Author: Veronica Silva

Ontario Budget 2018 puts more support for scale-ups, startups and promising sectors

With elections just around the corner, Ontario Liberals released earlier than usual its 2018 budget, which includes at least $1.5 billion for R&D and innovation. The $158.5-billion spending plan focuses largely on enhanced social, education and healthcare initiatives but also commits millions to businesses as well as R&D, innovation and competitiveness.

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New Canada 150 chairs announced in Ottawa

Ottawa recently announced more appointees to the Canada 150 Research Chairs, a program which attracted some of the top international researchers from all over the world to consider Canada their new home or to consider coming back home. The Canada 150 research chairs competition is funded in Budget 2017 for $117.6 million. The chairs come…

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Sudbury project gets $1.6M to tackle GHG issue

The Landscape Carbon Accumulation Research (L-CARE) project of Laurentian Univ is receiving a total of $1.6 million to support its research on addressing greenhouse gas emissions (GHG) in Ontario. Of the total funds, 50% or $798,000 is from the TargetGHG program under the Ontario Green Investment Fund announced in Budget 2015. The other half will…

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Biofuel firm gets $12M in new round of investment

Quebec’s agtech firm, Agrisoma Biosciences, Inc., has received $12 million from a new round of investors, including Desjardins Capital, a first-time investor. The company, which produces biojet fuel for the aviation industry, has recently struck deals with some global biofuel players, and the new round of funding will help them deploy their commitments and further…

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$25M in federal funding available to provinces, territories for clean tech

Agriculture and Agri-Food Canada recently launched a $25-million, three-year program that aims to fund provinces and territories for clean technology projects that are expected to run from April 1, 2018 to March 31, 2021. Under the Agriculture Clean Technology (ACT) Program, the federal government will provide non-repayable contributions for projects that will help the agricultural…

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Should university mindset about innovation evolve?

Canada’s innovation ranking over the past two decades has not improved, according to the latest OECD data. Let me express alarm in the situation as publicly funded research is an important contributor to innovation.

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Federal gov’t, provinces collaborate to build 5G test bed for SMEs

Investments amounting to $400 million over five years will go to building a series of linked laboratories for 5G technology along the Ontario-Quebec corridor. Under the Evolution of Networked Services through a Corridor in Quebec and Ontario for Research and Innovation (ENCQOR) project, the federal and provincial governments and private sector partners have committed funds…

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Alberta corporation to invest in VC to seed startups

Alberta Enterprise Corporation, the provincial government’s independent fund of funds manager, has invested $5 million in Panache Ventures’ new Canadian seed fund. This investment comes after Panache Ventures recently closed up to $25 million in deals, and the company is keen to support more seed-stage startups across Canada. Panache Ventures is led by former startup…

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