In 2024, Canada struggled to find its place in the global AI race
Canada can’t outspend its peers. So how might it outsmart them?
Funding
Glen Ventures lands $5 million CAD from IQ fund to back early-stage healthtech startups
VC firm to raise dedicated fund in new year separate from government mandate.
Check your SR&ED history: Canadian tech companies could be in for post-holiday windfall
Legislation this year identified ‘excluded loans’ as exempt from federal assistance.
Deep Sky secures $40-million USD grant from Gates-founded Breakthrough Energy Catalyst
Carbon-capture startup selected Innisfail, Alberta as the site for its first-ever facility in August.
Fall Economic Statement brings more delays for open banking in Canada
Feds up FCAC commitment but push open banking rollout to 2026, with several legislative hurdles to overcome.
Four new Canadian tech announcements in the Fall Economic Statement that shouldn’t be overlooked
BDC AI funding, procurement reform, money for Black entrepreneurs might have been missed in yesterday’s chaos.
Realize Capital Partners reveals second round of support for impact-focused funds
Backed by Social Finance Fund, Realize’s latest investments include Amplify, Misfit, and Thrive Impact.
Feds struggle to table Fall Economic Statement following Minister Freeland’s shock resignation
Mini-budget with many tech commitments comes during a day of chaos on the Hill.
Jolt Capital moves newly acquired French semiconductor carveout to Québec
Dolphin Semiconductor establishes Montréal headquarters with $40-million CAD investment.
Fluid Biomed closes $27-million USD Series A to fund expanded human clinical studies
University of Calgary neurosurgeons aim to deliver a better brain stent.
Feds announce VCCI renewal, SR&ED and pension fund changes ahead of Fall Economic Statement
SR&ED expands eligibility while pension fund investment incentives get sweetened.
D-Wave completes $175-million USD stock sale to fuel quantum computing development
CEO says fundraise “substantially improves” D-Wave’s financial strength.
Flare raises $42.5-million CAD Series B to go global with cyber threat detection tech
Threat exposure management startup aims to head off credential theft with AI tools.
Early-stage startups grapple with fallout after Québec-funded investment program suspended
Montréal founders say their rounds fell apart after Impulsion PME’s “safety net” for investors disappeared.
Alberta Enterprise Corporation launches Accelerate Fund IV with $15 million to back early-stage tech startups
First close from AEC brings Fund IV more than halfway to its $25-million target.