Vancouver's Aegis Mobility raised $5-million from West Michigan and Chicago Angel groups. Aegis makes mobile software to prevent distracted driving.
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After a series of stops and starts, as well as lots of VC from Silicon Valley heavyweights, Tiny Speck, a multi-player gaming startup created by Vancouver's Stuart Butterfield, will be closing on Dec. 9.
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Vancouver "superangel" Mike Edwards was named CEO with Intensity Co. Inc. The publicly-traded shell will be renamed LX Ventures, which will invest in angel, seed and series A rounds.
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In Alberta, the new Accelerate Fund received $10-million from Enterprise Alberta, while Calgary's AcceleratorYYC appointed Stephen King as its first entrepreneur-in-residence.
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Why do so many high-potential Canadian startups fail? Mario Thomas argues it's a lack of focus to commercialize inventions.
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After a startup gains some much-welcomed traction, then what? Jason Cohen (aka A Smart Bear) has some advice.
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