Organization: Rotman School of Management

The Short Report, October 2, 2019: Kin cryptocurrency, robot tax, health tech

In a dramatic post, Kik founder and CEO Ted Livingston announced the Waterloo-based company will shut down its messaging service and focus exclusively on its cryptocurrency Kin. Livingston described a protracted battle with the Securities and Exchange Commission (SEC) over whether Kin should be labeled a security, which he says “would kill the usability of…

Toronto’s Creative Destruction Lab receives $25 million through the Strategic Innovation Fund

The Government of Canada is investing $25 million in the University of Toronto’s Creative Destruction Lab (CDL), a non-profit project to pair science-based startups with business expertise. The investment comes through the Strategic Innovation Fund, a $1.26 billion federal program to spur innovation in Canada’s industrial and technological sectors, with a focus on large projects…

RBC steps up investments in AI with new Montreal lab

Montreal has attracted two Canadian financial institutions to its emerging artificial intelligence (AI) cluster. The Royal Bank of Canada has announced more investments in AI research with a new AI lab to open in the city. It also announced a joint, $4-million investment with Bank of Montreal for the Creative Destruction Lab, also in Montreal.…

Rotman estate establishes Catalyst venture fund at U of T

The Univ of Toronto will launch a $45-million Rotman Catalyst Fund using a $30-million gift from the estate of Joseph Rotman to the U of T’s Rotman School of Management. The university will match the gift, directing $15 million to the venture fund and $15 million on other priorities such as scholarships, faculty positions and…

Rotman School presents inaugural awards

Two leading institutions and a financing pioneer were the first recipients of awards presented by the Creative Destruction Lab (CDL) at the Univ of Toronto‘s Rotman School of Management. The Labour Award was made to the Univ of Waterloo‘s Engineering and Co-op program while the Ideas Award went to the Canadian Institute for Advanced Research.…

Creative Destruction Lab selects award winners

The Univ of Waterloo is one of three winners of the inaugural awards presented by the Creative Destruction Lab (CDL) at the Univ of Toronto‘s Rotman School of Management. U of W won CDL’s Labour Award for its engineering and co-op program for its impact on Canadian competitiveness through the development and promotion of human…

Report pinpoints causes of Ontario prosperity gap

Ontario must explore new tax reform measures and address the high tax burden on capital investment in order to close what’s been called the 10% prosperity gap. The recommendation was made by the Ontario Task Force on Competitiveness and Prosperity in its second annual report. The Task Force — led by Roger Martin, dean of…