Author: Mark Lowey

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.

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What Canada’s new innovation agency can learn from the rest of the world

The new Canada Innovation and Investment Agency faces daunting challenges and will need political autonomy, be free to take risks in picking companies and sectors for funding, and have strong private sector support to succeed in increasing business R&D investment and innovation, say innovation and policy experts.

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The Short Report – June 15, 2022: CREATE program receives new NSERC funding, feds provide up to $100M to Saskatchewan potash mine, Alberta invests in quantum hub, $24M for research on life-saving organ transplant technology, and more.

The Short Report – June 15, 2022: CREATE program receives new NSERC funding, feds provide up to $100M to Saskatchewan potash mine, Alberta invests in quantum hub, $24M for research on life-saving organ transplant technology, and more.

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Use it or lose it, says report on Canada’s AI advantage

The explosion of artificial intelligence innovation will transform the way research is done, but Canada must expand existing its strengths in AI or risk losing its competitive advantage in the technology, according to a new report by the Council of Canadian Academies.

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Alberta Innovates provides $9.1-million boost for the province’s tech SMEs

Alberta Innovates is investing more than 9.1 million in 15 projects aimed at supporting Alberta’s SMEs and addressing gaps in the innovation continuum from ideation to commercialization. The largest grant — nearly $1.35 million — went to Calgary-based Cybera Inc. for its newly established Applied Data Science Lab for Economic Development program.

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