Organization: Federal Economic Development Agency for Southern Ontario

Canada growing more $1-billion “unicorn” companies, global startup ecosystem report shows

More Canadian companies are remaining in Canada to grow “unicorns” (firms with a $1-billion or more valuation) rather than selling early to foreign entities, according to data in Startup Genome’s 2022 Global Startup Ecosystem Report. Meanwhile, in Atlantic Canada the number of startups slowed for the second year in a row, according to a separate report by Nova Scotia-based Entrevestor.

The Short Report – Jan. 12, 2022: Chair and vice chairs elected for standing committee on science, Order of Canada appointments, Health Canada’s 2021 cannabis survey, and more

OTTAWA Transport Canada has released updated guidelines for testing automated driving systems (ADS), which will apply to any organization conducting R&D trials of vehicles equipped with ADS. The guidelines are meant to clarify the roles and responsibilities of federal, provincial/territorial and municipal governments as they relate to trial organizations and to establish a baseline of…

NEXT Canada programs to support 100 high-potential start-ups

Up to 100 start-ups in Southern Ontario will be able to access seed funding under NEXT Canada’s innovation and entrepreneurship programs. Entrepreneurs can get up to $30,000 each in matching funding through a $3.6 million investment by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) in NEXT Canada, a not-for-profit mentoring, training and…