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From: Western Economic Diversification Canada
More than $2.4 million in federal funding through Western Economic Diversification Canada will support business scale-up and productivity in Manitoba.
June 10, 2021 – Winnipeg, Manitoba – Western Economic Diversification Canada
As Manitoba’s economy evolves and recovers from the impact of COVID-19, many small- and medium-sized enterprises in the region are embracing technology to seize new opportunities, become more productive, and stay competitive. Businesses are working hard to maintain skilled workforces that provide good, local jobs and produce top-quality products, while finding opportunities to grow at home and expand abroad.
Today, Terry Duguid, Parliamentary Secretary to the Honourable Mélanie Joly, Minister of Economic Development and Official Languages, and Minister responsible for Western Economic Diversification Canada (WD), announced $2,426,483 in repayable funding for three projects under the Business Scale-up and
Mélanie Joly, Minister, Economic Development and Official Languages, announced $11,513,951 for 11 projects in Saskatchewan under the Business Scale-up and
Today in funding: dcbel, Milk Moovement, Virtual Gurus, MazumaGo, Acorn Biolabs
Five Canadian tech startups have recently secured fresh funding to fuel their growth, including dcbel, Milk Moovement, Virtual Gurus, MazumaGo, and Acorn Biolabs. Here’s the latest on who raised money, how much, from whom, and what they plan to put the new capital toward.
dcbel secures $50 million to bring EV charging tech to market
Montréal-based smart energy startup Dcbel (formerly known as Ossiaco) has secured $50 million ($40 million USD) as it looks to target California and Texas markets.
dcbel’s r16 product allows people to charge their electric vehicles (EVs) at home using solar energy and use EV-stored energy to power their homes. It uses artificial intelligence (AI) to learn users’ energy habits and distribute energy.
Virtual Gurus Raises $1.7M in Funding
Virtual Gurus, a Calgary, Alberta-based talent marketplace that matches businesses with skilled and qualified American and Canadian virtual assistants, raised an additional $1.7M in funding.
Virtual Gurus is receiving more than $980K from Western Economic Diversification’s Business Scale-up and Productivity program. The company has also secured an additional $700K from its very supportive shareholders including Raven Indigenous Capital Partners, the51, and other key investors. This brings Virtual Gurus’ total funding to $2.9M.
The company intends to use the funds to accelerate growth of their technology solution, and begin work in machine learning.
Led by Bobbie Racette, Founder and CEO, Virtual Gurus is a talent marketplace that leverages its proprietary technology to match organizations with virtual assistants whether organizations need a dedicated assistant, special project support, or help with occasional tasks.