The Canadian Province Ontario Leads for North American Foreign Direct Investment

Fri, 21 Nov 2014 00:00:00 GMT
Ontario, Canada, ranked number one for greenfield capital investment in North America during 2013. The results were part of a report by FDI Intelligence, the research division of the Financial Times of London. The province attracted USD 7.2 billion in investment, finishing ahead of Texas and California - places with much larger populations. Ontario's diverse and robust economy enabled the province to weather the global recession better than its peers and then rebound much stronger as global markets recovered. Since the recessionary low of mid-2009, job creation in Ontario has been stronger than in most developed economies including the US, the average of OECD countries, and the rest of Canada. Read Article

Canada's food safety system ranked world's best

Fri, 21 Nov 2014 00:00:00 GMT
Canada's food safety system was ranked the best in the world, in a report released today by the Conference Board of Canada in collaboration with the University of Guelph's Food Institute. Canada's food safety system tied for first place with Ireland in a comparison of 17 Organization for Economic Co-operation and Development (OECD) countries. This superior ranking highlights our success in a number of areas such as our capacity to respond to food safety emergencies, as well as food safety communication to stakeholders and the public. The report also found that public trust in food safety was the highest in Canada. Read Article

Ontario students among best in computer literacy, study shows

Fri, 21 Nov 2014 00:00:00 GMT
A new international test shows Ontario students are among the most computer literate even though the province's schools generally put less priority on facilitating the use of technology than other participating countries. The International Computer and Information Literacy Study was administered last year to some 60,000 Grade 8 students in 20 countries. The study looks at students' ability to collect, manage, produce and exchange information using a computer, as well as teachers' and principals' attitude and confidence regarding technology in the school setting. Read Article

Golden Venture Partners Launches $40 Million Startup Investment Fund

Fri, 21 Nov 2014 00:00:00 GMT
$40 million is up for grabs among Canadian startups. Golden Ventures Partners this week announced their second fund, GVP II, valued at $40 million. GVP, which invested in the last three Wattpad rounds as well as in Guardly and Top Hat Monocle, says the larger second fund will allow for an expansion of the team. GVP's initial fund invested 18 startups across North America over 3.5 years, including Apptentive, Navdy, and Snowball. The investment firm says its second round was oversubscribed but chose to cap it at $40 million to "remain squarely in the micro-VC market category" where it believes it can "add the most value." Read Article

Harper Government Recognizes Canadian Research and Innovation Successes

Thu, 20 Nov 2014 00:00:00 GMT
The Honourable Ed Holder, Minister of State (Science and Technology), celebrated outstanding research and innovation achievements at the fourth annual Mitacs Awards Reception last night. The ceremony honoured top graduate and postgraduate students as well as industry partners participating in Mitacs programs. In his address, the Minister of State highlighted Canada's approach to research and innovation, which focuses on developing talent, knowledge and industrial-academic partnerships. Growing a national research base is a pillar of Canada's science and technology strategy. The government considers it essential for attracting and retaining the next generation of researchers and innovators and providing the country with a competitive advantage in the global knowledge economy. Read Article

Two key factors to consider when scaling your company

Thu, 20 Nov 2014 00:00:00 GMT
The C100 recently held its annual Accelerate Toronto event. These events, which take place across the country, celebrate and showcase technology entrepreneurship and innovation. This year’s theme was about scaling from anywhere, and as co-chair of the C100, I’ve had firsthand exposure to what it takes to successfully grow a technology company. Read Article

Vive Crop Protection unveils its new manufacturing plant

Thu, 20 Nov 2014 00:00:00 GMT
Vive Crop Protection, Inc. is pleased to announce the opening of its new manufacturing plant to enable commercial production of its advanced product formulations. These technologies leverage Vive's patented Allosperse® delivery system, providing enhanced agronomic performance and new application opportunities for farmers. "This plant is the result of the dedicated effort of all our employees and the support of our partners. Completion of our manufacturing plant is a momentous milestone that significantly accelerates our company's growth," said Vive CEO Keith Thomas. "Vive's innovative employees are rapidly developing a strong pipeline of effective crop protection products for our partners and growers." Read Article

