For the second quarter in a row, St. John’s-based Kraken Robotics has posted record revenue figures, revealing it brought in $28 million for the three months ended Dec. 31, a 218 percent increase over the same quarter the year prior.

Seventy percent of that revenue came from product sales, Kraken said in a statement, and 30 percent from its service business. The company’s revenue guidance for

Creative Destruction Lab Atlantic is looking for applicants for its two programs for the 2024-2025 season.

The Atlantic Canadian branch of the Toronto-based organization operates two programs each winter: the Prime Stream, which is open to companies in any sector; and the Oceans Stream for bluetech companies.

CDL is a nine-month, milestone-based accelerator that operates in six countries. The

When Halifax’s Clean Valley CIC closes its current funding round, it hopes to have $1.5 million to help pay for up-front production costs as it looks to transition to a “hardware-as-a-service” revenue model.

“Instead of having our customer pay a large capital cost, they’ll pay much smaller, monthly, incremental fees,” Founder Nicholas LaValle said in an interview Wednesday. “And the reason why

Dartmouth Ocean Technologies, or DOT, has moved into new office and manufacturing space on Brownlow Avenue in Dartmouth, as CEO Arnold Furlong looks to scale the company in response to strong demand for its environmental DNA monitoring tech.

One driver behind DOT’s expansion plans is a $1 million deal with the Department of National Defence to develop an environmental DNA, or eDNA, monitoring

Halifax-based Tribe Network will host a pitch competition, dubbed Innovate and Elevate, for Black founders from across Atlantic Canada on May 23.

Shortlisted entrepreneurs will deliver three-minute pitches with the help of six-slide pitch decks, and will receive feedback on their businesses and pitching skills. The winner will also receive a $600 Visa gift card.

“Designed for entrepreneurs at

Virtual startup accelerator Propel has a new Chair, CIBC executive Özge Yeloğlu, along with three new board members.

Yeloğlu, who is now CIBC’s Vice President of Advanced Analytics and AI, previously held senior roles at Microsoft and is a Founding Partner of Atlantic Canadian female-focused venture capital shop Sandpiper Ventures. She replaces outgoing Chair Jeff White, CEO of the New Brunswick

Newfoundland and Labrador has a new government- and industry-backed innovation hub focused specifically on remote operations, meaning technology controlled from a different location.

In an interview, Co. Innovation Centre President Meagan Kay-Fowlow, who will run the industry hub on behalf of techNL, said she expects that her team will work with a range of industries, ranging from energy to

Canada’s Ocean Supercluster, the federal government organization that partners with the private sector to fund bluetech research and development, is looking for an Indigenous board member with expertise in the ocean economy, starting in May.

“The (Ocean Supercluster), with its network of ocean networks across the country is focused on driving Ambition 2035, a 5X growth objective for the ocean

Halifax entrepreneur Hussain Abdullah believes he has found a gap in the car detailing market for a low cost, mobile offering and is building out his operation quickly on the back of a positive response from early clients.

Hussain is the Founder of SayFaya, an online platform that lets users book car detailing appointments, either with cleaners hired as subcontractors by the company, or

The 2024 Spark Nova Scotia competition is open and seeking people with innovative business ideas to vie for up to $50,000 in startup funding. 

Training sessions start April 30 and run throughout May. They are open to people with a business idea for an innovative product or service. After training, entrants will have until May 24 to apply for the competition.  A total of $90,000 is available