Halifax-based BoomersPlus has closed a $1.05 million funding round, led by Innovacorp, which will help the company expand in Eastern Canada and beyond.

In a statement Tuesday, the company also said it is forming a partnership with the Centre for Entrepreneurship, Education and Development, or CEED, to help Nova Scotian retirees mentor entrepreneurs or form their own businesses.

Founded in 2013

Halifax-area transmitter-maker Nautel is working withGeneral Dynamics to upgrade and maintain underwater sensors on the Halifax-class frigates for the Royal Canadian Navy, the company said Tuesday.

In a statement, Nautel said the contract is part of the Underwater Warfare Suite Upgrade deal awarded to General Dynamics Mission Systems–Canada.

As part of the hull-mounted sonar upgrade program,

Dartmouth-based Dispension Industries has built a machine that seems to be plucked straight from the realm of science fiction. But its real-world application has the potential to address a crisis that claimed the lives of 4,000 Canadians in 2017 alone.

The company has created a sophisticated “vending machine” that is designed to dispense controlled substances using a handprint scanning sensor.

Appili Therapeutics, a Halifax-based drug development company, has appointed its first ever Chief Scientific Officer.

Armand Balboni, the new CSO, will be responsible for the company’s clinical and scientific strategy as well as steering its programs through regulatory and pre-commercialization processes.

“Armand’s medical science, business, and military experience, including his particular

Diane Botelho, the Department Head of Air Quality Services at the New Brunswick Research and Productivity Council and adjunct professor at the University of New Brunswick, has won the New Brunswick Bioscience Achievement Award.

She accepted the award at last Thursday's Innovation at the Market, an annual industry event hosted by BioNB. Over 100 members of the province's business and research

Nautel, the Nova Scotian maker of radio transmitters, has signed a “significant” deal to work with a Massachusetts partner to provide advanced navigation equipment to South Korea.

The company said in a statement Thursday that it will provide an Enhanced Loran transmitter to UrsaNav, of North Billerica, Mass. UrsaNav will then provide the Nautel eLoran transmitter technology together with its own

BioVectra, a Charlottetown-based pharmaceutical manufacturer, this week won BIOTECanada's Gold Leaf Award for Company of the Year.

BIOTECanada is a national association devoted to the growth of Canada’s biotech sector. It presents awards each year to companies and individuals that have had significant achievements within the industry.

In a statement announcing the award, BioVectrea said it

Volta Labs in Halifax celebrated the grand opening of its new 60,000 square-foot facility on Wednesday night. Over 300 members of the city’s business and startup community came out to the unveiling of what is now the largest hub for entrepreneurship and innovation in Atlantic Canada.

Guests were invited to tour the new office spaces, which span the first three floors of the Maritime Centre on

Business awards galas naturally celebrate success stories, spotlighting companies at their high moments. But many successful companies persevere through tough times and it’s worth acknowledging and celebrating them, says Phillip Curley of Hotspot Parking, the 2018 winner of the Resilience Award from the Fredericton Chamber of Commerce.

“I’m really happy that they have this award,” said Curley,

CarbonCure Technologies has landed a funding round from an investment group comprising Bill Gates and some of the world’s richest people, and will use the money to expand internationally.

The Dartmouth-based company said in a statement today that it has received a Series C round of investment, led by Breakthrough Energy Ventures, one of the world’s most sought-after clean technology investment