Federal Budget 2021 included the government’s largest-ever investments in intellectual property and IP services, underscoring the importance of protecting and leveraging IP for Canada’s economic growth, according to IP experts and heads of innovation groups.
Topic: innovation hubs
The Toronto-based MaRS Discovery District innovation hub has hit the “pause button” on expanding to Calgary after more than a year of discussions with the University of Calgary and other players in Calgary’s innovation ecosystem. However, MaRS says it will continue working with and supporting Alberta companies during the scale-up stage from its Toronto base.
The Bank of Canada is partnering with the Bank for International Settlements (BIS) to launch a BIS Innovation Hub in Toronto; National Bank of Canada’s venture-capital arm NAventures announced it will make an additional minority investment of up to $50-million in Toronto-based robo-advisor Nest Wealth; the federal government will invest $40 million over three years in the Union Training and Innovation Program; and more.
The Silicon Valley-headquartered innovation hub Plug and Play will open an office in Mississauga, its first base in the Canadian market. The expansion is being supported by chemical production company BASF. Plug and Play runs two programs per year across a variety of industries and its global locations, and has 300 corporate partners and 200 venture capitalists in its…
The federal government’s $52.4M investment allows hubs to offer joint programs and services to support scaleups