Author: Mark Henderson

NEXT Canada programs to support 100 high-potential start-ups

Up to 100 start-ups in Southern Ontario will be able to access seed funding under NEXT Canada’s innovation and entrepreneurship programs. Entrepreneurs can get up to $30,000 each in matching funding through a $3.6 million investment by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) in NEXT Canada, a not-for-profit mentoring, training and…

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Feds announce $155 million to help natural resources sector address climate change

The federal government has announced a $155-million program to help the natural resources sectors address climate change by developing and deploying clean technologies that will lower their notoriously high greenhouse gas emissions. The funding under the new Clean Growth Program (CGP) is aimed at the energy, mining and forestry sectors for pre-commercial projects between technology readiness levels 3 to 9.

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Dr Elissa Strome

The Canadian Institute for Advanced Research (CIFAR) has appointed a new executive director to head its recently funded Pan-Canadian Artificial Intelligence Strategy. Dr Elissa Strome of the Univ of Toronto will join the CIFAR team effective January 2, 2018, announced Dr Alan Bernstein, CIFAR president and CEO. The $125-million Pan-Canadian Artificial Intelligence Strategy funded under…

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Ontario creates network for research and innovation in vehicle technologies

Ontario is positioning itself as a destination for innovation and research around cars of the future with the creation of the Autonomous Vehicle Innovation Network (AVIN). On November 8, Premier Kathleen Wynne was on hand in Stratford ON to launch the network and announce funding of $80 million over five years . Working with the…

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VCs ink MOU with Bioindustrial Innovation Canada on co-investment prospects

Five venture capital firms have signed a Memorandum of Understanding (MOU) with Bioindustrial Innovation Canada (BIC) to explore investment opportunities. The five — ArcTern Ventures, Cycle Capital Management, Fraser Mackenzie Merchant Capital, GreenSky Capital of Canada, and Paris-based Sofinnova Partners – are looking into investments in the bioeconomy and clean technology. The MOU allows the…

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Inocucor gets $2.5M for second bio-fertilizer product

Montreal-based Inocucor Technologies Inc will advance development of its second bio-fertilizer product with $2.5 million in funding from Sustainable Development Technology Canada (SDTC), a government foundation supporting cleantech projects. Inocucor will use the funds to scale-up production and marketing of Synergro Free bio-fertilizer, which is touted to naturally generate robust yields in commodity crops such as…

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FPInnovations, Allnorth team up to provide energy management solution for pulp, paper firms

FPInnovations has forged a strategic partnership with Allnorth – a Vancouver-based provider of engineering and technical services – to develop energy management solutions to boost the competitiveness of pulp and paper companies in the North. The tie-up combines FPInnovations’ process insight with Allnorth’s engineering expertise to expand the work of FPInnovations with the CanmetENERGY branch of…

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RBC steps up investments in AI with new Montreal lab

Montreal has attracted two Canadian financial institutions to its emerging artificial intelligence (AI) cluster. The Royal Bank of Canada has announced more investments in AI research with a new AI lab to open in the city. It also announced a joint, $4-million investment with Bank of Montreal for the Creative Destruction Lab, also in Montreal.…

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