Plus: Annual grades for Wealthsimple, Shopify, Cohere, and more. Congrats, folks, we’ve survived another year. As required for The BetaKit Podcast to maintain its podcasting license, we are here to to review the tech year that was. “We are about to see a bunch of people who are powerful, successful, and feel like they […]
SR&ED expands eligibility while pension fund investment incentives get sweetened. The Government of Canada has announced a fourth, $1-billion CAD round of funding for the Venture Capital Catalyst Initiative (VCCI) among a slew of other initiatives and updates ahead of its delayed Fall Economic Statement. Under VCCI, the federal government provides one dollar for […]
Montréal founders say their rounds fell apart after Impulsion PME’s “safety net” for investors disappeared. Following the surprise suspension of a Québec investment-matching program, a Montréal-based sustainable packaging startup says it could fold within the next few months if it can’t secure new funding. Mishel Wong, the founder and CEO of Bopaqa cleantech startup […]
Government-backed initiative will match founders with senior leaders at companies like Interac, Loblaw Digital, National Bank, and more. The National Angel Capital Organization (NACO) has rolled out a new initiative backed by the Government of Canada geared towards helping entrepreneurs across Canada strengthen their networks. The six-month programwhich was announced at Toronto tech conference […]
Oceans Supercluster also doled out $4.5 million and Scale AI teased a call for projects. This week, the federal government and one of the federally-backed Canadian innovation clusters announced a number of financial commitments for artificial intelligence (AI) projects across the country at the second annual ALL IN conference held in Montréal. Canada’s Minister […]
Economic development agency dispenses $6.3 million across nine startups and ecosystem programs. Prairies Economic Development Canada (PrairiesCan) has invested $6.3 million across nine Saskatchewan ecosystem projects and businesses. The capital distribution comes in the form of large, repayable sums going to “high-growth businesses” such as Andgo Systems to help with scale-up, while smaller, non-repayable […]
“Who you are and whom you love shouldn’t hurt your business,” says small business minister. The federal government has revealed the organizations selected to deliver two key components of Canada’s 2SLGBTQI+ Entrepreneurship Program. The $25-million federal program, first revealed in June 2023, aims to offer dedicated support to Canadian entrepreneurs who identify as 2SLGBTQI+. […]
Alberta startups earned a slight edge over BC in venture funding for the first half of 2024. The federal government is investing $15.6 million in 16 projects to boost technology commercialization in Alberta. The investment is being made through Prairies Economic Development Canada (PrairiesCan), the federal regional development agency for Alberta, Manitoba, and Saskatchewan. […]
