NS Launches INMC Intl. Startup Competition

The town of Bridgewater, the Municipality of the County of Kings, and Pictou County have announced the launch of the INMC Nova Scotia International Startup Competition. It will send three Nova Scotia startups to compete at the International Network of Michelin Cities (INMC) Conference in Cuneo, Italy in October.

The competition brings together Nova Scotia’s three INMC membership holders under a

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Kraken Acquires UK Company for $615M

St. John’s-based Kraken Robotics Inc. has agreed to acquire British underwater-tech company Covelya Group for $615 million in cash and stock.

Announced late last week, the deal combines two providers of subsea technology serving defence and commercial maritime markets, with the goal of offering a greater range of mission-critical products in more geographic markets.

The purchase price includes

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AKA Partners with 2 South Korean Companies

Montague, P.E.I.-based AKA Energy Systems has signed a teaming agreement with South Korean shipbuilder Hanwha Ocean Co. and technology firm KTE Co.to collaborate on Canada’s Canadian Patrol Submarine Project.

The tri-party agreement was formalized on March 5 during Hanwha Ocean’s CPSP Partners’ Day event in Ottawa. It establishes a framework for cooperation on submarine power distribution,

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Raymex Launches Amid Dragons’ Den Frenzy

Tracey McGillivray was so busy preparing for a factory inspection in late January that she didn’t realize CBC had posted the trailer for Axtion Independence Mobility’s coming appearance on Dragons’ Den.

So she was flabbergasted that night when she checked the Halifax-based company’s social media accounts and saw video on the company she co-founded had gone viral.

And that was nothing to the

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Spellbook on Track for US$100M ARR this Year

St. John’s-based Spellbook, which makes generative AI products for law firms, has revealed that it tripled its revenue in 2025 and is on track to hit US$100 million (C$133 million) in annual recurring revenue this year.

Co-Founder and CEO Scott Stevenson revealed the strong performance in an interview with the Globe and Mail this week. He was speaking as Spellbook announced it had secured US$40

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