NovaResp Raises $2M

Halifax medtech startup NovaResp, which is developing an algorithm to help manage sleep apnea, has raised a $2 million funding round led by pre-seed venture capital firm Concrete Ventures as it eyes commercialization in 2024.

Invest Nova Scotia also bought in, alongside angel investors, including several repeat-backers. In a statement, NovaResp described the raise as “seed plus funding”

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Impactful Health Among Halifax Business Award Winners

Three innovation economy players took home silverware Thursday night at the Halifax Business Awards, hosted by the city’s chamber of commerce.

ESG Partners, an environmental, social and corporate governance consulting firm, won New Business of the Year. Impactful Health R&D, which is developing antimicrobial packaging for fish, won Innovative Business of the Year. And Nautel, one of the world's

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Genesis Recognized by UBI Global

Stockholm-based business intelligence company University Business Incubators Global, or UBI, has named Memorial University’s Genesis startup hub as a “top challenger” for its annual list of the top 10 university-affiliated startup incubators internationally.

Genesis is one of only three North American universities to be named as top challengers — UBI’s term for incubators that stand out within

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Mature Entrepreneurs, Immigrants Make Strong Showing at Propel

Immigrant founders and veteran entrepreneurs are making a strong showing among remote startup accelerator Propel’s resident companies, as the organization mobilizes to meet spiking demand for its services.

Founders over the age of 40 will make up about 40 percent of the entrepreneurs Propel works with during the fiscal year ending in March, and second-time founders have increased from 41 percent

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A Note to New Founders

If you founded or co-founded a startup in Atlantic Canada in 2022, this note is addressed to you.

We're adding new startups to our databank and we want to make sure we have as many new companies as possible, including those still in stealth mode. 

At Entrevestor, we publish an annual Startup Data Report, sponsored by both private and public sector entities and thereby free for anyone to read,

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Innovation PEI Funds 5 Companies

Five startups received grants of $25,000 each from Innovation PEI last fall as part of its Ignition Fund, the agency has announced.

Launched in 2014, the fund has so far backed 80 companies. Several of this round of recipients, including Jems Boutique and Knit Pickers PEI, are established small businesses that are now launching more ambitious and scaleable projects.

Here’s a look at the latest

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Pressto Opens Early Access for Classroom AI

Pressto, the New York- and Halifax-based maker of edtech software, has opened early access to its artificial intelligence system for teachers.

The system offers teachers personalized prompts for their students, as well as generating lesson plans, vocabulary and feedback tailored to each youth’s abilities and interests.

Pressto, founded by former magazine publisher Daniel Stedman, is a web app

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Cascadia Seaweed Eyes $10M Raise

Having refocused its business on products for farmers, Cascadia Seaweed is setting out this year to raise about $10 million to fund a bioprocessing plant and the exponential growth of its seaweed production.

The Sidney, BC-based company, which operates on the Pacific coast, has raised a total of about $7.5 million since it launched in 2019, mainly from angels, but now CFO Rob Napoli and CEO

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