PEI Bio Sector Revenues Rise 84% in 5 Years

Revenues by private companies in the Prince Edward Island bioscience cluster logged in at $612 million in 2023, marking an increase of 84 percent since 2018, said the PEI BioAlliance in a statement.

The umbrella organization for the bioindustries on the Island releases data on the cluster’s economic performance each year. The most recent study of 50 bioscience sector companies based on 2023

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Cape Breton Capital Backs Aeon Blue

Aeon Blue Inc., the Cape Breton green fuel and carbon capture startup, has raised $195,000 in equity funding from the Cape Breton Capital Group to help the company establish its first facility in 2027.

Based in Sydney River, Aeon Blue specializes in the production of sustainable eFuels by harnessing wind energy and seawater. The company’s technology and processes aim to integrate hydrogen

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Virtual Hallway Partners with IWK Health Genetics

Halifax-based physicians’ network Virtual Hallway and IWK Health Genetics have joined forces to boost genetic health education among healthcare providers and improve access to specialized genetic services.

The partnership is part of a 12-month commercialization project at IWK through national innovation group CAN Health Network. The partners have developed interactive digital education modules

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Event Hub Launched by Startup Atlantic

Events for Atlantic Canada’s startup community are now being listed on an events calendar created by Startup Atlantic, a network of startup groups and accelerators.
The Startup Atlantic Event Hub is a one-stop shop for all startup events happening across the region, the group said. The calendar lists networking opportunities, pitch competitions, industry workshops and more.
Startup Atlantic said

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Kraken Robotics’ Karl Kenny Mourned

St. John’s-based Kraken Robotics has announced the loss of its founder and former CEO Karl Kenny on February 11, at the age of 64.

Kenny founded Kraken in 2012 and was instrumental in building the company into a significant player in subsea robotics over his 10-year tenure, before retiring in December 2022.  

“An ideas man and a builder, Karl’s energy was as relentless

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