Astek Group Opens New Office in Toronto, Plans to Create 100 Jobs

Wed, 01 Oct 2014 00:00:00 GMT
After successfully launching their North American headquarters in Montréal, Toronto was the natural choice for Astek Group to open their next Canadian office as a gateway to the North American market. Astek Group has chosen a Toronto location for access to Toronto's multicultural and multilingual workforce, and for its strategic location as a global hub for business where the headquarters of the world's largest corporations are located. Astek Group plans to expand its workforce to approximately 100 local employees over the next five years. Read Article

Ontario Announces Trade Mission to China

Wed, 01 Oct 2014 00:00:00 GMT
Premier Kathleen Wynne announced today that she is going on a trade mission to China to build new partnerships and attract investments which will lead to new jobs across Ontario. The mission builds on Ontario's Going Global Trade Strategy to help the province's businesses - particularly small- to medium- sized enterprises - expand into priority markets such as China. The mission will help showcase Ontario's expertise in clean tech and science and technology, increase the province's international profile and support a dynamic and innovative business climate. Ontario's large and active Chinese-Canadian community creates a natural connection which fosters closer trade ties and makes Ontario an attractive destination for Chinese investment. Read Article

Bell Media Invests in Canadian Digital Startup Hubub

Wed, 01 Oct 2014 00:00:00 GMT
Bell Media announced today an investment in Toronto-based digital startup Hubub, Inc. Under the terms of the agreement, Bell Media has invested $5 million in cash and committed millions more to market Hubub.com and the Hubub mobile app, a new digital platform for exploring and discussing interests, across its leading media properties. In addition to acquiring an equity stake in the company, Bell Media has obtained the exclusive rights to monetize Hubub in Canada. Bell Media is committing significant marketing resources to grow Hubub in Canada - creating hububs for its brands, leveraging its TV and radio talent, and integrating Hubub technology into its digital media properties. In an innovative partnership agreement, Bell Media will earn additional equity in the company based on the resulting scale of Hubub’s Canadian audience. Read Article

Why Salesforce Loves Buying Canadian Startups

Wed, 01 Oct 2014 00:00:00 GMT
Few Silicon Valley outfits have taken as keen an interest in Canada as Salesforce, which is this year celebrating its 10th anniversary in the country. The company, which started as a vendor of cloud-based customer relationship management products and has since expanded into a host of online services, set up offices in Toronto in 2004, only five years after its founding in San Francisco. It now employs more than a thousand people north of the border. In recent years, Salesforce has been on acquisition binge, buying up companies across the country from Halifax-based GoInstant to Toronto’s Rypple to B.C.-based Sitemasher, among others. In some ways, it’s the most Canadian of American tech companies. Read Article

A band of cities: Alliance opens avenues for investors

Wed, 01 Oct 2014 00:00:00 GMT
The Consider Canada City Alliance (CCCA) combines the strengths of 11 Canadian municipalities: Toronto, Montreal, Vancouver, Ottawa, Calgary, Quebec City, Winnipeg, London, Halifax, Saskatoon and the Waterloo region. The economic development agencies of each municipality have banded together to bring their interests to the attention of foreign investors. The logic is that they are stronger as a team, and that they can direct investors to the city that will best meet their needs for setting up shop in the Great White North. Read Article

Funding ideas for startups that don’t want VC money

Tue, 30 Sep 2014 00:00:00 GMT
It’s no secret that venture capital in Canada is hard to come by, and as Canadian small businesses struggle to find investors, entrepreneurs need to consider non-traditional financing options. The investment landscape is competitive; venture capitalists are looking for very specific companies to add to their portfolio and those fortunate enough to raise a funding round are forced to part ways with a large chunk of the company they’ve worked so hard to build. Though venture capital funding is often seen as the most desirable method for securing the capital necessary to move a business forward, there are a variety of options Canadian entrepreneurs should consider at various stages of their development as well. Read Article

