Canada is well positioned to thrive in the global “blue” economy of ocean-based activities. A new consortium is mounting the support and investment for Canadian start-ups that will build this economy.
Organization: Innovacorp
The Short Report – March 23, 2022: Ottawa set to issue green bond, Ontario’s first-ever critical minerals strategy, $66 million for on-farm climate action projects, and more
Canada prepares to issue its inaugural green bond; Ontario positions itself as a critical minerals leader to support its plans for an EV supply chain; Prairie farmers get a boost to adopt sustainable management practices, and GOC and Maritime provinces invest in patient research.
Canada poised to lead in ocean research with the right focus and policies
With the right focus, policies and funding, Canada could be poised to seize a significant part of the ocean economy’s growth as the globe recovers and rebuilds post-pandemic, says Donald Grant, executive director at the Ocean Startup Project.
The Short Report, February 26, 2020: Transatlantic AI projects; multiplying ocean startups; scaling in the Big Apple
The Short Report: Transatlantic AI projects, ocean startups, new aeronautics centre of excellence, Canadian startups in New York, advancing 5G networks, constructing mass timber buildings, agri-food sustainability, and more.
The Short Report, June 19, 2019 – Research chairs, cybersecurity, Strategic Innovation Fund
Science and Sports minister Kirsty Duncan has announced over $275 million for 346 new and renewed Canada Research Chairs at 52 institutions across Canada. It was the most gender diverse competition yet: 47% women, 22% visible minorities, 5% persons with disabilities, and 4% Indigenous peoples. The Canada Foundation for Innovation is contributing another $5.2 million…
Malcolm Fraser
Malcolm Fraser has been appointed CEO and president of Innovacorp, an early-stage venture capital firm based in Nova Scotia, effective this October. Fraser, a technology entrepreneur, takes over from Stephen Duff, who served as Innovacorp CEO and president from 2013. Fraser founded ISL Internet Solutions Ltd., a digital agency which was later renamed MODE, in…
Atlantic Canada VC fund swells to $37.5 million
Moncton-based Technology Venture Corp (TVC) and the Government of Prince Edward Island have joined a (still unnamed) new Atlantic Canada venture capital fund, boosting the committed total to $37.5 million. TVC is contributing $5 million to the fund while PEI is contributing $2.5 million. The Nova Scotia and New Brunswick governments have already committed $15…
Nova Scotia considers launching new VC fund
Nova Scotia is exploring the possibility of launching a privately operated venture capital fund to target the region’s opportunities in clean technology, life sciences, information technology and other high-tech sectors. If the proposed fund is greenlighted, the province will use some of the $30 million it committed last year to Nova Scotia First Fund, managed…