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.
Quebec
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.
Québec attracted more venture funding than any other Canadian region in Q1 2023
Québec startups raised a cumulative $317.3 million in Q1 2023.
Bell to acquire Montréal cloud services provider FX Innovation
Bell posted an 88 percent decline in free cash flow since the first quarter of 2022.
Smart display company E2ip Technologies raises $120 million
Export Development Canada and McRock Capital co-led the round.
Mila secures $21 million from Québec government to support ethical AI research, projects
The 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
Cleantech, FinTech, AI, and quantum sciences are getting attention.
Mila, UNESCO warn against use of AI in “harmful contexts” in joint book on AI governance
Joint book addresses lack of accountability, transparency in AI training models.
Venture funding surged in Québec and Alberta tech sectors over 2022, bucking national trend
Alberta and Québec investment increased by 89 percent and 21 percent, respectively.
CAN Health Network to serve all of Canada with Québec, northern territories expansion
The initiative secured $30 million in federal funding for the expansion.
Canadian privacy commissioners launch joint investigation into TikTok data use
TikTok agreed to a $2 million settlement for a Canadian class action lawsuit last year.
AAVAA closes $2 million CAD to develop smart listening device
AAVAA’s tech allows users to control their electronic devices using their brain.
Cogeco acquires independent internet provider Oxio’s telecom business
The purchase marks latest blow to Canadian telecom competition.