The Short Report – November 23, 2022: $1.2 billion for Oceans Protection Plan projects; Ontario’s AI sector growing; Attabotics raises US$71 million; feds failing on cybersecurity risks; and more
Organization: iNovia Capital
The Short Report – July 6, 2022: Funding to address trauma in frontline workers, a name change for the superclusters initiative, topping up patient-oriented research in Sask. and Manitoba, a new ED for SNOLAB, and more.
Ottawa invests more than $28 million to address PTSD and trauma in frontline and essential workers; the supercluster program gets a name change from Minister Champagne; patient-oriented research funding for Manitoba and Saskatchewan, Dr. Jody Cooley is appointed new ED at SNOLAB, and more.
The Short Report – June 30, 2021: Ontario invests $70M in R&D, Ottawa supports optics and photonics research, a Nova Scotia centre of forestry innovation, and more
Ontario announces support for hundreds of research projects across the province; Quebec’s INO optics and photonics research centre gets a boost, Nova Scotia launches a forestry innovation centre, and more.
Creative Destruction Lab adds new location at University of Oxford
CDL-Oxford will be the seventh location in the network of seed-stage accelerators first developed at the University of Toronto’s Rotman School of Management in 2012.
Editorial – 30-10
Is Canada finally getting its innovation house in order? Two recent developments offer encouraging signs that federal (and provincial) policy is beginning to address past shortcomings at both ends of the innovation spectrum, acknowledging the importance of fundamental research and ensuring that rapidly expanding tech firms grow while remaining in Canada.
Clearpath Robotics raises $14 million in venture capital
Clearpath Robotics has raised $14 million in venture capital funding to expand its portfolio of industrial applications. The Kitchener ON-based spinoff from the Univ of Waterloo bills itself as dedicated to automating the world’s “dullest, dirtiest and deadliest jobs” that will enable North American firms to onshore manufacturing rather than chase cheap labour. The latest…
Clearpath Robotics raises $14 million in venture capital
Clearpath Robotics has raised $14 million in venture capital funding to expand its portfolio of industrial applications. The Kitchener ON-based spinoff from the Univ of Waterloo bills itself as dedicated to automating the world’s “dullest, dirtiest and deadliest jobs” that will enable North American firms to onshore manufacturing rather than chase cheap labour. The latest…
Allocadia received $7 million in series ‘A’ VC financing
Allocadia Software, Vancouver, has received $7 million in series A financing is to expand marketing and further develop its software products for moving market planning, budgeting and analysis from spreadsheets to the cloud. The financing was led by Altos Ventures, Menlo Park CA, as well as Montreal-based iNovia Capital, Illuminate Ventures, Oakland CA, Beehive Holdings,…
iNovia invests $8.6 million in Mitre Media
Edmonton-based Mitre Media has raised $8.6-million from a group of investors led by iNovia Capital. The firm — formed in January/12 — will use the proceeds to establish an on-line financial service for high net worth investors financial advisors, and financial decision makers. The company will grow through acquisitions, with two already completed earlier this…
iNovia Capital creates third venture capital fund
iNovia Capital has raised $100 million to launch its third fund as it builds on its strategy of focusing on companies in the Internet, digital media and communications sectors. Funding of iNovia Investment Fund III LP was secured from new and existing investors including Teralys Capital, BDC Venture Capital, AVAC Ltd, Alberta Enterprise, BC Renaissance…