recent news
Planetary Wins US$1M XPRIZE Interim Award
Halifax’s Planetary Technologies has won a US$1 million Milestone Award from the new US$100 million Carbon Removal XPRIZE.
The latest version of the XPRIZE, which is funded by the Elon Musk Foundation and will award its grand prize in 2025, has
ACOA, Feds Distribute $2.9M
The federal government has announced $2.89 million of funding for innovation-related projects in Halifax and Cape Breton as part of its COVID-19 recovery package.
The money comes from the Atlantic Canada Opportunities Agency, via the federal
3 NS Companies Vie for Next Carbon XPRIZE
This Earth Day, we're recognizing a trio of Nova Scotian companies that are vying for the new US$100 million Carbon Removal XPRIZE, slated to be decided in 2025. Halifax’s Planetary Technologies and Reazent have both entered the competition as
ABK Starts Human Trials
Halifax medical device maker ABK Biomedical has begun human trials for its Eye90 microspheres — tiny, mildly radioactive glass spheres visible on x-rays and CT scans, which can be injected into patients and used to view the size and shape of
Snorble Raises $12.3M at $50M Valuation
Halifax’s Snorble has raised US$10 million or C$12.3 million from a single investor, New Jersey-based GK Venture Partners, valuing the company at US$40 million or C$50.1 million.
The deal, which CEO Mike Rizkalla said in an interview is effectively
Farmers’ Truck Sales on a Tear
Moncton social venture The Farmers’ Truck nearly doubled its sales last year as pandemic-related economic woes increased food insecurity in some parts of the United States.
CEO Fredéric Laforge said in an interview that “food deserts,” which are
Volta Calls for Pitches
Halifax startup hub Volta is looking for companies to participate in its next quarterly Pitch Competition.
The competitions offer budding entrepreneurs the chance to practice giving a three-minute pitch to a panel of judges. Winners are chosen
Resqunit Bags 30K-Unit Order
Norwegian oceantech company Resqunit A/S, which maintains an office in Halifax via subsidiary Resqunit Canada Inc., has announced a “breakthrough order” from Shippagan, New Brunswick-based Entreprises Shippagan — a major wholesaler for the
Celtx Acquired by Backlight
St. John’s-based Celtx, which makes scriptwriting and project management software for the film and video game industries, has been acquired by media holding company Backlight in a buyout funded by growth equity firm PSG.
The deal is part of a
Smart Energy Event Seeks Pitches
The annual Smart Energy conference has opened applications for its startup competition, the Smart Energy Pitch Challenge.
The winner of the competition, which is presented by OKR Financial, will bag a $5,000 cash prize from Innovacorp. The
Millennia Tea Signs with Loblaws
When Saint John-based Millennia Tea brought its frozen tea products to market in the depths of the pandemic, CEO Tracy Bell had a problem: how to entice potential buyers in a world where the usual promotional methods were unworkable.
Food companies
UNB, Mastercard Ink $1.75M Cyber Deal
Mastercard will sponsor the University of New Brunswick’s Canadian Institute for Cybersecurity, or CIC, to the tune of $1.75 million, with the money going towards establishing a security research chair and funding scholarships.
The CIC’s new