St. John's-based Kraken Robotics said Monday it has closed a deal, announced last week, to raise $10 million from a consortium of investment bankers, who will then have the option to sell their stock on the TSX Venture exchange.

The $10 million

Nova Scotia venture capital agency Innovacorp's portfolio is performing so well that the provincial Crown corporation is hoping to self-finance its operations going forward without government support, according to Vice-President of Investment Andrew

Charlottetown-based life sciences company AffinityImmuno Inc. is teaming up with the University of Western Ontario to conduct animal tests on a compound they believe can battle COVID-related viruses.

Founded by the husband-and-wife team of Jonathan

Moncton startup hub Venn Innovation has been honoured by the Technology Councils of North America as part of their third annual TECNA Innovation Awards, winning the Innovative Member & Client Services award for its Venn Garage incubator.

Venn

The University of New Brunswick has named the nine Atlantic Canadian companies going through the second cohort of Scale Up Atlantic Canada, which helps companies accelerate their revenue growth.

In 2018, the university’s J. Herbert Smith Centre for

EY Canada has named seven winners in the Atlantic division of the 2021 Entrepreneur of the Year competition.

The global consultancy this week revealed the winners for all Canadian regions, including the Atlantic winners. These regional winners will

Having sold its Squiggle Park online reading game, Halifax-based edtech company Eyeread is planning to focus on developing a platform that can be used to deliver educational content, including games, to students.

Bellevue, Wash.-based DreamBox

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 very early stage companies.

Six of the companies are from New Brunswick, five

St. John's-based Kraken Robotics said Wednesday it has inked a deal to raise $10 million by selling shares to a consortium of underwriters led by investment bank Canaccord Genuity Corp. It will also buy another Newfoundland and Labrador company, 

Halifax-based respiratory therapy startup NovaResp has received Health Canada approval to conduct an “interventional study” at the city’s Queen Elizabeth II hospital, testing its sleep apnea treatment on 25 patients with the condition.

Founded by

Halifax’s Coloursmith Labs, which is developing advanced optical  filters for contact lenses and eyeglasses, has closed a $2 million equity round, led by the female-focused investment fund, Sandpiper Ventures.

Sandpiper on Tuesday issued a press

St. John’s-based startup hub Genesis has launched a new, intermediate-level accelerator to fill a gap between its Evolution program for early-stage companies and its Enterprise program for more advanced startups.

Dubbed Evolution+, the new