, has joined the latest cohort of Y Combinator, arguably the world’s most prestigious tech accelerator.

The AI company joined the accelerator’s cohort this month, receiving a US$500,000 (C$636,000) investment as part of the program. Co-Founder and CEO Rahul Anand said in an interview he hopes the

Truro’s Clever Fruit Products, which is developing new berry-based food ingredients, has landed a spot in Emergence, the Atlantic Canadian bioscience incubator.

Founded in 2017 and led by President Liam Tayler and Executive Chairman Sean Sears, Clever Fruit was originally a juice-maker before the team discovered a process that ferments fruit into a powder that can be added to foods to enhance

Canada’s Ocean Supercluster has announced a basket of five projects worth a combined $29 million, of which the Supercluster will pay $12.52 million, with the participating companies spread across Nova Scotia, Ontario and British Columbia.

CEO Kendra MacDonald said in an interview last month that the Supercluster had signed deals for projects worth the bulk of the $153 million that the federal

When health insurance giant Green Shield Canada bought virtual therapy startup Tranquility Online in August, the players stayed mum on the specifics of the deal. But at an event Thursday, Tranquility Co-Founder Joel Muise told the story of the acquisition for the first time.

Tranquility, still based in Halifax under Muise’s leadership, offers a website and app that provide a digital version of

In the past year, Fredericton fintech specialist Passiv has raised an $800,000 funding round, grown its assets under management to nearly $2 billion and been accepted into the globally recognized Y Combinator startup accelerator.

Passiv has developed a web app that uses the APIs -- backend programming interfaces for connecting to software -- of securities brokerages to offer automated portfolio