Québec attracted more venture funding than any other Canadian region in Q1 2023
byQuébec startups raised a cumulative $317.3 million in Q1 2023.
Quebec
Bell to acquire Montréal cloud services provider FX Innovation
byBell posted an 88 percent decline in free cash flow since the first quarter of 2022.
Smart display company E2ip Technologies raises $120 million
byExport Development Canada and McRock Capital co-led the round.
Mila secures $21 million from Québec government to support ethical AI research, projects
byThe provincial government also invested $14.3 million into ten incubators, accelerators.
Québec budget aimed at stimulating the economy with investments in tech sectors, skilled labour
byCleantech, FinTech, AI, and quantum sciences are getting attention.
Mila, UNESCO warn against use of AI in “harmful contexts” in joint book on AI governance
byJoint book addresses lack of accountability, transparency in AI training models.
Venture funding surged in Québec and Alberta tech sectors over 2022, bucking national trend
byAlberta and Québec investment increased by 89 percent and 21 percent, respectively.
CAN Health Network to serve all of Canada with Québec, northern territories expansion
byThe initiative secured $30 million in federal funding for the expansion.
Canadian privacy commissioners launch joint investigation into TikTok data use
byTikTok agreed to a $2 million settlement for a Canadian class action lawsuit last year.
AAVAA closes $2 million CAD to develop smart listening device
byAAVAA’s tech allows users to control their electronic devices using their brain.
Cogeco acquires independent internet provider Oxio’s telecom business
byThe purchase marks latest blow to Canadian telecom competition.
Mining, energy companies lead TSXV’s list of 50 top-performing public companies
byNewfoundland’s Kraken Robotics tops technology category.
Québec to house IBM quantum supercomputer as Xanadu secures $40 million from feds
byPINQ² will operationalize the quantum supercomputer this year.
Ferme d’Hiver raises $46 million CAD to replace 10 percent of Canada’s strawberry imports
byFerme d’Hiver aims to juice Canada’s domestic strawberry supply.
Teralys receives $40 million from CDPQ in re-up for seed-stage fund of funds
byThe seed fund of funds comes in addition to Teralys raising a new VCCI-backed fund.