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Port Coquitlam-based         has entered a supply agreement with the energy storage subsidiary of Mercedes-Benz to reuse...
07/07/2022

Port Coquitlam-based has entered a supply agreement with the energy storage subsidiary of Mercedes-Benz to reuse its partly-spent electric vehicle ( ) batteries (https://betakit.com/moment-energy-signs-supply-agreement-with-mercedes-benz-to-repurpose-used-ev-batteries/). According to , this marks the first agreement it has signed with a North American second-life energy storage system ( ) provider.

Moment Energy has entered a supply agreement with the energy storage subsidiary of Mercedes-Benz to reuse its spent electric vehicle batteries.

Montréal-headquartered   has entered an agreement to acquire Nasdaq and Toronto Stock Exchange (TSX)-listed Points for $...
05/11/2022

Montréal-headquartered has entered an agreement to acquire Nasdaq and Toronto Stock Exchange (TSX)-listed Points for $25 USD per common share, with a total value of $385 million in an all-cash transaction (https://betakit.com/plusgrade-to-acquire-tsx-and-nasdaq-listed-loyalty-commerce-startup-points/). The deal must be approved by Points’ and the Ontario Superior Court of Justice, in addition to meeting other regulatory approvals, to be finalized. Once completed, Points would become a private company under ’s portfolio.

Plusgrade has entered an agreement to acquire Nasdaq and Toronto Stock Exchange (TSX)-listed Points, which offers a loyalty commerce platform.

Shortly after  ’s deal to acquire     Coinberry was announced earlier this week, it was revealed that     Corp. III had ...
04/22/2022

Shortly after ’s deal to acquire Coinberry was announced earlier this week, it was revealed that Corp. III had agreed to settle its lawsuit against Coinberry (https://betakit.com/amid-wonderfi-deal-coinberry-reaches-settlement-in-cinaport-lawsuit-following-failed-tsxv-takeover/). -based Cinaport’s lawsuit followed the collapse of a deal that would have seen Coinberry acquire Cinaport as a means of going public.

Shortly after WonderFi’s deal to acquire Coinberry was announced earlier this week, it was revealed that Cinaport Acquisition Corp. III had agreed to settle its lawsuit against Coinberry.

The     has published its Budget 2022, which contains a number of commitments for the     and innovation sector (https:/...
04/08/2022

The has published its Budget 2022, which contains a number of commitments for the and innovation sector (https://betakit.com/federal-budget2022-surprisingly-heavy-on-innovation-policy/). Much desired commitments to clusters, intellectual property ( ), and more have been made. Rather than large cash commitments, many of the promises are or -driven.

The federal government has published its Budget 2022, which contains a number of commitments for the Canadian tech and innovation sector.

  ( ) announced today that it plans to hire up to 2,500 employees across   over the next five years as part of a new Can...
03/31/2022

( ) announced today that it plans to hire up to 2,500 employees across over the next five years as part of a new Canadian hub (https://betakit.com/meta-to-hire-up-to-2500-workers-in-canada-open-engineering-hub-to-build-metaverse/). Ford called the move “a tremendous show of confidence in [ ].” He added, “Projects like these demonstrate that our tech talent no longer has to look elsewhere to pursue their .” Meta joins what seems to be an ever-increasing number of international tech companies that are looking to take advantage of .

Meta said Toronto will play an important role in creating the metaverse.

    has revealed the list of   joining the second cohort of its 10-week cloud accelerator program for    . There are 11 ...
03/23/2022

has revealed the list of joining the second cohort of its 10-week cloud accelerator program for . There are 11 startups from a variety of industries, such as appointment scheduling company , grocery delivery service , and proptech firm (https://betakit.com/google-reveals-second-cohort-of-canadian-cloud-accelerator/). The group will undergo a virtual bootcamp that involves cloud , project support, workshops on product design and customer , as well as leadership for cloud founders and leaders.

