Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit.
Top Stories of the Week
Vancouver-based AbCellera will receive $300 million through the Strategic Innovation Fund to upgrade existing facilities throughout Vancouver and to develop a “state-of-the-art” biotech campus featuring a preclinical antibody-development facility.
Toronto-based BenchSci, which helps pharmaceutical firms accelerate research and development using artificial intelligence, has secured $95 million CAD in Series D funding.
Advance polling for the 2023 Alberta general election has already begun. What’s on the table for the province’s tech sector?
Shopify is making its point-of-sale hardware solution available to Canada as part of its broader product strategy for both online and offline commerce.
Use this BetaKit-supplied 15 percent discount code for your Startupfest tickets so we can see you in Montreal!
With tightening equity markets, low-volume trading, and other macroeconomic factors, Calgary-based cloud service provider mCloud has explored the option of going private to navigate the downturn.
Code For Canada’s Dorothy Eng argues that tech professionals would enjoy the challenge of designing solutions for everyone in Canada, not just those who can afford them.
Niraj Mathur, co-founder of Blumind, discusses his experience building a deep-tech company in Canada and why he feels the semiconductor industry is due for an all-out revolution.
Latest Funding, Acquisitions, and Layoffs
VAN – Cognosys – $2M (read more)
LON – Locorum – $1.2M (read more)
TOR – Spellbook (formerly Rally) – $10.9M (read more)
TOR – Wingmate – $1M (read more)
MTL – Novisto – $27M (read more)
The BetaKit Podcast
“That is a deeply unhealthy way to live and to work and it’s ultimately not a successful way to sustain a publication.”
CANADALAND news editor Jonathan Goldsbie joins to discuss the rampant demise of digital media publications launched in the 2000s and how they compare to the slow death of traditional media. Advice for aspiring young journalists comes mixed with an investigation of the ideal media business model in 2023.
“This announcement communicated two things: this thing we’re getting rid of isn’t primary to our mission—it’s a side quest, we don’t actually care about this; and we have a cultural problem at our company with who we’ve hired and what they’re focused on.”
Madeline Stone, retail and e-commerce writer for Business Insider, joins to discuss the future of Shopify’s “main quest” after cutting staff and selling off its logistics division.
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