PEI BioAlliance Announces $50M BioAccelerator

A $50 million funding package to create a new BioAccelerator life sciences hub on Prince Edward Island, announced Friday, is set to become the largest single investment in economic development infrastructure in the province’s history.

Spearheaded by industry group the PEI BioAlliance, the BioAccelerator will include 75,000 square feet of space for biomanufacturing research and manufacturing

Continue Reading

City of Fredericton Plans Boost Ideation Camp

For a week this March, entrepreneurs, students and researchers will gather in Fredericton for the city’s Boost Ideation Camp with the aim of developing new ways to track and reduce the city’s greenhouse gas emissions.

Backed by Fredericton business incubator Planet Hatch and economic development agency Ignite Fredericton, the event will choose applicants partly based on whether they have

Continue Reading

CarbonCure, Heirloom Manage World First for Carbon Capture

Dartmouth’s CarbonCure Technologies has managed to successfully sequester atmospheric carbon dioxide in concrete as part of a joint project with Brisbane, California-based Heirloom, in what both companies have described as a world first.

CarbonCure already sells technology to inject carbon dioxide into concrete, sequestering it and strengthening the end product. What makes the Heirloom project

Continue Reading

SiftMed Raises $2.7M

St. John’s-based SiftMed, which sells software for cleaning up disorganized medical records, has raised a $2.7 million seed round led by the Atlantic Canadian female-focused VC fund Sandpiper Ventures

Chief Executive Holly Hill said in an interview she plans to use the money to hire more staff, as well as for product development and accelerating already-underway commercialization efforts.

Continue Reading

The Rounds Raises $1.6M in Follow-On Funding

Halifax-based social network for medical professionals The Rounds has closed two follow-on investments to a prior Series A funding round, bringing the company's total capital raised since its founding in 2012 to around $9.4 million.

The latest tranche of funding saw Atlanta-based Panoramic Ventures, which led the Series A, and Invest Nova Scotia both re-up their stakes, investing a combined $1.6

Continue Reading

Myomar Molecular Eyes Patent, Crowdfunding

Halifax biomarker-testing startup Myomar Molecular is ramping up clinical trials and preparing to file a patent application, as it eyes a possible crowdfunding campaign to raise capital later this year.

Myomar, which is developing a urine test to monitor muscle degeneration, was founded in 2021 by Dalhousie University biochemist and molecular biology PhD Rafaela Andrade. The company just raised

Continue Reading

11 Bluetech Firms Present at Impac5

Eleven bluetech startups from around the world presented at the IMPAC5 conference in Vancouver on Monday, showcasing how they can help to protect marine environments.  

Startups and social enterprises were invited to present their ideas for enhancing the viability or creation of marine protected areas, or MPAs – designated areas that need established protection for long term conservation of

Continue Reading

NEXT Summit Coming March 2

Invest Nova Scotia, the successor to recently amalgamated provincial venture capital Crown corporation Innovacorp and business development corporation Nova Scotia Business Inc., will hold this year’s NEXT conference March 2.

The NEXT Nova Scotia Business Growth summit is a day-long virtual event that addresses issues faced by businesses of all sizes. Before the provincial government created

Continue Reading