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Posted in: News | StartupSource Categories

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A “Trump Dividend” for Canadian Tech? May 11, 2017 We’ve written in this space about the potential implications of a Trump presidency for Canada’s startup ecosystem. With Trump’s first 100 days in the rear-view mirror, a recent New York Times article reviews some of those implications and forecasts a “Trump Dividend” for Canadian artificial intel...

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Google Invests in Canadian Artificial Intelligence Talent Apr 05, 2017 Last week, Google announced the opening of a new artificial intelligence lab in Toronto. Concurrently, it announced an investment into the Vector Institute, a public-private institute affiliated with the University of Toronto whose goal is to develop and commercialize both AI talent and new conce...

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2017 Federal Budget Supports Innovation Economy Mar 28, 2017 On March 22nd, the Canadian government unveiled its national budget for 2017. Billed as the "innovation budget," the budget is part of the federal government's Innovation and Skills Plan, a strategy for supporting startups and growth companies across the nation's manufacturing, agri-food, cleante...

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Global Skills Strategy Launches in June Mar 14, 2017 StartupSource has covered the Government of Canada's Global Skills Strategy in this space. The Global Skills Strategy is an initiative designed to help high-growth Canadian companies attract specialized global talent by providing a faster and more predictable streamlined service.The Government ha...

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New Canadian Business Growth Fund Mar 10, 2017 Startups and growth companies have a new ally in the push for long-term success: the recently-announced Canadian Business Growth Fund. The fund's mandate is to make investments in small and medium-sized Canadian companies "seeking long-term, patient minority capital."Initial participants include ...

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Harsh Words for Canadian Tax Treatment of Stock Options Feb 10, 2017 The Globe and Mail recently published a provocative article on the tax treatment of stock options in Canada. In this opinion piece, Anthony Mouchantaf, the co-founder and president of Toronto startup Rthm Technologies Inc., argues that Canada's tax regime for stock options is outdated and works a...

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Incubating Canada's Next Fashion Leaders Feb 07, 2017 From being an active participant in Startup Fashion Week, we have gotten to know many of Ontario's fashion innovators. We are consistently blown away by the breadth of their talent and creativity.The Joe Fresh Centre for Fashion Innovation at Ryerson University's Fashion Zone is now accepting app...

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An Open Letter from Canadian Tech Jan 31, 2017 In response to recent world events, over 2,000 members of the Canadian tech community - and counting - have published an open letter voicing support for more inclusive immigration policies. Its signatories "stand directly opposed to any and all laws that undermine or attack inclusion, and call on...

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York Entrepreneurship Development Institute Taking Applications Jan 24, 2017 The York Entrepreneurship Development Institute ("YEDI"), an incubator and accelerator associated with York University, is now taking applications from early-stage startups for its four-month program. YEDI offers a number of program streams for various types of startups, including an "Internation...

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Cybersecurity - Ontario's Next Big Startup Cluster? Jan 19, 2017 A recent report from Deloitte, commissioned by the Ontario Centres of Excellence (OCE) and the Toronto Financial Services Alliance (TFSA), suggests that Southern Ontario is perfectly positioned to become a global hub for cybersecurity startups.The current market for cybersecurity products is esti...

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British Regulator Launches "Innovation Link" to Advise New Entrants and Startups Dec 28, 2016 In early December 2016, the United Kingdom's Office of Gas and Electricity Markets (OFGEM) announced the launch of its "Innovation Link." This is described as "a 'one stop shop' offering support on energy regulation to businesses looking to introduce innovative or significantly different proposit...

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Canadian Government Refining its Global Skills Strategy Dec 23, 2016 We've recently written about the importance of Canada's mobility policy to the pace of innovation and the competitiveness of the startup sector.An important new plank in this policy is the Global Skills Strategy. This initiative will: Establish an ambitious two-week standard for processing visas ...

