Canadian startup news of the week (5/18/20)


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

Government extends Canada Emergency Wage Subsidy to end of August, to assess 30 percent revenue criteria(BETAKIT)

Trudeau also announced on Friday that over the next month the federal government plans to assess and make any necessary adjustments to the wage subsidy program.

Government reveals details on $962 million Regional Development Agencies COVID-19 funding(BETAKIT)

The almost $1 billion in new capital is meant to support regional and rural businesses that may not have existing relationships with financial institutions, or don’t qualify for other federal relief programs.

City of Edmonton approves new innovation entity(BETAKIT)

The approval came Monday after the Council reviewed a proposed structure and governance model for the new organization, oulined in a report made public last week.

Wattpad creates fund to develop TV, film projects in latest attempt to "verticalize" business(BETAKIT)

The Wattpad Development Fund will use the company’s data-backed insights to discover stories and trends from its platform that can be adapted.

Latest Funding, Acquisitions, and Layoffs


[Live webcast] Growing a SaaS Company in a Shifting Landscape(SAGE)

The decisions a Finance Leader at a SaaS company must make haven’t changed, but how they decide and with what resources has become more complex. Tracking cash, churn, and DSO is critical to understanding your runway today. Then, forecasting how to bounce back and where to invest is the next of many growth opportunities to consider.

Join Bruce Croxon, partner at Round13 Capital and co-host of BNN’s, The Disruptors, and Matt Hodgson, CFO at Vidyard, as they address the challenges and opportunities of a shifting landscape in the SaaS industry.


Jeremy Hedges, CEO of The Canadian Shield, explains the process of pivoting one business while launching another one in the middle of a pandemic.


Luke Vigeant (Inkblot Therapy) and Brett Belchetz (Maple) share how their telehealth startups changed before and after COVID-19.

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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.

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