Author: Mark Mann

University of Alberta opens venture space for commercializing health innovation

The University of Alberta has opened a $2.3 million venture hub called TEC Centre Labs that aims to help scientists and researchers commercialize their discoveries. Located in downtown Edmonton, the facility encompasses 8,000 square feet of wet lab and collaboration space, and houses two accelerator programs: the UAlberta Health Accelerator, which concentrates on assisting researchers…

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New SIF funding for steel producer ArcelorMittal to support 6,400 Canadian jobs

In response to American tariffs on Canadian steel, economic development minister Navdeep Bains announced a $49.9 million Strategic Innovation Fund (SIF) investment to support an undertaking by steel company ArcelorMittal to modernize its facilities. The $205 million project aims to improve efficiency, sustainability, and productivity across its operations. With this investment, ArcelorMittal expects to reduce…

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Over half of Canadian assets under management use responsible investment criteria: report

A new report by the Responsible Investment Association (RIA) reveals that Canadians increasingly favour investments that incorporate environmental, social and corporate governance (ESG) criteria. The 2018 Canadian Responsible Investment Trends Report shows that responsible investment (RI) has increased by 41.6% since 2015, accounting for just over half of Canadian assets under management. Responsible investments reached…

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Federal and Yukon governments invest $1.3M in climate change adaptation research

Transport Canada and the Government of Yukon are collaborating to invest $1.3 million in two climate change adaptation research projects in the North. The investments fall under the Northern Transportation Adaptation Initiative and seek to make northern transportation more resilient to the effects of climate change. The first project will focus on stabilizing permafrost thaw…

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exactEarth secures $7.2 million SIF funding

The Cambridge, Ontario-based company exactEarth Ltd. received $7.2 million in federal investment through the Strategic Innovation Fund (SIF). exactEarth uses satellite technology to track ships at sea and to optimize routing for the global shipping industry. The funding will support exactEarth to invest more in R&D and to develop intellectual property that’s made and retained…

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New research network at Queen’s University addresses growing prevalence of Lyme disease in Canada

The Canadian Institutes of Health Research (CIHR) and the Government of Canada are investing $4 million in a new research network focused on the prevention, control, diagnosis, and treatment of Lyme disease. Operated by Queen’s University, the Pan-Canadian Research Network on Lyme Disease aims to influence health outcomes, practice, programs and policy related to Lyme…

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Canada’s Canopy Growth Corporation acquires Colorado-based hemp research company

The Canadian cannabis and hemp company Canopy Growth Corporation, which operates a field-scale hemp operation in Saskatchewan, will pay CAD$25 million and issue 6,221,210 shares to acquire the assets of ebbu, Inc., a Colorado-based hemp research leader. Canopy Growth will apply ebbu’s IP and R&D advancements directly to its hemp and THC-rich cannabis genetic breeding…

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Desjardins funds two entrepreneurship projects in Trois-Rivières, Quebec

Desjardins Group has committed $600,000 to two business development projects in Trois-Rivières, Quebec. $500,000 will go to “Entrepreneurs propulsés,” a mentorship project and accelerator program for business leaders. Based in The Entrepreneur Zone at Cégep de Trois-Rivières, the program will offer group workshops and personalized coaching from the Quebec mentorship network Réseau M. Desjardins Group…

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The University of Saskatchewan opens a $38 million livestock and forage research centre

A $38 million agricultural research centre opened at the University of Saskatchewan near Saskatoon on October 9. The Livestock and Forage Centre of Excellence (LFCE) aims to be a world leader in forage and beef production research, spanning the entire beef cattle production chain. The centre aims to forge stronger connections between academia and industry…

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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…

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