Report on Small Business
 

June 7, 2020

 
Report on Small Business Newsletter: Early uptake of commercial rent relief program is lower than expected
 

Nathan Denette/The Canadian Press

  Report on Small Business Newsletter: Early uptake of commercial rent relief program is lower than expected
 

Sarah Efron

 
Small business, entrepreneurship
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With just 16,000 applicants, small business groups say early uptake of the commercial rent relief program has been disappointing

 
The federal government says landlords for only 16,000 of Canada’s nearly 1.2 million small businesses applied for its rent-relief program in the first week, adding fuel to weeks of criticism that the program’s structure is unfair to commercial tenants. Story

 
Venture capital funding set to drop sharply for rest of 2020, industry association says

 
Canadian venture capital activity is set to pull back sharply in 2020 after record levels last year, according to an industry association. Story

 
 
 
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Ritual offers lower-cost service model to hard-hit restaurant sector

 
Three weeks into the pandemic shutdown, Ray Reddy wasn’t sure if his food takeout app provider, Ritual Technologies Inc., would survive Now, the CEO of what was one of Canada’s fastest growing startups is pitching Ritual as a way to help restaurants and cafés survive. Story

 
Otto Motors, Ontario-based maker of autonomous vehicles for factories, raises US$29-million

 
A Waterloo, Ont., robot company whose autonomous vehicles carry materials around factory floors has raised US$29-million in a financing led by Canada’s Kensington Private Equity Fund. Story

 
Vancouver kidney drug developer Chinook Therapeutics seeks Nasdaq listing through merger with U.S. biotech company Aduro

 
For the second time in a week a Canadian drug developer has unveiled plans to list publicly on Nasdaq, the bellwether exchange for biotech companies. Story

 
Montreal’s Vention raises $38-million, joining slew of Canadian startups helping factories automate faster

 
Vention Inc., a rapidly growing Montreal startup that is helping industrial manufacturers speed up the pace of factory automation, has raised $38-million in venture capital led by Georgian Partners. Story

 
 
In case you missed it
 
These investors tapped into Shopify’s growth – by buying companies around it
 

Justin Tang/The Canadian Press

  These investors tapped into Shopify’s growth – by buying companies around it
 

Josh O’Kane

 
Small Business Reporter
 
Full Story
 
This little-known Canadian company is helping employees work from home - and its stock is soaring
 

Nidun Chandrakumar

  This little-known Canadian company is helping employees work from home - and its stock is soaring
 

Brenda Bouw and Sean Silcoff

 
Full Story
 
 
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