The metaverse has taken a financial toll on Meta—the tech titan is down 65% on the year, partly due to its metaverse project costing several billion dollars per year without hope of profitability anytime soon. Third-quarter results show the company lost $9 billion so far this year on Reality Labs, the arm of Facebook which […]
Six Solar Startups Heating Up in BC
Efficiently harnessing the power of the sun at scale is a tall task, but somebody’s gotta do it. Hundreds of different companies around the world are tackling the various challenges around making solar a viable, affordable, and accessible alternative to conventional energy sources. This includes several in British Columbia, where pushes for clean energy have […]
Linus Tech Tips Growing Garage Startup into Digital Media Empire
YouTube was a different sort of platform, operating on a different kind of internet, back when Linus Sebastian launched his first channel. The content creator’s success through Linus Tech Tips has transcended shifts in social media and other technologies. The friendly and helpful persona of Linus himself—and more recently, a growing team of co-creators—is what […]
Seeking to Improve ‘Alignment with Goals,’ Kabam Games Reduces Workforce by 7%
Vancouver-based Kabam Games has laid off about three dozen employees, according to a new report. At the start of the year, Kabam boasted more than 500 employees, including over 300 in the Vancouver region alone. These figures may run slightly smaller for now, however. “We made the decision to adjust our resourcing structure in alignment […]
Six Hardware Startups in BC You May Not Have Heard Of
Most startups today are digital-first. Such enterprises are typically easier to launch, and statistics suggest they’re more likely to get funding and survive than their hardware counterparts. “As hard as it is for all tech startups, it’s even more difficult for consumer hardware companies,” affirms a report from CB Insights, which found that 97% of consumer hardware […]
Vancouver’s Baseline Payments Acquires Fellow BC Fintech in Victoria’s MazumaGo
The story of just about every company begins with someone casually asking a question. For Victoria fintech startup MazumaGo, the question was simple: Why is it so hard for businesses to send money? The fact remains that while consumers have consistently adopted digital payments over the past decade, businesses has lagged behind. Paper cheques have […]
IndieFest Uses Innovative Spaces, Emerging Technology to Create Interdisciplinary Experiences
The third annual IndieFest is set to return in Vancouver, and it’s the first time the event will be fully in person. Organizers say IndieFest intends to showcase “genre-defying musical performances” that will highlight stories and people overshadowed by history and tradition. The event is a “musical gathering that brings together artists and audiences from all […]
5 Vancouver Startups Advancing Water Technology in BC
Invest Vancouver suggests water tech “provides an untapped economic opportunity for the Metro Vancouver region,” serving a multi-billion dollar global market. IV’s latest report, “Water Tech: The Metro Vancouver Region’s Untapped Clean Tech Opportunity,” provides BC with an overview of the region’s opportunities and challenges in the sector. Invest Vancouver identified 59 Metro Vancouver-based, export-oriented […]
Vancouver Entrepreneur Returns to Roots with New Fund for University Students
In 1979, Wes Graham and Ian McPhee launched the University of Waterloo’s first startup—WatCom, which became Sybase before being acquired. In doing so, they “started an entrepreneurial tradition in the Faculty that remains strong today,” according to the university, whose Faculty of Mathematics claims the origins of more than 500 startups—including OpenText, Maplesoft, RapidNovor, and Faire. And this […]
Vancouver Crypto Startup, Blockchain Research Team Aim for Global CBDC Infrastructure
Finhaven Technology is partnering with Blockchain@UBC to build Finhaven Chain. The Vancouver-based capital markets technology company wants to build a public blockchain for central banks and regulated entities, the firm announced at the Blockchain Summit, in Los Angeles, California. Currently, over 100 countries are working on their own Central Bank Digital Currency in a siloed way. […]