Organization: MaRS

The Short Report – Feb. 2, 2022: Canadian cleantech companies make Top 100 global list, major VC funds launched by MaRS and Deloitte Canada, regional tech ecosystems see record investment, and more

GOVERNMENT NEWS Environment and Climate Change Canada has opened the second round of applications for $200 million in funding for climate action initiatives through the Low Carbon Economy Fund “Champions” funding stream. Applicants can request between $1 million to $25 million for eligible project expenditures. Since being launched in 2018, the Low Carbon Economy Challenge…

Canadian innovation leaders launch coalition against racism

A group of 25 leaders from the Canadian tech and innovation sectors have launched the Coalition of Innovation Leaders Against Racism (CILAR), which plans to create more opportunities for BIPOC people within the innovation economy. 

The Short Report, May 6, 2020: AbCellera receives $175.6M for COVID-19 therapies; Canada contributes $850 million to global pandemic response; new “super angel” fund launches; and more

Vancouver-based AbCellera Biologics will receive up to $175.6 million from the federal Strategic Innovation Fund to fast-track antibody therapies against COVID-19. The funding will also go to build a first-of-its-kind antibody manufacturing facility over the next four years to help Canada respond to future pandemics. AbCellera has partnered with global biopharmaceutical company Eli Lilly to…

MaRS establishes $30M early-stage clean tech fund

MaRS has established an early-stage clean tech fund backed solely by private sector financing to accelerate the development of firms in the MaRS Cleantech Practice. The $30-million MaRS Cleantech Fund LP is managed by MaRS Cleantech senior advisor Dr Tom Rand and Murray McCaig and has already made investments in GreenMantra and Smart Energy Instruments.…

Evans family gift funds MaRS Solutions Lab

MaRS is launching the MaRS Solutions Lab (MaRS SL) with a $10-million gift from the Evans family in honour of Dr John Evans, a MaRS co-founder and its chair emeritus. MaRS SL will select young leaders through a competitive process to benefit from the MaRS environment of mentorship, a systems view of the innovation process,…