CVCA CEO: Tech still needs influx of capital given possible investor pullback, even as liquidity concerns calm
Longer-term impact of SVB fallout has some in Canadian tech worried.
Canadian Startup News
PointClickCare acquires Patient Pattern to support healthcare providers’ transition to value-based care
Patient Pattern allows management for both fee-for-service and value-based care models in one platform.
Spark Microsystems raises $34 million to meet chip demand amid supply crunch
Spark aims to accelerate product development amid chip shortages and demand fluctuations.
Regulators force Silicon Valley Bank Canada into liquidation, paving way for auction
Wind-up follows OSFI taking control of SVB Canada earlier this week.
Canadian tech calls on feds to inject more liquidity into sector to avoid SVB-caused “full-blown crisis”
Letter asks Government of Canada to extend bridge financing program, guarantee secured loans on SVB deposits.
Policy Talks: Canadian policy leaders meet in person to talk remote work
New panel series kicks off with lively discussion on the current state of work.
Ontario proposes new regulations to tighten rules around mass layoffs
Remote employees are not currently entitled to same advance notice as office workers.
Meta’s additional staff cuts further call into question Facebook parent’s Canadian hiring plans
Meta plans to shed 10,000 employees, scale back hiring in second major round of layoffs since November.
Applications now open for the 2023 New Ventures BC Competition
Participants stand to win over $250,000 in prizes.
Venture funding surged in Québec and Alberta tech sectors over 2022, bucking national trend
Alberta and Québec investment increased by 89 percent and 21 percent, respectively.
As regulators take over SVB Canada, companies still have questions about impact
CCI estimates low risk for the majority of Canadian companies.
BDC appoints Sévrine Labelle as head of $100 million Thrive Lab for women entrepreneurs
Thrive Lab is set to launch this spring.
CAN Health Network to serve all of Canada with Québec, northern territories expansion
The initiative secured $30 million in federal funding for the expansion.
How the Silicon Valley Bank shutdown might impact Canadian tech
The SVB run is done. What comes next?
Sanctuary marks first commercial test of “human-like” robots in Mark’s clothing store
The robot can pick and pack merchandise, fold, and label items among other tasks.