Hecate

Canadian clusters team up to drive $30 million in quantum technology commercialization

Two Canadianglobal innovation clustersare joining forces, launching $30 million in new projects to drive the commercialization of quantum technologies. NGenandDIGITALintend to build on Canada’sNational Quantum Strategy (NQS)to deliver industry-led commercial projects. The projects will be designed to use quantum technologies to solve industrial and societal challenges. The projects will focus on three key categories of…

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Almost sideswiped by a Stripe acquisition, Helcim responds with new Smart Terminal

Last week, FinTech and payment startup Helcim unveiled its latest hardware product: a new point-of-sale device called Smart Terminal. The standalone, wireless processor allows small and medium-sized businesses (SMBs) to accept in-person credit and debit payments via tap, chip and PIN, manage inventory, and issue receipts. The Smart Terminal, which comes preloaded with Helcim’s point-of-sale…

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Canadian-led, California-based Joyful Ventures closes $23 million USD to back sustainable protein startups

Joyful Ventures’ Jennifer Stojkovic believes we can help tackle theclimate crisisby changing what’s on our plates. Alongside fellow co-founders and general partners Milo Runkle and Blaine Vess, Canadian-born and raised Stojkovic has launched a California-based venture capital (VC) firm to invest in startups developing more environmentally-friendly alternatives to meat. Joyful has secured a first close…

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Vector Institute, Ontario Centre of Innovation secure combined $77-million provincial funding

The Ontario government is providing a combined $77-million investment into theVector Institute for Artificial Intelligenceand the Ontario Centre of Innovation (OCI) to fund programming that aims to advance the province’s tech sector. OCI is receiving $50 million through the provincial government’s $107-million Critical Technology Initiatives program, which supports non-profit organizations focused on advancing innovation made…

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ApplyBoard co-founder launches Passage to address Canada’s skilled worker shortage with $40-million seed round

After spending seven years helping international students apply to study abroad with Kitchener-Waterloo EdTechunicornApplyBoard, Martin Basiri has set his sights on a new challenge. The ApplyBoard co-founder and former CEO’s new startup,Passage, aims to help fill Canada’s skilled labour gap. Founded this year and armed with $40 million CAD in initial seed funding led by…

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