Alberta opens online gambling market to private operators
Province is the second in Canada to allow in private operators like DraftKings and FanDuel.
Briefs
Reaction Dynamics CEO wants more Canadian LPs to back moonshots
At a Startupfest hardtech panel, Bachar Elzein argued for a wider private capital pool.
Alberta to invest $50 million into Amii over five years
Investment will be broken down across five provincial ministries.
Assent makes first acquisition deal with purchase of German firm IPoint
Ottawa centaur says deal will help expand its supply-chain compliance platform.
MDA Space will buy 567-million-euro majority stake in French satellite company
Acquisition will create one of the largest space-based geointelligence businesses in the world, MDA says.
Harley Finkelstein’s Startupfest talk interrupted by protester
Shopify president asked about support for Israel’s actions in Gaza while speaking with Georges St-Pierre.
At Startupfest, Georges St-Pierre and Harley Finkelstein compare notes on fear, focus, and ambition
UFC champ and Shopify president kick off Montréal tech conference with fireside chat.
Ontario gets new fund to back university life sciences spinouts
U of T, McMaster, and Ontario government team up on new $40-million fund.
Alberta invests $37 million into advanced drilling technology
Funding comes through Emissions Reduction Alberta’s Drilling Technology Challenge and will support 10 projects.
Xanadu visits the White House for quantum summit
Toronto quantum computing firm was the lone Canadian representative in attendance.
OpenText lays off two percent of its workforce
Roughly 400 global employees are now out of work, but OpenText says Canadian impact is “minimal.”
Winnipeg adtech Taiv among recipients of PrairiesCAN AI adoption funding
Canada’s AI minister announces $10.2 million for six Manitoba businesses.
Well Health to spin out and publicly list pure-play software business on TSXV
Vancouver-based healthtech has been preparing to spin out Wellstar since 2024.
Canada’s telco and banking incumbents form AI consortium
Scotiabank, Sun Life, Telus, and Lightworks team up to build AI infrastructure at the enterprise level.
ElevenLabs to open Toronto office and double Canadian headcount by end of 2026
Max Lemmens will lead AI voice startup’s expansion efforts as new Canadian GM.