Sustane Technologies has received a $950,000 funding package from the Atlantic Canada Opportunities Agency and used it to develop a system for converting plastic waste into naphtha — one of the constituents of gasoline and jet fuel, though the Chester, NS, company plans to sell it for use in manufacturing new plastics.

In a statement, ACOA indicated Sustane has already received at least some of

A phishing scam that led to Invest Nova Scotia sending $573,000 to an imposter posing as a venture capital executive will not impact startups, the provincial economic development corporation said Monday.

First reported by The Halifax Examiner and AllNovaScotia, the theft happened in May and was discovered in June. The theft was the work of a hacker using a Russian VPN. In an email, Director of

When Marcel Gaier commutes to work these days, he often travels via a ferry treated with his own company’s environmentally friendly hull coating.

Gaier is the chief technology officer for GIT Coatings, previously Graphite Innovation and Technologies, which he co-founded eight years ago with Mo AlGermozi, the chief executive officer. Their business has seen about 400 percent sales growth so far

Bluedrop Training and Simulation, a longtime player in the East Coast innovation economy, is receiving a $448,950 loan from the Atlantic Canada Opportunities Agency to incorporate AI into its product offerings.

One half of an organization that also includes Bluedrop ISM, or integrated skills management, Bluedrop Training and Simulation sells virtual reality simulators and training programs for

Life Sciences Nova Scotia CEO Doris Grant will take on an additional role following a collaboration agreement between her industry group and Nova Scotia Health.

Grant has been announced as the Nova Scotia Health Innovation Hub’s new managing director, returning to the organization where she previously spent just over three years as senior director of innovation. Gail Tomblin Murphy, a top civil

Halifax supplements startup Infusd Nutrition has signed a partnership agreement with another, more mature life sciences company nearby in P.E.I., Natures Crops International.

Infusd, the creation of lawyer Jack MacDonald and chemical engineer David Giffin, has developed a process to make fat-soluble nutrients, such as omega-3 fatty acids and many vitamins, water soluble. The company uses the

BIOVECTRA, the Charlottetown drug maker that in 2019 was bought by Miami-based H.I.G. Capital for US$250 million, has reached an agreement to be sold again, this time for US$925 million or C$1.27 billion.

The deal with Santa Clara, California’s Agilent Technologies is expected to close by the end of this year, BIOVECTRA said in a statement. The companies did not disclose the conditions that must

Two alumni of cybersecurity unicorn Verafin have returned to the startup world with an AI tool meant to help business-to-business product teams gather customer feedback, and just months after founding their new business, they have raised about $800,000.

Aucure is the creation of Andrea King, who spent a little over two years at Verafin before becoming NASDAQ’s Director of Media and Government

John Risley’s World Energy GH2 plans to work with Dalhousie University to test a roster of potential replacements for the costly precious metals used in green hydrogen production — with the help of AI.

World Energy earlier this summer received environmental approval to build a four-gigawatt wind farm and 1,200-megawatt hydrogen plant near Stephenville, Newfoundland and Labrador. Project

The University of New Brunswick is looking for applicants to its Saint John-based Axis Sales Accelerator, a 10-week program for business-to-business startups looking to grow their revenues and prepare to raise capital.

The program, which will begin in September and require three to five hours per week from participants, is aimed at positioning the founder of a company as its lead salesperson, as