St. John’s-based Kraken Robotics has hired a new chief technology officer in the wake of finishing its absorption of fellow Newfoundland and Labrador company PanGeo Subsea and increasing its annual revenue by more than 50 percent.

Founded by former Canadian Navy officer Karl Kenny and now led by CEO Greg Reid, Kraken released a financial update last week saying it booked about $40 million in

Industry group Atlantic Fintech and incubator Fintech Cadence have inked a deal to make the Montreal innovation hub’s online training and support services available to East Coast startups.

The Fintech Hub, as Fintech Cadence dubs its service, is a rolling intake online incubator that offers pre-Series A companies access to workshops, peer networking, one-on-one coaching and in-kind services.

Dal Innovates has opened applications for the winter cohort of its Collide training program for budding entrepreneurs.

Aimed specifically at university students, the Collide program promises to teach participants the basics of customer discovery and de-risking their startup, as well as preparing them for other Dal Innovates programming, such as its Ready2Launch and Lab2Market accelerators.

ReelData, the Halifax company that makes artificial intelligence for land-based aquaculture, has raised a US$8 million (C$10.7 million) Series A funding round as it looks to commercialize its second product offering next quarter.

ReelData’s first product was an AI system for determining how much fish farmers should feed their animals and thereby reducing waste, dubbed ReelAppetite. Its second

The New Brunswick Innovation Foundation and provincial business development agency Opportunities New Brunswick will host their R3 climatetech summit in-person this February at the Fredericton Convention Centre.

The R3 – Connecting for Climate Innovation Forum is a venue for climate entrepreneurs, researchers and public servants to discuss innovation-driven solutions to the climate crisis.

This

WeUsThem, the Halifax ad agency, has spun off its software business unit into a new startup, HealthEMe, which is raising a roughly $1 million seed round.

HealthEMe’s first product is imTEEN, which was originally released by WeUsThem and allows youth to track and manage their mental health by self-monitoring for signs of common mental illnesses.

CEO Ashwin Kutty said the spinoff was aimed partly

Research Nova Scotia, the provincial nonprofit that helps fund and coordinate scientific work, is getting a tidy boost to its budget.

About a $25 million boost, more specifically. Since Research Nova Scotia’s founding in 2019, it has received a total of $79 million from the province, counting the latest tranche of funding.

As well as research-related business development activities for the

The University of New Brunswick’s J. Herbert Smith Centre is looking for applicants to two of its startup accelerator programs, Energia Ventures and The Summer Institute.

Now in its seventh year of operation, Energia Ventures supports startups from around the world involved in energy, smart grids, cleantech and cybersecurity. Previous participants have come from as far away as Jordan and South

Atlantic Canada is getting a new regional angel group.

The newly formed Atlantic Women’s Angel Fund was inspired partly by managing partner Andrea King’s experience on the board of the non-profit Atlantic Women’s Venture Foundation, which was created by the all-woman venture capital fund Sandpiper Ventures to support female founders whose companies are not yet ready to raise VC funding.

“One of

Precision BioLogic, a Dartmouth medtech company that sells diagnostic testing supplies, has received United States Food and Drug Administration approval for its product for the bleeding disorder Hemophilia B.

The Hemophilia test, also recently approved by Health Canada, is being released in response to increasing market demand for chromogenic assays and is the only Hemophilia B test of its kind