The Toronto-based National Angel Capital Organization (NACO) will establish the first pan-regional digital hub for investors and entrepreneurs in a custom-built space in the new Platform Innovation Centre being built by Platform Calgary in downtown Calgary.
Topic: angel investment
The Short Report: Supporting Black tech professionals; high-speed Internet for rural Quebec, new university Indigenous research policy; DND funding for COVID-19 technologies; record angel investment; writing off oil sands assets.
Prime Minister Justin Trudeau today announced $9 billion in financial aid for post-secondary students, who will be eligible for up to $1750 a month from May through August, to compensate for the lack of summer jobs. Students can also earn money from the federal government for volunteering. Trudeau also raised the maximum weekly amount that can…
The federal government is providing $1.2 billion in emergency funding to help startups and rural businesses survive the COVID-19 crisis. Participants in Canada’s innovation sector say government could also help by providing tax incentives, matching funding and loans for angel investment.
Ontario has announced a life sciences venture capital initiative to provide provincial firms with much-needed capital to grow their business. The Ontario Capital Growth Corporation (OCGC), the agency managing the province’s VC interests, is seeking fund managers who can leverage the province’s $50-million investment.
The National Angel Capital Organization (NACO) is waiting for a federal policy response to its recommendations to stimulate the investment class as it reports a 15% year-over-year increase of its members’ investment activity for 2016. NACO members comprised of 34 distinct angel groups invested $157.2 million, up from $133.6 million in 2015 when 31 groups reported and the fourth consecutive year of increases.