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Toronto-based Fibrocor Therapeutics has raised $2.8M in VC funding from MaRS Innovation. Fibrocor is focused on developing disease-modifying therapeutics in fibrosis.
Toronto-based Tokyo Smoke has raised $3M in Series A funding from Globalive Capital and angel investors Chuck Rifici and W. Brett Wilson. Tokyo Smoke is a modern lifestyle collective and a cultural movement focusing on coffee, clothing and cannabis.
Last week’s federal cabinet shuffle was calibrated to ensure Canada’s political leadership can address the opportunities and challenges posed by the nascent Trump administration. With Team Trudeau, Version 2.0, now in place, next week’s cabinet retreat in Calgary will seek to identify the suite of economic programs and policies that can best de-risk the threat[…]
Kelowna-based SomaLife Consulting has raised $1M in VC funding from SomaLife Ventures and Robson Financial Group. SomaLife Consulting produces various health and wellness products.
Funding for the week of Jan. 9, 2017 under Canadian federal and provincial grants and business incentive programs reached $658.2M, up from $85.7M during the previous week. Top Sector. Community & Nonprofit is the top sector this week, attracting $412.5M, 63% of total incentives. Top Region. New Brunswick is the top province this week, securing $273M, accounting for 41%[…]
By Geoff Zochodne A new job as the minister responsible for small business comes to Jeff Leal amid the rise of Donald Trump and concerns from employers about hydro costs and cap and trade. Jeff Leal already spends plenty of time travelling to Ontario’s small towns, which is one of the job requirements for his[…]
Canadian entrepreneurs have more confidence in the economy and plan to boost business investment by 1.6% this year to $96.6B, according to a new study from the Business Development Bank of Canada (BDC). Quick Facts. 70% of the entrepreneurs surveyed expect increased business revenue in 2017. This is a significant jump from 45% last year.[…]
The Canadian Internet Registration Authority (CIRA) is now accepting funding applications for its Community Investment Program (CIP). Quick Facts. The CIP funds projects that help build a better online Canada. The Program targets its support to four areas: Online services: providing children and youth the Internet-based tools they need to succeed Infrastructure: connecting remote communities[…]
Ottawa-based Clearwater Clinical has raised $6M in Series A funding from Whitecap Venture Partners and BDC Healthcare Venture. Clearwater Clinical Limited designs and manufactures medical-grade devices and surgical equipment.
Quebec City-based Endoceutics has raised $85M in debt financing from CRG LP. Endoceutics is a private pharmaceutical company operating in the field of women’s health and hormone-sensitive cancer prevention and treatment.