Saint John-based Millennia Tea has closed a seed round that bolsters its ability to meet the growing demand for its tea, which is prepared in a way that preserves nutritional properties.

The company, which declined to reveal the size of the round, said it had received investment from: Charlottetown-based Natural Products Canada; New York-based investment group SOSV, which operates the Food-X

The New Brunswick Innovation Foundation has named the province’s top research mentors for 2020, supporting their work with almost $165,000 in prize money.

NBIF had planned to announce the awards as part of its Top 25 Star Mentors luncheon at the biennial R3 event, which was cancelled this month due to the Covid-19 pandemic.

“New Brunswick is home to extraordinary researchers who are dedicating

Prime Minister Justin Trudeau has announced new measures to support businesses during the pandemic. They include expanding the Canada Emergency Business Account (CEBA) and initiating a plan to help businesses with rent payments.

In a statement, the federal government said it is expanding CEBA to businesses that paid between $20,000 and $1.5 million in total payroll in 2019.

This new range will

The Dartmouth-based Centre for Ocean Ventures & Entrepreneurship, or COVE, and rural technology incubator Ignite have signed a memorandum of understanding to assist entrepreneurs and businesses in the “fish tech” sector.

The partnership will deepen sector expertise of capture fisheries and aquaculture by sharing ideas for new technology creation and adoption and pairing, the partners said in a

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We’re entering the home stretch of our survey that gauges how Atlantic Canadian startups are faring in the current downturn.

Entrevestor and Pivotal Coaching are partnering to conduct the survey, which will show how the Covid-19 crisis is affecting staffing and revenues, and reveal CEOs’ sentiments in coping with the effects of the crisis.

It’s 100 percent anonymous, and it

About a month into the lockdown, I’ve been trying to assess the mood and experiences of Atlantic Canadian startups, and it’s difficult to sum up in a few sentences.

Some companies have seen revenues vanish and are wondering if they’ll survive. Others have found sudden demand for their products. Cash-rich companies developing medical products are waiting to get into the lab again. And some IT

Innovation companies and health partners based in Nova Scotia are collaborating on designing new products to address the needs being thrown up by COVID-19.

Spring Loaded Technology, Ring Rescue and engineering firm Enginuity are working with Dartmouth General Hospital Foundation and the Nova Scotia Health Authority Health Innovation and Discovery Hub to design solutions to emerging problems.

When 98 percent of Queen of Cups Lingerie’s revenue vanished in the Covid-19 crisis, owner Abbey Pond knew she had to move to online sales.

For the past few years, Pond had grown business from her studio in St. Stephen, NB, where clients could visit and be fitted for a custom-made bra. But that business model didn’t work in the world of Covid-19 so she had to pull the trigger on a long-standing

We’ve been asked how our survey will help startups in Atlantic Canada. The answer is it will help policy-makers understand how the pandemic is impacting high-growth businesses in the region, which should result in better programs.

We launched our survey Monday, and are delighted with the dozens of responses we’ve received already. We’ve also received questions about why it’s important and how it

The University of New Brunswick’s student venture capital fund has made its first investment.

The Fraser Student Venture Fund is worth about $400,000, according to Faculty of Management Dean Devashis Mitra, with the money having been donated by alumnus and wealth manager Charles Fraser. It has invested $25,000 in geo-mapping startup 3D Planeta.

The fund is managed by New Brunswick Innovation