Canadian startup news of the week (06/09/09)

Ontario Gov

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

BetaKit

Following government cutbacks, OCE makes significant staff cuts

An OCE spokesperson confirmed with BetaKit that its base funding was cut from $31 million to $13.9 million.


BetaKit

A list of 21 Ontario tech programs killed by Ford government cuts

The OCE administers publicly funded programming on behalf of the Ontario provincial government. BetaKit breaks down programs that have been cut.


BetaKit

Ford government cuts all provincial funding to Angel Investors Ontario and its 13 angel groups

AIO has provided no funding to its 13 member organizations since March.


BetaKit

HackerYou accepted to Y Combinator on back of new tuition model

HackerYou founder Heather Payne will be travelling to the US to participate in the Silicon Valley accelerator, which officially begins June 4.


BetaKit

As SEC files suit, Kik’s Ted Livingston argues loss would be “disastrous” for crypto

“The part that has become more and more consuming is the regulation and the lack of clarity when it comes to regulation.”


Startup Milestones


Must Reads

pwc

Five Canadian cities with highest volume of investment dollars and deals in 2018

PwC broke down the Canadian cities that saw the highest volume of dollars and deals in 2018: Toronto, Vancouver, Montreal, Quebec City, and Calgary.


BetaKit

Ask an Investor: How can I create optionality after I get an acquisition offer?

No matter what stage your business is in, optionality is something you can be proactively driving towards before an acquisition comes your way.


Why 2019 will reveal Canada’s new tech darling (CanCon ep. 139)

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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.