Notman House is in trouble. What’s next for the home of Montréal tech?
OSMO Foundation owes unpaid mortgage fees and creditors are pushing for a sale.
Quebec
Montréal FinTech firms target payments with latest offerings
Both Flinks and Shakepay reveal new payment services for businesses and consumers.
Diagram Ventures announces new $60-million VC fund to build and back early-stage cleantech startups
The ClimateTech Fund is co-anchored by Québec and Sagard.
PASQAL, Investissement Québec launch $90-million Quantum Computing initiative
The initiative intends to promote Sherbrooke, Québec as an international quantum hub.
Geomega receives $2 million from NGen for rare earth element recycling plant
Geomega’s recycling plant will help turn magnet scrap into rare earth elements used in electric vehicles.
Microsoft looks to scale Québec presence with $500-million USD investment
Tech giant plans to expand its AI, cloud computing infrastructure in the province.
Trio of Canadian tech companies show progress towards profitability in earnings this week
Thinkific hits positive EBITDA as Coveo and Mogo shrink losses.
Recharge Véhicule Électrique raises over $7 million to expand at-home EV charging
RVE’s president says the funding will help free up 4,000 megawatts of power from the grid.
Electronic circuit manufacturer SMT Intelligence raises $68 million from the Fonds FTQ
SMT uses robotics, AI to produce over eight million electronic circuits annually.
Lightspeed’s stock rises as firm exceeds outlook for fiscal Q2, achieves positive EBITDA
Company takes a step towards profitability, boosts revenue guidance.
Federal, Québec governments invest over $7.6 million into quantum telecom testbed
The testbed will allow businesses to experiment with quantum technologies for telecom networks.
The Québec-IBM Discovery Accelerator now has its quantum computer
The IBM Quantum System One in Bromont, Québec is the first quantum computer of its type in Canada.
Québec venture funding maintained upward trajectory in Q2 2023
Investment in the region grew by 42 percent from Q1 2023, and 81 percent year-over-year.
Tiptap and Omnirobotic pursue restructuring after startups fail to raise additional funding
As VC financing has dried up, a growing number of Canadian tech firms are running out of cash.
Québec’s quantum scene gets boost with new factory, startup studio
French VC, quantum processor manufacturer choose Sherbrooke for its academic expertise, infrastructure.