Venture Capital

These kinds of ICOs are truly pointless, Ethereum co-founder says

You may think a cryptocurrency initial coin offering is a good way to raise money, but Vitalek Buterin doesn’t. The Ethereum co-founder and blockchain guru says that cryptocurrencies that have no purpose outside their own closed systems will quickly lose their value, and that’s a matter of sim ...

Are tax reforms for US startups a boon for Canadian tech?

The startup tech community in the United States is currently in a panic over proposed legislative changes to the taxing of share options, a move which would put a damper on tech entrepreneurism across the country and could be a boon to Canada’s startup culture if the reforms proceed. The provisio ...

CATA urges feds to reconsider tax changes to passive income, saying it benefits tech SMBs

Despite the outsize reputation of companies such as BlackBerry Ltd. and Shopify Inc., the majority of Canada’s technology sector consists of startups and small and medium-sized enterprises, with a few large companies thrown in the mix, and the Canadian Advanced Technology Alliance (CATA) wants to ...

Alex Tapscott’s NextBlock is a warning to heedless investors in the blockchain space

Alex Tapscott Blockchain venture capital fund NextBlock Global has announced that it will step down from a planned public offering due to false claims about the company which may have misled investors. The news is a blow to NextBlock founder and rising star of the blockchain space, Canadian Alex ...

Israeli companies are a good fit for the Toronto Stock Exchange, banker says

Doron Cohen The TMX Group is trying to woo Israeli tech companies to list on the TSX and TSX Venture exchanges, a move that’s easily a win-win scenario, says Doron Cohen, CEO of Israel’s A-Labs Ventures, who claims that while not too many Israeli tech businesses are currently ready to go publi ...

Tech sector growth map of Canada – Updated for top VC deals in Q3 2017

Canada’s tech startups saw more access to venture capital dollars in the third quarter of 2017 with a 110 per cent increase to $858 million USD across 81 deals, according to PwC’s MoneyTree Canada report released on Wednesday. Artificial intelligence has been a hot topic in the tech industry, a ...

The reports of AI killing jobs have been greatly exaggerated

Elon Musk has warned that artificial intelligence (AI) is the biggest risk we face as a civilization, but several Canadian business leaders believe this apprehension is overstated, especially when it comes to its applications in the workforce. AI will be one of the most disruptive technologies mov ...

PM Trudeau pitches Canadian cities for second Amazon HQ, dissenting voices speak up

Amazon announced its intentions to build a second headquarters location just a few weeks ago, and the sweepstakes are heating up as the deadline to submit bids ends at midnight on Oct. 19. Prime Minister Justin Trudeau has sent a personal letter to Amazon CEO Jeff Bezos pitching Canadian cities as ...

Inaugural Startup World Cup will crown its first Canadian winner at this week’s CIX

Twenty of Canada’s most innovative startups are getting a boost this year from the World Cup of venture capital – literally. The inaugural Startup World Cup, organized by San Jose, Calif.-based Fenox Venture Capital, will be hosting its Canadian regional component this week as part of the 10th ...

TD Bank opens cyber security lab in Israel

TD Bank Group will open up a subsidiary office dedicated to cyber security research in Tel Aviv, Israel, it announced on Wednesday. The new office marks the first time a Canadian bank has opened an office in Israel, and a rare move for TD to open an office in an area that it doesn’t actually serv ...