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Kraken Robotics Buys PanGeo

  • Jul 21, 2021
  • Avery Mullen

St. John's-based Kraken Robotics said Wednesday it has inked a deal to raise $10 million by selling shares to a consortium of underwriters led by investment bank Canaccord Genuity Corp. It will also buy another Newfoundland and Labrador company, 

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NovaResp Readies QEII Trial

  • Jul 21, 2021
  • Avery Mullen

Halifax-based respiratory therapy startup NovaResp has received Health Canada approval to conduct an “interventional study” at the city’s Queen Elizabeth II hospital, testing its sleep apnea treatment on 25 patients with the condition.

Founded by

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Coloursmith Labs Raises $2M

  • Jul 20, 2021
  • Peter Moreira

Halifax’s Coloursmith Labs, which is developing advanced optical  filters for contact lenses and eyeglasses, has closed a $2 million equity round, led by the female-focused investment fund, Sandpiper Ventures.

Sandpiper on Tuesday issued a press

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Genesis Launches Intermediate Accelerator

  • Jul 19, 2021
  • Avery Mullen

St. John’s-based startup hub Genesis has launched a new, intermediate-level accelerator to fill a gap between its Evolution program for early-stage companies and its Enterprise program for more advanced startups.

Dubbed Evolution+, the new

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3D BioFibR Preps Collagen Product

  • Jul 18, 2021
  • Peter Moreira

You really get an idea of how cool 3D BioFibR is when CEO Kevin Sullivan starts talking about bulletproof T-shirts.

Halifax-based 3D BioFibR aims to produce commercial quantities of nature’s “strongest, lightest and toughest” materials. The company

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GSTS Expands Testing Consortium

  • Jul 15, 2021
  • Avery Mullen

Dartmouth-based Global Spatial Technology Systems, which is developing cloud software for analyzing and predicting the movements of ships, has added three new members to its OCIANA Port Optimization Consortium -- a group of ports and marine industry

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Three Pitch Competitions Coming Soon

  • Jul 15, 2021
  • Avery Mullen

Three Atlantic Canadian startup support organizations will hold pitch competitions in the coming weeks: Halifax’s Volta, Moncton’s Venn Innovation and St. John's-based Genesis.

Startup incubator Volta will hold its quarterly pitch competition on

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Five Companies Pitch at Summer Institute

  • Jul 15, 2021
  • Avery Mullen

The University of New Brunswick held the virtual demo day Thursday for its Summer Institute accelerator, with five companies pitching.

Most startup accelerators teach lean methodology to innovation-driven businesses. The Summer Institute takes a

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Survey Reveals Struggles of Black Female Founders

  • Jul 14, 2021
  • Carol Moreira

Black female entrepreneurs have particular difficulty accessing funding, although many are highly educated and their ventures are growing, a national survey has found.

The FoundHERs survey, conducted by market research firm Pitch Better Canada,

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Energia Stages Demo Day

  • Jul 14, 2021
  • Avery Mullen

Fredericton startup accelerator Energia Ventures held a demo day for its spring cohort Tuesday, showcasing a roster of six companies that focused heavily on sustainable technology.

Energia is overseen by the University of New Brunswick’s

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Greenlight Raises $300K

  • Jul 13, 2021
  • Avery Mullen

Halifax cannabis testing startup Greenlight Analytical has raised nearly $300,000 of equity funding in a significantly oversubscribed seed round.

When the company bagged a $374,000 loan from the Atlantic Canada Opportunities Agency last year, the

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IMV Preps for 2 Phase 2B Trials

  • Jul 13, 2021
  • Peter Moreira

IMV, the Dartmouth-based drug discovery company, is planning two Phase 2B trials in the coming months that it hopes will be key steps in bringing its lead compound DPX-Survivac to the market in a few years.

Though its shares have been languishing

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