Federal government commits $492 million in grants for virus, AI research
The federal government is providing up to $492 million through the Natural Sciences and Engineering Research Council of Canada…
Canadian Startup News
How COVID-19 set the stage for a Canadian healthtech boom
For years, Canadians have bemoaned the country’s slow adoption of innovative health technologies. Disparate regulations,…
Construction delivery startup GoFor Industries raises $9.8 million seed round
Ottawa-based startup GoFor Industries, which provides logistics solutions and delivery services for the home improvement and…
Facedrive opens private placement as it launches Foods platform, gears up for expansion
Facedrive, an eco-conscious ridesharing startup based in Toronto, announced plans to conduct a private placement offering as…
US private equity firm Crest Rock Partners takes majority ownership of Vancouver-based Unbounce
Crest Rock Partners, a Denver-based private equity firm, has acquired a controlling stake in Vancouver-based startup Unbounce…
Digital marketing startup Funnelytics raises $1.5 million CAD in seed funding
Toronto-based Funnelytics has raised $1.5 million CAD as it looks to capitalize on the growth of online advertising amid COVID-19.…
EDC prepared to commit $250 million to investment matching program
Export Development Canada (EDC) has begun deploying funds into Canadian companies through its newly launched investment matching…
Canada, France officially launch global initiative to advance responsible use of AI
Canada, France, and 13 other countries have officially launched a new international artificial intelligence (AI) partnership…
Nicoya to receive funding, advisory services through NRC IRAP to develop COVID-19 test
Kitchener-Waterloo-based healthtech startup Nicoya has been selected to receive advisory services and up to approximately $299,000…
Canadian government extends Canada Emergency Response Benefit by eight weeks
The Government of Canada has extended the Canada Emergency Response Benefit (CERB), which supports people that are out of work…
OMERS’ Laura Lenz, Information Venture Partners among winners of the 2020 CVCA Awards
The Canadian Venture Capital and Private Equity Association (CVCA) has announced the winners of the 2020 CVCA Awards, ahead…
Victory Square Health acquires COVID-19 antibody test from Brazilian company
Vancouver-based Victory Square Health has acquired assets and intellectual properties from Brazilian company Safetest Comércio…
With $5.8 million owed to creditors, TribalScale files for insolvency in bid to restructure company
Toronto-based software company TribalScale is in debt to the point of insolvency, according to public documents obtained by…
AI startup Rubikloud acquired by Ottawa-based Kinaxis for $81.4 million CAD
Toronto-based artificial intelligence (AI) startup Rubikloud has been acquired by Ottawa-based software company Kinaxis for…
Applications open Friday for updated $40,000 CEBA small business loan
The federal government has announced that its updated application process for the Canada Emergency Business Account (CEBA)…