Feds reveal streams behind $1-billion VC initiative as budget becomes law
Government’s commitments to defence, financial services, VC, and more pass royal assent after months of debate.
Govt
Xanadu makes solid debut as it begins trading on TSX and Nasdaq
Toronto-based quantum company the first new Canadian tech firm to list on the TSX since 2021.
Mila teams up with Mozilla to build open-source AI tools
Firefox maker investing initial $1 million into partnership with Montréal AI institute.
Defence tech founder warns Canada is getting “wishy-washy” about defining sovereignty
At CIX Summit, Sentinel R&D CEO argued Canada must do more than onshore other companies’ capabilities.
CAAIN launches $9-million open competition to support AgTech innovation
Competition aims to bridge divide between innovation and commercial adoption.
Cohere teams up with Swedish defence firm Saab on AI for surveillance jets
Agreement marks the latest step in Cohere’s push to integrate its AI into defence technology.
UBC and InBC launch new fund to support university spinouts
Private capital will add to $10-million contributions from both UBC and InBC.
Calgary’s new cleantech research centre gets $4.25-million boost from federal government
CFI investment will help CeFar improve low-carbon tech like batteries and fuel cells.
Three Alberta genomics projects land federal funding
Funding part of $20-million nationwide investment into genomics research.
PrairiesCan puts nearly $1 million behind SK Startup Institute for entrepreneur training and mentorship
Money comes through PrairiesCan’s Regional Innovation Ecosystem Program.
Boreal Ventures launches second seed fund with $43-million first close
Ex-Lightspeed head JD Saint-Martin takes over as co-managing partner as Montréal VC aims to raise $60 million.
Feds commit nearly $225 million to advance Canada’s sovereign space launch capabilities
Ottawa bets on Canadian rocket launches with $200-million Canso spaceport deal and more for new grants.
Paving the way for a Canadian defence-tech boom
Plus: BetaKit Most Ambitious returns on May 25.
Manitoba launches AI consultations as it weighs tougher privacy and youth protections
Minister Mike Moroz says new policy could include opt-in consent rules and possible age limits for AI access.
Canada could still win the AI race
AI experts argue the country’s structural advantages are finally becoming urgent strategic assets.