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 CVCA released its VC data for 2024 showing the funding for the four East Coast provinces fell 15 percent from the previous year. The one bright spot

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 robotics over his 10-year tenure, before retiring in December 2022.  

“An ideas man and a builder, Karl’s energy was as relentless

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 has included a stint as a mentor with TechStars in New York. He is now working on an initial fund of between $1 million and $3 million to provide

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 hope of later growing across Canada.  

SudDrop collects dirty laundry from homes and businesses. It was the experience of trying to fit laundry into

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 findings about the number of startups with more information on funding and other metrics. Our response is simple: we need more startup CEOs filling in

The fifth cohort of Ocean Startup Project’s Lab2Market Oceans/Validate program has begun work with 21 new teams that aim to tackle challenges in the blue economy.

The eight-week program, hosted by Memorial University in Newfoundland and Labrador, is designed to cultivate an entrepreneurial mindset among postdoctoral fellows, graduate students, and faculty.

By providing expert-led training,

There’s a troubling metric we’re discovering as we work on our next Atlantic Canada Startup Data report. For the first time, the startup community appears to be shrinking. As of right now, we have 732 innovation-driven companies in the Entrevestor Databank, a drop of 11 percent from a year ago.

These are only preliminary numbers and we hope to hear about more new companies from their founders or

Invest Nova Scotia and partners are seeking early-stage agri-technology and bioeconomy companies to apply for GreenShoots programming.

GreenShoots is for companies in the agriculture, agri-food, bioeconomy, clean technology, and related sectors and is offered by Invest NS, the Greenspring Bioinnovation Hub and Bioenterprise Canada. 

Successful applicants will receive up to $40,000 in

The technology created by Halifax medtech startup MIMOSA Diagnostics has been acknowledged as an assessment tool by U.S. Medicare and Medicaid providers, allowing the company to scale south of the border.

In November of last year, U.S. Medicare and Medicaid accepted the portable imaging solution the MIMOSA Pro as a tool to be used in assessing patients prior to the use of skin substitutes in

The competition that trains student venture capitalists in real world situations is going national with student entrepreneurs from across the country arriving to pitch their businesses to young venture capitalists in Halifax.

Until now, the regional Venture Capital Investment Competition, now in its eighth year, has only featured entrepreneurs from the Atlantic region. This year, the 12 teams of