Balance becomes Canada’s second qualified digital asset custodian
As a “proper local alternative,” Balance aims to bring crypto assets stored in US back home.
Govt
Québec launches $4.5-billion CAD Grand V funding initiative for sustainable innovation projects
Program offers debt and equity financing for companies looking to increase productivity and green-ify operations.
While US moves forward on open banking, Canadian FinTechs met with more “zombie” discourse
Float CEO argues Canada’s reluctance to implement open banking is hurting SMBs.
Invest Nova Scotia has recovered most of stolen funds following summer scam
Justice Department helped return majority of $573,000 lost to email breach and phishing attack.
Moment Energy secures $28.1 million CAD from US Department of Energy to establish gigafactory in Texas
New facility is expected to produce one gigawatt hour annually, enough to power over 750,000 homes.
Applications open for federal SMB programs aimed at AI adoption
The $300 million programs are part of the 2024 federal budget’s $2.4 billion AI package.
PacifiCan and PrairiesCan commit $17.7 million to companies in Western Canada
BC and Alberta companies to receive funding include WaitWell, Avanti, and Ideon Technologies.
Champagne, Conservatives point fingers as Canadian cleantech startups suffer continued SDTC funding delays
Startups face layoffs and cancelled contracts to cover SDTC financing shortfalls, BetaKit has learned.
Does Canada have the leverage to regulate Big Tech?
Google is a monopolist. We spoke with a former Google Canada exec about what should happen next.
Ontario launches second phase of life sciences strategy to bolster research and funding
$146 million commitment to support new Life Sciences Scale-Up Fund, wet labs programs, and procurement.
Feds announce $4 million for Atlantic Canada tech startups through ACOA
Eight of the 10 startups are Nova Scotia-based, including Milk Moovement and UpBeing.
Government-backed Montréal innovation hub Ax-C gets boost from private sector
Launching spring 2025, Ax-C has an additional $5.25 million CAD in support from Bell, Google, Desjardins, and FTQ.
NACO launches fellowship program with national innovation orgs
Government-backed initiative to match founders with leaders at Interac, Loblaw Digital, National Bank, and more.
Fears of repeating Web 2.0’s mistakes permeate AI-focused Competition Summit 2024
Concerns over fate of Bill C-27 loomed over panel discussions between Canadian regulators.
Federal government’s massive $2 billion CAD loan to Telesat sparks Elon Musk debate between ministers
Elon Musk claims Starlink can provide similar internet services at half the cost. Minister Champagne disagrees.