SomaDetect, which tests the quality of milk and collects data for the dairy industry, has closed a US$2 million (C$2.6 million) round of funding to help it build out its databank and technology.

The Fredericton-based company issued a statement Monday saying it received the equity investment from the New Brunswick Innovation Foundation, the Western New York Impact Investment Fund, and New York

Sustane Technologies has received a $358,750 loan from the federal government to help build its capacity to convert garbage into synthetic fuels.

The Atlantic Canada Opportunities Agency issued a statement last week saying it would lend the Chester, N.S.-based cleantech company the money under its Business Development Program.

Sustane, which won Innovacorp’s last I-3 Technology Start-Up

A Halifax startup that specializes in large-scale, 3D scanning projects has received a $321,000 loan from the Atlantic Canada Opportunities Agency.

Smarter Spaces CEO Colin Gillis said the funding will allow him and his co-owner, COO Dan MacIntosh, to hire more employees and grow the business.

The company offers customers a variety of related services that involve scanning and modeling

The National Angel Capital Organization is focusing its effort to develop angel networks in certain areas like Atlantic Canada and believes its Angel Summit in Halifax next month will be a “critical” step in achieving the goal.

The mission of NACO, as the Toronto-based organization is known, is to develop networks of angel investors across the country and educate them on best practices in

Charlottetown-based commercialization group Synapse is playing a role in the 50th anniversary celebrations of the University of Prince Edward island by launching two annual awards that recognize innovators with a connection to the university.

"As the commercialization office for the university, every day we have the pleasure of helping a wide variety of UPEI innovators in the journey of moving

A new Halifax company is aiming to drive down internet prices in Nova Scotia.

Purple Cow founders Bradley Farquhar and Joe Power say they are undercutting the prices of other internet service providers, or ISPs, to encourage them to lower their rates.

“If we have lower rates and customers are with us, they benefit,” said CEO Farquhar in an interview. “And if they’re with the big guys, they

The University of New Brunswick is partnering with George Washington University to provide I-STEM programing, which will help scientists and researchers turn their new technologies into businesses.

The Fredericton-based university put out a statement on Friday saying its J. Herbert Smith Centre for Technology Management and Entrepreneurship, known as TME, would launch its first I-STEM cohort in

Rob Barbara, a veteran investor and General Partner with Halifax-based venture capital firm Build Ventures, has been selected for Class 24 of the Kauffman Fellows, a two-year program that brings together innovative minds in venture capital.

Barbara is one of two Canadians selected for the new class of the Silicon Valley-based organization, which includes participants from 21 countries.

“Being

Three openings at Charlottetown-based Sprypoint headline our Jobs of the Week column today. The company is looking for a Business Development Specialist, iOS Developer, and Development Team Leader.

SpryPoint was founded in 2011 to assist utilities with addressing the technological advances of the last decade. It has developed a cloud-based platform of enterprise solutions designed to help

Charlottetown-based Startup Zone is launching a new early-stage accelerator program to help high-growth companies with product development, branding and sales.

The Prince Edward Island startup house is starting the accelerator so that entrepreneurs will have in-person mentoring and benefit from a sense of community. It is looking for entrepreneurs with a sense of urgency, who will strive to