Organization: Univ of Toronto

TD acquires Toronto AI firm

TD Bank has acquired Layer 6 Inc, a Toronto-based artificial intelligence firm, for an undisclosed amount. The bank said its latest investment is part of a transformation strategy to deliver personalized customer experience. Layer 6 offers an AI platform to financial institutions and e-commerce for prediction and personalization. Layer 6 is co-founded by co-CEOs Tomi Poutanen…

New appointees to CIHR Governing Council

The Governing Council of Canadian Institutes of Health Research has announced six new members appointed by Health minister Ginette Petitpas Taylor.

Ontario’s new chief scientist to serve advisory role

After a months-long public search, Ontario has announced the appointment of Dr Molly Shoichet as its first chief scientist who will advise the provincial premier on science and innovation policy based on scientific evidence.

CFI Innovation Fund supports 117 infrastructure projects

More than $554 million in federal funding has been allocated to 117 new infrastructure projects at several universities, colleges and research hospitals across Canada. The money comes from the Innovation Fund of the Canadian Foundation for Innovation (CFI) to provide researchers and students with tools to help them facilitate their research. About $423 million of…

Supercluster contenders must include strategies for confronting the risks in managing diverse interests

Managing different organizations with varying interests and different sizes of financial commitment will require a change in culture for the companies and institutions engaged in the Innovation Supercluster Initiative (ISI) competition. Governance and managing millions of dollars in government funds matched by industry are among the key challenges and risks ISI contenders will face, according to panelists at the recent Canadian Science Policy Conference

U of T’s Creative Destruction Lab to be replicated in NYC

Univ of Toronto’s Creative Destruction Lab (CDL) concept has found its way to New York City as the university’s Rotman School of Management collaborates with the New York Univ‘s Stern School of Business. Stern associate professor Deepak Hegde says the business school had been searching for an approach to integrate AI, life science and fintech…