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CTI Life Sciences Fund raises $100 million in first close of third venture fund Montréal-based venture capital firm CTI Life Sciences Fund has raised $100 million CAD in the first close of its third venture fund. The fund’s limited partners include previous investors such as Fonds de solidarité FTQ, Caisse de dépôt et placement du Québec, Investissement Québec and Teralys Capital. Other investors include BDC Capital’s fund investments team. BDC Capital also invested in CTI’s second fund through the federal government’s Venture Capital Action Plan (VCAP). “Never has the life sciences industry been more critical to the health of both people and economies around the world.” ....
Article content Andrew Chau, co-founder of SkipTheDishes Restaurant Services Inc., the Winnipeg-based food delivery platform that was purchased by London-based Just Eat PLC in 2016 for $200 million, doesn’t talk like someone who intends to sell his new venture, which, if everything goes to plan, could mean trouble for Canada’s biggest banks. Chau is now in Calgary, where he, Jeff Adamson, another Skip co-founder, and Kris Read located Neo Financial, a “challenger bank” backed by a list of tech heavyweights, including Peter Thiel’s Valar Ventures and Shopify Inc. chief executive Tobi Lütke. We apologize, but this video has failed to load. ....
Winnipeg Free Press Calls it most business-friendly in country s history Minister Mary Ng joined Economic Development Winnipeg virtually for a Friday afternoon webinar event. Manitobans need not look further than Ottawa’s federal budget to find light at the end of a pandemic-sized tunnel, believes the MP in charge of small business, export promotion and international trade. Manitobans need not look further than Ottawa’s federal budget to find light at the end of a pandemic-sized tunnel, believes the MP in charge of small business, export promotion and international trade. This is the most business-friendly budget in Canadian history, said Minister Mary Ng, joining Economic Development Winnipeg virtually Friday afternoon, after the Liberal government tabled a nearly 700-page fiscal blueprint for the country in the House of Commons this week. ....
Winnipeg Free Press Save to Read Later The dearth of financial investment for Manitoba startups and small firms is expecting a sliver of much-awaited activity. The dearth of financial investment for Manitoba startups and small firms is expecting a sliver of much-awaited activity. Under the federal and provincial budgets, unveiled just one week apart, both Ottawa and Manitoba recognized the need for capital and equity investments to kick-start economic recovery from the COVID-19 pandemic. But stakeholders and business leaders, who believe venture capital incentives or funds could not come at a better time, aren’t so sure the new government initiatives will move many needles. ....