Canadian came home when digital marketing grew up

Wed, 19 Nov 2014 00:00:00 GMT
In 2011, Mr. Aitken returned to Toronto to establish the Exchange Lab Canada Inc., the North American headquarters for his current venture, the Exchange Lab, a private company based in London, which helps marketers plan and execute their digital advertising campaigns through proprietary technologies. “The Canadian digital media market is growing up in a big way,” Mr. Aitken says. “There’s an opportunity to do technology development in Canada, and we’re taking the bull by the horns on that.” And Toronto is a good location for mid-market companies in this sector, according to Mr. Aitken and others in the field. Read Article

Kensington Launches $160 million VC Fund

Wed, 19 Nov 2014 00:00:00 GMT
A new injection of cash has piled itself into Canada as Kensington Capital Partners (Kensington) announced the launch of the “Kensington Venture Fund” with an initial closing of $160 million, and a goal to reach $300 million. This is the next step in the Government of Canada’s Venture Capital Action Plan (VCAP) and this fund of funds (FoFs) will specifically invest in technology, cleantech, IT, telecommunications, and digital media sectors. “Canada needs a robust venture capital ecosystem that helps increase private sector investments in start-ups across Canada,” said Hon. Joe Oliver, Minister of Finance. “We all want the next global leaders – and the jobs that will come with them – to be founded here in Canada. That is why the establishment of the Kensington Venture Fund is so important.” Read Article

Latest Canadian stats reveal $5.8B in government funding and $900M in venture capital investments in first half of 2014

Tue, 18 Nov 2014 00:00:00 GMT
A new report by The Funding Portal reveals new data on the amount of funding Canadian startups have received. The stats show that there was $5.86B in government funding and $897M in venture capital distributed in first half of 2014, which is on target to grow by about 4% over 2013 statistics. The data was compiled from a number of different sources through over 4,500 programs across Canada. Organizations in Ontario showed to attract the highest amount of government funding within the first 6-month of 2014, with a total of $2.59B and representing 44% of the total amount disbursed. Quebec was second with $1.03B (18%), followed by Alberta $526M (9%), and British Columbia at $493M (8%). As for VC investment, Ontario secured investments topping $331M and accounted for 37% of total VC investment in Canada. Read Article

Why did Aequitas NEO launch a new stock exchange in Canada today?

Tue, 18 Nov 2014 00:00:00 GMT
“Canadians deserve a stock market they can believe in,” says Jos Schmitt, CEO of Canada’s newly approved stock exchange, the Aequitas NEO Exchange. “We have re-mutualized the exchange business with all core users involved.” The Ontario Securities Commission (“OSC”) issued a recognition order this morning to Aequitas and Aequitas NEO Exchange Inc., to be effective March 1, 2015. The recognition order follows the Aequitas NEO Exchange application filed in June 2014 and a public comment period where an unprecedented diversity of market participants made their voice heard on the future direction of the Canadian equity markets. Read Article

JOLT portfolio surpasses $10M in financing

Tue, 18 Nov 2014 00:00:00 GMT
JOLT, a leading Canadian technology accelerator, announced today its latest capital metrics. Since its launch in 2012, the JOLT Fund has invested in 23 companies, including the six ventures in its current cohort. These companies have raised a total of $10.5 million with nearly half of the 17 JOLT graduates attracting outside funding and securing an average of $1.1 million in seed capital per company. Angel investors have contributed the bulk—63%—of the more than $10 million of capital, followed by early-stage VC funds such as the Youth Investment Accelerator Fund, which have contributed 16% of the total. JOLT companies that have earned notable success through these capital sources include Taplytics, Turnstyle, PUSH, Nudge Rewards and Singspiel. The remaining capital raised has come from grant and loan programs. Read Article

