The Atlantic Canada Opportunities Agency (ACOA) has announced funding of more than $4 million for nine Nova Scotia defence companies under the Regional Defence Investment Initiative.

The funds will assist with developing and manufacturing critical equipment and technologies, while creating 24 new jobs. Most of the funds are loans, with two non-repayable.

With more than 200 firms in the defence

Atlantic Canadian startups raised $348 million in venture capital in 2025, according to the Canadian Venture Capital and Private Equity Association, or CVCA, driven by a strong fourth-quarter performance in Newfoundland and Labrador and Nova Scotia.

It was the strongest annual Atlantic Canadian tally announced in this decade by the country’s private capital association, and a marked improvement

ABK Biomedical late last year raised US$35 million (C$47.9 million) in a Series D financing round to support clinical trials, manufacturing expansion and development of a product to be used in treating liver cancer.

The Halifax-based medical device company said the oversubscribed round was led by J.P. Morgan Life Sciences Private Capital, investing in the company for the first time. Existing

New Minas, N.S.-based Elle, MD Biotechnologies has been recognized in the Emerging Category of the national CIX Startup Awards run by Toronto-based Elevate.

The awards are the largest national showcase of innovative tech companies, the group said in an announcement. Selected by a committee of more than 100 North American investors, the awards program is intended to bring promising startups at

Applications have opened for the six-month GreenShoots program, designed for high-potential, early-stage, knowledge-based ventures based in Nova Scotia.

The program seeks innovators in the areas of agriculture, agri-food, bioeconomy, cleantech and related technology. It supports companies with potential for export, climate impact, job creation and rural economic growth. Successful applicants

Chester, N.S.-based Sustane Technologies has announced major project milestones at its advanced recycling facility and welcomed Marc Donaldson as its new project director.

The company converts difficult-to-recycle plastics into valuable resources and is making progress toward expanded plastics recycling capacity and operational scale.

In a news release, the company said a milestone was reached

Halifax-based Modest Tree has been awarded a $32 million subcontract by Fleetway Inc. to develop training systems for the Royal Canadian Navy’s future River-class destroyers.

Modest Tree will deliver immersive training platforms built from validated digital ship design data and original equipment manufacturer documentation provided by Fleetway, which offers engineering and logistics support to

The Sobey School of Business and the Venture Capital program at Saint Mary’s University have won the New England Venture Capital Investment Competition, marking the latest success for the Halifax university’s young venture capitalists.

VCIC is an international organization that trains student venture capitalists and hosts regional and international competitions.  This time, the undergraduate

Now we’re into the new year, we’re ramping up our efforts to get startup CEOs to fill in our short, confidential survey.

We understand how busy everyone is so we hate to keep asking. But we also hear from a lot of founders that they appreciate our data report and promise to fill in the survey  . . . soon.

So we’re sure there are lots of founders who mean to get to it, but haven’t quite found

Two New Brunswick startups – Seafarer AI and Vartis Space – have been accepted into the inaugural cohort of Vimy Forge, a new defence-focused accelerator that has just received $1 million in federal funding.

The federal government issued a press release Monday announcing that the Atlantic Canada Opportunities Agency (ACOA) will provide $997,000 to the Fredericton-based accelerator through the