ACOA grants Springboard Atlantic $9.8 million to aid research commercialization
Springboard’s 19 member institutions contributed an additional $5.2 million to the organization.
F|T: The FinTech Times – Jack Dorsey’s Block investigated by US federal prosecutors
Plus: Binance CEO sentenced to four months.
Rogers Cybersecure Catalyst and RBC launch FinSec incubator
Incubator aims to help emerging FinTech and cybersecurity startups achieve product-market fit.
H|T: The Healthtech Times – Recent hospital research undercuts AI’s timesaving promises
Plus: Drug discovery startup from controversial ex-Stanford president raises $1B.
1Password looks to help businesses secure unmanaged devices with a new offering
Extended Access Management stems from 1Password’s acquisition of Kolide in February.
R|T: The Retail Times – Klarna joins growing BNPL trend, sunsets rewards program
Plus: The Amazon union movement reaches Québec.
Versaterm acquires American mental health platform for first responders
This is the public safety tech firm’s second acquisition within the past month.
Feds set hard cap on Start-up Visa program applications, pause self-employed persons program
Last year, the feds targeted 3,500 SUV applications in 2024. Now, it’s a maximum of 840.
A|I: The AI Times – Meet Sanctuary AI’s most human-like robot yet
Plus: OpenAI, Meta, and Google sign on to child exploitation safety measures.
Biointelligence raises $5 million for biomanufacturing efficiency platform
The company intends to use the funds to accelerate growth in the United States and Europe.
S|W: The SaaS Weekly – Following reports of grooming, WattPad turns off DMs
Plus: An active week of SaaS acquisitions.
Feds, province contribute nearly $85 million to IBM’s Québec semiconductor expansion plans
The funding is part of IBM’s $1-billion plan to develop its operations in Bromont.
F|T: The FinTech Times – UK law enforcement can now seize crypto before an arrest
Plus: Zafin’s founder headlines latest slew of #CDNtech CEO turnover.
FreshBooks expands Stripe partnership with new embedded payments offering
FreshBooks Payments will allow businesses to invoice and collect payments in one place.
H|T: The Healthtech Times – AbCellera plays the long game despite losses
Plus: The BC telemedicine company that was allegedly a “pump and dump.”