The Atlantic Canada Opportunities Agency has lent $93,888 to Halifax-based OceanSync Data Solutions to help the company develop weather data solutions for the shipping industry.

The federal economic development agency issued a press release Friday saying it would lend the company the money through its Regional Economic Growth through Innovation program.

OceanSync will use the funds to test and

Sherbrooke, Que,-based Oneka Technologies has raised $5.5 million in a round of equity and non-dilutive funding led by Nova Scotia venture capital Crown corporation Innovacorp, and plans to establish a base in Atlantic Canada.

Founded in 2015 by mechanical engineer Dragan Tutic, Oneka manufactures wave-powered seawater desalination systems housed inside autonomous buoys. The company started as a

Fredericton Entrepreneurship hub Planet Hatch has bagged $164,000 in federal funding to expand its job training service, the Future of Work Skills Program.

The money will be provided by the federal government’s Future Skills Centre, which was created to retrain workers for the digital economy. Planet Hatch is one of 64 organizations chosen to administer the centre’s new initiative,

When video game technology company Swarmio Media filed a prospectus last month to go public on the Canadian Securities Exchange, it bucked convention by tapping public markets at a much earlier stage than most companies.

Now, CEO Vijai Karthigesu says the move was spurred by a growing appetite for small-cap stocks from Canadian investors and a dearth of Series A venture capital funding.

Swarmio

The PEI BioAlliance has released its 2021-25 Strategic Plan, setting in motion its plan to almost quadruple private sector revenue in the Island’s bioscience cluster to $1 billion within nine years.

Now 16 years old, the BioAlliance is a collaborative organization that harnesses the talents of the private sector, government and academia to develop a thriving bioscience sector on P.E.I.

Within

The Nova Scotia government’s Economic Growth Council has issued its first set of recommendations, which focus on reducing the regulatory burden and treating housing as a strategic growth sector.

The provincial government released the 16 recommendations on Wednesday, saying that it has accepted all but one.

In an interview, Council Chair Scott Brison said the council recognizes the role

Metamaterial Inc., the Dartmouth-based advanced materials developer that last week became Atlantic Canada’s first publicly traded unicorn, said on an investor call Tuesday that it expects to complete its first commercial production facility in the first half of 2022.

Meta achieved unicorn status thanks to a reverse listing on the Nasdaq that left it with a market cap of more than C$2.7 billion.

Twelve companies have graduated from the first cohort of Creative Destruction Lab Oceans, meaning a total of 17 oceantech startups have now graduated from the accelerator.

While the Atlantic Canadian CDL group previously accepted oceantech companies into its general program, the 2020-21 session was the first with a stream dedicated to oceantech companies. It attracted 20 companies from nine

Side Door, the Halifax startup that arranges performances at unconventional venues, has closed an equity funding round of US$3 million (C$3.7 million), with which it hopes to increase its presence in the U.S.

Entrepreneurs Laura Simpson and Dan Mangan founded the company in 2017 with the mission of building a platform that would connect music acts with people willing to host performances in

Life sciences industry group BioNova is looking for startups to compete in its annual BioInnovation Challenge, which will be held virtually again this year and offer a $55,000 prize of funding and in-kind services.

Now in its eleventh year, the pitching competition will be held during BioPort Atlantic -- the annual conference for life sciences and biotech in Atlantic Canada -- between November 2