The Federal Economic Development Agency for Southern Ontario (FedDev) put up $4.85 million into young startups, in order to leverage an additional $15.2 million from venture capital and angel investment groups. The companies to receive funding are as follows: Trillium… Read more »
New High-Tech CO2 Absorption System to Reduce Greenhouse Gases
With the help of the Ontario government, Pond Biofuels is piloting a new CO2 absorption system at St. Marys Cement. The new system will reduce greenhouse gases by absorbing dirty smokestack emissions, and grow algae which can be used in… Read more »
North Innovation Fund launched to support Canada’s Knowledge-Based Industries
Waterloo and Toronto, February 15, 2012 – North Innovation Fund (NIF), a privately-held alternative financing firm providing ongoing SR&ED accrual loans to early stage Canadian companies in a variety of technology-based sectors, today announced the launch of its first Fund.… Read more »
Venture Capital Fundraising Concerns in Canada
According to 2011 year-end figures from the Canadian Venture Capital and Private Equity Association, a four-year high of $1.5 billion from VC was disbursed to Canadian startups last year. Although this was the highest level since 2008, this was far… Read more »
2012 Alberta Budget- SR&ED Tax Credit Enhanced
The Alberta Scientific Research and Experimental Development (SR&ED) program provides a tax credit to Alberta corporations for eligible expenditures incurred after December 31, 2008. The credit is worth 10% of a company’s eligible SR&ED expenditures in Alberta up to a… Read more »
Steven Harper on Possibility of Canada-China Free Trade Agreement
There has been quite a bit of buzz recently about the possibility of shipping Canada’s western oil to China. Could this opportunity pave the way for a future Canada-China free trade agreement? According to a recent interview with CBC Radio’s… Read more »
Exciting Times to be a Canadian Entrepreneur
With Propel ICT in New Brunswick announcing their first startup cohort of 11 startup companies, and the accelerator program launches of FounderFuel in Montreal, and GrowLab in Vancouver in the past year, entrepreneurship is at an all-time high across Canada.… Read more »
Entrepreneurial Financing in Atlantic Canada Expanding Rapidly
According to the Globe and Mail, Atlantic Canada has immense entrepreneurial opportunities and has shown recent growth in entrepreneurial financing. Halifax alone has more than 1,200 financial services firms with 14,000 employees. Atlantic Canada has a huge advantage in shipments to… Read more »
Canada Leads G8 in Population Growth
According to the latest Canadian census results by Statistics Canada, Canada has shown strong and steady growth in every part of Canada and has reached a total population of 33.5 million. An open approach to immigration is the major contributor… Read more »