BDC unveils $4-billion defence technology platform
Crown corporation explicitly encourages businesses to “apply their skills to defence needs.”
Quebec
BDC tells VCs it’s willing to lift restrictions on defence investing
Crown corporation aims to support the build up of Canada’s defence industry.
Scale AI unveils $129 million for 44 new applied AI projects across Canada
AlayaCare, League, FluidAI Medical, MDA Space, and Vooban among recipients.
Canada launches its own quantum research program to rival DARPA initiative
Nord Quantique, Xanadu, Photonic, and Anyon to get up to $23 million in funding through CQCP.
Goodfood loses another leader as co-founder says he’s stepping down as president and COO
Neil Cuggy took over day-to-day operations after co-founder Jonathan Ferrari abruptly left in August.
Inovia promotes two principals to partner as it readies 2026 fundraising push
Montréal VC firm planning a sixth venture fund and “larger” Discovery Fund II to back emerging managers.
Morphocell rounds out Series A at $50 million USD to accelerate liver regeneration tech
Montreal biotech secures another $10 million USD co-led by Investissement Québec and CDP Venture Capital.
Canadian governments open arms, and wallets, to US chipmakers
Federal, Québec, and Ontario governments promise millions to Canadian semiconductor projects from IBM and Marvell.
Dcbel partners with Volvo and Polestar to turn EV batteries into home power backups
CEO claims impact from US trade war and evaporating EV incentives is “minimal.”
Another fund partner leaves BDC
Guillaume Mercier steps away from Industrial Innovation Fund as leadership churn continues.
UAE research institute to open lab within Mila
Montréal AI research centre and Technology Innovation Institute team up as PM visits UAE.
New Life Sciences Fund and leadership churn reveal continued reset at BDC
Growth Venture Fund leader is out nine months after BDC allocates $1 billion and expands mandate.
Sonder collapses after spending nearly $3.7 million on now-defunct Marriott deal
Short-term rental company winding down operations “immediately” amid ongoing liquidity issues.
BenchSci inks multi-year partnership with Mila to develop AI for drug discovery
Collaboration aims to build AI systems capable of biological inference and experimental assay prediction.
Stingray to buy media streamer TuneIn for $175 million USD
San Francisco-based company will “significantly expand” Stingray’s global footprint.