technology Archives · The Victoria Post https://thevictoriapost.com/tag/technology-2/ Canada Unfold Sat, 06 Apr 2024 13:51:25 +0000 en-US hourly 1 https://thevictoriapost.com/wp-content/uploads/2022/11/cropped-The-Victoria-Post-Favico-32x32.png technology Archives · The Victoria Post https://thevictoriapost.com/tag/technology-2/ 32 32 Donald Trump Media Firm Soars in Stock Market Debut https://thevictoriapost.com/donald-trump-media-firm-soars-in-stock-market-debut/ Fri, 05 Apr 2024 13:18:17 +0000 https://thevictoriapost.com/?p=6913 Shares in Donald Trump’s media company soared as the firm made its formal debut on the stock market.…

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Shares in Donald Trump’s media company soared as the firm made its formal debut on the stock market.

Shares surged past $70 in early trade, giving the firm a market value of more than $9bn. They ended the day at about $58, still up more than 16%.

The long-awaited moment will inject more than $200m into Trump Media & Technology Group and hands the former president a stake worth more than $4bn.

Analysts say that is far more than the firm’s performance warrants.

Trump Media’s Truth Social, a Twitter-like service, brought in just $3.3m in revenue in the first nine months of last year and lost nearly $50m.

It says 8.9 million accounts have been created since the platform launched to the general public in 2022 as an alternative to mainstream sites such as Facebook, but it is not clear how many are active.

By comparison, the recently-listed Reddit currently has a market value of about $11bn. It boasts more than 70 million users and brought in $800m in revenue last year.

Kristi Marvin, chief executive of SPACInsider, compared Trump Media – which trades under the ticker DJT for Mr Trump’s initials – to a meme stock, in which prices are untethered from the business prospects.

Interest in Trump Media has also been fuelled by individual investors, as opposed to Wall Street firms, many of them apparently Trump supporters.

“Everybody expected to trade a little bit crazy today, which it has,” she said. “The real question is how does it trade a week from now, two weeks from now and nobody really knows.”

The deal to list Trump Media was first announced in 2021.

The move was accomplished via what is known as a SPAC, a merger with a publicly listed shell company, Digital World Acquisition Corp, which was expressly created to buy a company and take it public.

The deal was delayed by government investigations and other hurdles, but regulators cleared it earlier this year and Digital World shareholders voted in favour last week.

Ahead of the listing on the Nasdaq exchange, Trump Media officials called it a “pivotal moment” for the firm – and the wider media landscape.

“As a public company, we will passionately pursue our vision to build a movement to reclaim the Internet from Big Tech censors,” said Trump Media chief executive Devin Nunes, a former congressman.

“We will continue to fulfil our commitment to Americans to serve as a safe harbour for free expression and to stand up to the ever-growing army of speech suppressors.”

The debut comes at a critical moment for Mr Trump, who has been scrambling for cash to pay legal penalties and owns more than half of the firm’s shares.

He is currently barred from selling his holdings for about six months, making it difficult for him to tap the windfall immediately.

The company’s board, which is stocked with allies including one of his sons, could potentially change that rule, but analysts have said they think that would be unlikely to happen immediately.

If Mr Trump were to sell a significant chunk of his shares, it could hurt the share price.

Investors face other risks as well, tied to Mr Trump’s political fortunes and his 2024 presidential campaign.

A loss might be expected to hurt the share price, but a win could have the opposite effect, especially if it generated further demand from buyers hoping to curry favour with Mr Trump, said Michael Ohlrogge, a law professor at New York University.

However, Prof Ohlrogge said the current share price is “far, far elevated above what anyone would consider its fundamental value”.

Source: BBC

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Nanorobots Successfully Tested in Combating Cancer https://thevictoriapost.com/nanorobots-successfully-tested-in-combating-cancer/ Sat, 20 Jan 2024 06:12:24 +0000 https://thevictoriapost.com/?p=6816 Researchers from the Institute for Bioengineering of Catalonia (IBEC) have unveiled a groundbreaking study with the potential to…

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Researchers from the Institute for Bioengineering of Catalonia (IBEC) have unveiled a groundbreaking study with the potential to transform bladder cancer treatment. 

Their innovation? Tiny nanorobots, almost science-fictional in nature, which have demonstrated remarkable effectiveness in reducing bladder tumors by a staggering 90% in mice. 

The team has published their findings in the peer-reviewed science journal Nature Nanotechnology. In this article, we’ll delve deeper into the details.

An image of the nanorobots created via transmission electron microscopy . – Image Credit: Institute for Bioengineering of Catalonia (IBEC)

A NEW HOPE FOR BLADDER CANCER PATIENTS

Bladder cancer, a prevalent disease especially among men, has long been a challenge for medical professionals. While not as deadly as some cancers, its tendency to reappear makes treatment expensive and stressful for patients. Now, hope glimmers on the horizon with the advent of these microscopic marvels.

HOW DO THESE NANOROBOTS WORK?

Imagine tiny machines, no bigger than a grain of sand, traveling inside the body. These nanorobots are powered by urea, a substance found in urine, allowing them to move precisely to their target – the cancerous tumor. What’s more, they carry a special type of radiation that directly attacks the tumor cells.

This innovative approach is not only more effective but also less invasive compared to traditional treatments. Currently, bladder cancer patients often undergo multiple treatments involving direct drug administration into the bladder. This new method could significantly reduce hospital visits and the overall cost of treatment.

FROM LAB MICE TO HUMAN TRIALS

The research, led by the Institute for Bioengineering of Catalonia, has achieved remarkable results in mice. With just a single dose of these nanorobots, bladder tumors were reduced by 90%. The next step is to see if this success can be replicated in human trials.

