Federal government invests $12 million to support small businesses through COVID-19 relief fund
The federal government is investing $12 million into the Canada United Small Business Relief Fund to help small businesses during the COVID-19 pandemic. Canada’s Minister of Small Business, Export Promotion and International Trade Minister Mary Ng announced the new investment at a press conference Tuesday….
NACO receives $710,000 from feds to increase presence in Western, Atlantic Canada
The National Angel Capital Organization (NACO) has received $710,000 from the federal government as it is working to increase its presence across Canada. The funding comes from two of the federal government’s regional development agencies (RDAs); Western Economic Diversification Canada (WD) is set to provide…
Food robotics startup YPC Technologies raises $1.8 million seed round
Montreal-based YPC Technologies, a food robotics company with the goal of making good food more accessible, has closed a $1.8 million CAD seed round, bringing the startup’s total equity funding to date to $2.3 million. “YPC Technologies’ versatile approach to robotic cooking has the potential…
S|W: The SaaS Weekly – Zoom’s big bid
The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe. Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week! Provision extends…
Lightspeed CEO Dax Dasilva on the five types of leaders
Dax Dasilva thinks a lot about leadership. In the below video interview for the #CIBCInnovationEconomy series (recorded in December 2019), the CEO of Canadian point-of-sale startup Lightspeed admits that “you kind of end up having to be a philosopher” to survive the ups and downs…
Eight startups joining Intuit Canada, Highline Beta’s Prosperity accelerator
FinTech company Intuit Canada and venture capital firm Highline Beta have revealed the eight startups in the inaugural cohort of the Intuit Prosperity Accelerator. “This collaboration with the startup ecosystem will allow us to innovate with velocity and purpose.” First announced in July, the accelerator…
Bonjour Startup Montréal names members of first board of directors
Bonjour Startup Montréal, a nonprofit organization with the goal of putting Montréal’s startup ecosystem on the map, has named the member of its first board of directors. The establishment of the board marks a key moment in the governance of the young organization, which has…
Amid EdTech boom, Knowledgehook raises $20 million Series A
Kitchener-Waterloo-based Knowledgehook, which has developed an artificial intelligence-based EdTech platform aimed to improve math education in school districts, has raised a $20 million Series A round of financing. “The pandemic has heightened the need for digital solutions that focus on building teacher capacity to deliver…
Geneviève Tanguay named as new CEO of Anges Québec
Geneviève Tanguay has been named the new CEO of angel investing group Anges Québec, replacing longtime leader François Gilbert. Gilbert had served as Anges Québec’s CEO since the organization was founded in 2008. Tanguay is set to take over from Gilbert as of November 2….
New proposed parameters for emergency wage subsidy that would be in place until December
The federal government has revealed what the Canada Emergency Wage Subsidy (CEWS) could look like until the end of its tenth period in December, following the announcement of the program’s extension to June 2021. These proposed changes would increase the budgeted cost of the wage…
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