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Microchip acquires high-level synthesis tool provider LegUp to simplify development of PolarFire® FPGA-based Edge Compute Solutions

Microchip Technology Inc. (Nasdaq: MCHP) today announced it acquired Toronto-based LegUp Computing Inc., expanding its Field-Programmable Gate Array (FPGA)-based edge compute solution stack with a high-level synthesis (HLS) tool. Commercialized from University of Toronto research, the LegUp HLS tool will make it easier for a larger community of software engineers to harness the algorithm-accelerating power … Read More

A successful exit for U of T startup, LegUp Computing, acquired by Microchip

Microchip Technology Inc. (Nasdaq: MCHP) today announced it acquired Toronto-based LegUp Computing Inc., expanding its Field-Programmable Gate Array (FPGA)-based edge compute solution stack with a high-level synthesis (HLS) tool. Commercialized from University of Toronto research, the LegUp HLS tool will make it easier for a larger community of software engineers to harness the algorithm-accelerating power … Read More

AmacaThera to commence Phase 1 clinical trial for non-opioid, post-operative pain management

AmacaThera Inc. is pleased to announce approval from Health Canada to proceed to a Phase 1 clinical trial with its lead asset, a long-acting anesthetic formulation for the treatment of post-surgical pain. “This huge milestone was achievable due to all of the hard work and the relentless nature of the AmacaThera team,” co-founder and CEO … Read More

U of T ranked Canada’s most innovative university by Maclean’s magazine

The University of Toronto is the top university in Canada for spurring innovation, according to the latest Maclean’s national reputational rankings.

U of T startup Empower Health launches a service that helps patients find health care providers that have doses of COVID-19 vaccine available

Ryan Doherty, president and founder of Empower Health, a company that helps people access health care services, also sees potential in drive-through clinics, and expects them to pop up across the country in coming weeks.

Canada’s Top School for Reputation 2021: University of Toronto

This marks the University of Toronto’s sixth straight year atop the Maclean’s ranking as Canada’s top school by reputation.

Phenomic AI launches with $6 million financing and an AI/ML platform for targeting the tumor stroma

Phenomic AI, a biotech using AI/ML to reveal drug targets that emerge from cell-cell interactions and drive novel antibody drug discovery for challenging diseases, today announced the official launch of the company with US$6 million seed financing. The financing was led by CTI Life Sciences Fund and joined by AV8 Ventures, Luminous Ventures, and Viva … Read More

Janpix secures US $10M Series B led by Medicxi

Co-founded by Dr. Patrick Gunning, Professor of Chemistry at the University of Toronto Mississauga and a Canada Research Chair in Medicinal Chemistry, Janpix is a biotechnology company developing monovalent small molecule protein degraders of STAT proteins as novel therapeutics.

ICUBE grant-winning business turning food waste into wearables

ALT TEX is one of three ICUBE-affiliated companies—out of a total of 14 winners connected to U of T’s ecosystem of 11 business accelerators—receiving grants from the Lo Family Social Venture Fund. The fund champions U of T students or recent graduates with ideas for promising social enterprises that could have a global impact.

Phenomic AI Launches with $6 Million Financing and an AI/ML Platform for Targeting the Tumor Stroma

TORONTO & BOSTON–(BUSINESS WIRE)–Phenomic AI, a biotech using AI/ML to reveal drug targets that emerge from cell-cell interactions and drive novel antibody drug discovery for challenging diseases, today announced the official launch of the company with US$6 million seed financing.