Feds’ $6.6-billion Defence Industrial Strategy takes aim at building a “robust” Canadian defence sector
DIS outlines a “build-partner-buy” framework and plans to name “national champions.”
Funding
Alberta invests $28 million in six projects to improve environmental outcomes
Funding comes from province’s industrial carbon pricing revenue on large emitters.
Kainova closes $32 million to advance cancer and inflammation therapies
New backer Investissement Québec led the first close of the biopharma firm’s Series B round.
The feds asked investors for candid feedback on BDC. It was never actioned
BetaKit-obtained 2023 report outlines private-sector grievances with Canada’s largest VC.
Modem closes $4.4-million USD pre-seed round to help developers ship faster
Co-founders from Sentry, Cohere back Toronto startup’s AI product management platform.
Taiv wants to let you choose your own TV ads
Winnipeg startup closes $13-million USD to expand across North America.
Haply Robotics raises $16 million to build the “steering wheels” for physical AI
How the Montréal startup plans to own the touch layer of robotics.
Kiwi Charge takes EV-charging robot to showroom floor with $1.7-million pilot project
“R2-D2 for EV charging” will be showcased at the Canadian International AutoShow this week.
Kaster Technologies raises $1.6 million to scale up pharma manufacturing
Polytechnique Montréal spinoff develops algorithm to reduce drug shortages.
pHathom Technologies raises $4 million to pilot its coastal carbon-capture tech
Halifax climate tech startup hopes to deploy full-scale commercial projects by 2030.
AgTech startup Brilliant Harvest secures $4 million USD in seed funding
The raise will aid in scaling the platform’s adoption and abilities.
Neo Financial secures $68.5 million in equity as it adopts big-bank funding playbook
Support from investors including AIMCo and Northleaf will fuel securitization strategy.
This U of T-led program is helping Canada find its place in the global EV market
The EVIO program will park grad students with EV companies to keep the best talent at home.
Ali Asaria’s Transformer Lab launches worldwide
The launch coincides with a successful fundraising round from investors on both sides of the border.
Arlene Dickinson and Amber Mac sever ties with Gander Social
Prominent entrepreneurs leave advisory team as former CBC head Catherine Tait signs on.