New GO Transit Bus Terminal at Union Station

Tue, 30 Sep 2014 00:00:00 GMT
Ontario, through Metrolinx, is partnering with Ivanhoé Cambridge to build a new GO Bus terminal in downtown Toronto to bring bus and train services to one central location, giving commuters a better, more seamless travel experience. Customers will benefit from better convenience and choice by having intercity bus carriers, GO Transit, VIA Rail, the TTC and UP Express in one location. Construction of the new GO Bus Terminal at 45 Bay St. is expected to start in spring 2015 and will take three years to complete. Read Article

Let there be (OLED) light: Startup sees bright future in organic diodes

Tue, 30 Sep 2014 00:00:00 GMT
Michael Helander wants to revolutionize commercial lighting and advanced manufacturing — but first, he’d like to sell you this lamp. The lamp is called the aerelight. It’s flat and thin and shines a warm, bright light. It’s a neat-looking and effective lamp, but that’s not why Mr. Helander hopes you’ll sign up for an online pre-order. Mr. Helander, the 29-year-old president, CEO and co-founder of Toronto-based OTI Lumionics, is hoping the customers who buy the aerelight will be able to provide feedback about the technology that powers it. The light the lamp emits comes from an organic light emitting diode or OLED, a developing technology that passes electricity through carbon-based dyes and pigments to power lights and displays. Read Article

Metrolinx Announces Plans for New GO Bus Terminal at Union Station

Tue, 30 Sep 2014 00:00:00 GMT
Metrolinx and real estate company Ivanhoé Cambridge today unveiled plans for a new downtown development: the proposal involves an office complex at 45-141 Bay Street, a larger GO bus terminal, and an elevated park above the rail corridor. The GO bus station is currently located on the north side of the rail corridor, but will be moving south now that Metrolinx has sold its property at 141 Bay Street to Ivanhoé Cambridge and will be receiving a long-term lease for space in the base of the planned office tower at 45 Bay Street. Read Article

Air Canada's International Expansion Extends to Amsterdam

Tue, 30 Sep 2014 00:00:00 GMT
Air Canada announced today it will introduce year-round mainline service to Amsterdam from Toronto beginning in June 2015 as part of the continuing expansion of its international network. "Air Canada will continue its international expansion drive next summer, led by the addition of Amsterdam to its mainline global network. Apart from being a popular tourist destination, Amsterdam is also a key business market with longstanding links to Canada. Air Canada is the only Canadian carrier to offer the route year-round and it will complement our existing service to Brussels, giving customers easier access to the Benelux region," said Benjamin Smith, President, Passenger Airlines, at Air Canada. "In addition to Amsterdam, for summer 2015 Air Canada will launch new double-daily, non-stop Air Canada service to Paris from both Toronto and Montreal, and new Air Canada rouge service between Vancouver and Osaka and between Montreal and Venice. It will also offer increased weekly Air Canada rouge frequencies to such popular destinations as Barcelona and Athens." Read Article

PATH blazes new trail to RBC WaterPark Place

Tue, 30 Sep 2014 00:00:00 GMT
To the casual eye, it’s another glass tower lining Lake Ontario. But the RBC WaterPark Place III building marks a series of victories, big and small, for the City of Toronto, its waterfront dwellers and landlord Oxford Properties Group Inc. The 30-storey complex, on Queens Quay across the street from the lake, will officially open in December. But it’s already slowly filling with workers who’ll take advantage of a Toronto first: a waterfront connection to the city’s PATH pedestrian network, providing shelter from the Canadian elements northward to Union Station. Read Article

How do great universities build great cities?

