Canadian startup news of the week (11/29/20)

Vancouver waterfront

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


Telus announces $100 million tech-focused social impact fund

Telus has currently invested $45 million into the Telus Pollinator Fund For Good.


Q3 2020 venture capital investment in Canadian tech lowest in two years, CVCA finds

“The realities of COVID and the continued strength of valuations is apparent in the deal flow.”


Loblaw partners with Gatik to bring first autonomous delivery fleet to Canada

The partnership expands upon a 10-month pilot that began earlier this year, which saw Gatik and Loblaw testing one delivery vehicle in Toronto.


BC Tech closes Innovation Hub as federal funding expires

The CEO of the BC Tech Association, Jill Tipping, told BetaKit the hub couldn’t be sustained without the federal government investment that had been keeping it open for six years.


BC venture deal volume dropped to new low in Q3, but total funding shows a healthy ecosystem

Deal volume in BC has declined by 71 percent since Q3 2019 and 74 percent since the region’s previous high, 90 deals in Q2 2019.


Toronto venture funding in Q3 rebounds following disappointing first half of 2020

Since the first quarter of 2020, deal volume in the GTA has consistently increased, approaching pre-pandemic 2019 values.


Latest Funding, Acquisitions, and Layoffs


RECOMMENDED BY CIBC

Pivoting for Greater Success with 7shifts Founder Jordan Boesch

Not many startups would have the nerve to walk away from two-thirds of their customers. But 7shifts founder Jordan Boesch realized the secret to greater success is focusing on who you’re solving a pain point for.

On the #CIBCInnovationEconomy podcast series, we learn how he turned a chaotic restaurant scheduling system of Post-It Notes and white-out into one of the most successful human resources software systems in the world.


CANADA’S INNOVATION IMPERATIVE

Did you know the Covid-19 pandemic presents opportunities for Canadian innovation? CCI chair Jim Balsillie and Dan Breznitz, the Munk Chair of Innovation Studies, discuss Canada’s failed innovation policy on BetaKit’s Black Swan podcast.


HOW SET SCOUTER BUILT INDUSTRY-WIDE SAFETY STANDARDS TO STAY IN BUSINESS

Alex Kolodkin, co-founder and CEO of Set Scouter, recounts how he felt as an entrepreneur when one side of his two-sided marketplace disappeared overnight, necessitating staff reductions.


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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.