Tag: govt
Federal government punts creation of Canada Innovation Corporation to 2026
Long-awaited SR&ED review to start in January. The federal government has announced it will delay plans to fully implement the Canada Innovation Corporation (CIC)…
Innovate BC, NRC IRAP invest $2 million into 13 BC cleantech companies
BC Fast Pilot program has invested $9.9 million into 75 projects to date. Thirteen cleantech companies based in British Columbia have received a combined…
Diagram Ventures announces new $60-million VC fund to build and back early-stage cleantech startups
The ClimateTech Fund is co-anchored by Québec and Sagard. Montréal-based venture builder and investor Diagram Ventures has launched a ClimateTech Fund, securing nearly $50…
Two years after Graphite Ventures spinout, MaRS IAF is ready to invest again
Since its launch in 2008, the Toronto-based MaRS Investment Accelerator Fund (IAF) has grown into one of the country’s most active early-stage venture capital…
Federal Fall Economic Statement promises to expand Payments Canada eligibility, introduce open banking legislation in 2024
Canada commits to “consumer-driven finance” and more powers for the Competition Bureau. While light on new funding for the country’s innovation economy, the federal…
Federal government commits $4.8M to Knowledge Hub, NACO through WES
The funding is aimed to create educational resources that support women entrepreneurs, investors. The federal government has made $4.8 million in new commitments to…
Boosted by $6.8 million in government funding, Volta unveils its new space
Volta chose to scale back its physical premises earlier this year to focus on hybrid startup support. Atlantic Canada innovation hub Volta has officially…
FinTech leaders urge Liberals to enact much-delayed open banking rules
Open letter comes on the heels of Conservative bill pressuring federal action on open banking. A coalition of Canadian tech leaders have penned a…
BDC’s Thrive Lab announces 25 co-investment partners
$35 million envelope will target women-led businesses aligned with United Nations Sustainable Development Goals. The Business Development Bank of Canada’s (BDC) Thrive Lab is…
Tax Court disqualifies government loan spending from SR&ED, with potentially devastating implications for Canadian tech
Recent ruling means startups can no longer “double dip” in government assistance. Canadian organizations that collect Scientific Research and Experimental Development (SR&ED) incentives may…