DMZ receives $500,000 grant to expand Basecamp program for student entrepreneurs

DMZ has received $500,000 CAD from the Embark Student Foundation’s Major Grant Program to expand its student-focused entrepreneurship programming. The Toronto-based incubator specifically plans to expand Basecamp, its hybrid summer entrepreneurship program that helps students turn their ideas into tech solutions for social or economic challenges. Basecamp will now be offered in two phases: “Sprint” […]

Well Health acquires 10 primary care medical clinics from Shoppers Drug Mart

Vancouver-based digital healthcare company Well Health Technologies has acquired 10 primary-care medical clinics across British Columbia (BC) and Ontario from Loblaw-owned Shoppers Drug Mart.   The deal, made through its subsidiary the Well Health Clinic Network, will see Well Health acquire all primary care medical clinics operated by Shoppers Drug Mart under The Health Clinic by […]

Eocycle Technologies secures $25 million CAD to expand wind turbines in US, Europe

Montréal-based cleantech company Eocycle Technologies has closed $25 million CAD in Series A funding as it looks to expand its distributed wind turbines in the United States and Europe. The deal closed earlier this month and was led by Export Development Canada (EDC), which contributed a $10-million equity investment. The round saw additional participation from […]

What Alberta Innovates learned from sending 50 local startups to SXSW

Among the over 250,000 attendees drawn to South by Southwest (SXSW) each year, aspirations vary widely. As one of the world’s largest tech conferences, SXSW offers a key opportunity for startups, investors, and tech enthusiasts from all over the world to connect, learn, and close deals over eight days of tech-focused programming in Austin, Texas. […]

A|I: The AI Times – The feds have used AI in nearly 300 projects

The AI Times is a weekly newsletter covering the biggest AI, machine learning, big data, and automation news from around the globe. If you want to read A|I before anyone else, make sure to subscribe using this form. Ottawa has used AI in nearly 300 projects and initiatives: research Canada’s federal government has used artificial […]

What’s in #Budget2024 for Canadian tech?

Today, the Government of Canada publishes its 2024 budget. Analysts do not expect #Budget2024 to be heavy on new spending commitments, with interest rates remaining steady and significant spending having already been announced in recent weeks for housing. Housing commitments and last week’s announcement of $2.4 billion to AI startups, compute, and safety, together already […]

Shein’s Canadian delivery partner UniUni secures nearly $70 million CAD

Richmond, British Columbia-based last-mile delivery startup UniUni, which primarily serves e-commerce giants Shein and Temu, has secured $50 million USD ($69 million CAD) in Series C financing.  The round was led by venture capital (VC) firm DCM and will be used to develop the proprietary tech stack powering UniUni’s logistics platform and to expand its […]

Untether AI to collaborate with semiconductor giant Arm on smart vehicle solutions

Toronto-based artificial intelligence (AI) semiconductor startup Untether AI has announced a partnership with Arm that will see the two implement their semiconductor technology into software-defined vehicle (SDV) solutions.  The partnership will see Untether’s inference acceleration technology, which helps AI chips run more efficiently, implemented alongside Arm’s own vehicle-focused technology for SDVs.  An SDV is a […]