The increasingly difficult environment is taking its toll on the Atlantic Canadian startup community, as a record number of companies in the Entrevestor Databank have failed in 2023.

As we begin to examine the startups in our databank for this calendar year, we’ve already identified 117 companies that we’re removing from the list because they’re no longer in business. It’s a preliminary tally,

Ocean technology has emerged in recent years as a particular strength of the Atlantic Canadian startup community, with ecosystem intelligence provider Startup Genome ranking the region as the eighth strongest worldwide. St. John's-based Kraken Robotics’ announcement that its most recent quarter was its best ever highlights the strength of the sector even amid turbulent macroeconomic conditions.

Kraken Robotics posted record revenue in its third quarter, driven by demand from militaries and offshore energy projects, including for subsea batteries and mine-hunting sonar systems.

In its financial results for the three months ended Sept. 30, Kraken, which trades on the TSX Venture Exchange, said the third quarter saw it bring in $20.2 million of revenue, compared to $12.3 million for the

Halifax medical device-maker Hollo’s $50,000 win at the QEII Health Sciences Centre Foundation’s Innovation Den awards comes as the company makes strides towards commercialization, according to CEO Sara Fedullo, including signing a letter of intent with a global distributor.

Hollo, which is developing an improved spacer for asthma inhalers, was one of six finalists to pitch. Fedullo co-founded

Transport Canada is looking to spend $22.5 million to fund research and development work on low-emission marine propulsion systems over the next five years.

The Clean Vessel Demonstration Stream of the federal agency’s Green Shipping Corridor Program, announced Friday, will offer grants for research, engineering and feasibility studies; safety assessments for pilot projects; and the development

Startup Genome, the Silicon Valley group that ranks innovation ecosystems, has released its combined report on cleantech and bluetech ecosystems, building on last year’s bluetech list, with Atlantic Canada improving its showing from 10th to eighth in the oceans rankings.

The report is officially being launched at the COP28 climate conference on Dec. 2, but has been made available online ahead of

With several large Canadian clients, Four Eyes Financial is turning its sights to the United States market, with the Saint John maker of regulatory compliance software for wealth management businesses planning a roughly two-year expansion push.

Founded by CEO Lori Weir and CTO Kendall McMenamon in 2015, Four Eyes sells its software to back office firms like Winnipeg-based Wellington-Altus

The Canadian Alliance for Skills and Training in Life Sciences, a national industry group led by the P.E.I. BioAlliance and headquartered in its Charlottetown biomanufacturing incubator, is launching a national upskilling program for biomanufacturing, along with a training facility in Montreal.

The upskilling initiative, called CASTL Elevate, is the first in a planned series of programs offered

Dartmouth pharmaceuticals company Sona Nanotech has raised money via a private placement share sale for the second time this year, capitalizing on recent increases in its stock price.

In a statement Monday, Sona, which trades on the Canadian Securities Exchange, said it had sold an additional 3.75 million shares to raise $750,000. The deal comes in the wake of a similar $1.1 million share

Invest Nova Scotia has announced the nine medtech companies participating in the 2023-2024 cohort of Scale-up Hub: Cambridge, its cross-border business development accelerator.

The nine-month program is funded mainly by the Atlantic Trade and Investment Growth Strategy — a joint initiative between the federal government and the four Atlantic provinces that plans to spend $20 million by 2027.