recent news
Innovacorp Invested $2.1M in 2021-22
Innovacorp has revealed it invested a total of $2.1 million in nine companies in what was likely its final complete fiscal year, and admits the totals were lower than expected.
The Nova Scotia government’s venture capital agency recently released
Sustane Wins Mobius Award
Halifax-based Sustane Technologies has won the Innovator of the Year category at the 2022 Mobius Awards for Environmental Excellence, presented last week by Divert Nova Scotia.
The company has developed technology that transforms curbside garbage
Adaptiiv Closed A Round in 2021-22
Halifax-based Adaptiiv Medical Technologies has revealed it closed a Series A funding round worth “less than $10 million” in the past year and a half, and is planning on a Series B raise next year.
Adaptiiv CEO Alex Dunphy revealed the funding
Oceantech: Atlantic Canada Shines in Startup Genome Report
Startup Genome, the Silicon Valley group that ranks innovation ecosystems, has released its first ever blue economy report. And Canada, particularly the Atlantic provinces, made a strong showing.
Drinkable Wins $55K BIC Prize
Drinkable Water Solutions on Thursday took home the $55,000 prize in the annual BioInnovation Challenge, which will help finance the commercialization of its consumer-friendly water-testing device.
Halifax-based Drinkable has developed a device
Nominations Open for InnovateNB
Nominations will remain open for another week for the inaugural InnovateNB Awards, which will recognize leaders in innovation and entrepreneurship in New Brunswick.
The nominations – the forms for which can be found here – are open until Nov. 10,
Volta Announces AI Cohort
Halifax startup hub Volta has announced the five companies participating in its second Volta AI cohort for artificial intelligence startups focused on supply chains.
The program is the result of a partnership with Scale AI, the federally backed
Oceantech: Startup Challenge Names Winners
The Ocean Startup Project has announced the 30 idea- and early-stage bluetech startups from across Canada to win this year’s Ocean Startup Challenge.
Each year, the startup competition awards development capital, as well as training and mentorship
OSC Expands Diversity Project
Canada's Ocean Supercluster has announced an extension and expansion of its Diversity, Equity and Inclusion-focused Ocean Allies project.
Ocean Allies 1.0 aimed to improve the inclusiveness of the blue economy in Atlantic Canada through training,
Oceantech: Kraken Receives NATO Purchase Order
St. John’s-based Kraken Robotics said Monday it has received a $1.1 million purchase order for its AquaPix synthetic aperture sonar systems from two NATO navies.
Delivery of the systems is scheduled for the first half of next year. The AquaPix is
Venture Grade Backs Emma Labs
Venture Grade, a student venture capital fund based at Saint Mary’s University in Halifax, has invested $12,500 in online life insurance distributor Emma Labs.
Based in Montreal, Emma Labs targets younger life insurance buyers, aged 29 to 40, who
COVE, Innovacorp to Host Panel on Raising Capital in the Blue Economy
Provincial venture capital crown corporation Innovacorp is organizing a panel discussion on raising capital in the blue economy, to be held at Dartmouth’s Centre for Ocean Ventures and Entrepreneurship, as part of its Business over Breakfast series.