Fredericton-based internet-of-things venture SmartSkin Technologies has secured a $7.5 million line of credit with CIBC Innovation Banking and intends to use the access to funds to expand its market reach.

SmartSkin and CIBC issued a press release announcing the credit facility last week.

“This financing fuels our ambition to become the essential intelligence layer for pharmaceutical and

Halifax-based Sound Blade Medical, which has developed a handheld, ultrasound-powered tissue-cutting tool (histotripsy therapy), has appointed Neil Barman CEO.  

The company, which raised US$16.5 million (C$23.8 million) in a Series A round in January, says its technology focuses ultrasound to liquify targeted tissue without thermal damage, allowing for truly non-invasive surgical solutions.

The national Melamoon pitch contest is offering Black founders the chance to win $200,000 in prizes, mentorship, and national exposure.

Melamoon is a national opportunity for Black founders who are ready to scale, Halifax-based Tribe Network, a support group for founders who identify as Black, Indigenous or People of Colour, said in its newsletter.

Backed by FACE Coalition and Black Ambition,

TechImpact, the New Brunswick-based IT advocacy group, has laid out a 10-year plan to increase the province’s tech revenues to $1.7 billion from under $1 billion today.  

Working with economist David Campbell of Jupia Consultants, the organization last week released a report titled Building NB’s Future: How a Thriving Tech Sector Can Lead the Way. It called for government and the private sector

Charlottetown-based PEI BioAlliance has appointed Lauren Ledwell its new Chief Executive Officer.

Ledwell brings extensive experience in business transformation, venture capital, and system innovation to the sector, the industry group said in a press release.

She will succeed founding CEO Rory Francis who announced that he would retire in 2025.

“Lauren Ledwell’s leadership in the innovation

TLT East Ventures, a new Atlantic Canadian venture capital fund, has invested in Fredericton-based Eigen Innovations, an industrial AI company that uses thermal imaging and AI to enhance real-time quality control in manufacturing.

TLT is led by Michael Brown, a New Brunswick-born investment banker whose career has included a stint as a mentor with TechStars in New York. He closed a fund of more

Falling Walls Lab Atlantic Canada will host a pitching event at the Halifax Central Library on Sept. 15, offering Atlantic Canadians an entry into the international Falling Walls competition.

Falling Walls Lab is an international pitch competition that challenges students and early-career professionals to present their ideas in just three minutes. The winner will join 100 finalists participating

Mara Renewables, the Halifax company that produces omega-3 products from algae, has raised US$9.1 million (C$12.6 million) from S2G Investments to expand its production, sales and R&D capacity.

The company issued a press release last week announcing the funding – the company’s first funding announcement since it raised $39.5 million in 2022. It said the latest investment would support Mara’s

Atlantic Canada’s life sciences and medtech sectors demonstrated resilience in 2024 with notable revenue growth, though equity funding for life sciences companies has fallen in recent years.

Today we’re highlighting the section of our 2024 Atlantic Canada Startup Data Report that looked at these two inter-related sectors. In our databank, we track 146 life sciences companies, which include a

Weevva, the Newfoundland and Labrador startup that helps landlords and tenants manage rentals with confidence, has been accepted into the 2025 cohort of the Innovate Financial Health Lab.

The IFH Lab is a national accelerator that supports startups that aim to improve the financial conditions of Canadians. The organization named six fintech startups to the latest cohort earlier this month, and