$11.1M investment? Burnaby is booming
This is your Sunday Briefing.
Good morning! Today, the spotlight is on Burnaby and its burgeoning tech scene. But first, here’s a snapshot of all the events happening this week:
Tuesday, June 7: Vancouver Tech Morning Coffee
Saturday, June 11: TKS Vancouver Networking Showcase
Alright, now onto today’s briefing. It’s 954 words, a 4-minute read.
Four Burnaby tech firms secure $11.1M investment from federal agency
Kobalt, Symvivo, HTEC, and Kardium split the funding from Pacific Economic Development Canada’s Business Scale-up and Productivity program. » Start reading.
Canadian Pacifico Seaweeds receives $93K from Canadian Food Innovation Network
How Majid Hajibeigy, founder and CEO of the Surrey-based biotech firm, got lost in the (sea)weeds en route to this investment. » Get the full story.
Survey says: 16 Vancouver Island tech companies to watch
The businesses our Twitter community thinks you need to know. » Start reading.
Vancouver’s Frontier Collective to throw “night summit” at Collision conference
The event will introduce Vancouver and B.C. companies to investors, speakers, government officials, big brands, and more. » Start reading.
A mixed-reality circus performed in Vancouver on Saturday, courtesy of LiveSwitch and Shocap
The circus is coming to town – and in a world first, you can watch it in person, streamed live online, on your VR headset, or through your console. All in real time. » Start reading.
Business spending as it should be
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🤝 Funding and deals
Penny AI raised a $27 million Series B. The oversubscribed funding round for the company’s AI-powered sales software is an affirmation that ‘there must be a better way.’ » Get the full story.
Big Whale Labs raised $3.8 million for its Web3 pseudonymity protocol. The startup is building an open-source tool to power privacy and security in crypto transactions. » Start reading.
University of Northern British Columbia is receiving $1.9 million from Pacific Economic Development Canada to establish an Environmental Solutions Innovation Hub. » Continue.
Tribe Property Technologies reported $4.2 million in quarterly revenue (up 11% year over year) and $21 million in gross proceeds raised from a private placement. » Continue.
Orderinbox is partnering with Departure Lounge as a preferred Metaverse Development Partner and preferred NFT marketplace. » MarTech Series.
25 years of recognizing Canada’s leading technology companies
Deloitte Canada’s Technology Fast 50™ is open to companies large and small, public and private. Fast 50 winners share an ongoing quest to connect today with tomorrow. The program celebrates innovation, rapid revenue growth, entrepreneurial spirit, and the world-class achievements of the Canadian technology industry.
If you have what it takes to claim a leading spot among Canadian technology innovators, apply today!
🗞️ In other news
B.C. firms make up a significant portion of the fastest-growing green companies in Canada list. » Corporate Knights.
How Ethos Lab hopes to rebalance tech sector demographics. » Business in Vancouver.
Dr. Elicia Maine, an SFU Beedie professor, was named associate vice president of knowledge mobilization and innovation for SFU. » Continue.
GeoComply launched a TechSprint aimed at driving innovation and encouraging creative solutions to protect children online. » Continue.
The annual Indigenomics 10 to Watch Awards highlights leadership in advancing the Indigenous economy. » The 2021 winners were announced.
Finhaven launched Gateway to provide a regulation-compliant solution for the world of cryptocurrencies and security tokens. » Continue.
TGS Esports and 7-Eleven have teamed up with the Canada Esports Association to select Rocket League players to represent Canada at the inaugural Commonwealth Esports Championships. » Investing News Network.
eDAPT, a research group led by Dr. Joanna McGrenere in the Department of Computer Science at UBC, received a $30k research grant to design a “healthy” metaverse. » Continue.
UBC grad Tyler Ga Wei Lum plans to channel passion for AI to innovate health-care. » Continue.
The number of electric vehicles (EV) on B.C.’s roads has increased by 1,600% in the past six years, according to the Ministry of Energy, Mines and Low Carbon Innovation. » Continue.
Shahrzad Rafati, chair and CEO, BBTV Holdings, was awarded the Entrepreneurial Leader as part of the 2022 Women of the Year Awards. » BC Business.
Accelerate Okanagan is hosting hackathon on affordable housing. » Castanet.
B.C. startups have raised 86 percent less than a year earlier according to CPE Analytics. » Business in Vancouver.
💡 Ideas and insights
Michael Gilbert, CEO of Semios, writing in AgFunder Network: The overlooked giant in the ESG conversation? Agriculture
Chris Neumann, general partner at Panache Ventures, writing on his blog about how founders can ask an existing investor if they’re willing to follow on
InBC Investment Corp’s chief investment officer Leah Nguyen shares insights on creating impact with InBC
Karn Manhas, CEO of Terramera, joined the Afternoon “T” podcast to discuss what sparked Terramera’s inception, what motivates them now, and what the future holds for agriculture technology. » Listen now
Michael Gilbert, CEO of Semios, joined the Farms Advice Agribusiness podcast to discuss how data has changed the way humans farm. » Listen now.