Supercluster funding $74 million behind schedule, according to new PBO report
The federal government’s Innovation Superclusters Initiative is far behind its spending goals, according to a new report…
Reports
Late-stage AI deals push Waterloo Region’s venture funding to five-quarter high in Q2 2020
Venture funding in the Waterloo Region reached $148.6 million in the second quarter of 2020, largely driven by large, late-stage…
BC venture funding keeps pace in Q2 2020 as deal volume continues downward trend
Tech companies in British Columbia (BC) continued to see consistent venture funding in the second quarter of 2020, despite…
Global survey finds diversity in tech has increased over the last decade, still not enough
More than half of people of colour working in tech globally have seen diversity increase in the last decade, according to a…
Montréal sets new funding record with two massive travel tech deals in Q2 2020
Following a strong start to 2020, Montréal tech companies raised a record $566 million in venture funding in the midst of…
Toronto venture funding lags behind Canada’s record-setting Q2 2020
Despite its historical prominence in Canadian tech, Toronto failed to contribute much to Canada’s record funding quarter.…
Canadian venture capital investment hits record in Q2 2020 despite COVID-19
Venture capital investment in Canadian companies hit a record high in the second quarter of 2020, much to the surprise of industry…
CFIB leads petition urging federal government to make changes to CEBA, CECRA, CEWS, CERB
A new online petition launched by the Canadian Federation of Independent Business (CFIB) is urging the federal government to…
Women-owned businesses suffering greater staff reductions due to COVID-19, report finds
During the COVID-19 pandemic, the percentage of women-owned businesses that have laid off 80 percent or more of their staff…
New survey reveals most popular federal COVID-19 support programs for businesses
The federal government’s Canada Emergency Commercial Rent Assistance (CECRA) program, aimed to help small businesses cover…
Lightspeed shows strong growth YoY, but revenues flat after COVID-19 quarter
Lightspeed POS has reported strong year-over-year growth as revenue and customer growth stayed flat due to the COVID-19 pandemic.…
VC deal volume sees slump in first half of 2020 amid COVID-19, CVCA finds
Venture capital and private equity deal volume fell in Canada during the second quarter of this year, as the COVID-19 pandemic…
Report: Canadian angel investment reached record-breaking $163.9 million in 2019
Angel investment reached a new record of $163.9 million in 2019, bringing angel activity to more than $1 billion in Canada…
While venture funding stays consistent, BC startup deal count sees Q1 decline
Venture funding in British Columbia (BC) reached $246 million over 50 deals in the first quarter of 2020, as Victoria emerged…
Report: altering Canada’s approach to public procurement could stimulate innovation
A new approach to public procurement might be an answer to Canada’s innovation problem, according to a recent report published…