Private Equity
Canadian venture capital firm Innovacorp announced the Nova Scotia government plans to recapitalize the Nova Scotia First Fund. The fund, which is managed by Innovacorp, will as a result have $40 million to invest in early-stage companies in a range of local technology sectors. Earlier this year, the provincial government committed $25 million to a new venture capital fund. Innovacorp said the new fund will support local companies that are in later stages of development. This week, Innovacorp-backed Analyze Re was acquired by Verisk Analytics Inc.
3 min read · 27 October 2016
MIT said Wednesday it will launch an accelerator program, called The Engine, and raise a $150 million venture fund to support startups innovating in science and technology.
1 min read · 27 October 2016
NEXT Canada, a Toronto non-profit organization focused on supporting Canadian entrepreneurs, has unveiled NextAI. The program is intended to provide financing, advice and sector-specific tools to developers of artificial intelligence (AI) and machine learning solutions, and help position Canada as a leader in the global AI market. Beginning early next year, entrepreneurial teams will have access to up to $200,000 in seed financing to develop their technology. NextAI applications are open until January 5, 2017. The program's partners include EY, MasterCard, TD and Osler, Hoskin & Harcourt.
3 min read · 27 October 2016
7 min read · 27 October 2016
1 min read · 27 October 2016
Intel Capital announced during its Global Summit in San Diego that it will expand its Diversity Fund to also include U.S.-based entrepreneurs from the LGBTQ community, entrepreneurs living with disabilities and military veterans. The $125 million fund was launched in mid-2015 to focus on startups led by women and underrepresented minorities.
1 min read · 27 October 2016
2 min read · 26 October 2016
1 min read · 26 October 2016
8 min read · 25 October 2016
3 min read · 25 October 2016
