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
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.”
BetaKit spoke with members of Canada’s FinTech community to determine the industry’s pain points and areas for opportunity.
Ministers in charge of Canada’s innovation and economic development generally stayed the same with a few slight changes to portfolios.
Five Volta cohort projects receive $25,000 each (Read here)
Western University receives $3M from RBC (Read here)
Zomaron acquires DataCandy (Read here)
Wondr Gaming acquires Rival.ai (Read here)
2N2Hire acquires Workali (Read here)
Geotab acquires Intendia (Read here)
Silofit raises $1M seed round (Read here)
Emerge Commerce acquires UnderPar Group (Read here)
Trufan acquires SocialRank (Read here)
Entrepreneur and investor Michael Hyatt explains the biggest challenge to scaling a business in this #BetaKit1on1.
“The size of the Canadian talent pool is simply not large enough to meet emerging demands.”
“[Accelerators] aren’t a silver bullet … they are a helping hand that can help you level up.”
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