The sale of Sierra Wireless to American interests is a reminder that Canada needs to mount a more effective means of supporting this country’s most successful up-and-coming firms, if we expect them to stay in this country.
Topic: Venture Capital
Jim Hinton is a patent lawyer based in Kitchener-Waterloo and the co-founder of the Innovation Asset Collective (IAC), which launched this year with $30 million in federal funding. Research Money spoke to Hinton about the challenges facing tech developers, researchers and policymakers surrounding IP.
Canada’s tech startup ecosystems performed well overall in Startup Genome’s annual global startup report, but more work is required on global marketing and early-stage investment, says JF Gauthier, CEO of the Startup Genome innovation policy advisory and research firm based in San Francisco.
Chris Albinson, the new CEO of Waterloo-based Communitech, says he sees the same process underway in Silicon Valley today that took place in Boston in the late 1990s — and the Waterloo Region is well-placed to become the technology hub to replace it.
A massive science bill in the US could double the National Science Foundation’s budget over the next five years; Canada’s federal funding agencies prioritize research data management with a new policy, Agriculture and Agri-Food Canada launches a new $165.7-million clean tech program, and more.
We spoke with Ruffolo about the thesis for his new private equity firm Maverix, why he’s seeing “ridiculous” deal flow, and what it takes to keep high-growth companies in Canada.
The COVID pandemic showed that society is capable of dramatic and rapid change when the situation calls for it. In the current social environment, similar action is needed to turn women’s increasing wealth into a foundation for more equitable entrepreneurship, economic growth and innovation, says Maria Pacella, the managing partner at Pender Ventures, in an op-ed.
With the right focus, policies and funding, Canada could be poised to seize a significant part of the ocean economy’s growth as the globe recovers and rebuilds post-pandemic, says Donald Grant, executive director at the Ocean Startup Project.
VC investment in Canada hit its second highest level last year, Canada’s annual Gairdner awards announced, Quebec SMEs benefit from a $9 million e-commerce boost, Ontario invests in autonomous vehicles, and more.
The Toronto-based National Angel Capital Organization (NACO) will establish the first pan-regional digital hub for investors and entrepreneurs in a custom-built space in the new Platform Innovation Centre being built by Platform Calgary in downtown Calgary.