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
Alberta Innovates to layoff 125 employees following $76 million budget cut(BETAKIT)
In a statement to BetaKit, Alberta Innovates specifically attributed the layoffs to its budget cut: “the realities of this budget require us to innovate how we operate and structure our organization to deliver outcomes.”
Lagging regulation, consumer trust are inhibiting FinTech adoption in Canada(BETAKIT)
BetaKit spoke with members of Canada’s FinTech community to determine the industry’s pain points and areas for opportunity.
Trudeau cabinet shuffle shows slight tweaks to Canada's innovation, economic agenda(BETAKIT)
Ministers in charge of Canada’s innovation and economic development generally stayed the same with a few slight changes to portfolios.
Startup Milestones
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Five Volta cohort projects receive $25,000 each (Read here)
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Western University receives $3M from RBC (Read here)
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Zomaron acquires DataCandy (Read here)
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Wondr Gaming acquires Rival.ai (Read here)
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2N2Hire acquires Workali (Read here)
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Geotab acquires Intendia (Read here)
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Silofit raises $1M seed round (Read here)
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Emerge Commerce acquires UnderPar Group (Read here)
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Trufan acquires SocialRank (Read here)
Must Reads
Michael Hyatt: #BetaKit1on1(TWITTER)
Entrepreneur and investor Michael Hyatt explains the biggest challenge to scaling a business in this #BetaKit1on1.
Canadian immigration policy meets the 4th Industrial Revolution(BETAKIT)
“The size of the Canadian talent pool is simply not large enough to meet emerging demands.”
How I chose an accelerator for my startup(BETAKIT)
“[Accelerators] aren’t a silver bullet … they are a helping hand that can help you level up.”
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