Time Warner invests $12M in You.i TV

As published in the Ottawa Business Journal:
The investment arm of one of the world’s largest media companies has thrown its weight behind a rapidly growing Ottawa technology firm.

You.i TV said Tuesday that it’s received a $12-million series-B funding round led by Time Warner Investments. Other investors included Vistara Capital Partners as well as existing backer Kayne Anderson Capital Advisors.

Read the full story here.

Toronto's Film Industry is Booming

As reported in Bloomberg Technology:
A woman in scrubs hustles a patient out of a hospital in a wheelchair and into a waiting black SUV, her face a knot of anxiety. Suddenly she sees someone and turns to leap into the car.

“Cut!” calls out a director on the Entertainment One Ltd. production “Mary Kills People” -- and immediately the real-life bustle of an afternoon commute resumes on the leafy Toronto street. A police officer lets through a held-up streetcar and pedestrians begin to navigate around cameras, electrical cables and lighting booms. Film shoots have become so common in Canada’s biggest city that hardly anyone bats an eye at the commotion all around them.

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Enbridge Inc deal to buy Spectra creates ‘energy infrastructure colossus’ with $48 billion of future projects

From the Financial Post:
CALGARY — Enbridge Inc.’s $37-billion merger with Spectra Energy Corp. will create a new integrated pipeline “colossus” with a massive $48 billion worth of potential future projects.

Calgary-based Enbridge announced Tuesday it would merge with Houston-based Spectra in an all-share deal to create the largest pipeline company by market value on the continent — leapfrogging competitor Kinder Morgan Inc.

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Ross Video buys two firms, including Ottawa-based Coveloz

As reported in the Ottawa Business Journal:
Ottawa's media technology firm Ross Video continues to grow through acquisitions after purchasing a pair of companies, including Ottawa-based Coveloz Technologies.

It’s the latest purchase for the firm, whose technology generates on-screen graphics for clients such as Super Bowl broadcasters and helps advertisers know what people are watching. Over the last three years, Ross Video has acquired firms in Virginia, Florida and Wisconsin, among others.

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GE Healthcare licenses STEMCELL Technologies' T-Cell reagents

UK-based GE Healthcare has reached an agreement with Vancouver's STEMCELL Technologies Inc. to license the company's T-Cell reagents for commercial-scale cell therapy production. Under the agreement, GE Healthcare will commercialize cGMP-grade versions of STEMCELL Technologies' T-Cell reagents for the isolation, activation, and culture of T-cells in clinical applications, which are critical tools in the development and manufacturing of cell and gene therapies intended for administration to patients. GE has made other significant investments in the rapidly growing cell therapy and regenerative medicine industry this year, including a US $31.5 million co-investment with the Canadian government to create BridGE@CCRM for the acceleration of cellular technologies.

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Innovative Targeting Solutions teams up with Johnson & Johnson Innovation

Biotechnology Focus reported that Vancouver-based biotech firm Innovative Targeting Solutions (ITS) has entered a research collaboration with San Francisco-based Janssen Biotech, a Johnson & Johnson subsidiary under which the companies will use ITS's proprietary HuTARG research platform to discover antibody candidates useful for modulating immune responses in autoimmunity or cancer. The HuTARG protein engineering platform engineers both T-cell receptors and fully human antibodies that bind major histocompatibility complex (MHC)/peptide complexes displaying fragments of intracellular proteins of interest. Paul Kang, CSO of Innovative Targeting Solutions Inc., says "the ability to target MHC/peptide complexes opens up an important untapped area for targeted therapy."

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Amazon’s hot new Ottawa hire staying put to build Echo team

As reported in the Globe and Mail:
There has been much teeth-gnashing over the years about the great brain drain of smart, accomplished Canadians to the United States for marquee jobs with big tech firms. But with global tech sector talent in such hot demand, several Canadians have shown that, if you hold out in the face of a motivated bidder for your services, the brain drain can not only be plugged, but reversed. Tech giants such as Microsoft, Yahoo, TripAdvisor and Google are willing to not only keep coveted Canadians where they are, but let them build and manage teams in their local markets.

That appears to be happening in Ottawa, where Amazon has opened an office and is on a hiring spree.

Read the full article here.

Apple taps Ottawa talent to assist in developing software for self-driving car

Bloomberg reports that Apple Inc. has hired the former head of BlackBerry Ltd.’s automotive software division as new leadership at the iPhone-maker’s car team places increased emphasis on developing self-driving technology, according to people familiar with the project.

Dan Dodge, the founder and former chief executive officer of QNX, the operating system developer that BlackBerry acquired in 2010, joined Apple earlier this year, the people said. He is part of a team headed by Bob Mansfield, who, since taking over leadership of the cars initiative -- dubbed Project Titan -- has heralded a shift in strategy, according to a person familiar with the plan. 

