The Atlantic Canada Opportunities Agency has announced a raft of funding deals for Nova Scotia companies, including five startups, as part of the federal government's Jobs and Growth Fund, created last summer to buttress the economic recovery after COVID-19.

ACOA is administering $70 million of the total $700 million fund, with investments focusing on environmentally friendly and socially

Nova Scotia venture capital agency Innovacorp has won the Canadian Venture Capital and Private Equity Association’s Venture Capital Deal of the Year award for its headline-making $104 million exit from advanced materials startup Meta Material.

A statement from the CVCA included two new pieces of information about the NASDAQ listing and Innovacorp’s subsequent sale of its shares: the internal

Dartmouth’s CarbonCure Technologies, which sells carbon sequestration technology for the concrete industry, has won another accolade. This time, it is among 10 companies recognized by federal agency Sustainable Development Technology Canada as 2022’s Sustainability Changemakers.

Introduced for the first time this year, the list recognizes SDTC portfolio companies with annual revenues of at least

Saint John-based TrojAI, which makes cybersecurity software for artificial intelligence systems, has been recognized as one of the 100 most promising AI startups in the world by New York startup intelligence group CB Insights.

CB Insights this week published its sixth annual list of the world’s most promising AI startups in the world. Betakit reported Thursday that five of the companies are

Several startup organizations have come together to generate a major Atlantic Canadian presence at Startupfest in Montreal this summer and are branding the initiative Startup Atlantic.

In particular, the organizers are hoping business accelerators and incubators, or BAIs, will send representatives and that founders themselves will attend the event to network and promote their companies.

Though

Fredericton’s PLATO Testing, an Indigenous information technology services and training company, has raised $2 million from Vancouver-based Raven Indigenous Capital Partners and plans to roughly double its staff over the next year.

The deal is a step towards making good on a promise CEO Keith McIntosh made when he founded PLATO to eventually transfer majority ownership to Indigenous hands, since

TechImpact, a New Brunswick industry group for information technology, is at the forefront of a private sector movement in the province to help resettle and employ knowledge workers displaced by the war in Ukraine.

The organization has created a webpage with resources for both Ukrainian refugees and companies interested in hiring them, including a link to a provincial registry of employers

Canada’s Ocean Supercluster said Tuesday it will spend $750,000 on a program to help Indigenous people transition to careers in the ocean economy, topped off with another $250,000 from the Vancouver-based Clear Seas Centre for Responsible Marine Shipping.

The funding announcement follows-up a pilot program with 11 participants in the middles of their careers, all of whom successfully pivoted to

Atlantic Canadian startups booked a solid $64 million worth of capital raises in the first quarter of 2022, according to data released Tuesday by the Canadian Venture Capital and Private Equity Association.

It was the best fundraising quarter since last spring, with Atlantic startups raising $41 million in the fourth quarter of 2021 and a mere $10 million in the July-September period. 

In the

The Samqwane’jk Ocean Partnership Initiative, a joint project between Ulnooweg Development Group and Dartmouth’s Centre for Ocean Ventures and Entrepreneurship, or COVE, has announced an undisclosed amount of funding for a trio of Indigenous-run ocean startups.

3D Wave Design, Miawpukek Horizon and Smak’nis Maritime Security were chosen to co-run research and development projects with COVE, with