Sanctuary secures $30 million from Canada’s SIF to build robots with human-like intelligence
The AI startup is expected to hire more than 160 employees.
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Federal government’s Climate Action and Awareness Fund invests $58 million into 24 cleantech projects
Volkswagen fines fuel climate projects at Canadian universities.
BluWave-ai, Tehama receive collective $4.4 million from FedDev Ontario for product development, hiring
The federal government investment is expected to create 85 jobs in the Ottawa region.
FreshBooks, Plusgrade, Day & Ross among six Scale AI projects to receive $25 million
Funded projects vary in applications, from the travel industry to accounting.
Federal government invests $2.4 million in P&P Optica to help meat processors automate food safety
PPO’s systems can detect and remove objects like plastics, rubber from food.
CCI laments lack of detail on SR&ED, innovation agency as feds share economic update
Fall Economic Statement indicates projects are underway, but not at a pace the innovation community likes.
With VCCI commitment, Kensington Capital Partners targets $290 million third venture fund
With renewed mandate from Government of Canada, Kensington aims to nearly double its previous fund.
BDC commits $400 million for second cleantech-focused fund
Climate Tech Fund II focuses on reducing greenhouse gas emissions.
CIFAR appoints 8 new AI chairs as Pan-Canadian Artificial Intelligence Strategy enters phase two
CIFAR is responsible for implementing the $443 million federal AI strategy.
VCCI fund managers chosen for latest, $350 million injection of federal capital
Four funds are: HarbourVest Partners, Teralys Capital, Kensington Capital Partners, Northleaf Capital.
Nate Glubish new Alberta innovation minister as Premier Smith names cabinet
Meanwhile: spat between Alberta tech leaders and APEGA over “software engineers” continues.
Manitoba government appoints board members of $50 million provincial fund of funds
The fund’s target size is $150 million.
Amid questions on progress, Canada’s open banking lead says implementation “absolutely” remains on track
Abraham Tachjian says 2021 open banking report is his “roadmap.”
Alberta tech CEOs sign letter claiming restrictions over “software engineer” title hampering province’s talent gains
Open letter to premier addresses “classic example of regulator overreach.”
Shinydocs, Encircle, Proto receive cumulative $7.5 million from FedDev Ontario
The investment into the three Kitchener-Waterloo startups is expected to create 75 jobs.