Canadian startup news of the week (8/09/20)

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


Canadian tech says continued IRAP IAP funding "critical" to sustaining business amid pandemic

Two weeks after Minister Navdeep Bains told BetaKit that extending IRAP IAP “makes a lot of sense,” Canadian tech is calling the program “critical.” A new survey by CCI says 98% of tech CEOs believe the program should be extended.


Lightspeed shows strong growth YoY, but revenues flat after COVID-19 quarter

On Thursday, the Montreal-based company released its financial results for its fiscal first-quarter 2021, which ended June 30, 2020. The company also launched Lightspeed Capital.


Federal government commits $78 million to new COVID-19 vaccine trials and research

The funding includes $59 million in commitments to support clinical trials for COVID-related vaccine treatments, along with $19 million in COVID-19 research projects.


How SAFEs can be dangerous: what early-stage entrepreneurs should know

This article shines a light on how SAFEs can be dangerous, the mistakes to avoid, and how entrepreneurs can use them effectively.


Latest Funding, Acquisitions, and Layoffs


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BLACK SWAN #15 – THE EVOLVING BUSINESS OF PREPARING FOR DEATH

Willful is a Toronto-based startup that helps people easily create a legal will. Not the sexiest of startups in normal times, but these are not normal times.


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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.