recent news
BDC Launches $500M Fund for Women
The Business Bank of Canada, or BDC, has established its Thrive Venture Fund and Lab for Women to act as a catalyst for disruptive companies led by females.
The $500 million fund will make direct investments in women-led technology ventures at
Innovacorp Names Greenshoots Cohort
Innovacorp, Nova Scotia’s government-owned venture capital agency, has announced the five companies in its latest GreenShoots cohort, which are receiving a combined $170,000 in grants.
The funding and mentorship program offers agtech, biotech
Novagevity Closing $2.5M Seed Round
Halifax-based Novagevity, which makes plant-based meal replacements, is on the verge of closing a $2.5 million seed round, with which it plans to broaden its distribution in Canada and prepare for a U.S. launch.
The company makes the Sperri brand
Black Arcs Wins Defence Deal
The Black Arcs, a Fredericton company that provides artificial intelligence for city planners, has scored a $1 million research and development deal with the Department of National Defence to adapt its technology to model disease outbreaks.
Founded
Volta Ecosystem Awards This Thursday
Halifax startup hub Volta’s fourth annual Ecosystem Impact Awards are coming on Thursday, honouring changemakers from the region's innovation ecosystem.
Scheduled to be held from 5:30 p.m. to 7:30 p.m. at Volta’s Barrington Street workspace, the
Enterprise Accelerator Graduates 8 Companies
Newfoundland and Labrador’s Genesis startup hub has graduated eight companies from its flagship Enterprise accelerator.
Enterprise targets companies looking to reach $1 million in annual revenue, and which already have a minimum viable product and
ABK Wins FDA Approval
Halifax medical device maker ABK Biomedical has received approval from the United States Food and Drug Administration for its Easi-Vue embolic microspheres, which are used to treat deformed blood vessels and cancer tumours with abnormally large
Evolution Accelerator Deadline is Oct. 3
Newfoundland and Labrador’s Genesis startup hub has put out a call for applications for the fall cohort of its eight-week Evolution startup accelerator, with an Oct. 3 deadline.
Genesis bills Evolution as a “pre-incubator” course meant to prepare
The Rounds Raises $5.1M
The Rounds, a Halifax-based social network for medical professionals, has raised a $5.1 million seed round, bringing the company's total capital raised since its founding in 2012 to $7.8 million.
The money will go towards continued development of
A Look at 2022 Funding So Far
With almost nine months in the books, 2022 is proving to be a pretty good year for funding by innovation companies in Atlantic Canada, on track for a quarter-billion dollars in equity capital.
With the announcement of a $5.1 million funding round
Mariner, NSBI Reach $1M Payroll Rebate Deal
Nova Scotia Business Inc., the provincial business development agency, has signed off on a payroll rebate program for Gerry Pond’s Mariner Partners worth nearly $1 million over five years.
Mariner is the 270-person firm founded by former NBTel CEO
Unprecedented Change in East Coast Ecosystem
Here’s something to ponder as we enter the busiest part of the year: we’ve never seen so much uncertainty in the Atlantic Canadian startup ecosystem as we’re seeing right now.
The ecosystem as we know it today has only been around for a little more