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AlterBiota closes $4-million seed round in mission to decarbonize concrete

Sydney, Nova Scotia-based cleantech startup AlterBiota has secured $4 million to develop, test, and commercialize its sustainable concrete additive.

New south walesMark masottiPascal lanctotJennifer fuccilloClimate tech fundCapital climate tech fundNova scotia basedInvest nova scotiaClimate techNova scotiaTech fundAtlantic canada

alterBiota secures $4 million seed financing led by Invest Nova Scotia

This marks Invest Nova Scotia's second investment in alterBiota, having participated in the company's pre-seed equity financing.

New south walesJennifer fuccilloMark masottiPascal lanctotCapital climate tech fundBiota incClimate tech fundInvest nova scotiaInvestment principalInvest novaTech fund

Rural Nova Scotia becoming Canada's biotechnology hub as startups move east

The Globe and Mail Brett Bundale Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Vaughan Merchant/The Canadian Press A remote East Coast community with roots in coal and steel might not seem like the setting for Canada’s high-tech future. Yet some of the country’s brightest minds are leaving big-city labs in Toronto and Silicon Valley and travelling to eastern Nova Scotia to scale up cutting-edge biotechnology. On the outskirts of Sydney, inside a carbon-neutral glass and concrete structure, entrepreneurs behind promising high-growth startups are testing innovations at scale using industrial equipment such as bioreactors, radio frequency dryers and fermenters.

Cape bretonNova scotiaNew south walesSan franciscoUnited statesVikram panditBeth masonPaul richardsPratish gawandMark masottiVerschuren centreArdra incVerschuren centre for sustainabilityPhycus biotechnologies incCape breton universityEast coast

Rural Nova Scotia becoming Canada's biotechnology hub as startups move east

Rural Nova Scotia becoming Canada's biotechnology hub as startups move east
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Cape bretonNova scotiaNew south walesSan franciscoUnited statesBrett bundaleVikram panditBeth masonRanithri abeynayakePaul richardsPratish gawandMark masottiVerschuren centreArdra incCanadian press onVerschuren centre for sustainability
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