Revenues by private companies in the Prince Edward Island bioscience cluster logged in at $612 million in 2023, marking an increase of 84 percent since 2018, said the PEI BioAlliance in a statement.

The umbrella organization for the bioindustries on the Island releases data on the cluster’s economic performance each year. The most recent study of 50 bioscience sector companies based on 2023

Charlottetown’s latest innovation space, The Foundry, opened this week with an investment of $855,000 from the Atlantic Canada Opportunities Agency and $712,500 from the province.

The Foundry, which is run by the PEI IT Alliance, will support the delivery of essential programming and mentorship services for the province’s tech industry, ACOA said in a statement.

The new space on Great George

The Atlantic Canada Opportunities Agency has invested $545,249 in Saint John-based entrepreneurship hub ConnexionWorks and $3,007,434 in 10 New Brunswick Community Business Development Corporations and its association.

The ConnexionWorks funds allow the non-profit to offer its Premier Entrepreneurship Program over the next two years, providing early-stage entrepreneurs from Greater Saint John

Aeon Blue Inc., the Cape Breton green fuel and carbon capture startup, has raised $195,000 in equity funding from the Cape Breton Capital Group to help the company establish its first facility in 2027.

Based in Sydney River, Aeon Blue specializes in the production of sustainable eFuels by harnessing wind energy and seawater. The company’s technology and processes aim to integrate hydrogen

Halifax will see 18 post-secondary student teams showcase their projects at the Enactus Canada Atlantic Region Competition Feb 27 and 28.

Enactus Canada is a charity providing programs focused on inspiring post-secondary students to initiate and operate socially and environmentally positive enterprises. Currently, more than 2,000 students at over 76 campuses across Canada are engaged in Enactus

Halifax-based physicians’ network Virtual Hallway and IWK Health Genetics have joined forces to boost genetic health education among healthcare providers and improve access to specialized genetic services.

The partnership is part of a 12-month commercialization project at IWK through national innovation group CAN Health Network. The partners have developed interactive digital education modules

Events for Atlantic Canada’s startup community are now being listed on an events calendar created by Startup Atlantic, a network of startup groups and accelerators.
The Startup Atlantic Event Hub is a one-stop shop for all startup events happening across the region, the group said. The calendar lists networking opportunities, pitch competitions, industry workshops and more.
Startup Atlantic said

Startups in Atlantic Canada raised $176 million in venture capital in 2024, their weakest performance in four years, according to new data from the Canadian Venture Capital and Private Equity Association.

On Wednesday, the organization known as the CVCA released its VC data for 2024 showing the funding for the four East Coast provinces fell 15 percent from the previous year. The one bright spot

St. John’s-based Kraken Robotics has announced the loss of its founder and former CEO Karl Kenny on February 11, at the age of 64.

Kenny founded Kraken in 2012 and was instrumental in building the company into a significant player in subsea robotics over his 10-year tenure, before retiring in December 2022.  

“An ideas man and a builder, Karl’s energy was as relentless

A new Atlantic Canadian investment group is hoping to close its first fund this month, and make its first investment at about the same time.

TLT East Ventures is the brainchild of Michael Brown, a New Brunswick-born investment banker whose career has included a stint as a mentor with TechStars in New York. He is now working on an initial fund of between $1 million and $3 million to provide