Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter using the form at the bottom of this page.
Top Stories of the Week
Trudeau announces 75 percent wage subsidies, interest-free loans for Canadian small businesses(BETAKIT)
“Our hope is that employers being pushed to layoff people because of COVID-19 will think again.”
Ecobee lays off 10% of staff, cancels new product line in COVID-19 market(BETAKIT)
The reduction represents around 10 percent of the overall company, which according to Ecobee sat at 479 full-time employees prior to the layoffs.
Canadian Senate passes $82 billion COVID-19 federal support package(BETAKIT)
Bill C-13 will allow the federal government to spend “all money required to do anything” in relation to COVID-19.
CVCA urges government to expand BDC programs, take additional measures to support startups, small businesses(BETAKIT)
The CVCA represents over 1,800 individual members and over 290 member organizations across Canada.
What Canadian provinces are doing to support businesses amid COVID-19(BETAKIT)
Here’s what Canada’s provinces are currently doing to help business communities weather the impact of the pandemic.
Startup Milestones
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Insig receives $5.94M investment (Read here)
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SalesRight secures $600,000 pre-seed round (Read here)
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BluWave-ai closes $3.9M in seed funding (Read here)
HOW TO SET UP YOUR STARTUP FOR REMOTE WORK(BETAKIT)
Caution due to COVID-19 is leading many tech companies to cut travel and encourage their engineers to work remotely. Many will be working from home for the first time.
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