Potential Motors, the Fredericton maker of control software for off-road electric vehicles, has raised $2 million as CEO Sam Poirier looks to scale the company’s technical capacity in anticipation of major production deals with manufacturers.

The

It must be a decade ago that Ross Simmonds began espousing his DREAM mantra in his marketing seminars. It stood for “Distribution Rules Everything Around Me.”

Years have passed and Simmonds is still preaching about the importance of distribution,

Two East Coast businesses, Halifax’s EmployNXT and St. John’s-based qualiTEAS, will participate in events hosted by startup support organizations outside Atlantic Canada in the coming weeks.

EmployNXT, which sells an AI system that matches

Tribe Network, the Halifax-based startup house focused on supporting BIPOC founders, will award $15,000 at the finals of its Youth Climate Pitch Competition on May 9.

Slated to be held at Tribe’s offices on Barrington Street at 1:00 p.m., the event

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