Their Advantage –Success Stories
There is vast economic development in the Newfoundland and Labrador Capital region. We have world-renowned experience in the energy sector, cutting-edge expertise in ocean science and arctic engineering, a unique strategic positioning to service the aerospace and defense sector, and hyper-productive innovation networks in the technology sector. Our region provides an unparalleled quality of life with a vibrant community culture and connection with nature that we leverage to attract, train, and retain truly world-class talent.
Let's share our story with the world. If you have a success story to share about creating, leading, or thriving in a company here in the Newfoundland and Labrador Capital region, we want to hear it!
Oceans: St. John’s – Canada’s Ocean Tech Powerhouse
Oceans: St. John’s – Canada’s Ocean Tech Powerhouse
St. John’s is widely recognized as Canada’s Ocean City, home to the country’s largest ocean economy. The sector spans marine technology, fisheries, offshore oil and gas, ocean observation, and defence. The global ocean economy is projected to double to $3 trillion by 2030, and St. John’s is poised to lead.
Kraken Robotics, headquartered in Mount Pearl, is a global leader in 3D imaging sensors, power solutions, and robotic systems with clients across more than 30 countries worldwide. Their Synthetic Aperture Sonar (SAS) is used by NATO navies and offshore energy companies. In 2020, Kraken secured a $40 million contract with the Royal Danish Navy for KATFISH towed SAS systems, reinforcing its international reputation.
SubC Imaging, headquartered in Clarenville with team members based in St. John’s, develops integrated underwater imaging systems and software that help teams collect high-quality subsea data. Their technology supports marine research, deep-sea exploration, and offshore energy, with clients in over 30 countries.
Virtual Marine, a local leader in simulation technology for over 20 years, designs advanced training systems focused on marine safety. Their lifeboat simulators are used by offshore oil crews and naval personnel, helping to reduce training costs while enhancing safety and preparedness.
The region’s strength is amplified by Memorial University’s- Fisheries and Marine Institute, the National Research Council’s Ocean, Coastal and River Engineering Research Centre, and the Ocean Supercluster, which has invested over $91 million in collaborative ocean tech projects in the St. John’s Region