Canadian startup news of the week (11/01/20)

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


Canada punches above its weight with AI researchers in new Element AI report

The number of artificial intelligence (AI) researchers in Canada’s private sector is proportionally higher than that of other countries, according to Montreal-based Element AI’s 2020 Global AI Talent Report.


Shopify doubles GMV, reports record profit in third-quarter results

Shopify’s third-quarter financial results greatly beat analysts’ predictions – and the company just penned a commerce deal with TikTok, as well.


With advisory board in place, OneEleven's new MD shares plan to rebuild the Toronto innovation hub

With new leadership and familiar advisors, Toronto innovation hub OneEleven has re-launched.


Women at venture capital firms still vastly underrepresented according to new report

Although the report’s data surveyed United-States-based respondents, the report aligns with Canada’s progress on women representation in venture capital over the last few years.


Latest Funding, Acquisitions, and Layoffs


RECOMMENDED BY CISCO DESIGNED

How Startups Can Build Resilience Into Their Business Models

This Wednesday, November 4, BetaKit is proud to present a BetaKit Live featuring two startup founders who have found success in 2020 despite COVID-19: Erin Bury, CEO of Willful, and Jeremy Hedges, President of The Canadian Shield.

Joined by Cisco Canada Director of Innovation, Wayne Cuervo, the conversation will focus on the steps entrepreneurs can take to survive and thrive in 2020 and beyond.


THE LORD MAYOR OF LONDON WANTS CANADIAN TECH TO KNOW THE UK IS OPEN FOR BUSINESS

The Lord Mayor made a compelling pitch as to how Canadian investors and startups could capitalize on the UK’s plans to shape global FinTech regulation post-Brexit.


PANDEMIC IMMIGRATION POLICY

The Global Skills Strategy, and its Global Talent Stream, have their limitations. We’re also still in the middle of a pandemic, which really puts a damper on global mobility. So what to make of all of this?


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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.