BDC launches matching investment program for Canadian VC-backed companies affected by COVID-19
According to a letter shared by the Canadian Venture Capital and Private Equity Association (CVCA), BDC Capital today launched…
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Banks open up applications for $40,000 interest-free emergency business loans
On Thursday, April 9, banks officially opened up applications for the $40,000 interest-free loan program introduced by the…
Feds work to revise wage subsidy, but Canadian tech reaction is mixed
On Wednesday, Prime Minister Justin Trudeau confirmed the federal government is “relaxing” the criteria for the Canada…
Canadian Advanced Technology Alliance urges feds to release backlogged SR&ED funding
The Canadian Advanced Technology Alliance (CATA) is submitting an “emergency” funding proposal to the federal government…
Survey finds 82 percent of tech CEOs plan to make layoffs after being left out of federal wage subsidy
A new survey from the Council of Canadian Innovators (CCI) estimates that around 39,000 Canadian information and communications…
City of Toronto reclaims startup lead as it restructures to better fight COVID-19
Chris Rickett, the former manager of entrepreneurship services at the City of Toronto, has returned to a role in the municipality,…
Government drafting legislation on wage subsidy ahead of recalling parliament says Trudeau
During his daily media briefing on Monday morning, Prime Minister Justin Trudeau said his government is drafting legislation…
Waterloo tech companies join demands for wage subsidy modifications in letter to feds
A group of Kitchener-Waterloo region organizations and startups, led by Communitech, are echoing concerns that the federal…
Federal government’s updated work-sharing program more open to startups amid COVID-19
In light of the COVID-19 pandemic, the federal government has introduced new measures to its existing work-sharing program,…
Traction on Demand, BC government create platform to coordinate medical supply donations
British Columbia’s provincial government has partnered with several organizations, including Vancouver-based cloud technology…
CCI tells feds emergency wage subsidy must be expanded to support Canadian tech
The Council of Canadian Innovators (CCI) and its members are calling on the federal government to make adjustments to the 75…
Morneau provides more detail on government’s 75 percent wage subsidy for Canadian businesses
The 30 percent decline in revenue needed for businesses to be eligible for the federal government’s 75 percent wage subsidy…
SVB payment deferrals during COVID-19 pandemic extend to Canadian companies
Silicon Valley Bank (SVB) has launched a relief initiative that will provide the bank’s venture debt borrowers with loans…
Government expands procurement deals with Canadian startups to aid with COVID-19
The Government of Canada has officially signed procurement deals with three Canadian healthtech companies that it had signed…
Ontario manufacturing Supercluster investing $50 million to support COVID-19 solutions
Ontario’s Next Generation Manufacturing (NGen) Supercluster is set to invest $50 million of its Supercluster initiative…