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An American VC Has Been Tasked With Establishing a New Fund in Ottawa
0By: Kuljit Grewal | July 14th, 2012 | Business, News, O Canada
Seasoned VC investor Code Corbitt was in the middle of a yearlong Mediterranean sailing trip with his family when he was contacted serendipitously by Invest Ottawa’s CEO Bruce Lazenby. Although he had never heard of Mr. Lazenby prior to that day, the Canadian’s proposition of creating a Venture fund in Ottawa was enough to entice him. The re...
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Uber Toronto Has Added SUVs to Their Private Driver Repretoire
By: Kuljit Grewal | July 14th, 2012 | Business, Cars, Mobile Apps, O Canada, Smartphones
San Francisco based private driver service Uber was co-founded by a Canadian named Garrett Camp (of StumbleUpon fame), and had recently added Toronto to the list of 11 cities that it services. The company, which provides an on demand private driver service, ordered using Smartphones ...
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Could the iPhone 5 be Announced Soon?
By: Kuljit Grewal | July 13th, 2012 | Apple, Business, News, Smartphones
Apple’s hotly anticipated sixth generation iPhone may be available in the very near future according to some buzz permeating throughout the mobile tech blogosphere. It is highly possible that the Cupertino based company might be in a rush to bring their phone to market due to the success and widespread acclaim for the Samsung Galaxy S III, which released in Canada last month. Accord...
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Toronto’s Wattpad Secures $17.3 Million Funding Round
By: Kuljit Grewal | July 13th, 2012 | Business, Mobile Apps, O Canada
Wattpad, a Toronto-based start-up dedicated to the sharing and discovery of written content have secured a significant bit of cash from several U.S. heavyweights thanks to their incredible user engagement and disruptive concept. The company, and more importantly their site have a dedicated community of writers and contributing authors who upload and share thei...
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Kiip May Have Earned a $50 Million Valuation
By: Kuljit Grewal | July 12th, 2012 | Business, Games, Mobile Apps, News, O Canada
According to several sourced across the interweb, Canadian founded Kiip, which is based out of Silicone Valley may have raised anywhere from $8 to $10 million for a 20% equity stake in their burgeoning company. This would indicate a valuation of anywhere between $40 and $50 million. Kiip has revolutionized the way that companies advertise within mobile games, opting t...
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RIM Set to Cease Production of Their 16GB PlayBook
By: Kuljit Grewal | July 12th, 2012 | Business, News, O Canada, Tablets
The news continues to grow bleak for Waterloo’s Research in Motion as their less than stellar stab at the tablet market has left them having to eliminate a member of their PlayBook offering. The company’s struggles to innovate and create products that would wrestle consumers away from industry stalwarts such as the iPad and Samsung Galaxy Tab has put them in a position to make the tough call t...
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Mercedes Benz to Open a Fuel Cell Technology Facility in BC
By: Kuljit Grewal | July 12th, 2012 | Business, Cars, O Canada
One of the most acclaimed names in the automotive industry, Mercedes Benz is investing their hydrogen fuel cell research and production resources into Burnaby, B.C. The aim is to have the facility up and running by the end of this year in order for the iconic brand to develop and manufacture their own line of energy efficient fuel cells to power their passenger vehicles. Although Merc...
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Perfect Storm Causes RIM Shares to Plunge Nearly 18 per cent
By: Kuljit Grewal | July 9th, 2012 | Business, News, O Canada, Smartphones
RIM CEO Thorstein Heis announced that his company’s swing for the fences, theBB10 platform and updated smartphone line up will be delayed until the 2013 calendar year late last month. The fact that RIM elected to use a strategy that relied on their in-house knowledge rather than collaborate with another player in the Smartphone industry is looking more and more like the incorrect choice. The Wat...
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Microsoft’s Stores and Surface Tablets are Coming to Canada
By: Kuljit Grewal | July 8th, 2012 | Business, News, Tablets
Last month Microsoft unveiled their new Surface Tablet, which has garnered quite a bit of positive hype following CEO Steve Ballmer’s formal announcement. Since then, several sources including the Toronto Star have reported that Microsoft will also be opening their first ...
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Ayoudo, Vancouver’s Help Website is Set to Launch Across Canada
By: Kuljit Grewal | July 1st, 2012 | Business, Mobile Apps, News, O Canada, Social Media
Combining features of Craigslist, social networking and eBay, Vancouver-based website Ayoudo is ready to expand to 50 cities across this great nation of ours. The innovate website and app is based around uniting those who are seeking help with those who are willing to provide help. The expansion will begin on the other end of the country in St. John’s, Newfoundla...
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