2020 Technology Trends Shift Due to COVID-19: Part 2 – Data Analytics & Security
Due to the unprecedented global pandemic which significantly affected all industries, companies needed to develop innovative solutions in order to adapt and survive. In this five-part series, we examine how the top technology trends forecasted for 2020 have shifted in the fight against COVID-19 to help the world adapt to the new normal. Previously, we […]
2020 Technology Trends Shift Due to COVID-19: Part 1 Connectivity
Continuous developments in technology fuel significant improvements in our quality of life and spur economic growth. The tech sector plays a major and vital economic role, particularly in Canada, where the ICT sector contributed to 4.5% of the total GDP in 2018 with 652,450 ICT sector employees across the country. Companies leverage technology to increase […]
Potential extension of IRAP IAP as concerns grow over lull in private financing for start-ups
Government investment in early-stage companies is of particular importance at a time when there is a growing concern that many Canadian startups that rely on angel investors may be losing access to funding due to global uncertainty and border restrictions. In a recent article by The Record, reporter James Jackson noted that “Angel groups across […]
CEWS Program Extended
As a result of COVID-19, many Canadian employers have seen significant drops in revenue in recent months. Following the initial fallout of the global pandemic, the federal government responded by establishing Canada’s COVID-19 Economic Response Plan to insulate Canadian citizens from the negative economic effects plaguing many industries and sectors. Part of that plan entails […]
New Intellectual Property Action Plan Aimed at Promoting Canadian Growth
In turbulent times like these, funding is more important than ever to ensure that your business has the means to continue innovating while maintaining its order of operations. Intellectual property (IP) is a valuable intangible asset that can be leveraged to reduce the risk of investment and extend a company’s runway. In recognition of this, […]
Waterloo Region Scale-ups receive nearly $30M in Federal Investment
On July 29, 2020, Minister Mélanie Joly announced an investment of nearly $30M by FedDev Ontario for Waterloo Region based scale-ups in the fields of advanced manufacturing, medical technology, information and communications technology and video communications. The announcement was made as part of Minister Joly’s visit with Waterloo Region’s tech community to discuss current challenges […]
NorthSpring Capital Portfolio Company Announces IPO
We would like to extend a warm congratulations to our affiliate company, NorthSpring Capital Partners, on their first portfolio company, Perimeter Medical Imaging, going public. Perimeter Medical Imaging AI (PMI), a Toronto-based Medical Imaging and AI company with operation in the U.S., announced its stock exchange listing on June 29th, 2020, after closing of oversubscribed […]
Mitacs: COVID-19 Resources for Research
Mitacs has boosted support for Canadian innovations in the fight against COVID-19 including expanded and fast-tracked funding as well as added flexibility and support. Mitacs is a federally and provincially supported not-for-profit organization that fosters Canadian innovation through industry-academic collaborations and has funded over 16,000 research and innovation projects with. Funding expanded and fast-tracked In […]
Funding for Canadian Tech Companies Impacted by COVID-19
Under the current global and economic conditions, leveraging multiple government funding sources is critical for business survival. Various federal and provincial programs can be combined or “stacked” to maximize funding, as long as costs are separated and the criteria for each program are being met. In addition, Canadian technology companies that are developing innovative solutions […]
New COVID-19 Funding to Mobilize Canadian Businesses
On April 17, 2020, Prime Minister Justin Trudeau had announced an additional $250M in funding support through the National Research Council of Canada’s Industrial Research Assistance Program (NRC-IRAP) to assist innovative, early-stage companies that are unable to access existing COVID-19 business support measures. In addition, $20.1M in funding was announced to support young Canadian entrepreneurs […]