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First RESI conference at MaRS draws hundreds of investors to Canada

For the first time in its history, Life Science Nation’s popular Redefining Early Stage Investments (RESI) conference has been staged outside the U.S.

Organizers chose the MaRS Centre in Toronto to host the event – and it provided a potent sign of the city’s growing stature as a biotech hotspot. More than 220 investors, who together managed over $5 billion in investable assets, came to explore the opportunities among Canadian startups and meet the 200-plus fundraising executives present.

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Stampede Investment Forum attracts top international delegates to Alberta

The Stampede Investment Forum is where hospitality and opportunity happen.

The fourth-annual investment conference held in conjunction with the Calgary Stampede attracted close to 70 senior level delegates from a dozen countries. The three-day conference focused on opportunities in Alberta in oil and gas, petrochemicals, renewables, agribusiness and tourism.

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Montreal aerospace industry attracts over $30 million in investments and adds 106 jobs

Farnborough, United Kingdom, July 12, 2016 – Advanced Powders & Coatings (AP&C), a subsidiary of Swedish firm Arcam AB, has decided to expand its operations and build a second plant in Greater Montréal. The company, which specializes in the manufacturing of metal powders for industrial sectors such as aerospace, already employs close to 85 people in Boisbriand and plans to invest approximately $31 million in a new, more automated facility that will increase capacity and create 106 new jobs over the next three years. More than half of the new hires will start in 2017. 

AP&C benefited from the support and advice of Montréal International and the Ministry of Economy, Science and Innovation in moving its expansion project forward.

Click here to read full press release.

Finland-based Nokian Tyres to Open Distribution Center Near Montreal

In an effort to expand its distribution in North America, Finland-based Nokian Tyres is opening its first distribution center in Canada, located outside of Montreal in the city of Longueuil, in September. The 130,000-square-foot facility is Nokian’s sixth distribution center in North America.

“Expanding our distribution network, especially in Canada, is an important step as we increase operations throughout North America,” said Tommi Heinonen, president of Nokian Tyres North America. “We will continue to grow our footprint and product offerings as we move forward.”

The facility can store up to 200,000 tires and will initially receive about 20 shipments per week with distribution set to begin in September, Nokian said. The distribution center will service the local Quebec market, as well as across Canada and the United States.

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Expertise in secure software brings German automotive giant Bosch to Waterloo Region

The German automotive giant Bosch Group has opened an office in Kitchener, Waterloo Region that will focus on a rapidly growing sector in the Internet of Things — cyber-defence solutions for cars.

ETAS Embedded Systems Canada Inc., a wholly owned subsidiary of the Bosch Group, has opened its office in the Breithaupt Block with three engineers, but it expects the staff complement will grow.

"I see the potential in the next five years of going up to 100 people," said Friedhelm Pickard, ETAS president and chair of the management board.

Waterloo Region's expertise in embedded security systems made it more attractive to the German carmaker than Silicon Valley, Pickard said Friday.

The turnover of talent among Silicon Valley tech companies does not give Bosch confidence it will find the expertise the company needs, he said. On the other hand, Pickard said they were very impressed with the quality of students in the region.

Waterloo Region also is central to the North American market, and has an abundance of talent coming out of the University of Waterloo, Wilfrid Laurier University and Conestoga College.

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Ottawa-based QNX reaches 50-million milestone for units shipped


QNX, the Ottawa-based subsidiary of Blackberry announced this week that it has hit 50 million shipped automotive systems to automakers including Fiat-Chrysler, Ford, GM and Honda.

“Almost 20 leading automakers now use QNX acoustics software to enhance the user experience of their vehicles, in products such as Chrysler Uconnect, Ford SYNC3, GM OnStar and Honda BlueConnect. On average, QNX acoustics software is shipped in an automotive system every 2.5 seconds,” said the company.

QNX first partnered with Apple in the early 2000s to connect iPods to Mercedes. 

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German multinational company Bayer invests $24 million in new 21,500 sf² wheat breeding station in Saskatoon Region

It is a major milestone for Canadians and the entire world. A new state-of-the-art wheat breeding station just outside of Saskatoon has officially opened. Now complete, the facility features laboratories, workshops, office space and 480 acres dedicated for field work. Officials would not say how much the wheat breeding station cost but that $24 million has been invested by Bayer from 2012 to-date across the country.

Agriculture is a strategic pillar in the growth and sustainability of the rural economy in Canada. Eight billion dollars worth of wheat is exported every year, and Demand for wheat is rising at double the rate of what is being produced and the worldwide population is expected to top 10 billion by 2050. 

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