Ottawa-based Ranovus is investing $100 million to enhance its optical semiconductor manufacturing facility in the capital. This move will create 125 jobs as the company…
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Tag: Ottawa
North Vector Dynamics wins $4.2M National Defence contract for hypersonic propulsion
A Calgary-based defence tech startup has secured a four-year, $4.2-million contract from Canada’s defence department, coinciding with increased federal military spending. North Vector Dynamics, founded…
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Federal Government Invests $8 Million in Six Québec EV Battery and Charging Projects
The federal government is allocating $8 million to six electric vehicle (EV) battery and charging initiatives by Québec companies via Natural Resources Canada’s (NRCan) Energy…
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Zenbooks Co-Founder Launches OpenSME to Unite Canadian Small Businesses for Open Banking
Eric Saumure, co-founder and principal of Ottawa accounting firm Zenbooks, has initiated a volunteer campaign to pressure the federal government to implement open banking in…
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Shopify Reclaims Title as Canada’s Most Valuable Company After Robust Q2 Earnings
Shopify exceeded its predicted revenue growth, reporting $906 million USD in the second quarter as merchant sales increased despite retail challenges from trade uncertainty. Shopify’s…
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Versaterm Acquires Texas-Based DroneSense for Over $100 Million
Ottawa-based Versaterm has acquired Austin-based DroneSense to integrate the drone management platform into its public safety agency solutions. The transaction is valued at over $100…
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NGen Drives $108 Million Investment in Sustainable Manufacturing Tech
Next Gen Manufacturing Canada (NGen), the federally supported organization managing the Canadian Global Innovation Cluster for Advanced Manufacturing, has allocated $37 million CAD to a…
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Canada Grants $14.6 Million Contract to Space Trio for New Lunar Rover Construction
The Canadian Space Agency (CSA) has allocated $14.6 million in contracts to three Canadian space technology companies for the development of a new Canadian lunar…
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Growcer Acquires Assets of Bankrupt US Rival Freight Farms
Ottawa-based Growcer, led by CEO Corey Ellis, has acquired the assets of its American competitor Freight Farms after the latter declared bankruptcy in April, culminating…
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Is Canada’s Productivity Savior an Illusion?
Last February, discussions centered on AI’s potential to be Canada’s productivity savior. However, a new report might temper the AI excitement. Recent StatCan data indicates…
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