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Snapchat Files for $25 Billion IPO Nov 16, 2016 Snap Inc., formerly known as Snapchat, is making headlines: the makers of the well-known messaging app have reportedly made a confidential filing for an initial public offering. The IPO, which could come as soon as March, could be valued as high as US$25 billion. This valuation would qualify it a...

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Ten Tips for Canadians in Silicon Valley Nov 15, 2016 What's better, cold emails or "lukewarm intros"? Should you put a suit on for Silicon Valley? Can you grow your business by staying in "hacker houses" instead of hotels, or use UberPool as a networking tool? And what, exactly, is the "Digital Moose Lounge"?Rachel Craig, CEO and co-founder of Moti...

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What Makes Israel's Startup Culture So Competitive? Nov 09, 2016 During a press conference at Wealthsimple's headquarters in Toronto, Mayor John Tory announced that a convoy of government officials and tech sector luminaries will be heading to Israel from November 12 - 17 for a week-long trade mission.In addition to Mayor Tory, Montreal mayor Dennis Coderre, O...

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"Dear Microsoft..." Nov 03, 2016 We've covered Slack before. As most tech startups are likely aware, it is a market-leading workplace communication platform.Yesterday, Microsoft launched "Microsoft Teams," an addition to their Office package that provides a very similar service.  That same morning, Slack purchased a full-page ad...

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Further Support for Innovation from the Ontario Securities Commission Oct 31, 2016 Last week, we covered the Ontario Securities Commission's announcement of the OSC LaunchPad initiative, a new resource designed to help FinTech startups and growth companies navigate securities regulation and accelerate their path to market.This isn't the only way that the OSC has shown its suppo...

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Ontario Securities Commission Launches Resource for FinTech Companies Oct 27, 2016 Emerging FinTech companies like Lending Loop often face hurdles with securities regulators, particularly if their business models involve lending or investment platforms. Navigating the securities regulation landscape can be daunting, particularly for early-stage companies.With this in mind, the ...

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The "Geography of Innovation" Shifts to Canada's Cities Sep 23, 2016 Big news this week for Southern Ontario's startup scene: the New York Times referred to the Waterloo corridor as "Canada's Silicon Valley" in a DealBook article about how Canada is becoming increasingly attractive for American businesses due to its pool of relatively affordable talent and its wea...

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Toronto Pitches Slack; Slack Opens Toronto Office Sep 15, 2016 At the TechCrunch Disrupt conference, workplace communication company Slack announced the opening of their newest office in downtown Toronto. The expansion will create an estimated 145 new jobs in tech, support and operations.Slack is one of the Bay Area's most notable tech companies, valued at o...

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Canada Invests in Leading-Edge Research Infrastructure Sep 13, 2016 As many of the founders we talk to tell us, a key differentiating factor of Canada's economy is the country's remarkable postsecondary system, which provides entrepreneurs with a continuous pipeline of new research and great talent. A massive new research investment by the Government of Canada an...

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Alberta Securities Commission Announces New Support for Startups Aug 25, 2016 In an exciting development for Alberta-based startups and small businesses, the Alberta Securities Commission has adopted a new rule - Prospectus Exemptions for Start-up Businesses (ASC Rule 45-517). The rule is designed to streamline small, local investment rounds for startups and high-growth co...

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Ecobee Raises $35 Million Funding Round Aug 22, 2016 In another Toronto startup success story, Internet of Things retailer Ecobee recently closed a $35 million funding round. Lead investors include Amazon, Thomvest and Relay Ventures. The investment will support the development of the Ecobee3 smart thermostat, a Wi-Fi-enabled device with remote sen...

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Angels Increasing Investments in Canada Jul 18, 2016 The National Angel Capital Organization (NACO) released the sixth annual Report on Canadian Angel Investing Activity on July 13, 2016. The report outlined that 2015 was the third consecutive year of substantially-increased angel investment activity in Canada. It attributed much of last year's gro...
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