BIOVECTRA Signs Supply Chain Partnership

Charlottetown drug-maker BIOVECTRA has signed a supply chain partnership deal with a quartet of other life sciences companies as part of a project from NGEN, the federal manufacturing Supercluster.

The project will see BIOVECTRA share supply chain resources with: Toronto's CCRM, which produces regenerative medicine-based technologies and cell and gene

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ReelData Launches Latest Product

ReelData, the Halifax maker of AI for land-based aquaculture, has launched its latest product, ReelWeight, which is a smart camera system for estimating the weight of fish.

The new offering will complement four other products from ReelData that estimate fish’s appetite, stress levels, physical health and biomass. In a social media post, CEO Matt Zimola said ReelWeight took four years to develop.

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Invest Nova Scotia Reallocates $60M

Invest Nova Scotia has earmarked $60 million to join private sector investment funds as a limited partner, reallocating money that was previously set aside for loans.

In an interview, CEO Peter MacAskill said a maturing startup ecosystem with changing needs is a key reason the agency has transferred the money via a provincial Order in Council. The capital has been shifted from the agency’s

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Emera Backs Tribe with $500K

Tribe Network, the organization dedicated to supporting Atlantic Canadian founders who identify as Black, Indigenous or People of Colour, is receiving a $500,000 donation from the Halifax-based energy company Emera.

Emera had previously contributed $300,000 to Tribe in 2021, so the latest announcement brings the company’s total donation to $800,000. The two groups said as many as 3,000 members

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Dependbuild Launches Beta

Dependbuild, the St. John's maker of cloud software to help municipalities and infrastructure developers assess risks to construction projects, is launching its beta test.

Founded in spring of 2021,  dependbuild has already been piloting its technology with several customers, and the beta test marks its first foray into commercialization.

Chief Executive Conor O’Brien and COO Jean-Samuel

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Inspurious Launches Beta Test

A Halifax news outlet with a twist has entered beta testing.

Inspurious.com is the creation of political scientist Bobbie Macdonald, who started work on it while he was finishing a PhD at Stanford, going on to formally launch the company last fall. Macdonald aims to make online news content more competitive with social media via user experience tweaks designed to remove distractions and barriers

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Atlantic Startups Raised $208M in 2023: CVCA

Atlantic Canadian startups raised just $18 million in the fourth quarter, mirroring a loss of momentum nationally in the closing months of 2023, though that figure rises to about $45 million with the inclusion of an eight-figure round finalized by St. John’s- and Toronto-based Spellbook over the holidays.

For the full year, East Coast startups raised $208 million, down from $230 million in 2022,

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