Outcast Expands with NSBI Rebate

 Halifax-based Outcast Foods is increasing its production of upcycled food products with the support of a $500,000 rebate from Nova Scotia Business Inc.

Outcast, which calls itself the global leader in scalable food waste reduction, will use the money to expand its Nova Scotia facility.

The company has been growing rapidly and recently closed a $10 million funding round, half of which came

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Earth Day 2021 Sees Cleantech Taking Root

With humanity facing enormous environmental challenges such as rising temperatures and pollution from micro-plastics, cleantech is an increasingly important sector globally.

Atlantic Canada is no different, and the region has been nurturing some fine companies. As we celebrate Earth Day, we want to shine a spotlight on the founders of five up-and-coming Atlantic Canadian cleantech companies, who

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Carnegie Acquires Zorbit’s Math

Zorbit’s Math, a St. John’s-based provider of educational software, has been acquired by Carnegie Learning of Pittsburgh for an undisclosed price.

Under the deal, which the parties announced Tuesday, Zorbit will become Carnegie’s Canadian office and its St. John’s-based team will continue with development and sales activities. None of the 34 Zorbit employees is being laid off.

Having developed

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“Tech for good” Startups Join Venn Garage

Seven early-stage New Brunswick startups that use technology for social good have made the province's Venn Garage incubator program. Problems addressed range from reducing the impact of Covid on local businesses to bringing safe and reliable drinking water to communities. 

The startups were chosen after pitching at Venn’s virtual Open Pitch competition. Participating benefits include mentorship,

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Cape Privacy Raises US$20M

Cape Privacy, which provides machine learning solutions for encrypted data, has raised US$20 million (C$25 million) to help develop its platform and find more clients in financial services and other markets.

The broadly subscribed funding round was led by Evolution Equity Partners, which is headquartered in New York and Palo Alto.

Cape Privacy, which booked a US$5 million seed round last year,

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Millennia Tea Selling Across Canada

Millennia Tea has expanded its relationship with Sobeys so its frozen tea product, which is rich in antioxidants, is now available in the supermarket chain’s outlets across the country.

The Saint John company began selling in 10 Sobeys stores in New Brunswick last year, as part of the supermarket chain’s Support Local program. The product proved so popular that it is now available at Sobeys and

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CarbonCure Wins Carbon XPRIZE

Halifax’s CarbonCure Technologies is a co-winner of the US$20 million NRG COSIA Carbon XPRIZE, a five-year competition to find the world’s best products that use carbon dioxide.

As one of two winners, CarbonCure will receive a prize of US$7.5 million (C$9.4 million). The Halifax company was also one of the 10 finalists in 2018 and thus already received a US$500,000 interim prize. The other

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S2G Backs ReelData with $2.5M

Halifax-based ReelData has closed a $2.5 million funding round provided by S2G Ventures' Ocean and Seafood Fund, which will help it scale its artificial intelligence product for land-based aquaculture.

Land-based aquaculture is an embryonic form of fish-farming, but it’s also fast growing, and ReelData plans to have an essential product for the industry as it becomes mainstream.

In linking up

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