CDPQ commits $50 million to seed-stage funds in Québec
Quebéc-based institutional investment firm La Caisse de dépôt et placement du Québec (CDPQ) is committing $50 million in additional capital to seed funds within…
Quebec
Voilà! raises $3 million for workforce scheduling software
Voilà!, a Québec-based scheduling and workforce optimization software startup, has received an investment of nearly $3 million. “We believe that if workers build their…
Mila receives funding, support from Borealis AI for climate change project
Borealis AI, part of RBC Institute for Research, has announced a new collaboration with Mila, the Quebec Artificial Intelligence Institute, to support Mila’s research…
The five Canadian startups competing in the IBM Watson AI XPrize
At the beginning of December, the global IBM Watson AI XPrize will announce its top 10 semi-finalists before heading into its fourth and final…
Element AI announces $200 million CAD Series B round
Element AI has closed a much-anticipated venture round, raising a $200 million CAD ($151.4 million USD) Series B from the Government of Quebec, pension…
Canadian, Quebec governments pledge $15 million to create AI centre in Montréal
The federal and Quebec governments have announced the creation of a Montréal-based international centre of expertise for the advancement of artificial intelligence as part…
Today in government funding: Quebec, cleantech, healthtech
Today in government funding, three organizations in Quebec received $415,000, a Burlington-based healthtech company received $2.1 million, and a cleantech startup received $2 million…
Venture capital investments hit record high in first half of 2019
Canadian venture capital investments in the first half of 2019 hit a record high of $2.15 billion, according to the Canadian Venture Capital and…
Kruger Biomaterials to upgrade plant with $2 million from federal government
Kruger Biomaterials, a company that generates cellulose filaments from wood fibres for industrial applications, has received $2 million from the federal government. “We are…
Scale AI receives additional $23.4 million from Quebec government
On Monday, it was announced that the Government of Québec had granted $23.4 million in funding to Quebec-based Supercluster Scale AI, one of five…
Minister Ng shares plan to build capacity for women entrepreneurs as WES invests $3.2 million into Québec
The École des entrepreneurs du Québec has received a $3.2 million investment from the federal government’s Women Entrepreneurship Strategy (WES) Ecosystem Fund. “This is…
Quebec’s Scale AI supercluster announces first four supply chain projects
The Quebec-based Scale AI Supercluster, one of five members of the federal government’s Innovation Superclusters Initiative, focusing on artificial intelligence for supply chains, has…
Desjardins launches $45 million fund to support FinTech startups
Financial services company Desjardins has announced a new $45 million FinTech investment fund, aimed to support startups that use innovative technology or business models…