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.

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.

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

As Ukraine’s healthcare system grapples with the effects of the war, its cardiologists are receiving a helping hand from an unlikely source: St. John’s-based Sparrow Bioacoustics.

Led by CEO Mark Attila Opauzsky, Sparrow has been piloting its

Amid an upswell of AI startups focused on finding new uses for large language models, St. John’s-based atlantiq AI hopes to distinguish itself by offering software that automates day-to-day tasks for small businesses, like lead generation.

Founder

The Ocean Startup Project has a new Executive Director: Memorial University biologist Paula Mendonça, who was previously seconded to the bluetech industry group from her role as the school’s Director of Innovation and Entrepreneurship.

Mendonça

Two companies that graduated from the University of New Brunswick’s Energia Ventures startup program this month, Chick Pick and Solyntek, are receiving $50,000 each from the New Brunswick Innovation Foundation as part of its backing for the

A Nova Scotia oyster farm is retooling its business model with the help of a novel financing method.

Sober Island Oysters is aiming to borrow $100,000 from investors on Goparity Canada, a British Columbia-based impact investing platform that lets

Rothesay, New Brunswick-based Aerial Vehicle Safety Solutions has won approval from the United States’ Federal Aviation Administration for its parachute systems to be used as a “means of compliance” for drone operators to meet legal requirements

Michelle Simms, the longtime CEO of Newfoundland and Labrador startup hub Genesis is stepping down from the role, she announced Tuesday.

Simms, who has worked at Genesis for 22 years and been Chief Executive since 2016, said in a social media post

PolyUnity has signed a five-year deal with the Ottawa-based Children’s Hospital of Eastern Ontario, or CHEO, building on a 2022 and 2023 trial that saw 460 damaged pieces of equipment repaired with the St. John’s startup’s 3D printing technology.

For the second quarter in a row, St. John’s-based Kraken Robotics has posted record revenue figures, revealing it brought in $28 million for the three months ended Dec. 31, a 218 percent increase over the same quarter the year prior.

Seventy