BDC launches $150-million life sciences fund
Parimal Nathwani will manage fund directly investing in therapeutics and MedTech companies.
Funding
Toronto gets a new hub for accessibility innovation
Access to Success says new physical space will help founders build among peers.
Mappedin eyes city-wide indoor mapping with $24.5-million USD Series B round
Startup has mapped over 10 billion square feet of indoor space, from airports to stadiums and beyond.
Ex-AWS leaders bring Soma out of stealth with a plan to ease the data centre power crunch
Soma Energy has raised $7 million USD for AI-powered optimization for electricity infrastucture.
How Sonibel can hear when a welder makes a mistake
UBC grads raise $1.6 million USD for acoustic sensor that identifies errors while you weld.
GridBank raises $6-million seed round to monetize the videos in your camera roll
Users can upload videos while brands pay to use the organic content.
Carbon Upcycling secures up to $10 million USD as it chases cleaner concrete
Cleantech firm plans to put capital toward its first commercial project in Mississauga.
Feds invest $79 million in Aspect Biosystems to develop 3D-printed tissue treatment
Investment supports $280 million project to “significantly enhance” Aspect’s clinical development capabilities.
NGen announces nearly $80 million for Canadian manufacturers to adopt AI
Funding comes from industry partners and through Pan-Canadian AI Strategy.
Feds invest over $16 million in trio of Prairies-based cleantech research projects
Natural Resources Canada backs energy innovation across Alberta and Saskatchewan.
Lockheed Martin Canada invests $3.6 million into Lemay.ai
Project supports AI R&D for “sovereign knowledge management.”
Relocalize to build fully autonomous “dark” microfactory in Montréal
Startup opening sustainable microfactory for water cold packs that will run in complete darkness.
Canada’s first full-stack, university-owned quantum computer comes to USask
Quantum computer will be operated by the Centre for Quantum Topology and Its Applications.
NACO wants feds to use $750 million in VC funding to back startups earlier
Angel investor group proposes early-stage fund matching and infrastructure programs as part of federal VC strategy.
ThinkLabs secures $28-million USD Series A to help power grids manage data centre demand
The AI race will take a toll on power grids. ThinkLabs wants to use its own AI to help.