🏙️ $20M for Burnaby businesses

Plus, learn about major announcements from anchor companies Absolute Software, General Fusion, and Science World.

A short week means less news, right? Not for Vancouver tech.

This week, local anchor company Absolute Software was officially acquired by Crosspoint Capital, General Fusion received $33.5 million in a series F round to build a new fusion reactor new YVR airport, and the Government of Canada announced $20.8 million in funding for Burnaby businesses. All that to say: local companies are on the grind, and don’t let up after a long weekend.

Oh — and Vancouver Tech Journal is making moves too. We’re bringing an incredible guest to town next month that we can’t wait to reveal to you. Stay tuned in the next couple of weeks for a very special announcement.

Now onto today’s briefing. It’s 1,208 words: a four-minute read.

-Kate, @KateWilsonSays

- P.S. We’re back on Tuesday for our Vancouver Tech Morning Coffee. Join us and your community at the Coffee Bar in Gastown (10 Water Street) from 8:00 to 10:00 a.m.

- P.P.S. If someone else sent you this, you can subscribe right here, right now. If you’re already subscribed, become a member for only $8.25 a month (and you can ask your boss to expense it.)

General Fusion machine to be built at Vancouver International Airport

The company has raised $33.5 million to fund the machine, which it hopes will produce more energy than is consumed for the reaction by 2026.

Metro Vancouver is known as the Silicon Valley for hydrogen fuel cells. But with stiff international competition for customers, the advantage could be Vancouver’s to lose.

The link-up taps into Tabit’s buy now, pay later solution.

Plus, find out which CEO made Forbes’ Cloud 100 Rising Stars 2023. Read our top member briefing from last week (members only)

Helping innovators and changemakers tell their stories

Switchboard Public Relations – an Earnscliffe Strategies company works with some of the most progressive and innovative teams in the tech sector.

Tech leaders know their products and services are brilliant, but sometimes need help explaining why they matter and how they will create positive change. Switchboard communicates game-changing ideas to target audiences in a way that’s accessible and exciting.

Is your team on a mission to disrupt the status quo? See how the country’s top tech PR firm can help you.

🤝 Funding and deals

The Metro Vancouver Region’s “Untapped” Opportunity

Recent dry conditions and unprecedented heat waves in Metro Vancouver and beyond highlight the need for innovation in industries such as water tech, a hidden gem of the region’s clean tech sector.

Read Invest Vancouver’s research for an overview of the sector and recommendations for capitalizing on this untapped opportunity.

🗞️ In other news

Webinar: Working for a US Company? Relocate to Canada with VanHack

Hosted by VanHack CEO Ilya Brotzky, this upcoming webinar will explain how the process works and what you need to do to be eligible for it.

You'll learn:

- How the visa process works and what is needed

- How to present this program to your U.S. employer

- What is required from you and the U.S. company

Join VanHack on the webinar to get all your questions answered. Register now.

💡 Ideas and insights

Get your company in front of 24,000+ Vancouver tech professionals

Advertise with Vancouver Tech Journal to get your brand seen by the heavy-hitters of Vancouver innovation. Learn more or get in touch today.

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