Google Canada has revealed the 11 startups joining the second installment of its Canadian cloud accelerator program.

The Bank of   is teaming up with the   Institute of Technology ( ) to explore central bank digital currencies ( ).https:...
03/18/2022

The Bank of is teaming up with the Institute of Technology ( ) to explore central bank digital currencies ( ).https://betakit.com/bank-of-canada-to-collaborate-with-mit-on-digital-currency-research-project/
Canada’s central announced yesterday that it has struck an agreement with MIT Media Lab’s Initiative ( ) to conduct a 12-month research project that will take a closer look at “how advanced could affect the potential design of a CBDC.”

The Bank of Canada is teaming up with the Massachusetts Institute of Technology (MIT) to explore central bank digital currencies.

 -based same-day delivery     has raised $1.25 million CAD in seed funding to fuel its expansion across  . (https://beta...
03/11/2022

-based same-day delivery has raised $1.25 million CAD in seed funding to fuel its expansion across .
(https://betakit.com/storetodoor-secures-1-25-million-to-take-same-day-delivery-service-to-new-markets/). After dabbling in ’s scene through angel investing and seeing the impact of and -19 on local retailers, he decided to launch his own same-day delivery solution. Now, armed with fresh , the company plans to move into British Columbia ( ) and other regions as it looks to “reach a national scale in 2022.”

Regina-based same-day delivery startup StoreToDoor has raised $1.25 million CAD in seed funding to fuel its expansion across Canada.

With  ,   and   continuing to prioritize societal initiatives, environmental, social and   ( ) performance is becoming c...
02/25/2022

With , and continuing to prioritize societal initiatives, environmental, social and ( ) performance is becoming critical for to stay competitive in an increasingly socially conscious world (https://betakit.com/four-ways-tech-companies-can-achieve-carbon-neutrality/) No longer can a strong product or service carry a . Modern behaviours have shifted, and new preferences have emerged as this – and every generation to come – are committing to making the world a better place. They expect that same commitment from the companies with which they engage.

Rick Wadsworth, VP of investor relations at Kinaxis, shares lessons learned and how software companies can enhance their sustainability strategies.

One year after being acquired by   for $754 million CAD,  ’s   is charting a new course for his   (https://betakit.com/a...
02/18/2022

One year after being acquired by for $754 million CAD, ’s is charting a new course for his (https://betakit.com/allen-lau-drafts-a-new-plan-for-wattpad-one-year-after-naver-acquisition/). Allen points to four areas that Wattpad will focus on for growth; leveraging machine learning to discover more stories; how traditional is produced; creating new forms of entertainment; and distributing stories across all formats (on multiple platforms) and earn money for writers.

One year after being acquired by Naver for $754 million CAD, Wattpad’s CEO is charting a new course for his company.

Advances in     and other   allow machines to be operated from far away. (https://www.wired.com/story/now-physical-jobs-...
02/07/2022

Advances in and other allow machines to be operated from far away. (https://www.wired.com/story/now-physical-jobs-going-remote/). The trend could spell trouble for workers; “new forms of physical may involve supervising multiple , similar to how one person oversees several chatbots simultaneously.”

Advances in artificial intelligence and other technology allow machines to be operated from far away. The trend could spell trouble for workers.

The   has made accessing   talent more possible than ever before which has been evident in the thriving     scene. (http...
01/28/2022

The has made accessing talent more possible than ever before which has been evident in the thriving scene. (https://betakit.com/why-canadian-tech-is-finally-accessing-the-global-talent-market/). This shift in the global talent pool has had arguably the most significant impact in , where startups have recently been able to raise big rounds and hire top executive talent as well as world-class at a fraction of the price it used to cost The Canadian has done its part in helping attract this talent. The Start-Up Program now allows investors ranging from large VCs all the way to angels to fast-track recruits’ processes.

Ripple Ventures Founder and Managing Partner Matt Cohen shares how the pandemic has made accessing global talent more possible than ever before.

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