A new investment group called 7th Wave Capital has been launched to support five established businesses a year in the Maritime Provinces.

The new Halifax-based group is headed by Paul LeBlanc, best known for his communications ventures such as Coastal Communications. The 7th Wave group aims to back five companies each year, providing capital and mentorship from some of the region’s leading

The Summer Institute, a 12-week accelerator for young companies from a range of sectors, is looking for applicants for its 2020 cohort, and is especially eager for social ventures to apply.

Now in its seventh year, the program is offered by the University of New Brunswick’s J Herbert Smith Centre for Technology Management and Entrepreneurship in Fredericton and accepts applicants from around the

Moncton-based Prelam Enterprises, which specializes in odour control offerings like Just’a Drop and LUKY8, is offering to share its manufacturing facility and expertise to businesses in Atlantic Canada.

“We realized that a lot of small companies are doing it in their kitchen, in their garage, or basement. But if they want to scale up, there’s no real way to do that unless you invest a lot of

Metamaterial Technologies Inc. of Dartmouth has received conditional approval for its public listing from the Canadian Securities Exchange, and expects to bring in as much as $30 million in capital in the coming months.

Founder and CEO George Palikaras said in an interview that the company, known as MTI, received approval from the Toronto-based stock exchange just before the holidays, and

Ignite Labs, the Nova Scotia Innovation Hub and BioNB are teaming up to host START[2020], an Atlantic Canadian sustainable innovation pitch competition that will award $25,000 to the winning entrant.

The new program was announced this week by: Ignite Labs, which operates innovation incubators in rural Nova Scotia; The Nova Scotia Innovation Hub, a group dedicated to sustainable energy; and BioNB

St. John’s-based Cyno, whose online platform helps physiotherapists work with patients, has signed a service agreement with ecommerce giant Shopify to provide ergonomic services to corporations.

Cyno issued a press release Monday announcing the deal with Shopify, the Ottawa-based company that offers ecommerce services to more than 1 million businesses in more than 175 countries.

Together, they

Our Job of the Week column today features a pair of openings at Halifax-based Rimot, which is looking for a Chief Operating Officer and an AI Data Developer.

Rimot helps companies or organizations to monitor their private wireless communications systems in remote locations. Its RimotRF solution constantly collects information about the transmitter and site, combining it with weather data to give

Outcast Foods, a Halifax company that makes nutritional ingredients and supplements out of food that would otherwise be thrown out, has raised $3 million in financing.

The company formerly known as Beyond Food issued a press release Thursday announcing the financing round, which follows a $1 million angel round early in 2019. The lead investors in the latest round include: The Cosine Group, a

Now that we’re through the year-end festivities and returning to work, let’s look at what we can expect from Atlantic Canadian startups in the 21st year of the 21st century.

Here are three things we’re watching in the coming year.

Funding

Funding in 2019 was both fantastic and, well, weird, and it would be nice if financing was a bit more conventional this year. It was fantastic because

Halifax-based Bloxo Inc., which aims to improve access to recreational sports, has partnered with Sports Nova Scotia’s reSPORT initiative and will launch the full version of its mobile app this winter.

Within a single application, Bloxo will allow facility managers to post open time slots, for sports organizers to book those slots and bring in other players, who can join and pay for a game. For