Springboard Atlantic, an industry network that aims to foster the commercialization of research, including by helping young businesses develop intellectual property strategies, is receiving $9.8 million of operating funding over the next three years from the Atlantic Canada Opportunities Agency.

The funding package, which includes an additional $5.2 million from Springboard’s member

Genesis, the Newfoundland and Labrador startup hub, is looking for applicants to the Summer 2024 cohort of its 10-week Evolution accelerator, which will start in June.

Genesis bills Evolution as a “pre-incubator” course meant to prepare young companies for longer programs, such as its own, three-year Enterprise incubator. Evolution promises to help entrepreneurs clarify their businesses’ value

Concrete additive-maker alterBiota will aim to grow its staff from nine people to 20 or more by the end of this year with the help of a $4 million equity funding round led by Invest Nova Scotia.

Chief Executive Mark Masotti, a chemical engineer who previously headed up Mitsubishi Canada’s business development operations for infrastructure projects, said in an interview the company has created a

Potential Motors, the Fredericton maker of control software for off-road electric vehicles, has raised $2 million as CEO Sam Poirier looks to scale the company’s technical capacity in anticipation of major production deals with manufacturers.

The raise includes returning investors Brightspark Ventures of Toronto, Build Ventures of Halifax and the New Brunswick Innovation Foundation, as well as a

It must be a decade ago that Ross Simmonds began espousing his DREAM mantra in his marketing seminars. It stood for “Distribution Rules Everything Around Me.”

Years have passed and Simmonds is still preaching about the importance of distribution, now in his new book Create Once, Distribute Forever. The book establishes concisely and effectively that distribution is the key to state-of-the-art

Two East Coast businesses, Halifax’s EmployNXT and St. John’s-based qualiTEAS, will participate in events hosted by startup support organizations outside Atlantic Canada in the coming weeks.

EmployNXT, which sells an AI system that matches employers with job applicants in a manner designed to guard against bias or discrimination, is part of the latest cohort of Calgary-based Movement51’s Founder

Tribe Network, the Halifax-based startup house focused on supporting BIPOC founders, will award $15,000 at the finals of its Youth Climate Pitch Competition on May 9.

Slated to be held at Tribe’s offices on Barrington Street at 1:00 p.m., the event is being hosted under a partnership with the Halifax Climate Investment, Innovation and Impact, or HCi3 Fund. Entry is open to competitors aged 16 to

St. John’s-based Kraken Robotics has announced a $17.5 million equity funding deal with a syndicate of investors led by Toronto’s Cormark Securities, with plans to spend some of the money in expanding its manufacturing capacity and physical capital.

The raise was a “bought deal” public offering, meaning investment bank Cormark and its partners have purchased the stock directly, rather than

Invest Nova Scotia has announced the 13 companies joining the latest cohort of its Accelerate startup program.

Now in its fourth year, Accelerate offers participating startups four months of business and technical training and $40,000 of funding. It is completely virtual and aimed at companies that have already established market opportunities for products based on science or engineering-related

Three of the five startups chosen to pre-sell carbon credits to Toronto’s MaRS Discovery District under its Mission From Mars program are based in Halifax -- Carbon Run, Planetary Technology and Gaia Refinery.

The pre-purchase deals will involve MaRS receiving the credits gradually over the course of the next three years, as the companies work to implement their nascent technologies. Although