Organization: University of Toronto

The Short Report – May 8, 2019: Cannabis R&D, fuel cell demo, accelerator funding

With the goal becoming a mainstream healthcare company, Smiths Falls, ON-based Canopy Growth Corp. has spun off a new division – Spectrum Therapeutics – to oversee the company’s commercial medical and clinical research operations including Spectrum Cannabis, Canopy Health Innovations, and recently acquired Germany-based C3Cannabinoid Compound Company, which develops cannabinoid-based medical therapies. – Canopy Growth…

Toronto’s Creative Destruction Lab receives $25 million through the Strategic Innovation Fund

The Government of Canada is investing $25 million in the University of Toronto’s Creative Destruction Lab (CDL), a non-profit project to pair science-based startups with business expertise. The investment comes through the Strategic Innovation Fund, a $1.26 billion federal program to spur innovation in Canada’s industrial and technological sectors, with a focus on large projects…

Federal government must improve innovation funding practices: study

The federal government needs to improve assessment of “innovation intermediaries” it funds and better target future funding for business accelerators and incubators, says a study done for the Munk School of Global Affairs & Public Policy at the University of Toronto.

LG Electronics launches new AI Lab in Toronto

Korean tech giant, LG Electronics Inc. (LG) is launching the “LG Electronics AI Research Lab”, an extension of LG’s existing AI Research Lab in Silicon Valley, at the Univ of Toronto. The new facility is the latest LG AI lab, joining existing labs in South Korea, India, and Russia, as a part of LG’s growing…

Canadian VC investment strategy hurting VCs and Canadian innovation: Report

Innovation in Canada will be seriously compromised unless domestic venture capitalists start throwing  big bucks into Canadian firms, suggests a new report. Big funding is one of the secrets of success of US firms, whether in Silicon Valley, or in other technology hubs in the rest of the US. In contrast, it is a challenge to get large funding tranches from Canadian VCs.