Author: BetaKit

Shopify partners with DMZ, Dream Maker Ventures for Black entrepreneurs initiative

Shopify is partnering with Ryerson University’s DMZ as a founding partner of the Black Innovation Initiative, a project that seeks to elevate Black entrepreneurs in Canada. The DMZ has called this the first program of its kind in the country.

“DMZ’s fellowship program will improve access for Black entrepreneurs by providing a new path to success.”

Dream Maker Ventures, the investment arm of Dream Maker Corp., a Toronto-based asset management firm that works across various verticals, is also a key contributor to the initiative. The program has an overall funding goal of $100,000. Through the program, selected founders will receive access to senior growth mentors, investors, experts, workspace, and workshops, which the DMZ said were designed to reflect the experience of Black entrepreneurs.

“We’re committed to changing the face of entrepreneurship because we believe in a future with more voices not fewer,” said Shavonne Hasfal-Mcintosh, diversity and belonging lead at Shopify. “DMZ’s..

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Uber launching engineering hub in Toronto as part of $200 million investment

Uber has announced plans to open an engineering hub in Toronto. The new site will mark its 11th engineering hub worldwide and the first in Canada. This is one, of what Uber said is a five-year $200 million investment aimed to help grow Toronto’s tech ecosystem.

“Uber is creating hundreds of local jobs with a mandate to attract international talent to the local tech economy.”

Uber is looking to accommodate more than 200 staff in the new building, with the goal of eventually expanding that to more than 400 employees. The company said the engineering hub will feature 468 desks, 60 conference rooms, 13 phone booths, two exterior terraces, and a library. The facility is slated to occupy the top five floors of 121 Bloor Street East, near the intersection of Church Street.

“Uber is creating hundreds of local jobs with a mandate to attract international talent to the local tech economy and offer new opportunities for Canadian graduates to find employment at home,” the company said in a sta..

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F|T: The FinTech Times – From crypto winter to crypto weirder

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

Portag3 Ventures creates senior advisory group to help build global FinTech businesses
Portag3 Ventures has announced the creation of its new group of senior advisors, adding six members including industry leaders from Rockefeller Capital Management, RBC, and Google.

Dell Technologies World, Day 3 – Technology’s role in making people happy, an interview with Joshua Jackson, and more
We got a chance to speak with Dell EMC’s new Canadian channel chief and the co-founders of Liquid Media Group, an integrated global studio based in Vancouver, on Day 3 of Dell Technologies World.

Pleo, the multi-card business spending platform, closes $56M Series B
Pleo, the Danish FinTech that offers a “business spending platform” that lets companies easily issue employees with cards and ma..

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Dan Doctoroff stays on message at #CollisionConf Q&A

At a question and answer session at Day Two of #CollisionConf, Sidewalk Labs CEO Dan Doctoroff sat down with BNN Bloomberg’s Jon Erlichman and reiterated his position on concerns surrounding the controversial project that would seek to create a new urban tech environment at Toronto’s Waterfront neighbourhood.

“We actually are not locked into any Google or Alphabet company at all…We expect to be an independent platform for innovation.”

Doctoroff stated that the smart city project will be submitting its final proposal next month, and will negotiate with the federal, provincial, and municipal governments, in addition to the agency overseeing the project, over the following months. Doctoroff said a best-case scenario would see Sidewalk Labs getting an on-the-ground approval for the project by the end of 2020. He added that in this case, Sidewalk Labs would put down its first building by the end of 2023 or early 2024.

As he has stated before, Doctoroff told the #CollisionConf audience t..

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Education platform Coursera to open engineering office in Toronto

Coursera, a Silicon Valley-based education platform, has announced a new engineering office in Toronto. The office will be operated by engineers to accelerate product innovation for Coursera’s enterprise and partner products.

“Toronto is an emerging technology hub, and having a presence in the region positions Coursera to continue our growth.”

Coursera said it plans to hire from Toronto’s engineering talent pool to initially help drive the growth of its enterprise platform, Coursera for Business, which currently allows more than 1,800 companies to access learning content to help their employees gain in-demand skills. The team plans to continue broadening its engineering efforts to support other parts of the business as well.

“I’m thrilled that Coursera, a global leader in online learning, has chosen to open a new office in Toronto,” said Toronto Mayor John Tory. “Toronto’s technology and innovation sector is growing at a rapid speed that has started to attract international brands…

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