Read the news and data that companies need to get funding
Ignite Capital helps aspiring Canadian entrepreneurs with limited access to traditional financing by offering them the opportunity to compete for startup capital in order to launch or grow their business. Quick Facts. This year, they will help 12 entrepreneurs elevate their business by providing more than $140k in financial and in-kind supports. Program sponsors include All Canadian[…]
Intelia, a Lanaudière-based company that designs tech solutions for the agriculture industry, has secured an investment from Avrio Capital, Anges Québec members, and Desjardins-Innovatech. Quick Facts. Intelia will use the funds to target the market of agricultural data analytics. Anges Québec is a network of 180 private investors who identify, fund and coach innovative Quebec-based[…]
Toronto-based ecobee has closed on a funding round from the Amazon Alexa Fund, Thomvest and Relay Ventures. Quick Facts. The financing enables ecobee to continue developing connected home technologies, such as smart thermostats. The Alexa Fund—named for Alexa, the cloud-based voice service that powers Amazon Echo and other devices—provides up to $100M in investments to[…]
By Sabrina Nanji Premier Kathleen Wynne will embark on a business trip to Japan and South Korea later this fall. Not for 30 years has an Ontario premier visited South Korea. Ditto Japan, in the last ten years. The trade mission (Nov. 28 to Dec. 2) will strengthen economic ties and attract jobs and investment[…]
Overall Disbursements. Funding from federal and provincial governments reached $253.5M this week, up from $114M last week. Top Sector. Community & Nonprofit is the top sector this week, attracting $81.9M, 32% of total incentives. Top Region. Quebec is the top province this week, securing $79.8M, accounting for 31% of total national disbursements this week. Top 3 Recipients in Ontario The Canadian Nursery Landscape Association receives[…]
Toronto-based PerfectlySoft Inc., the creator of a mobile app development framework for Apple’s open source Swift programming language, has closed a seed funding round of $1.5M with help from York Angel Investors Inc. Quick Facts. PerfectlySoft will use the funds invested by York Angel Investors to advance and scale its server-side architecture in anticipation of Apple’s release of Swift 3.0[…]
The Government of Canada is seeking proposals for projects under the $25M Clean Energy Innovation Program, which will bring clean energy technologies closer to commercialization. Quick Facts. Once commercialized, these clean energy technologies will be available for wide adoption, creating new opportunities for Canadian cleantech solutions that reduce greenhouse gas emissions both domestically and globally. Demonstration[…]
Toronto-based Lendified has secured $20M in debt financing from Liquid Capital Corp. The company aims to be the premier online provider of small business loans in Canada.
MaRS has announced the launch of a new health technology program for Ontario-based innovators, the Innovation Partnership: Procurement by Co-Design program. Quick Facts. The program allows healthcare-service providers to participate in the development of technology tailor-made for them—solutions that address the particular problems they often face—and then procure these solutions. The program will take the form of[…]
Toronto-based Naborly has raised $200k in seed financing. The company lets landlords and property managers know exactly who they’re renting to, before they move in.