Canadian startup news of the week (11/08/20)

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


IRAP IAP funding extended with $155 million to support innovative businesses hit by COVID-19

Members of Canada’s tech community have been calling for an increase in funding to the program since mid-summer when the entirety of the $250 million had been committed.


Lightspeed to acquire ShopKeep for $440 million USD, reports strong Q2 results

The deal, which would be Lightspeed’s largest to date, comes as the company reported its second-quarter results for the period ending September 30, 2020.


OCE to undergo rebrand, changes to governance relationship with Ontario government

The OCE may see its name changed to the Ontario Centre of Innovation, an OCE spokesperson told BetaKit.


Latest Funding, Acquisitions, and Layoffs


RECOMMENDED BY CIBC

How Startups Can Build Resilience Into Their Business Models

Before a startup can land its first round of major financing, it needs an MVP. But how do entrepreneurs create a Minimal Viable Product?

On the #CIBCInnovationEconomy podcast, Bridgit COO Lauren Lake teaches us how she and CEO Mallorie Brodie disrupted the construction industry using a notepad and a box of donuts so you can change the world, too.


ACCELEPRISE GP WHITNEY SALES EXPLAINS HOW TO CLOSE DEALS DURING COVID

“Startups have to move fast for survival, but larger corporations have to move fast for survival as well these days.”


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.


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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.