Topic: artificial intelligence

MoneyTree-PwC report: VC-backed deals up in Q2 as interest in AI soars

The venture capital community in Canada was upbeat in the second quarter of the year, investing in 116 deals from 112 in the first quarter. But the value of investments dropped by 7% to only US$900 million compared to the first quarter. Still, the latest MoneyTree report by PwC Canada and CB Insights noted a…

National Cyber Security Strategy launched

The federal government has released a new National Cyber Security Strategy based in part on a Cyber Review with public consultations conducted in 2016 and first announced in Budget 2018.

G7 leaders commit to STI concerns

G7 Leaders have committed to act on key issues brought to their attention by the science, technology and innovation (STI) community, particularly around artificial intelligence (AI) and climate change. However, the US stayed away from any further climate change commitments, while Canada’s STI stakeholders are asking for action beyond signatures on a piece of paper.

Bank of Canada teams up with CDL on new tech for financial services

The Bank of Canada will team up with the Creative Destruction Lab (CDL) to learn more about emerging technologies and their applications in financial services. In line with its 2019–2021 Medium-Term Plan, the Bank forged the partnership to keep abreast of developments in artificial intelligence, machine learning, crypto currencies and quantum computing. The partnership with…

Reports: Q1 2018 records strong VC interest, but PE growth ‘slow’

Investments in innovative companies were up in the first quarter of 2018 (Q1/18) across several sectors with venture capital funds leading the way, according to two new reports on Canadian activity. However, when it comes to private equity investments, one report indicates that investments were relatively slow but still bigger in value.

OCE supports six regional sites for C/AV

Six regional technology development sites (RTDSs) across Ontario will receive financial support from the Ontario government as part of the Autonomous Vehicle Innovation Network (AVIN) project, which seeks to position the province as a leader in transformative automotive technologies, transportation systems and related supporting infrastructure. Earlier this month, the Ontario Centres of Excellence (OCE), which…

Research Money ≠ Research Effort

Expenditure-based measures have been the most successful and best used indicator of innovation to date because the data can be collected with minimal effort and maximum accuracy (not perfect) and interpreted without huge complexities.

Ontario Budget 2018 puts more support for scale-ups, startups and promising sectors

With elections just around the corner, Ontario Liberals released earlier than usual its 2018 budget, which includes at least $1.5 billion for R&D and innovation. The $158.5-billion spending plan focuses largely on enhanced social, education and healthcare initiatives but also commits millions to businesses as well as R&D, innovation and competitiveness.