Chinova Bioworks, a Fredericton-based company that uses mushrooms to make food preservatives and other ingredients, has raised a $6 million Series A funding round.

The company plans to use the money to expand its Prince Edward Island production facility, which will formally open this summer, as well as staff up and launch new products.

The round was led by DSM Venturing, the venture capital arm

The University of New Brunswick held a demo day Wednesday for its Summer Institute accelerator, its first in-person pitch event since the pandemic, with six companies presenting.

Most startup accelerators teach lean methodology to innovation-driven businesses. The Summer Institute takes a different tack by seeking to back companies with positive social and environmental impacts. Its programming

Halifax’s Milk Moovement, which makes supply chain management software for the dairy industry, has raised a US$20 million or C$26 million round of Series A funding as it looks to expand its product development team.

The round, led by San Francisco-based specialist venture capital firm VMG Catalyst, is one of the largest funding raises so far this year in Atlantic Canada, topped only by deals

Moncton’s Soricimed Biopharma has raised a $200,000 follow-on investment from the New Brunswick Innovation Foundation as it continues research and development work on its treatment for pancreatic cancer.

NBIF previously invested $175,000 in Soricimed in 2020, and in a press release said the prospective drugmaker has raised a combined $26 million of equity and non-dilutive financing since it

St. John's-based medtech startup BreatheSuite has announced the Atlantic Canadian launch of its product for asthma and chronic obstructive pulmonary disorder, or COPD, patients, and sweetening the offering with one-on-one coaching.

CEO Brett Vokey, whose company makes hardware and software that helps people use inhalers more effectively, said in an interview the East Coast is the first stage of

The Junction, a new downtown 16,000 square-foot innovation centre in Moncton, has been opened by startup hub Venn Innovation, which describes it as the largest tech-focused facility of its kind in New Brunswick.

“Today, we are opening a place where the tech sector, from startups to global market leaders, can come together to meet, network, learn and share. This is a place to build what’s next,”

Canada’s Ocean Supercluster is launching a mentorship program aimed at helping underrepresented groups find employment opportunities in the ocean economy.

The Supercluster, whose five-year mandate ends next year, is best known for funding partnerships on oceans-related research and development projects, though it also supports ecosystem projects aimed at improving the sustainablity and diversity

Entrevestor journalists Peter Moreira and Avery Mullen will share findings from our 2021 Atlantic Canada Startup Data Report in a live event at the Cyber Centre in Fredericton’s Knowledge Park July 14.

Our report is the benchmark source of data about the Atlantic Canadian startup community. Our proprietary database — which we use to write the report, presenting the data only in aggregate to

Avanade, the Seattle company that helps enterprise clients upgrade and manage their computer systems using Microsoft technology and infrastructure, plans to hire 300 people in Halifax over the next two years.

Founded in 2000 as a joint venture between Microsoft and Irish-American service company Accenture — still its parent company — Avanade now employs about 56,000 people, with offices in 26

The University of New Brunswick’s TME team will host three events in the next two weeks that will showcase a range of companies going through its programs.

The TME group – whose official name is the J. Herbert Smith Centre for Technology, Management and Entrepreneurship – oversees a host of entrepreneurship programs at UNB. Between July 13 and 20, it will be holding demo day-style events for its