DMZ startups reach milestone of $1 billion in collective funding
Eleven years after the Toronto incubator was founded, alumni and current portfolio companies of Ryerson University-based nonprofit DMZ have raised a total of $1…
incubator
TEC Edmonton to cease operations on June 30
TEC Edmonton, a business incubator jointly run by the City of Edmonton and the University of Alberta, is set to cease operations on June…
DMZ returns to early-stage focus as hub eliminates “crown jewel” accelerator program
The DMZ has made major changes to its startup programming, eliminating its “crown jewel” accelerator in favour of a new incubator program for early-stage…
Xanadu, MaRS, Creative Destruction Lab launch Canada’s first quantum network
Toronto-based quantum computing startup Xanadu, in partnership with MaRS and Creative Destruction Lab (CDL), announced this week the launch of what it claims is…
Velocity to move to new home as part of University of Waterloo, City of Kitchener deal
The University of Waterloo-based incubator Velocity is set to get a new home following the recent announcement of a partnership between the City of…
With advisory board in place, OneEleven’s new MD shares plan to rebuild the Toronto innovation hub
With new leadership and familiar advisors, Toronto innovation hub OneEleven has re-launched. Shuttered following the onset of COVID-19, the tech incubator and co-working space…
Federal government announces $5 million for three Québec innovation orgs
On Thursday, Minister of Economic Development Mélanie Joly announced funding of close to $5 million for three Québec innovation organizations, including Bonjour Startup Montréal….
Matthew Lombardi tapped as new head of OneEleven
Matthew Lombardi has been named the new head of the new OneEleven, BetaKit has learned. BetaKit has confirmed with multiple sources that Lombardi will…
IBM pursuing global expansion of “made-in-Canada” internal incubator program
IBM is in global expansion mode for an internal employee incubator that was first launched in Markham, Ontario in 2018. The company is currently…
OneEleven to return under OCE control in next few weeks
OneEleven, the once shuttered Toronto incubator, is set to return in the next few weeks under Ontario Centres of Excellence (OCE) control, BetaKit has…
Ryerson’s Legal Innovation Zone announces international (virtual) tech entrepreneurship program
This fall, Ryerson University’s legal tech startup incubator, the Legal Innovation Zone (LIZ) is launching Sprint Studio, a free new virtual program for tech…
City of Toronto commits $250,000 to expansion of Black Innovation Fellowship
The Black Innovation Fellowship (BIF), a DMZ program designed to provide Black tech startup founders with more equitable entrepreneurial opportunities, has received a $250,000…
Sustainable Development Technology Canada invests in 17 cleantech startups through seed fund
Seventeen Canadian cleantech startups have received funding from the federal government through Sustainable Development Technology Canada’s (SDTC) seed fund. The amount of financing deployed…