Ocean Supercluster launches initiative to increase Indigenous participation in ocean economy
The global innovation cluster is contributing $230,000 for the first phase of the initiative.
Canadian Startup News
Ontario commits $19 million to the province’s regional tech hubs to bolster EV manufacturing
ventureLAB, Communitech, Invest Ottawa, NORCAT among the recipients.
Darwin AI secures $8.1 million CAD to improve efficiency of electronics manufacturing
CEO says the global shortage of semiconductors and PCBs “favour disruption.”
Payments Canada pens open letter to Minister of Finance to expand organization’s membership eligibility
Koho, ATB Financial, Fintechs Canada part of call to include more startups in “formal system.”
Vector Health Labs acquires AI-driven mental health tech startup Get A-Head
The deal was valued at $17 million.
CEO of Briza steps down as insurtech startup cuts close to half of its staff
Briza’s leadership includes FreshBooks founder Mike McDerment and former director of engineering Rishi Sharma.
Federal government commits $90 million to boost intellectual property support for startups
Communitech, MAIN, New Ventures BC, Innovate Calgary, and Springboard Atlantic all secured funding.
Newly announced investment tax credits a huge leap forward for cleantech cashflow
Cleantech leaders think feds’ Fall Economic Statement did not disappoint.
AlayaCare co-founder launches venture fund Storytime Capital with $15 million
The VC wants to invest in founders that aim to change the landscape of work.
Founding CEO of agtech unicorn Semios stepping down
“We transformed a theory I had … into one of the world’s largest agtech companies.”
Subsidiaries of FinTech startup Lendified face creditors over unpaid loans
Creditors move to seize Lendified assets after company defaults over some $6.6 million.
Layoffs persist at Canadian tech companies amid bleak outlook for 2023
FreshBooks, Thinkific, Revelate, Bridgit among latest firms to cut staff amid downturn.
Successful use of AI in government means doubling down on human and democratic values
UofT’s Peter Loewen says citizen trust in government AI use is “still a work in progress.”
Golden Ventures’ Matt Golden has advice for startups fundraising in a down market
Balance growth with strong unit economics. Make sure your financials are accurate.
KeyOps secures $4 million CAD to connect pharma sales, marketing staff with physicians
Healthtech startup to use funds for North American expansion.