Rise, the Fredericton B-Crop specializing in sustainable home renovation materials, reached $3 million of revenue in its second year of sales and hit break-even.

The progress comes as Rise looks to concurrently raise $850,000 from angel investors and another $3 million of venture capital financing, CEO Matt Daigle said in an interview Thursday.

The company hit the revenue milestone in June,

Halifax life sciences startup 3D BioFibR and collaborator PlantForm Corporation, headquartered in Toronto, are receiving $1.3 million from industry group Next Generation Manufacturing Canada, or NGen.

The money will fund efforts by the two companies to scale 3D BioFibR’s process for manufacturing biofibres — fibres that exist in nature and are used by humans, such as spider silk and collagen —

Probiotics and nutritional supplements are billion-dollar industries in Canada. A Windsor, N.S. company aims to combine them.

TheraPBios PHARMA, doing business as Bioteem40, sells a range of nutritional supplements that include both probiotics and substances like collagen and biotin that can offer other benefits, like improved skin health. The company’s distribution network now includes 40

New Brunswick Community College has launched a program allowing public and private sector organizations to spend $25,000 for six months of work from an NBCC researcher as part of a push by the institution to promote digital readiness in industry.

TechVilleNB, as the program is named, is administered through NBCC’s College Office of Research and Enterprise, or CORE, industry group Springboard

Halifax’s Infusd Nutrition is the only Atlantic Canadian startup out of eight companies to be accepted into this year’s cohort of the federal Trade Commissioner’s Canadian Technology Accelerator for foodtech.

The four-month program offers innovative food companies training and business development opportunities focusing on exporting to a target region — in the case of the foodtech program

Canada’s Ocean Supercluster is seeking proposals for projects focused on integrating artificial intelligence into the blue economy.

The call is part of a broader, Canada-wide initiative by the Supercluster to foster innovations in oceans AI, reflecting a growing trend of companies like Halifax’s OceanSync and aquaculture technology startup ReelData.

“This program will provide incremental

With the help of sensors mounted on customer ships, Halifax’s OceanSync is commercializing a potential solution to a longstanding challenge for the marine industry: that of obtaining reliable weather data.

Chief executive Sebastiaan Ambtman, who founded the company in 2020 with energy sector entrepreneur Jarret Stuart, arrived in Halifax from Amsterdam by sailboat. During the passage, he recalls

Audiences are invited to attend two days of pitching contests and awards events at University of New Brunswick’s Fredericton campus.

On Thursday, January 25, the Elevator Pitch Competition and Networking Reception will see 30 teams from UNB and across Canada pitch their businesses in a lightning contest which gives each group one minute to sell their idea to the judging panel.

The contest will

Shift Energy, which uses machine learning to reduce energy use by large buildings’ climate control systems, is focusing its business development efforts on a major expansion push in the United States, senior vice president of strategic alliances Alan Zurakowski said in an interview.

Founded in 2009 and operated as a business unit of diversified technology company Mariner Partners, which is based

Cape Breton’s Carbide has launched a new tool, called Trust Centre, for software-as-a-service companies to share elements of their information security programs with clients.

Carbide, which was co-founded in 2017 by entrepreneurs Laird Wilton and Darren Gallop, sells products to help SaaS companies develop and communicate infosec strategies, including how to comply with regulatory frameworks