Tue, 30 Sep 2014 00:00:00 GMT
Universities play a key role in building and strengthening cities, helping them connect with the world and reinvent themselves in dynamic ways – and it’s a symbiotic relationship, says award-winning urban theorist and University of Toronto president Meric Gertler. "A strong university helps build a strong city and the reverse is also true: a strong city helps build a strong university,” Gertler told the sold-out crowd of urban experts, planners, students and activists. The Big City, Big Ideas event was hosted by the Institute on Municipal Finance & Government at the Munk School of Global Affairs on September 18. Read Article

New combination therapy is game-changer in treatment of type 2 diabetes

Mon, 29 Sep 2014 00:00:00 GMT
Adverse effects of the current drug treatments for patients with type 2 diabetes, such as weight gain and low blood sugar levels, could be virtually eliminated by adopting a treatment strategy that is proving effective and safe in clinical trials worldwide, according to a study published in The Lancet. The study, led by investigator Dr. Ravi Retnakaran of Mount Sinai Hospital in Toronto, ONT, shows that, when combined with long-acting insulin, a new class of medication that mimics a naturally occurring gut hormone can obtain excellent blood sugar control – without increased risk of low sugars or weight gain. Read Article

Toronto hosts a galaxy of space experts at international conference

Mon, 29 Sep 2014 00:00:00 GMT
It’s not often a convention puts Toronto at the centre of a constellation like this one: this week’s International Astronautical Congress will draw together 3,000 stars of the space industry. Among those converging here for the four-day conference will be researchers, scientists and engineers and the heads of 30 space agencies, 90 per cent of them from outside Canada. It marks the first time in 10 years Canada is hosting the event, which offers a boost to domestic space efforts, said Ron Holdway, chair of the event’s organizing committee. Read Article

Etsy debuts new craft market at MaRS and OCAD

Fri, 26 Sep 2014 00:00:00 GMT
Online handmade-goods megastore Etsy is continuing its quest to bring its scores of cute handmade goods and late-night impulse buys into three-dimensional reality. First came the Canadian Craft Party event this spring, which brought a full day of craft workshops to spots across the city. Now, Toronto will be part of a massive cross-Canadian bash that gives local Etsy sellers and crafters a way to connect (and you a way to discover that new teapot / necklace / bent-wood bicycle fender you'll totally obsess over). This Saturday, September 27, Etsy's Made In Canada event will be held in 30 cities across Canada. Read Article

Canadian scientist predicted to win Nobel Prize

Fri, 26 Sep 2014 00:00:00 GMT
A Canadian researcher is being touted as a potential Nobel Prize winner by an organization that predicts which scientists are most likely to take home one of the coveted awards. Dr. Stephen Scherer, director of the Centre for Applied Genomics at the Hospital for Sick Children in Toronto, has been selected as a 2014 “Nobel-class” citation laureate in physiology or medicine by Thomson Reuters Intellectual Property & Science. The organization has correctly predicted 35 Nobel Prize winners since 2002. Read Article

Next great hub for Digital Health? Look North.

Thu, 25 Sep 2014 00:00:00 GMT
I’m not one of those people looking for the “next Silicon Valley.” I don't believe Silicon Valley is out of ideas, or Silicon Valley is past it’s prime. I love being in Silicon Valley, despite it’s flaws, and I think it’s a place all people should experience if they plan on a life of entrepreneurship. At the same time, I'm constantly on the look out for new sources of talent and inspiration, and with that in mind I accepted the invitation to keynote a Health 2.0 Toronto event. It did not disappoint. It certainly was not my first exposure to Toronto?—?I've had the pleasure of working with Ontario Telehealth Network (OTN) during my time with Health Hero, and most recently Xtreme Labs was a major contributor to the launch of Better, but the extent of Toronto’s Digital Health capabilities was eye opening. Read Article

Ontario Science Centre and Cisco collaborate to create a "connected museum" bringing science literacy to broader audiences

Thu, 25 Sep 2014 00:00:00 GMT
Today, Cisco and the Ontario Science Centre announced their vision to advance the Centre's interactivity and accessibility. Cisco's investment in state of the art Information Communication Technology (ICT) will help transform the Ontario Science Centre into a "connected museum," allowing it to engage even broader audiences in innovative and interactive approaches to exploring science. In addition, Cisco is also funding the first ever museum-based Cisco Science Fellow for Innovative Learning Technologies, with the appointment of the Centre's Sabrina Greupner. Read Article