A consortium of companies – some backed by billionaire John Risley – has unveiled a $65 million project that aims to produce low-carbon marine fuel made out of waste from forestry and agriculture.

Canada’s Ocean Supercluster on Tuesday announced the project, officially called the Clean Ocean Advanced Biofuels Project, and will contribute $5.7 million.  The private members of the consortium with

The federal government’s Sustainable Development Technology Canada, or SDTC, has announced that it will give $52.3 million in grants to a slate of companies whose technology could help the country meet its climate goals, with Atlantic startups receiving a total of $3.7 million.

The four Atlantic companies receiving funding are Kraken Sense, Chinova Bioworks, ReelData and Rayleigh Solar Tech.

Halifax’s KorrAI, which uses artificial intelligence to help assess satellite images of mining sites, has joined the latest cohort of Y Combinator, arguably the world’s most prestigious tech accelerator.

The AI company joined the accelerator’s cohort this month, receiving a US$500,000 (C$636,000) investment as part of the program. Co-Founder and CEO Rahul Anand said in an interview he hopes the

Truro’s Clever Fruit Products, which is developing new berry-based food ingredients, has landed a spot in Emergence, the Atlantic Canadian bioscience incubator.

Founded in 2017 and led by President Liam Tayler and Executive Chairman Sean Sears, Clever Fruit was originally a juice-maker before the team discovered a process that ferments fruit into a powder that can be added to foods to enhance

Canada’s Ocean Supercluster has announced a basket of five projects worth a combined $29 million, of which the Supercluster will pay $12.52 million, with the participating companies spread across Nova Scotia, Ontario and British Columbia.

CEO Kendra MacDonald said in an interview last month that the Supercluster had signed deals for projects worth the bulk of the $153 million that the federal

When health insurance giant Green Shield Canada bought virtual therapy startup Tranquility Online in August, the players stayed mum on the specifics of the deal. But at an event Thursday, Tranquility Co-Founder Joel Muise told the story of the acquisition for the first time.

Tranquility, still based in Halifax under Muise’s leadership, offers a website and app that provide a digital version of

In the past year, Fredericton fintech specialist Passiv has raised an $800,000 funding round, grown its assets under management to nearly $2 billion and been accepted into the globally recognized Y Combinator startup accelerator.

Passiv has developed a web app that uses the APIs -- backend programming interfaces for connecting to software -- of securities brokerages to offer automated portfolio

Jason Pearson, Co-Founder of Charlottetown edtech startup Stemble, has won Propel’s 2022 Gerry Pond Sales Award, which comes with a $25,000 cash prize.

Stemble is developing e-learning software for post-secondary applications, particularly in the STEM fields, which includes “virtual laboratory” functionality with more depth than is offered by other companies in the space.

The Gerry Pond Award

Dartmouth’s Dispension Industries, which makes smart kiosks for dispensing pharmaceutical products and controlled substances, has installed two automated Narcan-dispensing kiosks in Philadelphia with plans to add eight more in the coming months.

Dispension’s smart kiosks are analogous to sophisticated vending machines. In Halifax, for example, several smart kiosks are used by the non-profit

Three years after it began investing in startups, Halifax’s Concrete Ventures has booked its second exit. Whitehorse-based Proof, which specialized in automating government processes, has been bought by Toronto’s Daylight.

Daylight Co-Founder and Chief Growth Officer Art Harrison said his company bought Proof to bring on the target company's staff -- a process known as an "aquihire" -- and