Halifax-based Modest Tree has been awarded a $32 million subcontract by Fleetway Inc. to develop training systems for the Royal Canadian Navy’s future River-class destroyers.

Modest Tree will deliver immersive training platforms built from validated digital ship design data and original equipment manufacturer documentation provided by Fleetway, which offers engineering and logistics support to

The Sobey School of Business and the Venture Capital program at Saint Mary’s University have won the New England Venture Capital Investment Competition, marking the latest success for the Halifax university’s young venture capitalists.

VCIC is an international organization that trains student venture capitalists and hosts regional and international competitions.  This time, the undergraduate

Two New Brunswick startups – Seafarer AI and Vartis Space – have been accepted into the inaugural cohort of Vimy Forge, a new defence-focused accelerator that has just received $1 million in federal funding.

The federal government issued a press release Monday announcing that the Atlantic Canada Opportunities Agency (ACOA) will provide $997,000 to the Fredericton-based accelerator through the

Fredericton-based Remsoft has acquired forest management software company INFLOR, adding a forest management system (FMS) to its portfolio of digital products for the forestry industry.

The companies announced the acquisition in a press release Friday but did not reveal the financial terms.

Remsoft, which provides planning, optimization and analytics software for the forestry sector, said the

Halifax-based pHathom Technologies has closed a $4 million seed round, which will help to finance pilot projects to validate its carbon capture technology.

The company, whose technology captures carbon from coastal bioenergy facilities, issued a press release Thursday saying Boston-based Propeller Ventures led the round. The other investors are the New Brunswick Innovation Foundation, Invest

The timing is perfect for the Invest Canada Conference to land in Halifax, says Benjamin Bergen, because Atlantic Canada excels at enterprises that are front and centre in the national economic agenda.

The new CEO of the Canadian Venture Capital and Private Equity Association, or CVCA, which is hosting the conference in Halifax on May 26-28, says his organization is now studying ways to

Bassam Kamal, a fourth-year computer science student at the University of Prince Edward Island, won first prize at the Spark Tank pitching event hosted by the PEI IT Alliance last week.

Kamal presented Adaptiv, an AI-driven fitness coaching app designed to adjust training and nutrition plans around real-life changes. Users enter personal metrics, goals, schedules, food preferences, and injury

Focus FS has launched a multi-year, $8 million artificial intelligence initiative aimed at improving safety and operational control in offshore oil and gas operations, with significant funding from the Hebron and Hibernia projects.

The St. John’s–based industrial software company said the two offshore oil and gas projects will each contribute more than $2.45 million toward the research and

Seline from Mount Allison University was the big winner last month at the BMO Apex Startup Challenge in Fredericton, taking home $8,500 in prizes.

The Apex event is an annual pitching competition hosted by the International Business and Entrepreneurship Centre at University of New Brunswick. Some 55 competitors from universities across Canada entered the competition to vie for $30,000 in cash

Oberland Agriscience, the Halifax company that turns insect larvae into agricultural feed, has received a $1 million investment from HCi3 as part of a funding round with a target of $10 million.

HCi3, which is the investment subsidiary of Efficiency Nova Scotia, issued a press release this week saying the $1 million cheque represented the largest single investment it had ever made in a company.