The University of Toronto has announced a historic gift of $100 million for its upcoming Schwartz Reisman Innovation Centre, a 750,000-sq.-ft. complex meant to house the university’s AI and biomedical expertise.
Organization: University of Toronto
CDL-Oxford will be the seventh location in the network of seed-stage accelerators first developed at the University of Toronto’s Rotman School of Management in 2012.
Canada’s National Research Council has partnered with the University of Toronto to launch an innovation hub for the rapidly advancing field of microfluidics, called the Centre for Research and Applications in Fluidic Technologies (CRAFT).
Nine research teams across Canada receive CANARIE funding to develop research data management tools.
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…
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.
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…
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.
A report from the University of Toronto’s Impact Centre is calling for a data-driven approach to maximizing the government’s investments in Canadian firms and growing them to be world-class. The report — Government Venture Capital: Can the Public Sector Pick and Nurture World Class Companies? — says that the strategy for venture capital investments of the Canadian government is not to simply copy what venture capitalists in Silicon Valley are doing.
A Toronto-based company developing artificial intelligence (AI) systems for enterprises has recently received a fresh round of funding from Fidelity Investments Canada. DeepLearni.ng will use the $9 million in Series A funding to help the company scale the development of its machine learning platform, called Frontiers, which is used for rapid deployment of AI enterprises.…