Spark Contest Seeks N.S. Business Ideas

The 2024 Spark Nova Scotia competition is open and seeking people with innovative business ideas to vie for up to $50,000 in startup funding. 

Training sessions start April 30 and run throughout May. They are open to people with a business idea for an innovative product or service. After training, entrants will have until May 24 to apply for the competition.  A total of $90,000 is available

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Tuckamore Tech Wins Genesis Pitch Competition

Tuckamore Tech, which is developing augmented reality technology for firefighters, placed first at Newfoundland and Labrador startup hub Genesis’ Evolution Pitch Showcase this week.

Founded by mechanical engineering student Tyler Yard, Tuckamore aims to let firefighters view a thermal camera feed via a heads-up display, creating a hands-free version of a type of device already used by

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Lab2Market Oceans—Discover Launched

The Ocean Startup Project, along with Dal Innovates and the Transforming Climate Action research program are launching a new opportunity for researchers at Canadian universities called Lab2Market Oceans -- Discover. 

The three-day program will help researchers explore their ideas to identify how to create more value and impact with their research through potential commercial or collaborative

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Risley’s Project Nujio’qonik Wins Environmental Nod

John Risley’s World Energy GH2 has won the long sought-after environmental approval it needs to move ahead with a massive, 328-turbine wind energy and hydrogen production facility near St. George’s Bay, Newfoundland and Labrador.

The Newfoundland and Labrador government on Tuesday gave its approval for GH2’s Project Nujio’qonik. Last fall, the province had delayed granting its sign-off, instead

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US Company Agrees To Buy Appili

Halifax-based drug discovery company Appili Therapeutics has agreed to be acquired by Richmond, Virginia-based Aditxt for C$16.8 million in cash, stock and assumed debt, though the acquirer has to raise US$20 million to close the deal.

Last week, the two companies jointly announced the sale agreement, which is denominated in U.S. dollars and will pay Appili investors 4.7 US cents in cash plus

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Swiftsure Lands $149K in Provincial Funding

Pasadena, NL-based medtech company Swiftsure Innovations has received $149,000 in funding from the Newfoundland and Labrador government to help finance its second clinical trial at the Cleveland Clinic.

The provincial government’s Industry, Energy and Technology Department issued a press release on Thursday saying the money would complement a $210,000 commitment from the company for a total

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Potential Entering Commercialization

Potential Motors, the Fredericton-based maker of control software for off-road vehicles, has now logged more than 3,000 hours of real-world testing of its systems, including the first round of customer trials under its deal with manufacturer CFMOTO Powersports.

In its latest quarterly report — published voluntarily, since Potential is privately held — the company says it is entering

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TrojAI Could Double Staff in 12 Months

Veteran cybersecurity executive Lee Weiner’s appointment as TrojAI CEO reflects what management sees as a chance for the Saint John startup to become a central player in the artificial intelligence ecosystem, Co-Founder James Stewart said Thursday.

In an interview, Stewart said key decision-makers in both government and the large, private enterprises that are core to TrojAI’s business are

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TrojAI Raises C$7.8M

TrojAI, the Saint John maker of security software for artificial intelligence systems, has raised US$5.75 million or C$7.77 million and appointed a new CEO, veteran cybersecurity executive Lee Weiner.

The deal was led by Seattle's Flying Fish Ventures, a returning investor that also co-led a C$3 million raise from 2022, with Techstars and Halifax’s Build Ventures similarly upping their existing

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