Dominion Dynamics strikes deal to build Ukrainian uncrewed ground vehicles in Canada
Ottawa startup partners with Ukrainian firm Tencore to produce armoured vehicles for front-line deployment.
Defence Tech
“We want to partner with you,” Canadian military procurer tells startup founders
At Edmonton Startup Week, Sean Naugle urged founders to consider defence contracts despite complex vendor process.
Feds say moving defence procurement to Crown corp will make it “more commercial, more fleet-footed”
Newly tabled Bill C-40 would hand procurement to arms-length board of directors at new organization.
CyberWorks lands $1-million Canadian Armed Forces contract
GTA startup inks agreement to provide autonomous vehicles to Canada’s military.
Canada’s major projects boom is a big opportunity for smaller firms, but hurdles remain
BDC report says the country’s infrastructure push could require help from 280,000 SMBs.
Calian and Invest Ottawa to open new defence research and development lab
Ottawa’s Area X.O will get a new testing facility focused on helping defence technologies work well together.
OSCP closes $6-million USD Series A round to power navigation without GPS
Montréal photonics startup aims to disrupt the IMU market with a smaller, more accurate alternative.
H2 Analytics secures $800,000 in FedDev funding to improve defence training platform
CEO says repayable funding will help the platform integrate new AI features and expand internationally.
Canada Rocket Company breaks ground on large engine test facility in London
Company says facility will create 40 jobs and help anchor its medium-lift launch vision.
Sentinel R&D CEO says drone company is “selling directly to the Ukrainians”
Defence tech company previously signed deal with Airlogix to supply Canadian drones to Ukraine.
Canada invests $67 million in dual-use life sciences research
Funding will support organizations in Ontario, Alberta, and BC, as well as five pan-Canadian research hubs.
BDC is Canada’s sole entrant in investor network for NATO defence accelerator
The NATO DIANA Capital Network connects investors with companies in its defence tech program.
Canada Rocket Company wants to build a sovereign alternative to SpaceX’s Falcon 9
CRC hopes to keep it simple as it races to space on the tailwinds of Canada’s renewed interest in the stars.
BDC outlines how it will deploy $1 billion from its Defence Platform into funds and startups
Crown corporation increased direct defence investment capacity and pledged more to defence-focused fund-of-funds.
CIBC commits $2 billion to financing smaller defence and dual-use businesses
Toronto-based bank joins BMO, RBC, and Canada’s other big banks in ramping up its support for defence.