Top 50 Universities for VC-Backed Entrepreneurs

Fri, 29 Aug 2014 00:00:00 GMT
Many argue the value of a college education for aspiring entrepreneurs. The fact that some of history’s most successful startups – IBM, Apple, Facebook – were all founded by college dropouts is enough to spark that debate. But a new list from PitchBook shows that a college education isn’t always a hindrance to launching a high-growth company, especially if you attend Stanford University. The California-based private college has once again topped PitchBook’s Top Universities for VC-backed Entrepreneurs. The research firm reviewed its venture-capital database of more than 13,000 founders and ranked each school by the number of graduates who went on to launch venture-backed companies over five years ending August 2014. It also calculated the total number of startups founded by a college’s alumni and total capital raised from each institution. Read Article

SickKids creates app for dosing pain medication in children

Fri, 29 Aug 2014 00:00:00 GMT
Medication is the most common pain management tool that health care professionals use to help patients through their treatment and recovery. For adults the dose is often standard, but for children, a safe and effective dose of medicine depends on several factors including the weight and age of the child. In efforts to improve paediatric pain management, The Hospital for Sick Children (SickKids) created a medical app called PediPain, that focuses on the medications used to manage pain in children. Read Article

Canada’s economy expands at fastest rate in more than two years

Fri, 29 Aug 2014 00:00:00 GMT
Canada’s economy accelerated at its fastest pace in more than two years in the second quarter, fresh evidence the country could be emerging from a period of uninspiring growth. Gross domestic product expanded at an annual rate of 3.1 per cent in the second quarter, led by exports and household spending, Statistics Canada reported Friday. GDP grew 0.3 per cent in June from May, Statscan said. Read Article

The boom times are back on Bay Street

Fri, 29 Aug 2014 00:00:00 GMT
No one on Bay Street is allowed to gripe anymore. Hot markets are making for big profits. The country’s biggest banks reported third-quarter earnings over the past week, and in many cases, their capital markets arms posted blockbuster earnings. Read Article

Toronto’s ‘Manhattanization’: Downtown development growing at ‘mind blowing’ rate

Thu, 28 Aug 2014 00:00:00 GMT
For more evidence of the astounding pace of growth in Toronto, one need look no further than the past two days of city council, which approved 18 new buildings in the downtown, including three office towers. The development bonanza works out to 755 additional storeys, or 6,887 units — more fuel for the “Manhattanization” of Canada’s largest city. Chief planner Jennifer Keesmaat called the amount of work her department has processed “mind blowing” and “astronomical,” noting that it comes in addition to the 70,000 units already approved and in the pipeline to be constructed across the city. Read Article

No ‘dead money’? Corporate Canada spending is growing with the economy, think tank says

Thu, 28 Aug 2014 00:00:00 GMT
“Contrary to popular opinion, business sector investment Canada-wide is growing at roughly the same pace as the economy,” the C.D. Howe Institute said Wednesday. “Indeed, nationally, the investment share of output is just above its 30-year average, as is typical of an economic recovery period,” the report said. “In recent years, moreover, capital spending has been the strongest in the energy and mining sectors — wherein cash holdings had grown the most.” Read Article

SDTC Looking for Canada's Next Cleantech Innovators

Thu, 28 Aug 2014 00:00:00 GMT
Government of Canada and Sustainable Development Technology Canada (SDTC)- On behalf of the Government of Canada, SDTC is looking for the next wave of innovative cleantech entrepreneurs. The SD Tech Fund™ and the SD Natural Gas Fund™ are open for applications from August 27 to October 15, 2014. Through the SD Tech Fund™, SDTC supports technologies that address the challenges of Clean Air, Soil, Water and Climate Change. Read Article

Canadians' science literacy ranks 1st among 35 countries

Thu, 28 Aug 2014 00:00:00 GMT
A new report, Science Culture: Where Canada Stands, released today by the Canadian Council of Academies found that 42 per cent of Canadians have a basic level of scientific literacy necessary to understand media reports about science, putting Canada first among 35 countries with similar available data. The council is an independent non-profit group that puts together expert panels to conduct assessments for the federal government on a wide range of public policy issues ranging from policing to wind turbine noise. Read Article

Ontario, B.C. teaming up to rally support for Chinese yuan trading hub in Canada

Thu, 28 Aug 2014 00:00:00 GMT
A push to create a yuan trading hub in Canada is gaining momentum as countries around the world race to boost their share of trading in Chinese currency, which has grown dramatically along with China’s economy. The Toronto Financial Services Alliance, a group made up of some of Canada’s largest banks and financial institutions, and a British Columbia business organization called AdvantageBC, announced on Wednesday that they have joined forces to promote Canada as a centre for yuan trading. Read Article

City of Toronto announces full program for Scotiabank Nuit Blanche 2014

Wed, 27 Aug 2014 00:00:00 GMT
The City of Toronto today released the complete artistic program for the ninth edition of Scotiabank Nuit Blanche, which will take place Saturday, October 4 from 6:53 p.m. until sunrise on Sunday. This year's lineup features more than 120 art projects created by nearly 400 local, national and international artists who will transform the streets of Toronto for one magical night. Details for the full program are available at http://www.scotiabanknuitblanche.ca and a Backgrounder highlighting some details about the City-produced exhibitions is included with this news release. Read Article

