Sherbrooke, Que.-based Oneka Technologies has closed the $12.5 million first tranche of its Series A funding round, which included Invest Nova Scotia and was led by British Columbia’s Hoffecker family, with plans to raise up to another $10 million.

Oneka is developing seawater desalination buoys powered by wave energy in an effort to address the high energy requirements of conventional systems.

Halifax-based Tribe Network, which offers national startup support services to BIPOC entrepreneurs, has officially opened its new, two-storey office on Barrington Street.

The property, located near City Hall, will not only house Tribe’s operations, but also act as a community and knowledge-sharing hub for racialized entrepreneurs, chief executive Alfred Burgesson said during an event Wednesday.

A new Halifax venture capital fund backed by Natural Products Canada and agricultural lender Farm Credit Canada, helmed by a pair of startup ecosystem stalwarts, has announced the $20 million first close of a planned $50 million to invest in seed stage and Series A companies.

Nàdarra Ventures is led by managing partner Malcolm Fraser and general partner Mary Dimou, who plan to invest primarily

St. John’s-based Mysa Smart Thermostats has launched its fifth product, Mysa LITE, which is a low-cost version of its flagship control system for electric baseboard heaters.

The new thermostat is positioned as an affordable way for consumers to cut down on their electricity bills by automatically adjusting the heaters to minimize energy consumption.

The announcement comes two months after Mysa

Aerial Vehicle Safety Solutions, the Rothesay, NB, maker of safety equipment for drones, has won a high-profile pitch competition at the Commercial UAV Expo in Las Vegas.

Led by chief executive Josh Ogden, the 2017-founded startup was one of three companies to win out of a field of 17 at Pitch the Press — a competition aimed specifically at showcasing drone technology to reporters and editors,

Online startup accelerator Propel has announced the 16 companies participating in its Vision and Validation program, which is its new training program for the founders of early-stage companies.

Nova Scotia and Newfoundland and Labrador both have five startups in the cohort, while four are from New Brunswick and two are from P.E.I. The program started July 12, and focuses on teaching new

The Women’s Equity Lab Atlantic angel fund, the recently created, female-focused angel investing group from the non-profit Atlantic Women’s Venture Foundation, has announced its first three investments.

Founded six months ago and representing Atlantic Canada's only pan-regional angel network, the fund has now invested in medtech startups Hollo Medical and Uresta, as well as portable wind

The Prince Edward Island BioAlliance is seeking innovation-driven companies to lease space in its new BioAccelerator facility, which is slated to be completed in 2025 and will offer biomanufacturing facilities and office space.

In a statement, the BioAlliance said potential tenants could include early-stage companies, as well as small- and medium-sized enterprises. It will also be home to a

Dalhousie University held its inaugural Pitch Day for graduates of its Dal Innovates and Emera ideaHUB accelerators Thursday, with HerBiome Skincare and XO Technology winning for Launch and ideaBUILD, respectively.

In total, 19 startups competed for a $15,000 prize pool, with Phyco Technologies and Oxebow Enterprises each taking home a people's choice award. The pitch day complements the demo

The organizers of the second annual InnovateNB Awards, which will be presented at a celebratory event in Fredericton Oct. 12, have announced their finalists.

The list includes contenders across nine different categories, ranging from Diversity and Inclusion Champion to Productivity Improvement by Adapting Technology. The awards will be part of a full day of activities, including a range of