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PEI Bio Sector Revenues Rise 84% in 5 Years

  • Feb 27, 2025
  • Peter Moreira

Revenues by private companies in the Prince Edward Island bioscience cluster logged in at $612 million in 2023, marking an increase of 84 percent since 2018, said the PEI BioAlliance in a statement.

The umbrella organization for the bioindustries

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PEI Unveils New Tech Hub

  • Feb 26, 2025
  • Carol Moreira

Charlottetown’s latest innovation space, The Foundry, opened this week with an investment of $855,000 from the Atlantic Canada Opportunities Agency and $712,500 from the province.

The Foundry, which is run by the PEI IT Alliance, will support the

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NB’s ConnexionWorks, CBDCs Land ACOA Funding

  • Feb 25, 2025
  • Carol Moreira

The Atlantic Canada Opportunities Agency has invested $545,249 in Saint John-based entrepreneurship hub ConnexionWorks and $3,007,434 in 10 New Brunswick Community Business Development Corporations and its association.

The ConnexionWorks funds

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Cape Breton Capital Backs Aeon Blue

  • Feb 25, 2025
  • Peter Moreira

Aeon Blue Inc., the Cape Breton green fuel and carbon capture startup, has raised $195,000 in equity funding from the Cape Breton Capital Group to help the company establish its first facility in 2027.

Based in Sydney River, Aeon Blue specializes

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Enactus Regionals Coming to Halifax

  • Feb 24, 2025
  • Carol Moreira

Halifax will see 18 post-secondary student teams showcase their projects at the Enactus Canada Atlantic Region Competition Feb 27 and 28.

Enactus Canada is a charity providing programs focused on inspiring post-secondary students to initiate and

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Virtual Hallway Partners with IWK Health Genetics

  • Feb 22, 2025
  • Carol Moreira

Halifax-based physicians’ network Virtual Hallway and IWK Health Genetics have joined forces to boost genetic health education among healthcare providers and improve access to specialized genetic services.

The partnership is part of a 12-month

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Event Hub Launched by Startup Atlantic

  • Feb 20, 2025
  • Carol Moreira

Events for Atlantic Canada’s startup community are now being listed on an events calendar created by Startup Atlantic, a network of startup groups and accelerators.
The Startup Atlantic Event Hub is a one-stop shop for all startup events happening

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Atlantic Canada Raised $176M in VC in 2024

  • Feb 19, 2025
  • Peter Moreira

Startups in Atlantic Canada raised $176 million in venture capital in 2024, their weakest performance in four years, according to new data from the Canadian Venture Capital and Private Equity Association.

On Wednesday, the organization known as the

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Kraken Robotics’ Karl Kenny Mourned

  • Feb 19, 2025
  • Carol Moreira

St. John’s-based Kraken Robotics has announced the loss of its founder and former CEO Karl Kenny on February 11, at the age of 64.

Kenny founded Kraken in 2012 and was instrumental in building the company into a significant player in subsea

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TLT East Aims To Close Fund Feb. 28

  • Feb 18, 2025
  • Peter Moreira

A new Atlantic Canadian investment group is hoping to close its first fund this month, and make its first investment at about the same time.

TLT East Ventures is the brainchild of Michael Brown, a New Brunswick-born investment banker whose career

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SudDrop Expanding to Ontario

  • Feb 15, 2025
  • Carol Moreira

Halifax basketball player Jayrell Diggs is partnering with courier companies and laundromats to grow his SudDrop laundry service into new provinces.

The student athlete is expanding his laundry subscription service to Ontario this summer, with the

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We Need More Surveys for Better Data

  • Feb 13, 2025
  • Peter Moreira

Our column Wednesday about the decline in Atlantic Canadian startups sparked an interesting discussion on LinkedIn, with a related chat about whether AI and other factors are creating a wave of “solopreneurs”.

We had some requests to flesh out the

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