Author: Veronica Silva

Mike Pedersen

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The board of directors of the Business Development Bank of Canada (BDC) has a new chair, financial industry executive Mike Pedersen. Pedersen will succeed former chair Samuel Duboc and will hold a term of four years starting March 5, 2018. Robert Pitfield, a member of the board since May 2014, will be the interim chair…

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Joe Allen

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Univ of New Brunswick has appointed industry executive Joe Allen as managing director of its accelerator programs at the J. Herbert Smith Centre for Technology Management & Entrepreneurship. Prior to his appointment, Allen was director of investments for the New Brunswick Innovation Foundation, where he was responsible for managing a portfolio of about 50 venture capital investments…

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Canada in top 10 among innovation champions in CTA scorecard

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Canada is among the top countries that are championing innovation, according to the inaugural survey of the Consumer Technology Association (CTA), the producers of the widely popular Consumer Electronics Show (CES) held annually in Las Vegas, NV. Canada is considered an innovation champion – the 8th among 13 innovation champions in the scorecard. The other…

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Polytechnics CEO to step down

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Leadership change is coming to Polytechnics Canada as its CEO, Nobina Robinson, has announced that she will step down by May 2018. The association, which represents research-intensive, degree-granting colleges and institutes of technology, has tapped the services of Boyden Canada to facilitate the selection of a new CEO for a smooth turnover. Robinson was appointed…

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Brain Canada & CQDM fund AbCellera’s cell screening platform technology

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AbCellera Biologics Inc and the Univ of British Columbia (UBC) received non-dilutive funding of $1 million from pharma-based consortium CQDM and charitable organization Brain Canada Foundation to advance a discovery platform for next-generation antibody therapeutics. With the additional contribution of $450,000 from AbCellera, the program will leverage AbCellera’s high throughput, single-cell screening platform to allow rapid…

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Toronto only Canadian metro area to make it to Amazon’s HQ2 shortlist

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Toronto is the only Canadian city on the short list of 20 metropolitan areas that Amazon.com Inc is considering for its second headquarters in North America, dubbed HQ2. The 20 metro regions were selected from 238 submissions. Other Canadian metro areas, including Ottawa, Montreal and Vancouver, put in proposals, but only Toronto made the cut.…

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StatsCan data show cleantech contributing to GDP

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Environmental and clean technologies are contributing to the Canadian economy, accounting for 3% of the gross domestic product and employing more than a quarter of a million, according to the first ever set of data released by Statistics Canada last month. 

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TD acquires Toronto AI firm

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TD Bank has acquired Layer 6 Inc, a Toronto-based artificial intelligence firm, for an undisclosed amount. The bank said its latest investment is part of a transformation strategy to deliver personalized customer experience. Layer 6 offers an AI platform to financial institutions and e-commerce for prediction and personalization. Layer 6 is co-founded by co-CEOs Tomi Poutanen…

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