Organization: Startup Genome

The Short Report – August 3, 2022: CAMH awarded the first federal psilocybin study grant; C6 Launch Systems prepares for suborbital test at a foreign spaceport; Ottawa launches calls for Women Entrepreneurship Strategy Ecosystem Fund projects, and more.

CAMH receives first CIHR grant to study psilocybin and its effect on treatment-resistant depression; Toronto-based C6 Launch Systems prepares for its first suborbital test at a foreign spaceport through its Brazilian subsidiary, Ottawa makes $40 million available for projects that deliver business supports for women entrepreneurs, and more.

Canada growing more $1-billion “unicorn” companies, global startup ecosystem report shows

More Canadian companies are remaining in Canada to grow “unicorns” (firms with a $1-billion or more valuation) rather than selling early to foreign entities, according to data in Startup Genome’s 2022 Global Startup Ecosystem Report. Meanwhile, in Atlantic Canada the number of startups slowed for the second year in a row, according to a separate report by Nova Scotia-based Entrevestor.

Federally funded project aims to build collaborative network of SMEs to grow B.C.’s ag-tech sector

The “AGtech Innovation Sandbox” in British Columbia — which received $10 million in federal funding — aims to build a collaborative network of SMEs to grow the province’s ag-tech sector, based on an innovation model used to support companies developing digital health technologies. Meanwhile, Vancouver is ranked No. 9 in the world’s top 35 “ag-tech and new food” ecosystems, according to a new report from Startup Genome.

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…