In China, Ontario Premier Wynne finds her way

Mon, 17 Nov 2014 00:00:00 GMT
In the first speech of her week-long trade mission to China last month, Kathleen Wynne wasted no time lauding her hosts. At an upscale hotel in the heart of this eight-million-strong metropolis, the Ontario Premier praised the country’s prowess at building infrastructure: the bullet train that whisked her the 350 kilometres from Shanghai in just 90 minutes; the local subway system, opened a decade ago but already more extensive than Toronto’s. Read Article

Toronto’s Chango Takes Top Spot on Deloitte’s Technology Fast 50 List

Mon, 17 Nov 2014 00:00:00 GMT
The Deloitte Technology Fast 50 Program list was released the other day, detailing a resilient and growing tech sector from coast to coast, with Toronto’s Chango taking the top spot. Deloitte compiles its list of companies with revenue higher than $5 million from Canada’s tech sector, based on highest percentage revenue growth over five years. To indicate just how Canada’s tech sector stacks up against its recent history, the aggregate five-year growth rate for all 50 companies was 4,736% this year, up sharply from 2013’s growth rate of 832%. Read Article

Hermes Real Estate and Canada Pension Plan Investment Board Form U.K. Regional Joint Venture

Mon, 17 Nov 2014 00:00:00 GMT
Hermes Real Estate and Canada Pension Plan Investment Board (CPPIB) announced today that they have formed a new U.K. regional joint venture. The partnership involves Hermes Real Estate selling 50 per cent of the development phase of Wellington Place in Leeds to CPPIB. Complementing the existing London office joint venture set up between Hermes Real Estate and CPPIB in July 2013, this new U.K. regional joint venture involves Hermes Real Estate and CPPIB committing equity to the project on a 50:50 basis, for a total Gross Development Value in excess of £185 million. Read Article

The Rise of Urban Innovation Districts

Mon, 17 Nov 2014 00:00:00 GMT
The geography of innovation is shifting. For proof, start with Google, which over the past 10 years has taken the core R&D and innovation-oriented activities it once housed only in Silicon Valley and extended them into cities. The company’s presence in London’s Tech City, New York City’s Chelsea district, and Pittsburgh’s Bakery Square reflects management’s calculation that being in cities increases the company’s access to growing tech-oriented ecosystems, advanced research institutions, deep pools of talent, and distinct regional specializations. Read Article

O Canada, We Raise Our Wine Glass to Thee

Mon, 17 Nov 2014 00:00:00 GMT
CANADIANS ARE FAMOUSLY conciliatory. To be a Canadian, it seems, is to know how to apologize. A lot. This temperament has its advantages (Canadians rarely go to war) but also means Canadians are often overlooked. For example, few consumers realize one of the world’s most exciting new wine regions is in Ontario, Canada. That’s the Canadians’ fault, of course. As Ed Madronich, Jr., of Flat Rock Cellars in Ontario, told me, “Canadians aren’t very good at promoting ourselves.” Mr. Madronich is one of several winemakers I met during a recent whirlwind visit to the Niagara Peninsula. He’s among the region’s most prominent producers of Riesling and Pinot Noir, two grapes planted more and more in this region of Ontario, along with other vinifera—that is, non-hybrid—grapes such as Chardonnay, Gamay and Cabernet Franc. Read Article

Canada to be Major Participant of Global Entrepreneurship Week This Month

Fri, 14 Nov 2014 00:00:00 GMT
From November 17-23, 2014, Global Entrepreneurship Week will aim to inspire people around the world through local, national and global activities designed to help them explore their potential as self-starters and innovators. These activities, from large-scale competitions and events to intimate gatherings, connect participants to potential collaborators, mentors and investors. Each year, 7.5 million people in 150 countries participate. Read Article