The Centre for Ocean Ventures and Entrepreneurship, or COVE, has received a pledge of $8.5 million in funding from the Nova Scotia government to continue its programming over the next five years.

Economic Development Minister Susan Corkum-Greek announced the new funding Thursday at a press conference at the marine technology facility on the Dartmouth waterfront.

Now five years old, COVE is a

MIMOSA Diagnostics, the Halifax- and Toronto-based maker of a medical device for non-invasively assessing tissue health, has raised an undisclosed funding round as it launches in its beachhead market, the United States.

The raise took the form of a convertible debenture — a hybrid debt and equity financing instrument that gives investors the right to purchase shares later at a predetermined

St. John’s-based Mysa Smart Thermostats is launching sales of its products in the European Union amid a broader push to expand and diversity its business.

The announcement comes just two months after Mysa said it had bought the intellectual property of Zen Ecosystems, with plans to incorporate the Costa Mesa, Calif. startup’s offerings into its own product line and ramp up efforts to land

The Fredericton cybersecurity community has been shaken this summer by more than 100 layoffs at IBM, though officials in the sector believe it is strong enough to withstand the blow.

The Fredericton Gleaner first reported earlier this month that IBM was cutting an unspecified number of positions, and that the cuts came just months after the blue chip IT company announced it would create up to

Halifax startup hub Volta is looking for applicants to pitch at its Virtual Ocean Tech Pitch Competition on Aug. 23.

The competition will see bluetech founders deliver short pitches and then receive feedback from a panel of of industry experts. The judging will be based on the quality of both the pitch and the underlying business, and the winner will receive a $500 Visa gift card.

“Volta Pitch

Dalhousie University’s CDL Atlantic, part of the internationally noted Creative Destruction Lab network of startup accelerators, is still looking for this fall’s Oceans cohort. The deadline to apply is July 28, with programming beginning in October.

The nine-month program, founded by University of Toronto management professor Ajay Agrawal and now with operations in six countries, is

Fredericton-based augmented reality startup Kognitiv Spark is one of 13 companies selected for this year’s cohort of Amazon’s European Defence Accelerator.

Kognitiv Spark is the only Canadian company to make the cut and one of only three from North America. The four-week European Defence Accelerator is run by Amazon Web Services, the e-commerce giant’s cloud computing arm, in collaboration with

Invest Nova Scotia has announced the latest recipients of money from its Early Stage Commercialization Fund for university research, rolling over a program from the days of Innovacorp. Also bundled with the announcement are recipients from fall 2022.

The fund offers startups up to $50,000 for assessing their products’ market potential, developing go-to-market strategies and other planning,

Atlantic Canada made a strong showing this year at Startupfest in Montreal — one of the world’s largest startup conferences.

With Startupfest running from last Wednesday to Friday and now in its 13th year, the East Coast contingent fell into two groups. The first was a generalized startup contingent organized by recently created industry group Startup Atlantic, and the other was as part of an

Halifax clean concrete startup CarbonCure will use the largest venture capital raise in Nova Scotia history to more quickly execute on its product roadmap and double down on its business development activities in Latin America, Europe, the Middle East and Southeast Asia.

Chief Executive Robert Niven said via email Thursday that CarbonCure has sold hundreds of its systems for sequestering carbon