Organization: Univ of Toronto

Microsoft Ventures invests in Montreal AI expertise

Microsoft Venture‘s new start-up fund has made its first investment in Element AI, a Montreal-based artificial intelligence start-up affiliated with researchers at McGill Univ, Univ of Montreal and Univ of Toronto. Founded by Dr Yoshua Bengio and serial entrepreneurs Jean-François Gagné and Nicolas Chapados, Element AI will use the undisclosed Microsoft investment to achieve scale…

RBC launches two new initiatives with U of T

RBC will establish the RBC Research in Machine Learning research practice and become a founding partner of the Machine Learning Lab, an initiative of the Creative Destruction Lab (CDL) at the Univ of Toronto (R$, October 11 & 27/16). The Research in Machine Learning team will be housed at the Banting Institute at U of…

UBC launching western Creative Destruction Lab

The Univ of British Columbia‘s Sauder School of Business is launching a BC version of the Univ of Toronto‘s Creative Destruction Lab (CDL) to assist young companies in accessing adequate funding for scale-up and growing within the province. Since its inception in 2012, U of T’s CDL has generated $800 million in equity value in…

U of T to upgrade 47% of its research lab space

The Univ of Toronto will spend $189.8 million over the next two years to upgrade nearly half of its research labs through its Lab Innovation for Toronto project. Funding is being provided by the federal government ($83.7 million) through its $2-billion Post-Secondary Institutions Strategic Investment Fund, the Government of Ontario ($14.3 million) and internal university…

Ontario boosts research collaboration with Israel

The Government of Ontario and several provincial universities have signed a series research, technology and innovation agreements with the Israeli government. The government-to-government memorandum of understanding includes $10 million in joint funding for academic-industry collaborations and $10 million forindustrial agreements through the Ontario-Israel Collaboration Program — the latter representing an additional $4 million over existing…

Rotman School presents inaugural awards

Two leading institutions and a financing pioneer were the first recipients of awards presented by the Creative Destruction Lab (CDL) at the Univ of Toronto‘s Rotman School of Management. The Labour Award was made to the Univ of Waterloo‘s Engineering and Co-op program while the Ideas Award went to the Canadian Institute for Advanced Research.…

Creative Destruction Lab selects award winners

The Univ of Waterloo is one of three winners of the inaugural awards presented by the Creative Destruction Lab (CDL) at the Univ of Toronto‘s Rotman School of Management. U of W won CDL’s Labour Award for its engineering and co-op program for its impact on Canadian competitiveness through the development and promotion of human…

University research funding drops first time in 14 years

University sponsored research income fell for the first time in 14 years, with the Top 50 institutions dropping 1.6% to $6.67 billion, according to the latest data from Research Infosource. Perennially top-ranked Univ of Toronto declined 6.2% to $1.04 billion, while the Univ of Montreal rose 4% to $548.8 million to claim the number two…

Encycle raises $2.85 million in start-up funding

Encycle Therapeutics Inc has completed financing of $2.85 million to support development of its nacellin platform chemistry and advance its therapeutics pipeline. The investment in the Toronto-based firm — spun off from the Univ of Toronto in collaboration with MaRS Innovation — will allow it to build on its relationships with pharmaceutical companies and position…

Spin-off targets new market for stem cells

A new Montreal biotech company has been launched to commercialize a technology that would overcome the shortage of bone marrow donors for patients with acute myeloid leukemia. Launched by the Institute for Research in Immunology and Cancer – Commercialization of Research and the Centre for Commercialization of Regenerative Medicine, ExCellThera is based on a proprietary…