Technology Resurgence on Canadian Public Markets Gives Companies New Funding Options

Wed, 27 Aug 2014 00:00:00 GMT
After an uncertain first decade of the 21st century, Canadian technology companies have been mounting a comeback on Canada’s leading public equities markets, Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV). The performance of the innovation sector – comprised of the technology, clean technology, renewable energy, and life sciences sectors – on the two exchanges has thrust it back into a well-deserved spotlight and is giving companies (and their backers) new options for raising capital. Read Article

Canada seeks to become Renminbi (RMB) trading centre for the Americas

Wed, 27 Aug 2014 00:00:00 GMT
The Toronto Financial Services Alliance (TFSA) and AdvantageBC today announced they would work together, with officials from the federal, Ontario and BC governments, and the financial industry, to promote Canada as a trading hub for the Chinese currency, the Renminbi (RMB). In a joint statement Colin Hansen, President and CEO of AdvantageBC, and Janet Ecker, President and CEO of the Toronto Financial Services Alliance, said: "Canada has many advantages to offer China as a partner in their efforts to encourage the internationalization of the RMB, and as we seek to expand our business and trading relationships with them. Canada's time zones, its well-developed financial infrastructure, capital markets and risk management expertise, the strong and growing economic relationship between the two countries, and a growing Chinese population in both Toronto and Vancouver provide many reasons for China to consider partnering with Canada and its financial and business community." Read Article

Growing corporate profits an encouraging sign for Canada’s economy

Wed, 27 Aug 2014 00:00:00 GMT
Canadian companies saw their profits continue to mount in the first half of 2014, a signal they are beginning to benefit from signs of improving domestic and global economies. After struggling to maintain meager growth throughout 2013, earnings increased by 3.8% in the first quarter of this year and by a slower, but still steady, 2.6% between April and June. Statistics Canada said Tuesday that profits rose in 13 of the 22 industries tracked by the federal data agency, with most of the improvement coming in the financial sector — notching up a gain of 8.8%. Read Article

Technology that reads a customer’s mind

Wed, 27 Aug 2014 00:00:00 GMT
To bank customers, it’s that little box on a website where you ask a question and get an automated answer. To IntelliResponse, it’s a mind-reading device. The Toronto-based technology company makes those little boxes. Its system can also be used for answering verbal questions. This alone – the ability for an automated system to grasp complicated billing questions in plain English – seemed miraculous just 10 years ago, back in Neanderthal times when FAQ pages were the height of customer service. But IntelliResponse’s chief executive officer David Lloyd has now helped push the technology even further into mind-reading territory. Read Article

How to get a much-needed health care product to market

Wed, 27 Aug 2014 00:00:00 GMT
A Toronto-based startup has invented a novel solution for a major problem faced by hospitals: health care acquired infections, or HAIs. The challenge will be in persuading the health care industry to consider it’s product in the lengthy procurement process. Representatives from the company demonstrated Aereus Technologies’s proprietary Aereus Shield — a copper-based antimicrobial spray that can be applied to virtually any surface — at the Infection Prevention and Control Convention in Halifax this past May. People would sit in a chair and rest their bare arms on the Aereus-coated arm rests, and testing showed almost no bacterial colonies present. The coating will work for many years as long as surfaces are well maintained. Read Article

Why more U.S. companies will flee to Canada

Tue, 26 Aug 2014 00:00:00 GMT
While members of Congress spent the last decade lobbing cow pies at each other, their counterparts in Canada were accomplishing what Washington should have been doing: streamlining the nation’s tax structure to attract more companies. It worked. Burger King (BKW), based in Miami, hopes to acquire the Tim Horton’s (THI) chain, based in Oakville, Ontario, and relocate the headquarters of the combined company to Canada. The so-called tax inversion that would be part of this deal would give the new firm a sizable tax break, on account of the lower rates in Canada. With many nations lowering their corporate tax rates in recent years, the U.S. rate of 35% is now the highest among developed countries. The federal rate in Canada is a scant 15%. Read Article

Canada is a great place to start a small business

Tue, 26 Aug 2014 00:00:00 GMT
According to a recent report from the Financial Post, the small and medium-sized businesses in Canada are currently receiving much healthier financing, on average, than are their counterparts in the U.S. In fact, some are going so far as to say that Canadians completely avoided the “crush” of the recession that has been crippling businesses and the economy in other countries for more than five years now. “On the lending side, Canada is doing quite well – loans for small businesses continue to grow and it avoided the crunch that was so clear in other countries,” said Lucia Cusmano, senior economist at the Organization for Economic Co-operation and Development, recently explained to the news outlet. Read Article

How Ontario Won the War on Coal

Tue, 26 Aug 2014 00:00:00 GMT
Canadians aren’t known for boastfulness. Recently, though, the government of Ontario couldn’t help beating its chest a little. In April, eight months ahead of a schedule plotted 11 years ago, Ontario’s energy ministry announced the closing of the Thunder Bay coal-generating plant, on the shores of Lake Superior. “The Thunder Bay Generating Station, Ontario's last remaining coal-fired facility, has burned its last supply of coal,” Ontario’s energy ministry stated. The action, it noted, ensured that Ontario, which 10 years ago relied on coal for 25 percent of its electricity, “is now the first jurisdiction in North America to fully eliminate coal as a source of electricity generation.” Read Article