Verschuren Centre Receives $2M from ACOA

With one of only three bioreactors in Canada, Sydney’s Verschuren Centre, which helps cleantech companies develop sustainable technologies and bring them to market, has received funds to expand its lab facility and increase its bioreactor capacity by 10 times.  

The centre, which  is working with more than 40 companies to develop new bioeconomy and green energy ideas, has received a grant of $2

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Verafin Reaches 900 Employees

Cybersecurity company Verafin, which became the most valuable startup in Atlantic Canadian history when it exited to Nasdaq in 2021 for US$2.75 billion, is continuing to grow its staff in its home city of St. John’s, reaching 900 employees last week.

Founded in 2003, Verafin provides more than 2,000 financial institutions in North America with a cloud-based platform to help detect,

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OnDeck, PhyCo Win Idea Challenge

British Columbian startups OnDeck Fisheries AI and PhyCo have been awarded $10,000 each as part of the Ocean Startup Project’s first-ever Ocean Idea Challenge competition.

The Ocean Startup Project, which encourages the launch and development of oceantech startups, launched the Idea competition to help startups to validate their sustainable ocean ideas. The organization announced four winners of

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Startup Data Report Drops Tuesday

Entrevestor will launch our 2021 Startup Data Report on Tuesday, revealing the results of our annual startup survey in a live event at Halifax innovation hub Volta.

Our report is the benchmark source of data about the Atlantic Canadian startup community. Our proprietary database — which we use to write the report, presenting the data only in aggregate to respect confidentiality — contains

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Breathe Halfway in $5M Raise

Moncton medtech startup Breathe BioMedical is halfway through a $5 million funding round, with soft commitments for more.

CEO Steve Graham said in an interview that of the $2.5 million Breathe has raised so far, about 80 percent has been drawn from New Brunswick investors. He said one reason for this is New Brunswick’s Small Business Investor Tax Credit, which offers angel investors a

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Parados’s McCarthy Wins Mitacs Award

Pascal McCarthy, CEO of Fredericton-based Parados Cerebral Solutions, is one of five Canadian businesspeople to win this year’s Mitacs Entrepreneur Awards.

McCarthy won the National Change-Agent Entrepreneur title. His company is developing a system to use sensors in mouthguards and along athletes’ spines to measure the force of head impacts, such as when football players tackle each other.

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Focus FS, Dräger Target Ontario Mines

Focus FS, a St. John's-based workplace safety software maker, has deepened its partnership with German safety company Dräger to help increase sales in the Ontario mining market.

Focus FS announced Tuesday that it would partner with Dräger Canada over several years to work with Ontario Mine Rescue to help improve mining safety. They will deploy the Focus FS Emergency Response software at over 30

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