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NACO Calls for New Investment Environment

  • Apr 29, 2025
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Altheda Working on Anti-Aging Products

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EmployNXT, qualiTEAS Draw Accelerator Plaudits

  • May 01, 2024
  • Avery Mullen

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

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Tribe to Host Youth Climate Pitch Competition

  • May 01, 2024
  • Avery Mullen

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

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Kraken Robotics Raises $17.5M

  • Apr 29, 2024
  • Avery Mullen

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.

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13 Companies Join Accelerate

  • Apr 29, 2024
  • Avery Mullen

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.

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Halifax Cleantechs Pre-Sell Carbon Credits to MaRS

  • Apr 29, 2024
  • Avery Mullen

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

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Sparrow in Ukraine

  • Apr 28, 2024
  • Avery Mullen

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

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Atlantiq AI Wins Clients, Launching App

  • Apr 25, 2024
  • Avery Mullen

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

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Mendonça Takes Helm at Ocean Startup Project

  • Apr 25, 2024
  • Avery Mullen

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

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Chick Pick, Solyntek Receive $50K from NBIF

  • Apr 24, 2024
  • Avery Mullen

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

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NS Oyster Farm Taps Outside-the-Box Funding Partner

  • Apr 23, 2024
  • Avery Mullen

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

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AVSS Wins FAA Nod

  • Apr 23, 2024
  • Avery Mullen

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

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Genesis CEO Michelle Simms Bows Out

  • Apr 22, 2024
  • Avery Mullen

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

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