Fifteen early-stage startups will pitch for as much as $25,000 each in equity funding at the next Volta Cohort Pitch Event on May 19.

Volta, the Halifax innovation hub, initiated the funding program three-and-a-half years ago, and so far 34 startups have been selected. At each pitch event, as many as five companies are chosen for up to $25,000 in funding. They also receive mentorship and office

Halifax-based Sona Nanotech will begin clinical trials in Toronto this week in which 500 emergency room patients suspected of having COVID-19 will use the company’s saliva-based rapid test.

The trials come as the company, whose shares are listed on the Canadian Securities Exchange, has arranged with Canaccord Genuity Corp. a facility that may allow it to raise as much as $10 million by selling

St. John’s-based Unbound Chemicals is tackling a big problem – the waste produced by the pharmaceutical industry.

The company is developing a process to unlock the valuable ingredients from pharmaceutical waste. It’s an issue that has been highlighted by the pandemic, which has revealed faultlines in global supply chains, according to Blaine Edwards, company Founder and CEO.

Unbound began in

More than $50 million has flowed into the Atlantic Canadian innovation sector in April, and we still have a week to go before the month ends.

We’ve been scrambling to keep up with all the investment news this month, which we think is unprecedented in the region. We’ve reported on seven multi-million-dollar rounds, and although some figures were withheld we believe the funding totalled more than

Aerial Vehicle Safety Solutions of New Brunswick, which makes safety parachutes for drones, has completed key testing that means the company now adheres to new rules on drone safety.

Based in the Saint John suburb of Rothesay, AVSS issued a statement on Tuesday saying its parachute has completed the world’s first ASTM F3322-18 parachute recovery system testing. This testing is now needed for

 Halifax-based Outcast Foods is increasing its production of upcycled food products with the support of a $500,000 rebate from Nova Scotia Business Inc.

Outcast, which calls itself the global leader in scalable food waste reduction, will use the money to expand its Nova Scotia facility.

The company has been growing rapidly and recently closed a $10 million funding round, half of which came

With humanity facing enormous environmental challenges such as rising temperatures and pollution from micro-plastics, cleantech is an increasingly important sector globally.

Atlantic Canada is no different, and the region has been nurturing some fine companies. As we celebrate Earth Day, we want to shine a spotlight on the founders of five up-and-coming Atlantic Canadian cleantech companies, who

Zorbit’s Math, a St. John’s-based provider of educational software, has been acquired by Carnegie Learning of Pittsburgh for an undisclosed price.

Under the deal, which the parties announced Tuesday, Zorbit will become Carnegie’s Canadian office and its St. John’s-based team will continue with development and sales activities. None of the 34 Zorbit employees is being laid off.

Having developed

Seven early-stage New Brunswick startups that use technology for social good have made the province's Venn Garage incubator program. Problems addressed range from reducing the impact of Covid on local businesses to bringing safe and reliable drinking water to communities. 

The startups were chosen after pitching at Venn’s virtual Open Pitch competition. Participating benefits include mentorship,

Cape Privacy, which provides machine learning solutions for encrypted data, has raised US$20 million (C$25 million) to help develop its platform and find more clients in financial services and other markets.

The broadly subscribed funding round was led by Evolution Equity Partners, which is headquartered in New York and Palo Alto.

Cape Privacy, which booked a US$5 million seed round last year,