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Toronto lands on Amazon’s HQ2 short list – and that’s exactly where it belongs: U of T experts

Toronto is one of 20 North American cities – and the only one in Canada – still being considered by online retail giant Amazon for its second North American headquarters. But experts at the University of Toronto say that doesn’t mean T-dot, to borrow a dated moniker, is a long shot – far from it, in fact. “I … Read More

Story-sharing startup founded by U of T alumni raises US$51 million in funding

The crowdsourced entertainment startup Wattpad, co-founded by two University of Toronto alumni, has secured a US$51 million round of financing that it says will be used to invest in machine learning and new forms of interactive storytelling. The funding round, announced Wednesday, was led by Chinese internet giant Tencent Holdings and values the company at around US$400 … Read More

(Not) as seen on TV: Why one U of T entrepreneur balked at a Dragon’s Den deal in favour of ‘organic’ expansion

Noureddin Chahrour’s successful 2015 appearance on CBC’s Dragon’s Den was a key turning point for his research-based startup Adrenalease Posture Apparel – but not in the way you might think. Chahrour, a University of Toronto alumnus, agreed on-air to hand over 30 per cent of Adrenalease, which makes posture-enhancing garments, in exchange for $90,000 from … Read More

TD Bank embraces AI future with purchase of startup built by U of T alumni

One of Canada’s biggest banks has purchased a promising artificial intelligence, or AI, startup that was co-founded by two U of T alumni and a local lawyer and entrepreneur – further evidence of how big corporations are eager to scoop up the country’s top AI talent. TD Bank said this week that it has agreed to … Read More

TD adds to tech capabilities with $100-million deal for AI firm Layer 6

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How a Toronto app is helping Iranians hack internet censorship

A Toronto-app, which thwarts both firewalls and internet censorship, is reporting a 20-fold increase in users in the spans of five days, almost all of the new users hailing from Iran, where internet access has been blocked by the government. Psiphon is a decade-old app invented in the Citizen Lab, a research institution part of … Read More

Garages are for cars, not startups: U of T’s Joseph Orozco in the Globe and Mail

The mythology of the successful tech startup usually involves a novel idea, a brilliant dropout and a grubby garage. But Joseph Orozco, executive director of The Entrepreneurship Hatchery at the University of Toronto, says the reality is often much different. “Not all entrepreneurs are brilliant misfits toiling away over stale pizza and cold coffee in makeshift … Read More

Tiny condo, no storage space? Valet service will store your stuff

Mark Ang is too young to have many skeletons in his closet, but he’s super keen on carting away whatever extra stuff you can’t fit into yours. The 22-year-old Toronto entrepreneur came up with the idea for an online storage solution called Second Closet when he and his older brother David, 23, moved into a … Read More

It’s time to bring entrepreneurs out of the garage

The legends of successful startups have become the stuff of Hollywood storylines: Steve Jobs and Steve Wozniak hacking together the first Apple computers in Mr. Jobs’s garage; Mark Zuckerberg building Facebook in his dorm room; and Jeff Bezos launching Amazon out of his – you guessed it – garage. But not all entrepreneurs are brilliant … Read More

The Top Seven Startups For Souped-Up Senior Care

By 2060, over 98 million Americans will be over 65 years old — that’s 24% of the population. No doubt a large number of these folk will also be in jobs – around 27% of men over 65 years old are predicted to be working in 2022. That shows an obvious need for companies that … Read More