St. John’s-based Kraken Robotics has announced a $17.5 million equity funding deal with a syndicate of investors led by Toronto’s Cormark Securities, with plans to spend some of the money in expanding its manufacturing capacity and physical capital.

The raise was a “bought deal” public offering, meaning investment bank Cormark and its partners have purchased the stock directly, rather than

Invest Nova Scotia has announced the 13 companies joining the latest cohort of its Accelerate startup program.

Now in its fourth year, Accelerate offers participating startups four months of business and technical training and $40,000 of funding. It is completely virtual and aimed at companies that have already established market opportunities for products based on science or engineering-related

Three of the five startups chosen to pre-sell carbon credits to Toronto’s MaRS Discovery District under its Mission From Mars program are based in Halifax -- Carbon Run, Planetary Technology and Gaia Refinery.

The pre-purchase deals will involve MaRS receiving the credits gradually over the course of the next three years, as the companies work to implement their nascent technologies. Although

As Ukraine’s healthcare system grapples with the effects of the war, its cardiologists are receiving a helping hand from an unlikely source: St. John’s-based Sparrow Bioacoustics.

Led by CEO Mark Attila Opauzsky, Sparrow has been piloting its Stethophone app with a group of Ukrainian cardiology clinics since last year. And earlier this month, Stethophone was used by doctors from non-profit FRIDA

Amid an upswell of AI startups focused on finding new uses for large language models, St. John’s-based atlantiq AI hopes to distinguish itself by offering software that automates day-to-day tasks for small businesses, like lead generation.

Founder Nurul Ibrahim is a Memorial University physics student, and his graduation this spring coincides with the release of atlantiq’s mobile app in about

The Ocean Startup Project has a new Executive Director: Memorial University biologist Paula Mendonça, who was previously seconded to the bluetech industry group from her role as the school’s Director of Innovation and Entrepreneurship.

Mendonça succeeds Don Grant, who led the organization from 2020 until his departure for a role in the private sector last year.

“Paula's unparalleled expertise

Two companies that graduated from the University of New Brunswick’s Energia Ventures startup program this month, Chick Pick and Solyntek, are receiving $50,000 each from the New Brunswick Innovation Foundation as part of its backing for the accelerator.

Energia, which is based in Fredericton at UNB’s J. Herbert Smith Centre for Technology Management and Entrepreneurship, is aimed at energy,

A Nova Scotia oyster farm is retooling its business model with the help of a novel financing method.

Sober Island Oysters is aiming to borrow $100,000 from investors on Goparity Canada, a British Columbia-based impact investing platform that lets individual citizens pool their funds in increments of as little as $10 to back private debt deals. The money will go towards transitioning the

Rothesay, New Brunswick-based Aerial Vehicle Safety Solutions has won approval from the United States’ Federal Aviation Administration for its parachute systems to be used as a “means of compliance” for drone operators to meet legal requirements related to safety equipment.

In particular, AVSS said in a statement its system can be used to comply with the FAA’s “flight over people” rules for

Michelle Simms, the longtime CEO of Newfoundland and Labrador startup hub Genesis is stepping down from the role, she announced Tuesday.

Simms, who has worked at Genesis for 22 years and been Chief Executive since 2016, said in a social media post that she is leaving the role to pursue another, as-yet-undisclosed opportunity, with her last day on the job slated to be May 24.

“Undoubtedly, the