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Trophi.ai Wins Provincial Funding

  • Jan 04, 2024
  • Avery Mullen

St. John’s-based Trophi.ai has received $548,000 of funding from the Newfoundland and Labrador government to help de-risk commercialization of its artificial intelligence-based coaching software for auto-racing simulators and other video games.

The

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The Startup Stories We’ll Be Watching in ‘24

  • Jan 02, 2024
  • Avery Mullen

Increasing startup failures, a divided venture capital market, the rise of artificial intelligence and the shaky future of federal funding apparatus Sustainable Development Technology Canada are among the stories we will follow closely in 2024.

For

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Happy Holidays to All our Readers

  • Dec 21, 2023
  • Peter Moreira

Today, we’re posting our final articles for 2023 as we begin our annual end-of-year holiday.

We’re putting down the phones and shutting down the laptops for a few days, as we do every year at this time. We will begin reporting news again on Jan. 3.

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LadderSpike Plans First Deliveries Next Quarter

  • Dec 20, 2023
  • Avery Mullen

The holiday season could soon be a little safer thanks to St. John’s-based LadderSpike.

Founded by Jordan Spencer and Dale Kean, the company has developed a footing system for ladders that drives spikes into the ground for improved stability.

The

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Potential Motors Inks Testing Deal With U.S. Manufacturer

  • Dec 20, 2023
  • Avery Mullen

Fredericton’s Potential Motors has inked a testing deal with Minnesota-based CFMOTO Powersports, which sells ATVs and other off-road vehicles, to integrate Potential’s vehicle control software into CFMOTO’s vehicles.

The companies said in a

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Veer Group Secures €50M Project Financing

  • Dec 19, 2023
  • Avery Mullen

Veer Group, the Lunenburg, NS, startup that plans to build hydrogen- and wind-powered container ships, has signed a €50 million, or about C$73.2 million letter of intent with a European backer to finance its first two vessels.

Founded by shipping

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Picketa Adds Corn Crop Analysis to LENS

  • Dec 19, 2023
  • Avery Mullen

Fredericton-based Picketa Systems, maker of the LENS hardware and software suite for analyzing plant tissues, is expanding the system’s capabilities to include analysis for corn crops, in addition to its original focus on potatoes.

The upgrade will

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Atlantic Canadian VC: Year in Review

  • Dec 18, 2023
  • Avery Mullen

With Atlantic Canadian startups raising more than $237.6 million in equity funding this year, improving on last year’s total, the region’s venture capital landscape remains bifurcated between established businesses with traction and young startups

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Invest NS Seeks Applicants for Commercialization Fund

  • Dec 18, 2023
  • Avery Mullen

Invest Nova Scotia is looking for applicants to the winter cohort of its Early Stage Commercialization Fund for university research, which offers startups up to $50,000 of funding.

The money can go towards assessing a product’s market potential,

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Halifax Partnership Backs 6 Foodtech Projects

  • Dec 17, 2023
  • Avery Mullen

The Halifax Partnership has announced the six winners of its Circular Food Solution Challenge, which will each receive $5,000 to pilot or test circular economy technologies for the food sector over the next three months.

The competition was hosted

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ASETS-CA Raises Seed Round

  • Dec 15, 2023
  • Avery Mullen

ASETS-CA hopes to make engineering work as simple as playing a video game, according to CEO Ashwini Oke, and the Fredericton maker of computer-aided design, or CAD, software now has significantly more funds with which to achieve that goal after

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Woveo Raises $2.3M

  • Dec 15, 2023
  • Avery Mullen

Fintech startup Woveo, which was originally founded in P.E.I. and is now headquartered in Calgary, has raised a $2.3 million seed round.

Woveo is a platform that lets users pool their money and take turns borrowing from the collective fund without

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