NBIF Opens Breakthru Applications

The New Brunswick Innovation Foundation has opened applications for Breakthru, the province’s main startup pitching competition that will award more than $300,000 in investment and in-kind services.

As well as the competition, Breakthru is a four-month program designed to help early-stage entrepreneurs develop technology startups and prepare for investment. It includes practical learning,

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Opportunities for Black, Female Founders and Mothers

Various opportunities for entrepreneurs have been listed by Halifax-based Tribe Network, a group for Black, Indigenous, and racialized entrepreneurs.

These include:

The High Five Grant for Moms

The High Five Grant for Moms is open to mom entrepreneurs across Canada and the U.S.

This year, eight founders will receive non-repayable funding: a $10,000 grand prize, $5,000 second-place grant,

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Ignite’s MERGE wins National Award

Fredericton-based Ignite has received a national award for a program that connects municipalities with startups to develop solutions to community challenges.

Ignite’s MERGE: Connecting Municipal Challenges with Startup Innovation Through Regional Collaboration received the 2026 Economic Developers Association of Canada Award for Regional and Community Collaboration. The award was presented

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BlueLedger Receives Backing from MaxWave

Fredericton-based BlueLedger announced a paid pilot program for its ID verification technology on Thursday after receiving investment from MaxWave Capital.

The company, which emerged from stealth at the ALL IN 2026 conference in Montreal, is developing technology to help public-company issuers, legal counsel and market-integrity teams investigate discrepancies in financial records.

BlueLedger

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Tribe’s African Nova Scotian Youth Program is PD Credit

Halifax-based Tribe Network’s Entrepreneurship & Innovation Program for African Nova Scotian youth will now be counted as a Personal Development half credit by the province’s education system.

During the last school year, the program engaged more than 80 African Nova Scotian students across various high schools, introducing them to entrepreneurship, business ownership, financial literacy,

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SyncraSys Closes Oversubscribed Seed Round

Halifax-based AI company SyncraSys has closed an oversubscribed seed financing round that exceeded its fundraising target by 30 percent.

The company is developing an artificial intelligence platform for physical security operations and is nearing completion of its first proof of concept.

SyncraSys announced the funding round in a press release on Tuesday but did not reveal the amount it had

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Sona Nanotech Closes $2.53M Funding Round

Halifax-based Sona Nanotech Inc. has raised $2.53 million through an oversubscribed private placement to fund further development of its Targeted Hyperthermia Therapy oncology treatment.

The company, whose shares trade on the Canadian Securites Exchange, announced Aug. 10 that it had closed the financing with the issuance of 8,423,372 common shares at 30 cents per share. Sona had originally

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Galaxia Closes $4.2M Seed Round

Galaxia has closed an oversubscribed $4.5 million funding round to support the expansion of its satellite technology and space infrastructure business.

The Halifax-based company said in a press release Thursday the financing was co-led by Montreal-based Amiral Ventures and Invest Nova Scotia. Other investors included Reaction Dynamics and Anges Québec.

Galaxia said the capital will be used to

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