Canadian FACIT supports cancer research translation and invests in three talented Ontario start-ups
FACIT has announced the first three investments under its new Prospects Oncology Fund for proof-of-concept development of breakthrough cancer technologies. Ontario start-ups Radialis Medical of Thunder Bay, KA Imaging of Kitchener, and DNAstack of Toronto are the first to receive capital from this new fund, illustrating the strength and breadth of the cancer research network […]
Ottawa announces $1.2 billion Strategic Innovation Fund
Ottawa is launching a new $1.26 billion Strategic Innovation Fund that’s available across all sectors, Innovation, Science and Economic Development Minister Navdeep Bains announced today in Hamilton, Ont. The fund is intended to support four types of innovation activities, according to a government news release. Those are organized into four different streams: research, development, and […]
Simon Fraser University receives $1 million from Coast Capital Savings for student program
Simon Fraser University has received a $1 million gift from Coast Capital Savings to help fund Western Canada’s first university business “student incubator” over the next five years. Don Coulter, president and CEO of the 1,650-employee Surrey-based credit union, said he was extremely proud” to announce to fund the SFU Venture Connection over the next […]
ScaleUP Ventures closer to $75 million fund target after $25 million boost from Ontario government
Toronto-based ScaleUP Ventures (SUV) announced today a second close of $32.25 million for its ScaleUP Ventures Fund, which now has over $70 million in committed capital. The funding was led by $25 million from the Province of Ontario, via the Ministry of Research, Innovation and Science. “We need to continue to strengthen Ontario’s innovation ecosystems […]
Canada Foundation for $1.3M in innovation funds five new leadership awards at UCalgary
Five University of Calgary researchers have been awarded Canada Foundation for Innovation John R. Evans Leaders Fund (JELF) awards, valued at over $1.3 million. Announced today by the Honourable Kirsty Duncan, Minister of Science, the awards will support research in the Cumming School of Medicine, the faculties of Kinesiology and Arts, and the Schulich School […]
QD Solar, incorporated by MaRS Innovation and the University of Toronto, secures over $10M for the development of transformational Solar Energy Technologies
QD Solar, a Canadian technology company created by MaRS Innovation and the University of Toronto, announced today the closing of a C$2.5M Series A funding led by DSM Venturing, with matching investment participation from existing investors, MaRS innovation and KAUST Innovation Fund. The development of this technology is also supported by project funding that was […]
Ontario’s New William G. Davis Innovation Fund encourages college students to pitch creative projects
To help mark the Ontario colleges’ 50th anniversary celebrations in 2017, colleges have launched a new William G. Davis Innovation Fund contest that encourages students and alumni to pitch creative projects and initiatives that will compete for cash prizes. The fund has been named after former premier William G. Davis, who served as Ontario’s education […]
$20-Million Fund Will Support Innovation at Ontario’s Colleges
The new $20-million Colleges Applied Research and Development Fund (CARDF) announced by Premier Kathleen Wynne will promote new economic growth, the Ontario Centres of Excellence and Colleges Ontario said today. “College-based applied research projects continue to develop innovations that help businesses throughout the province grow and create new, high-quality jobs,” said Linda Franklin, the President […]
How Canada can provide a powerful spark for innovation through an SBIR-like program
“Government is a big buyer with many complex challenges. Entrepreneurs with innovative solutions to these problems should have a shot at solving them, don’t you think?” This was a question asked this fall by federal Minister of Small Business and Tourism Bardish Chagger in a speech she gave to celebrate Small Business Week in Ottawa. […]
Two entrepreneur alumni donate $1 million each to UBC seed fund
Greg Peet, a technology entrepreneur who attended UBC’s Sauder School of Business, and Glenn Walsh, who founded the mining construction company Tercon Group and is an alumnus of the faculty of applied science, donated the money to a seed fund run by entrepreneurship@UBC. The fund, known as e@UBC, “provides startup programs, industry mentorship, office and […]