Cribcut, whose online platform connects mobile hair stylists and clients, has raised $1.06 million in equity funding to help finance its expansion across Canada and the U.S.

The Halifax company issued a statement saying that it has closed a second pre-seed round of $800,000, bringing its total pre-seed funding up over the million-dollar mark.

Investors in the round include Ramen Ventures,

Mara Renewables Corp. has received a $3 million conditional loan from the federal government to research the best ways to produce commercial quantities of algae-based nutritional supplements.

The government announced last week that the Atlantic Canada Opportunities Agency would lend $3 million to the Dartmouth company through its Atlantic Innovation Fund, which finances large research projects.

Montreal-based Fonds de solidarité FTQ has invested $5 million in Dartmouth-based immunotherapy company IMV as part of the company’s recent public offering, which raised almost $30 million.

It is the second investment in IMV by the Fonds, which has almost $15 billion in assets and channels Quebecers’ savings into investments. It previously invested $5.75 million in the company in February 2018.

Michael Durland, who has invested in some of Halifax’s leading startups, has been named the new Chancellor of St. Mary’s University, succeeding Paul D. Sobey.

Durland is best known as the former Group Head and CEO of Global Banking and Markets for Scotiabank. Since he retired from Scotiabank in 2016, he has been increasingly active in entrepreneurship in Atlantic Canada, investing in startups

TotaliQ of St. John’s is searching for a Senior Cloud Platform Developer – someone who is able to work remotely.

TotaliQ has produced a knowledge-sharing online platform that lets a company’s employees share their expertise with one another to improve corporate efficiency. It was founded in 2018 by Andrew Sinclair, who’d spent 15 years in the engineering, construction and natural resource

As it sets out to raise $700,000 in debt capital, St. John’s-based SucSeed is looking to build on its proven strategy of selling its vegetable-growing kits to schools and school boards.

The company makes hydroponic grow kits that help people grow nutritious vegetables indoors. It has booked about $500,000 in sales since the end of 2016 and those sales are growing – mainly because the venture has

Victoria Lennox, the head of Startup Canada since its inception, is taking on a new development role within the national entrepreneurship support group, meaning the group is now looking for a CEO.

Lennox was the driving force behind Startup Canada when it began in 2012 and has been the CEO ever since. Now she believes her talents are more useful as the organization’s new president, where she

The New Brunswick Innovation Foundation has named the finalists for its 2018-2019 Breakthru entrepreneurship competition.

The provincial innovation agency said Tuesday the five teams will compete for the Grand Prize, Second Place and the CBC Viewers’ Choice awards, with prizes ranging from cash investments by the NBIF and Opportunities New Brunswick to professional services from contributing

A team of researchers in Halifax are on the brink of releasing a pocket-sized medical device that can generate test results in mere minutes, using only a pinprick of blood.

Alentic Microscience is a Halifax-based microscopy company that has developed a new imaging device that instantly reads patients’ results at the point of care, using only a drop of fluid, without the need for bulky

Charlottetown-based drug-manufacturer BioVectra Inc. on Monday announced a five-year, $144.6 million expansion project in its facilities on P.E.I. and in Windsor, N.S.

The company issued a statement saying the funding will include a $37.5 million contribution from the federal government’s Strategic Innovation Fund – the fund’s largest financing ever in Atlantic Canada.  

BioVectra is a contract