“We are still waiting”: FinTech leaders urge Liberals to enact much-delayed open banking rules
Open letter comes on the heels of Conservative bill pressuring federal action on open banking.
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BDC’s Thrive Lab announces 25 co-investment partners
$35 million envelope will target women-led businesses aligned with United Nations Sustainable Development Goals.
Tax Court disqualifies government loan spending from SR&ED, with potentially devastating implications for Canadian tech
Recent ruling means startups can no longer “double dip” in government assistance.
NGen commits $19 million to 12 new AI manufacturing projects
Industry contributions bring the total value of the projects to $55 million.
Government of Alberta proposes changes to clear path for tech firms to use ‘software engineer’ title
The province’s new bill follows tech sector clash with engineering regulator.
Auditor General to probe SDTC following ISED-commissioned investigation
ISED paused new SDTC funding after third-party report uncovered conflict of interest, governance issues.
BDC Capital recommits to leading seed deals in startups across Canada with new $50-million fund
VCs applaud BDC’s commitment to direct seed funding, ask for more emerging manager support.
Canada Growth Fund injection tops Eavor’s Series B at $182 million
The Canada Growth Fund has invested $90 million into Eavor’s funding round.
Hinton, Bengio, among 24 expert signatories with policy-focused AI recommendations in new letter
Signatories include multiple CIFAR chair members behind Canada’s Pan-Canadian AI Strategy.
Federal, Québec governments invest over $7.6 million into quantum telecom testbed
The testbed will allow businesses to experiment with quantum technologies for telecom networks.
PacifiCan invests $9.9 million CAD into Innovate BC’s cleantech adoption initiative
The Integrated Marketplace links local tech companies to industry partners looking to decarbonize.
As semiconductor re-shoring efforts heat up, SILICAN urges feds to provide more targeted domestic chip support
New report comes after US commits over $50 billion to its own domestic chip sector.
Canadian Council for Aboriginal Business receives $500,000 in federal funding to address barriers for Indigenous entrepreneurs
The new funding will help the CCAB promote the federal government’s 50-30 challenge.
Canada losing its appeal to Indian tech workers following diplomatic tensions, affordability challenges
Nearly half of the tech workers who moved to Canada between April 2022 and March 2023 originated from India.
University of Alberta targets $50 million with new innovation fund, announces first investment in AI system control startup
The university plans to reinvest returns from the donor-fuelled fund into “future innovations.”