BC startups Kardium, HTEC, Kobalt, Symvivo receive cumulative $11.1 million from feds
The four recipients operate in the life sciences, cleantech, and digital sectors.
Canadian Startup News
Jennifer Couldrey to depart executive director role at The Upside Foundation
General manager Maria O’Reilly assumes interim ED position.
Inossem raises $3.5 million CAD to bolster R&D, add engineers
Inossem aims to help Canadian mid-sized businesses with business automation.
Why Canalyst’s Damir Hot thinks every entrepreneur should have a co-founder
Establish complementary skillsets buoyed by a shared hatred of losing.
Manzil looks to expand Halal financial services platform with $2.44 million CAD, acquisition of Muslim Will
Manzil’s mandate is “to bring a digital Islamic financial institution to Canada.”
Pine comes out of stealth to build “Wealthsimple for home buying”
Pine has secured $27 million since it was founded in 2021.
Acquisitions drive revenues at Emerge Commerce and Plurilock Security
Both companies report revenue increases for the first quarter of 2022.
Lendified expressed doubts about moving forward as a company after posting first quarter loss
Lendified said it is running an accumulated deficit of $52.2 million.
Think Research sees 142 percent rise in Q1 revenue fuelled by acquisitions, “major contract wins”
Despite Omicron-related “setbacks,” Think Research sees strong Q1 revenue growth.
Mara Renewables raises $39.5 million to expand algae-based offerings
Mara wants to promote use of Omega-3 from under the sea.
Able Innovations announces $7.5 million to take the pain out of patient transfer
Amid staffing shortages, Able aims to enable healthcare workers to “do more with less.”
Memorial University to launch two innovation initiatives with support from feds, provincial government, IBM Canada
IBM’s contribution includes hardware, software, staffing.
The federal government wants to address Canada’s intellectual property woes, but is its strategy paying off?
The feds underscored IP in this year’s budget, but some experts point to missed opportunities.
Doctor-founded Cherry Health closes $1.23 million to expand job-matching platform for physicians
Well Ventures, physician-backed Cherry Health aims to build “digital home for doctors.”
Principal to Partner: Éléonore Jarry-Ferron, Pablo Srugo get promoted at Brightspark, Mistral
Jarry, Srugo, and two others co-founded VCHOURS in 2020 to support startups during the pandemic.