According to Narwhal List 2018 of Canadian private companies in technology, 2017 was so successful in attracting VC money that 2018 might see a few “narwhals” possibly maturing to become “unicorns.”
Is Canada finally getting its innovation house in order? Two recent developments offer encouraging signs that federal (and provincial) policy is beginning to address past shortcomings at both ends of the innovation spectrum, acknowledging the importance of fundamental research and ensuring that rapidly expanding tech firms grow while remaining in Canada.
Cyclone Manufacturing Inc has received $8 million in federal funding to boost production of its aircraft parts, and expand its services and marketing activities. The Mississauga ON-based supplier to original equipment manufacturers has a strong client base including Bombardier, Airbus, Boeing and Embraer. Funding was provided by the Federal Economic Development Agency for Southern Ontario….