ACOA Backs Six Life Science Startups

Six life sciences startups are receiving almost a combined $3 million worth of loans from the Atlantic Canada Opportunities Agency to expand their product offerings, scale production and tap new markets.

“This funding has been instrumental in advancing our commercial go-to-market strategy in the US, which represents almost half of our target market,” said Alex Dunphy, CEO of Halifax-based

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Tribe Network Reflects on First Year

Tribe Network, the Halifax-based startup support organization for BIPOC entrepreneurs, grew to include 930 members during its first year of public-facing activity, as well as distributing more than $500,000 of grants and program funding to other organizations.

Chief Executive Alfred Burgesson told the Tribe Leaders Summit on Wednesday that his team is finding traction within both the innovation

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Shoelace To Host Education Summit

Halifax-based edtech company Shoelace Learning later this month will host a summit of leaders in education, artificial intelligence and diversity to delve into education in the age of AI.

Called Windows and Mirrors: Meeting of the Minds, the summit will take place in Wentworth, NS on Oct. 24 and 25. The proceedings will be filmed by Dave Culligan of Halifax video company threesixfive.

The

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Glas Ocean Raises US$2M

Glas Ocean Electric’s US$2 million, or C$2.75 million, seed round will offer the Halifax startup a new level of flexibility compared to the project-based funding it has tapped in the past, according to CEO Sue Molloy.

Founded by Molloy in 2016, Glas Ocean has developed an electric propulsion system for boats. So far, the company has installed its technology on three vessels, and Molloy said the

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Genesis Announces Enterprise Graduates

Genesis has announced six graduate companies from its flagship Enterprise accelerator, including four women-led companies, which represents a new record for the St. John’s-based startup hub.

Enterprise targets companies looking to reach $1 million in annual revenue, and which have a minimum viable product and traction in the marketplace. They also must have completed Genesis’s intermediate-level

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ideaBUILD Announces Cohort

Dalhousie University’s Emera ideaHUB has announced the 10 companies accepted into the latest cohort of its ideaBUILD accelerator, with startups ranging from a maker of tracking devices for marine safety to a sustainable manufacturing business.

Previously called simply BUILD, the program lasts 10 months and offers participating companies up to $10,000 of funding, as well as access to training

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Newfoundland and Labrador Seeks Carbon Sequestration Tech

The Newfoundland and Labrador government is looking for applicants to its newly announced CCUS Innovation Challenge, which stands for carbon capture, utilization and storage.

Specifically, Newfoundland is offering up to $3 million for research and development work on technologies to decarbonize the province’s offshore energy sector, as well as another $3 million to transform it into a regional

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PLAEX, SmartSkin, Picketa Honoured at InnovateNB Awards

Nine New Brunswick innovation economy players, including such innovation-driven companies as building materials startup PLAEX and industrial internet-of-things specialists SmartSkin, were honoured Thursday at the InnovateNB Awards.

Held at the Beaverbrook Art Gallery in Fredericton, the awards were part of the annual InnovateNB gathering, which included a full day of workshops and community

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