A Vancouver-based RNA medicines company has emerged from stealth with $150 million in financing from investors Versant Ventures and Novartis. Many forms of prevalent kidney disease remain unaddressed, and this is the area where Borealis Biosciences operates. Borealis was founded on the premise that a convergence of scientific and translational breakthroughs can enable RNA therapeutics […]
Empowered by Clean Growth Innovation Fund, VulcanX Advances Hydrogen Technology
FortisBC Energy is working with VulcanX on the development of hydrogen pyrolysis technology that could see zero-emission hydrogen and solid carbon produced from natural gas at a low cost. The regulated utility, which serves more than one million customers across British Columbia, is funding local upstart VulcanX through the Clean Growth Innovation Fund. “We are […]
AWS Invites Vancouver to Hold Canada’s First-Ever Community Day in September
For a decade now, the Vancouver AWS Usergroup has been running free monthly gatherings to showcase demos, share knowledge, and collaborate with other talent and companies within the community. Now the city its looking to host Canada’s first-ever officially AWS Community Day. AWS Community Day events are conferences where event logistics and content is planned […]
Real Estate Investment Platform addy Diversifies Offerings with Credit Opportunity
Vancouver fintech firm addy is introducing a credit opportunity onto its digital investment platform for the first time. Addy says it is “committed to expanding investment opportunities that cater to various investor preferences and risk profiles” and posits that credit investments provide an alternative avenue for those seeking returns with lower average risk than typical […]
B.C. is Battling a ‘Continuous Decline in Investment Activity,’ CVCA Report Finds
In the first half of 2024, venture capital investments totalled nearly $3.6 billion across almost 300 deals, as blood slowly returns to a pale Canada. Despite the lowest deal volume since 2020, average deal size continues to grow, reflecting investors’ focus on companies with proven track records and strong fundamentals, according to the CVCA’s H1 […]
UBC Receives $9M from PacifiCan to Launch Two State-of-the-Art Innovation Spaces
The Government of Canada is supporting collaboration between industry and academia in an effort to bring more B.C.-made products to global markets. Through the Pacific Economic Development Agency of Canada’s Regional Innovation Ecosystems program, federal minister Harjit Sajjan this week announced nearly $9 million in funding for two projects based out of the University of […]
City of Vancouver Taps Local Firm infinitii ai to Advance Region’s Water Management Tech
Infinitii ai won a bid with the City of Vancouver, the BC-born company announced this week. The Canadian firm, which offers environmental monitoring to water infrastructure utilities in North America, will provide Vancouver with access to its “flowworks” real-time data monitoring software as part of a three-year contract. “This sale underscores our expanding North American […]
Securities Commission Finds B.C. Crypto Firm Stole $13M in Customer Assets
A B.C. Securities Commission panel found this week that a B.C.-based crypto trading platform committed fraud by lying to its customers and diverting roughly $13 million of their assets to gambling endeavours. The platform, operating under the name ezBtc and incorporated by former B.C. resident David Smillie, allowed customers to buy and sell various crypto […]
One Year After Layoffs, Recovering East Side Games Group ‘Grows Stronger Every Quarter’
One of the city’s favourite game studios is on the mend. Vancouver-based East Side Games Group this week reported their second quarter financial results, posting more than $20 million in revenue. It was one year ago that a tumbling ESGG shed 20% of its workforce. Since then, however, the company has fostered an admirable corporate […]
Gatekeeper Systems Leverages 360° Video and A.I. to Protect Pedestrians from Urban Chaos
Every day, nearly 100 million people in North America depend on transit buses to navigate through busy streets and urban environments, according to data from Statista. But these environments are increasingly complex, which presents ongoing challenges for transit systems to maintain safety and efficiency. For example, accidents due to blind spots account for over 800,000 […]