PLAEX Building Systems, which converts waste into modular building blocks, is working on a $3 million raise as it prepares for a launch this summer.

The Moncton-area company has secured $1 million to date and is seeking an additional $2 million in equity financing to put it in a position to begin delivering its products to customers in the coming months. The funding will support the transition

Having won $100,000-plus in New Brunswick’s breakthru competition, Infralytics CEO Ethan MacLeod has his sights on developing his hardware and launching some pilot projects to help his young company grow.

At a sold-out event in Fredericton last week, Infralytics captured the first prize at breakthru, which was hosted by the New Brunswick Innovation Foundation. The company will receive a $100,000

AquaPath AI from the University of P.E.I. and Seagreen Solutions NB from the University of New Brunswick were the two big winners at the recent Student Pitch Competition at UNB.

The J. Herbert Smith Centre for Technology, Management and Entrepreneurship hosted the competition, which handed out $3,000 for each first prize, $2,000 for second and $1,000 for third.

Seagreen, which uses seaweed to

In two separate announcements, the Atlantic Canada Opportunities Agency has announced loans or grants totalling more than $17 million for eight companies in the St. John’s and Halifax areas.

The federal development agency said last week it was lending about $16 million to defence companies in Newfoundland and Labrador to help develop and manufacture critical equipment and technologies, and

St. John’s-based Kraken Robotics Inc. has increased the amount of money it is raising to support its acquisition of U.K.-based Covelya Group Limited to $402.5 million.

Earlier this month, the oceantech company announced the acquisition of Covelya for $615 million, and said it planned to sell $350 million of stock on the TSX Venture exchange to help finance the deal. Kraken followed up with a

If you head a young Atlantic Canadian AI startup, we need two minutes of your time.

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Infralytix, which improves infrastructure monitoring, took home the first prize and $102,500 in cash Thursday night at the finals of breakthru, the main competition for new startups in New Brunswick.

The two runner-up awards in the competition hosted by the New Brunswick Innovation Foundation went to Urai AI Corp. and Mulli Swing Solutions.

Breakthru was NBIF’s flagship event in the 2010s,

Invest Nova Scotia has announced the 12 startups they have selected for the 2026 to 2027 cohort of Accelerate.

This year, companies were accepted into one of two new streams: the Growth Stream and the Development Stream. In total, 12 Nova Scotia start-ups will receive tailored support, the group said.

Companies in the Growth Stream will receive $30,000 in funding plus dedicated sales training

Volta, the Halifax-based tech hub, has launched a new program called Sprint to help participants from across Atlantic Canada to develop AI-driven projects that are market-ready in just four weeks.

The organization on Tuesday announced the launch of Sprint, saying five cohorts are currently open for applications, with each limited to 10 participants.

Sprint is structured as a small-group,

Halifax-based Athena's Playground has launched a crowdfunding campaign to help boost the number and range of hobby-focused courses it offers online.

The startup’s platform has been created to allow users to embrace new skills and hobbies with ease, creating community, and overcoming the difficulties people often feel when getting started with a new interest.

“Our mission is to transform the way