Early-stage startups grapple with fallout after Québec-funded investment program suspended
Montréal founders say their rounds fell apart after Impulsion PME’s “safety net” for investors disappeared.
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Aramis Biotechnologies secures $80 million CAD for vaccine development do-over
Former staffers from Medicago get another shot at vaccine development with renewed backing from federal government.
Cohere secures federal backing to build multibillion-dollar Canadian AI data centre
This marks the first investment through the new Canadian Sovereign AI Compute Strategy.
BDC launches program to help small businesses access financing to adopt AI
Program includes cybersecurity assessment and workflow automation assistance.
BC Securities Commission fines ezBtc owner $18.4 million over crypto fraud
CBSC previously found crypto platform had diverted one-third of customer deposits to personal accounts.
British Columbia deploys combined $9.2 million into projects tackling climate, nutrition, health and more
Funding recipients include Ekona Power, Wildfire Robotics, and Ideon Technologies.
The DOJ wants to take Google Chrome away, Rob Kenedi wants to decelerate tech
After a decade of quiet dominance, the browser space is suddenly filled with uncertainty.
Firestarter program goes national with funding from BDC Thrive Lab
Following Atlantic Canada pilot, program supporting women-led startups will host first cohort in early 2025.
Canada’s Competition Bureau targets Google for anti-competitive practices
Google faces anti-trust fights on both sides of border as Canadian agency looks to force sale of adtech tools.
Shopify calls on feds to “do whatever is necessary” to resolve Canada Post strike before Black Friday
Shopify suggests federal government impose binding arbitration or legislation to make postal service operational.
FDA clears drug for rare and deadly GI cancer developed by Canadian firm Zymeworks
Co-founder of Zymeworks calls approval “the dream that many said was not possible.”
BDC hopes to reverse trend of declining Canadian entrepreneurship through Community Banking initiative
BDC will back local lending partners with co-lending, indirect lending, loan guarantees, and advisory services.
Alberta Innovates the second provincial innovation agency affected by cyberattack this year
A breach affected Invest Nova Scotia in May that resulted in $573,000 in stolen funds.
Manitoba launches new innovation and technology department amid cabinet refresh
Mike Moroz will head the division supporting the province’s tech industry and modernizing public services.
Citing national security risks, feds order shutdown of TikTok’s Canadian arm but forgo outright ban
Minister Champagne says Canadians can still access TikTok, calling that “a personal choice.”