Ocean Startup Project enters third phase with $8 million and economic growth goals
Canada’s Ocean Supercluster wants to grow the nation’s ocean economy by a factor of five by 2035.
Funding
Xatoms, Juno win big at Startupfest 2024
Xatoms wins three awards totalling $250,000, while Juno scores $100,000, plus BDC matching offers.
GPs and LPs at Startupfest expect gradual recovery with 2024 on pace to be worst for Canadian VC in a decade
Industry leaders expect more turnover, fundraising challenges for emerging managers.
Armed with $782,000 CAD in pre-seed funding, MedReddie eyes new markets
Startup aims to speed up the technology procurement process for healthcare providers.
Digital Innovation Cluster invests $15 million into AI megaproject from consortium of Canadian healthtech companies
Partners in the $44-million project include ORX, Well Health, Healwell AI, Tali AI, and Simon Fraser University.
TandemLaunch secures $27-million first close of Fund IV to build more Montréal deep-tech startups
Montréal venture studio specializes in commercializing tech developed at universities.
Feds, BC invest nearly $73 million into Aspect Biosystems to establish biomanufacturing facility
The clinical facility aims to be the first dedicated to producing bioprinted tissue therapeutics in Canada.
Point Laz raises $1.2 million to bring mine shaft scanning device to market
The startup said its first 10 commercial scanners are now set to be produced and exported worldwide.
Clutch receives $10-million strategic investment from iA Financial group
The investment will see iA’s insurance products integrated into Clutch’s online vehicle marketplace.
Roga secures $1.7 million CAD to reduce stress and burnout with its nerve-stimulating wearable
Neuroscientist and former Google Pixel PM team up to tackle workplace stress with Roga.
Polystyvert closes $16 million Series B tranche, looks to open first commercial recycling plant
Polystyvert expects to close a second tranche within three months that brings the round up to $30 million.
Federal government invests in seven hydrogen-focused cleantech projects in Alberta
Aurora Hydrogen, Quantiam Technologies, Innova Hydrogen receive a collective $5 million.
Economic development agencies dole out $30 million to AgTech, AI, EV development
Wyvern, Pure Life Carbon, and Aethon Aerial Solutions among those supported by latest PrairiesCan, FedDev funding.
ISED invests $120 million to build out CMC Microsystems’ semiconductor network
The FABrIC network looks to provide resources to foster semiconductor innovation in Canada.
Tall Grass Ventures closes $32-million VC fund for early-stage Canadian AgTech startups
TGV sees room to be “translators” and connect other investors to the AgTech sector.