Meet BC's slice of the $30B global VR/AR industry

Get to know Vancouver's immersive tech leaders. Welcome to the Sunday Briefing.

Good morning everyone. Welcome to the hundreds of new readers with us this Sunday. All eyes are on the BC Tech Association this week as they host the Technology Impact Awards on Thursday, November 18 at Science World. Tickets are still available. Get them here.

Below I’m excited to spotlight the innovators pushing BC’s virtual and augmented reality industry forward, UBC’s upcoming venture showcase, and 27 other stories.

Today’s Sunday Briefing is 1,147 words, a 4-minute read. Enjoy!

-William (@notionport)

Top Story: VR/AR in Vancouver

In-Depth: While they build digital worlds, Vancouver’s VR/AR leaders reflect on the world around them.

Years before the metaverse was so en vogue — and before the folks in Menlo Park hijacked the term — James Matthews was playing VR video games in downtown Vancouver, BC, the second biggest ecosystem for immersive technologies, not in Canada or North America but in the world. Indeed, Vancouver’s VR/AR cluster has upwards of 250 companies operating in it. In this special feature, Matthews talks to innovators in the space as they chat catalyzing moments, community, and what’s left to do to grow the ecosystem. » Start reading.

34 startups to be showcased at UBC's 2021 Venture Showcase.

To showcase innovators who are leading the charge creating solutions to some of the world’s most pressing challenges, UBC is hosting a Venture Showcase on November 24th where 34 of its most impactful ventures will be spotlighted. » Register.

North Vancouver’s EonLabs: From 0 to $20M in digital assets.

Chief business officer Victor Hogrefe on how algorithmic trading and blockchain made his business possible. » Starting reading.

Opinion: Time to pivot on climate change.

Matt Toner and JF Gauthier write that innovators must take an active role — if not the leading role — in the next round in the fight against runaway climate change. “It wasn’t altruism that made EVs a reality — it was capitalism. So let’s work with that,” they say. » Start reading.

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⏩ Briefly:

🤝 Funding and deals.

  • Motion Metrics, a Vancouver mining tech firm with 125 employees, has agreed to be acquired by Weir Group for an initial consideration of CAD$150 million. Founded in 1999, Motion Metrics develops AI and 3D rugged machine vision tech used in mines worldwide. » Get the full story.

  • Bandit Labs, an AI-powered chat analytics platform, kicked off a CAD$600,000 pre-seed fundraising round with an investment from Badhouse Ventures. » Learn more.

  • Immutable Holdings Inc. entered into an asset purchase agreement for the acquisition of from LaunchBadge, a software engineering firm based in Citrus Heights, California. » Continue.

  • Plurilock Security announced that it closed a previously-announced "bought-deal" public offering of common shares, including the exercise in full of the over-allotment option, for total gross proceeds of $4.6 million. » Continue.

🗞️ In other news…

  • Dialectica, a global information services firm, announced that it will open a Vancouver office and hire 100 people. » Get the full story.

  • Clio, executing an ‘audacious’ growth plan, adds a quartet to C-suite through a mix of new and old faces focused operations, people, technology and marketing. » Meet the team.

  • Uber and EV charging solutions company Greenlots are partnering on an electric vehicle (EV) charging pilot project in Vancouver. The pair plan to install three new fast-charging stations in locations with high rideshare utilization in the city. » Continue.

  • Leaders of Indigenous Corporate Training Inc. from Port Coquitlam, as well as seven other eight other young entrepreneurs named as winners of the annual BC Indigenous Business Awards. » Continue.

  • HR Tech Group announced the release of their 2021 Diversity in Tech Dashboard, which indicates that only 19% of people at the executive level identify as visible minorities. » Continue.

  • Jack Newton, CEO of Clio received the Lifetime Achievement Award from the Changing Lawyer Awards 2021. » Continue.

💡 Ideas and insights.

🌐 More BC tech headlines from around the web.

🎧 Watch and listen.

📅 See you soon in person.

  • Vancouver Tech Morning Coffee every Tuesday. Join the Vancouver tech community for coffee from 8am-10am every Tuesday. Meet at The Coffee Bar (10 Water St.) in Gastown. Sign-up for coffee updates through this form.

  • TechVancouver: Join the CEO of Visualping and the co-founder and CTO of Opendoor on December 8 in Yaletown. Register here.

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