Read the news and data that companies need to get funding
Toronto-based Propellon Therapeutics has closed $3M in ssed funding in a round led by Fight Against Cancer Innovation Trust with participation from angel investors Dan Schultz, Jed McCaleb and Rami Essaid. Propellon Therapeutics is developing and commercializing novel cancer therapies targeting the WDR5 protein.
Budget 2017 | Trudeau government turns the nozzle on business incentives from a spray to a high-powered stream
Budget 2017 ushered in a bold new era for federal business incentives in Canada. The “Morneau Budget” signals a clear break from the “dabbling” era of funding for everyone and everything, that has grown up in a rather helter-skelter way over decades of add-ons. Instead, the Minister of Finance laid out a disciplined, well-defined, coherent[…]
Funding for the week of March 13, 2017 under Canadian federal and provincial grants and business incentive programs reached $808.4M, up from $560.3M during the previous week. Top Sector. Community & Nonprofit is the top sector this week, attracting $513.6M, 64% of total incentives. Top Region. BC is the top province this week, securing $454.2k, accounting for 56% of total[…]
The chairman of Apple’s top manufacturer, Foxconn, says that the United States Government should offer it incentives to open factories in their country, according to recent reports from Business Insider and Nikkei. Foxconn has recently been rumoured to have plans to build a $7B flat-panel screen factory in the United States. However, that plan may[…]
The Government of Alberta released its 2017 Budget last week and included more than $715M in new measures to help stimulate the local economy. Budget Breakdown Highlights. $500M in royalty credits through the Petrochemicals Diversification Program to encourage investment in facilities to upgrade methane and propane to higher-value products, such as propylene and polypropylene. $71M[…]
Cleantech companies in B.C. will soon benefit from $40M in new funding from the federal government and the Government of B.C. Quick Facts. The funding will support clean energy projects at the pre-commercialization stage. Companies with innovative projects at the prototype, field testing and demonstration stages are eligible. Interested parties will be able to submit their[…]
By Jessica Smith Cross Premier Kathleen Wynne said Tuesday her government knows hospitals need more money and is particularly “cognizant” of that in this prebudget time. In recent days, both opposition parties have been highlighting the fact that the Liberals’ recently released hydro relief plan doesn’t give hospitals the 25 per cent off their bills[…]
Ottawa-based FarmLead has raised $6.5M in Series A funding from Avrio Capital, MaRS IAF, Monsanto Growth Ventures and Serra Ventures. FarmLead is a North American grain marketplace.
Montreal-based Reflex Photonics has raised $3.5M in venture capital funding from the Fonds de solidarité FTQ and Gestion AD. Reflex Photonics provides high-speed light-on-board connectivity solutions for broad-based digital data transfer applications.
Vancouver-based Visier has raised $45M in Series D funding in a round led by Sorenson Capital with participation from Adams Street Partners, Foundation Capital, and Summit Partners. Visier is a cloud-based analytics platform enabling HR professionals to answer critical workforce strategy questions.