recent news
Evolution Accelerator Applicants Sought
Genesis, the Newfoundland and Labrador startup hub, is looking for applicants to the Summer 2024 cohort of its 10-week Evolution accelerator, which will start in June.
Genesis bills Evolution as a “pre-incubator” course meant to prepare young
AlterBiota to Double Staff Following Equity Round
Concrete additive-maker alterBiota will aim to grow its staff from nine people to 20 or more by the end of this year with the help of a $4 million equity funding round led by Invest Nova Scotia.
Chief Executive Mark Masotti, a chemical engineer who
Potential Motors Raises $2M
Potential Motors, the Fredericton maker of control software for off-road electric vehicles, has raised $2 million as CEO Sam Poirier looks to scale the company’s technical capacity in anticipation of major production deals with manufacturers.
The
Simmonds Strikes Gold in New Book
It must be a decade ago that Ross Simmonds began espousing his DREAM mantra in his marketing seminars. It stood for “Distribution Rules Everything Around Me.”
Years have passed and Simmonds is still preaching about the importance of distribution,
EmployNXT, qualiTEAS Draw Accelerator Plaudits
Two East Coast businesses, Halifax’s EmployNXT and St. John’s-based qualiTEAS, will participate in events hosted by startup support organizations outside Atlantic Canada in the coming weeks.
EmployNXT, which sells an AI system that matches
Tribe to Host Youth Climate Pitch Competition
Tribe Network, the Halifax-based startup house focused on supporting BIPOC founders, will award $15,000 at the finals of its Youth Climate Pitch Competition on May 9.
Slated to be held at Tribe’s offices on Barrington Street at 1:00 p.m., the event
Kraken Robotics Raises $17.5M
St. John’s-based Kraken Robotics has announced a $17.5 million equity funding deal with a syndicate of investors led by Toronto’s Cormark Securities, with plans to spend some of the money in expanding its manufacturing capacity and physical capital.
13 Companies Join Accelerate
Invest Nova Scotia has announced the 13 companies joining the latest cohort of its Accelerate startup program.
Now in its fourth year, Accelerate offers participating startups four months of business and technical training and $40,000 of funding.
Halifax Cleantechs Pre-Sell Carbon Credits to MaRS
Three of the five startups chosen to pre-sell carbon credits to Toronto’s MaRS Discovery District under its Mission From Mars program are based in Halifax -- Carbon Run, Planetary Technology and Gaia Refinery.
The pre-purchase deals will involve
Sparrow in Ukraine
As Ukraine’s healthcare system grapples with the effects of the war, its cardiologists are receiving a helping hand from an unlikely source: St. John’s-based Sparrow Bioacoustics.
Led by CEO Mark Attila Opauzsky, Sparrow has been piloting its
Atlantiq AI Wins Clients, Launching App
Amid an upswell of AI startups focused on finding new uses for large language models, St. John’s-based atlantiq AI hopes to distinguish itself by offering software that automates day-to-day tasks for small businesses, like lead generation.
Founder
Mendonça Takes Helm at Ocean Startup Project
The Ocean Startup Project has a new Executive Director: Memorial University biologist Paula Mendonça, who was previously seconded to the bluetech industry group from her role as the school’s Director of Innovation and Entrepreneurship.
Mendonça