Tag: discovery
The Québec-IBM Discovery Accelerator now has its quantum computer
The IBM Quantum System One in Bromont, Québec is the first quantum computer of its type in Canada. The Platform for Digital and Quantum…
Inovia announces $34-million CAD Discovery Fund for early-stage VCs BetaKit
Fund formalizes Inovia’s support for emerging managers as many struggle to fundraise. Montréal-based Inovia Capital has launched its first Discovery Fund, closing $34 million…
After buying Cyclica and Valence, Recursion secures $50 million USD from Nvidia for drug discovery
Recursion, a US-based biotech firm, opened a new Canadian headquarters in Toronto last month. Computing giant Nvidia has invested $50 million USD in Recursion…
MaRS Discovery District launches new program for “high-growth” Canadian companies
The program is backed by existing FedDev funding. Canadian innovation hub MaRS Discovery District has launched a new acceleration program geared towards “high-growth” companies….
Drug discovery startup Congruence Therapeutics closes $20 million CAD extension of Series A
BDC Capital’s Thrive Venture Fund joined to lead the extension. Congruence Therapeutics has secured an additional $20 million CAD ($15 million USD) for its…
University of Alberta spinout DrugBank closes $9 million from Brightspark, Amplitude, Theodorus to fuel drug discovery with its data platform
DrugBank wants to ‘be the shovel’ in a gold rush of new medical innovation. Training machine learning (ML) and artificial intelligence (AI) algorithms requires…