VC investment in Canada hit its second highest level last year, Canada’s annual Gairdner awards announced, Quebec SMEs benefit from a $9 million e-commerce boost, Ontario invests in autonomous vehicles, and more.
Topic: Venture Capital
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.
NPC Ventures is a $50-million investment fund for early-stage Canadian companies developing naturally-derived alternatives to synthetic products. The fund is led by Kristi Miller, who says she believes there exists a “tremendous opportunity for Canadian companies to meet this exponential demand for ‘natural’.”
The Government of Canada seeks to bolster Canada’s biomanufacturing capacity, D-Wave receives $40 million to accelerate Canada’s quantum technology development, the federal government invests in Canada’s longest-ever study on aging, Quebec’s Lion Electric gets ready to break ground on a new battery manufacturing plant, and more.
Genome research receives major funding related to health, agriculture and environmental projects while Canadian Nuclear Labs pursue clean energy technologies for marine operations in Canada and internationally.
Despite its progressive image, the tech startup world is by no means immune to the problem of systemic racism. We must call on both public and private sectors to support underrepresented entrepreneurs as an explicit part of our action plan for economic recovery.
In the last several years, Canada has emerged as one of the top tech ecosystems in the world. A new crop of founders exiting companies and moving into investing is helping to drive the uptick in Canadian innovation.
In July, BDC Capital announced that it is committing $160 million to finance intellectual property (IP) development in Canada with the hopes to fill the gap in capital financing for scaling companies with intangible assets. We spoke with Patrick Latou about what they plan to achieve and why this type of fund is so overdue.
A new $108.5-million technology and agri-food research and innovation network, supported by the federal government and industry, is expected to begin operations by the end of this month. Alberta Innovates’ Inventures conference also highlighted a new $40 funding challenge from Emissions Reduction Alberta to accelerate technology innovation in agriculture, agri-food and forestry.
COVID-19 NEWS Canadians’ trust in doctors, scientists and the government has increased since the cornovirus pandemic began, finds public opinion polls from January and repeated on May 1 and May 2. Conducted by Proof Strategies CanTrust Index of Ottawa, the survey found that 76% of Canadians trusted doctors and 70% trusted scientists. The follow up…