BDC expands Defence Platform to $6 billion and names a StrongNorth Fund leader
Feds inject $1.2 billion more into BDC’s strategy to help SMBs seize defence opportunities.
Ottawa
MDA Space seeks $300 million USD through IPO on New York Stock Exchange
Firm will keep TSX listing as it raises capital for growth and potential debt paydown.
Feds say TikTok can continue Canadian operations, but under new rules
After national security review, government reverses course on proposed ban of company’s Canadian operations.
Ottawa gives NRC $900 million for drone innovation hub and defence-focused IRAP stream
Commitment comes through $6.6-billion Defence Industrial Strategy.
Dominion Dynamics says it will invest $50 million to build a “sovereign autonomous wingman”
Uncrewed aircraft will be designed to fly alongside crewed fighters.
CVCA and NACO offer competing visions for feds’ $750-million venture envelope
NACO points to early-stage gaps, while CVCA wants capital committed to growth.
L-Spark completes its first cohort as a corporate accelerator
Executive director sees more to do after eight companies make inroads to telecom giant Mitel.
New trade association aims to give domestic SMBs a shot in Canada’s “defence renaissance”
For those about to defend, there’s a new ACDC in town.
Sluggish growth, lost value: what decades of data reveal about Canada’s early-stage funding gap
NACO and Startup Genome report argues that Canada’s tech ecosystem lost $66 billion USD in value.
MDA Space makes defence-industry push with launch of 49North
CAE vet Joe Armstrong will lead subsidiary exclusively focused on Canada’s defence industry.
“The world has changed”: Canada’s new Defence Industrial Strategy aims to reduce US dependency
PM lays out plan to buy domestically and partner with “trusted allies.”
Feds’ $6.6-billion Defence Industrial Strategy takes aim at building a “robust” Canadian defence sector
DIS outlines a “build-partner-buy” framework and plans to name “national champions.”
Ottawa, Gatineau launch defence innovation task force in bid for NATO defence bank
Task force features mayors, a retired general, and leaders from One9 and Ranovus.
Backboard.io claims its AI has a better memory than yours
Ottawa startup’s AI platform outperformed other models on two memory benchmarks.
Shopify stock slumps despite record-breaking Q4 revenue
E-commerce giant authorizes $2-billion USD share buyback as CFO touts strong balance sheet.