Tax Court disqualifies government loan spending from SR&ED, with potentially devastating implications for Canadian tech
Recent ruling means startups can no longer “double dip” in government assistance.
Canadian Startup News
VentureLab’s latest HardTech Summit explores barriers, opportunities facing Canadian deep tech startups
Event surveys state of play in Canada for hardware firms in medtech, AI, and other sectors.
Acuva, Brickeye, Intelligent City feature in Foresight’s top 50 cleantech ventures list
Ventures on the accelerator’s 2021, 2022 lists have collectively raised over $1.67 billion.
Recharge Véhicule Électrique raises over $7 million to expand at-home EV charging
RVE’s president says the funding will help free up 4,000 megawatts of power from the grid.
Report: Diversity gap persists in senior ranks of Canadian VC firms
BDC Capital data shows almost half of venture firms are entirely male owned.
Acton Capital closes $240-million USD Fund VI to invest in tech startups across Canada and Europe
Acton’s Canadian portfolio has included Chefs Plate, Clio, Knix Wear, Maple, and Mobify.
Dapper Labs, Nesto, Certn, top Deloitte’s 2023 Technology Fast 50 list
FinTech startups made a mark on the list of Canada’s leading technology companies.
Quantum startup Photonic raises $137 million CAD, strikes strategic partnership with Microsoft
Photonic has an “audacious” five-year plan to build a fault-tolerant quantum computing platform.
Cavelo secures $5-million Inovia-led seed round to help financial services firms protect their data
With cybersecurity no longer just “a big company problem,” Cavelo eyes US expansion.
ChargeLab taps Newlab, Flipp alums Shaun Stewart and Patrick Smith to leadership team
Stewart will serve as ChargeLab’s new president, while Smith has joined as VP engineering.
NGen commits $19 million to 12 new AI manufacturing projects
Industry contributions bring the total value of the projects to $55 million.
Certn acquires European ID verification company Trustmatic
Trustmatic marks Certn’s third international acquisition in the last two years.
Private equity firm Vertu Capital acquires developer platform ActiveState
Vertu closed $300 million CAD for its first private equity fund in March.
Virtual care platform Mednow announces restructuring, looks for buyer
Receivership occurs just over two years after listing on the TSX Venture Exchange.
Government of Alberta proposes changes to clear path for tech firms to use ‘software engineer’ title
The province’s new bill follows tech sector clash with engineering regulator.