AbCellera has raised another round of financing, this time a US $105 million Series B round. The financing was led by OrbiMed and current investor DCVC Bio, with an investor syndicate that includes Viking Global Investors, Peter Thiel, Founders Fund, Eli Lilly and Company, University of Minnesota, and Presight Capital. Earlier this month the Government […]
‘League of Innovators’ Launches Platform for Youth to Discover Entrepreneurship
Vancouver’s League of Innovators (LOI) has launched a free learning and resource platform for youth and educators called Innovators Academy. The Innovators Academy is an online platform with free content on topics related to entrepreneurship and innovation organized into 12 modules filled with content, videos, and workbooks, and tackles topics such as social entrepreneurship, resilience, […]
Cosmic-Ray Muon Pioneer Relaunches As Ideon Technologies
Vancouver startup CRM Geotomography Technologies is getting ready to go to market and will do so under a new name and new leadership. The spin-off from TRIUMF–Canada’s national particle accelerator laboratory located at UBC–is now called Ideon Technologies and Gary Agnew has been named the new CEO. Agnew most recently led the global digital strategy […]
AbCellera Announces Multi-Year Antibody Discovery Collaboration with Eli Lilly
AbCellera has entered into a multi-year agreement with Eli Lilly on the discovery of antibodies for up to nine Lilly-selected therapeutic targets. Under the strategic research licensing agreement, Lilly will have the rights to develop and commercialize therapeutic products resulting from the collaboration. AbCellera and Lilly were in discussions about the agreement in early 2020 […]
CI Financial Completes Acquisition of Robo-Advisor WealthBar
CI Financial now owns 100% of Vancouver-born robo-visor WealthBar Financial Services. The Toronto-based global asset and wealth management company announced today it has increased its ownership of WealthBar to 100% by acquiring the remaining 25% minority interest. CI first acquired a majority stake in WealthBar in January of 2019. The transaction will eventually allow for […]
Innovate BC Partners With Mitacs To Drive COVID-19 Business Solutions
Mitacs and Innovate BC are partnering to fast-track solutions to COVID-19 while mitigating the pandemic’s adverse economic impacts to business. The partnership support comes in the form of 100 Mitacs internships for COVID-19-specific projects, funded by a $375,000 investment from Innovate BC. The funding infusion from Innovate BC coupled with Mitacs’s leveraged funds offsets the […]
ARTMS Raises $19 Million For Work On Diagnostic Imaging Isotopes
Vancouver’s ARTMS has raised US$19 million in a Series A financing round led by New York based Deerfield Management Company with continued investment from Vancouver based seed investor Global Health Science (GHS) Fund. ARTMS’s flagship product, the QUANTM Irradiation System® (QIS®), provides for cost-effective, decentralized, and local production of important medical isotopes, such as Gallium-68, Zirconium-89, […]
FORM Swim Goggles To Include Open Water Features This Summer
Vancouver’s FORM Swim is updating their augmented-reality display equipped swim goggles to include open water features this summer. Soon swimmers will be able to view real-time GPS performance metrics and heart rate in real-time while swimming outdoors in open water. These features are in addition to the standard performance metrics offered through the FORM goggles in […]
Shopify Unveils Major Product Launches at Virtual Event
Since its inception, Shopify’s mission has always been to solve the biggest problems entrepreneurs face when running a business. Today at Reunite, Shopify announced Balance — a money management solution that is truly designed with a merchant-centric approach. Balance will include a business account, business card, rewards and no monthly fees or minimums. It will allow merchants to manage […]
Tiny Capital’s Andrew Wilkinson On Building Business Without The Pain
Each day, we see a flashy new company being celebrated for raising millions in funding. But what we often don’t see is the messy cap tables, the years of “rise and grind”, the endless quest for profitability, and in many cases, the eventual collapse of even the best teams. But it doesn’t always have to […]