These nanorobots have an edge over current treatments: they can reach every part of the bladder, ensuring no area is left untreated. This is a significant improvement, as current treatments require patients to frequently change positions to ensure the medicine reaches the entire bladder.

FUTURE PROSPECTS

This study isn’t just a scientific triumph; it’s a launchpad for practical applications. The technology behind these nanorobots has led to the creation of Nanobots Therapeutics, a company dedicated to bringing this innovation to the public. With substantial funding already secured, the future looks bright for this life-changing technology.

While there’s still a road ahead before this treatment becomes widely available, the potential is enormous. This research is not just about battling bladder cancer; it’s a beacon of hope in the ongoing fight against all cancers. As science and technology continue to advance, we edge ever closer to a world where cancer could be a thing of the past.

We have placed a link to the publication in Nature Nanotechnology below this article for those interested in more details about the underlying research.

Source: Universal-Sci

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Dutch Regulator Urges Companies to Prepare for EU’s AI Act https://thevictoriapost.com/dutch-regulator-urges-companies-to-prepare-for-eus-ai-act/ Thu, 16 Nov 2023 19:31:11 +0000 https://thevictoriapost.com/?p=5791 Companies should start preparing for the European Union’s (EU) Artificial Intelligence (AI) Act, expected to be passed later…

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Companies should start preparing for the European Union’s (EU) Artificial Intelligence (AI) Act, expected to be passed later this year, said a top official from the Dutch Authority for Digital Infrastructure (RDI) on Thursday.

RDI Inspector General Angeline van Dijk made the call as she delivered a speech on “A European Approach to Artificial Intelligence,” at the 2023 World Summit AI (WSAI), an annual event launched in 2017 for tech leaders to discuss the latest global AI developments. The theme of this year’s WSAI is “AI on the Brink: Shaping the Future of Humanity.”

Van Dijk provided insights into the expected timeline for the AI Act, the EU’s first legislative framework on AI development and deployment across Europe.

“From a market perspective, understanding the timeline of the AI Act is crucial for strategic planning,” she said.

Under Spain’s leadership, the final text of the AI Act should be established this year, with ratification anticipated by the following spring. However, the act’s standards are expected to be implemented around 2025, and full enforcement may not happen until 2026 or 2027.

“The AI Act is a significant step of providing a blueprint for responsible AI development and deployment across Europe,” van Dijk said.

In her speech, she announced a joint initiative on AI supervision by the European Commission, the United Nations Educational, Scientific and Cultural Organization (UNESCO), and the Netherlands.

“Our joint initiative aims not only to enhance AI’s supervisory capabilities, (but) also to support all European AI oversight bodies. And together our goal is to ensure responsible AI development and deployment across Europe,” she said.

The AI Act, van Dijk explained, takes a risk-based approach, strongly regulating high-risk AI practices while affording more flexibility to less risky applications.

She underlined that companies should start preparing for the AI Act immediately, as the building of an AI ecosystem requires support from all sectors, including governments, scientists, and private industry.

She also emphasized the need for leaders to understand and engage with AI, in order to make more informed decisions about its applications and implications.

Source: Xinhua

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Canada Empowers Black Entrepreneurs With Clean Tech Funding https://thevictoriapost.com/canada-empowers-black-entrepreneurs-with-clean-tech-funding/ Thu, 09 Nov 2023 09:12:00 +0000 https://thevictoriapost.com/?p=5944 Decarbonization and fighting air pollution are of central focus in Canada, as the nation works to meet its commitment to…

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Decarbonization and fighting air pollution are of central focus in Canada, as the nation works to meet its commitment to reach net-zero emissions by 2050. In an effort to diversify this movement, the Federation of African Canadian Economics (FACE) is administering the $160 million Black Entrepreneurship Loan Fund. Under the Macro Loan Program, eligible Black-owned businesses can seek up to $250,000 for capital investments, including clean transportation vehicles and refueling and recharging equipment. Working capital and short-term receivable financing loans are also available.

FACE is working with the Government of Canada, the Crown corporation Business Development Bank of Canada, and financial institutions like credit unions to deliver these loans. This program is cross-sectoral with public-private partnerships at the heart of FACE’s work.

Favorable funding for Black entrepreneurs in Canada could not be timelier given the nation’s clean transportation and energy revolution. Budget 2023 announced five key Clean Investment Tax Credits totaling more than $60 billion over the coming decade. Energy Minister Jonathan Wilkinson announced Canada’s Carbon Management Strategy at the end of September from the International Energy Agency in Paris, France.

FACE adds to this tapestry of funding and policy programs and offers Black-led businesses in Canada flexible loan terms, allowing eligible entities up to 12 months postponement of principal payments with a loan tenor of up to seven years. The program will charge interest for up to 12 months, while fees, rates, and terms are subject to the borrower’s credit rating.

Clean transportation stakeholders looking to enhance their value chain by way of inclusive diversity supplier initiatives can see this opportunity as a boon to their efforts. Michigan State University recently reported on the profound financial benefits for companies investing in minority-run businesses. Large Canadian businesses can work with Black-owned companies to apply for this program.

Diverse and inclusive financing is essential, as Black Canadians face considerable obstacles in the entrepreneurial ecosystem: 75% of Black Entrepreneurs feel their race has made success as an entrepreneur more elusive, per the African Canadian Senate Group. Statistics Canada reports that average investment in White-owned businesses is more than three times greater than that of Black businesses in terms of physical capital.

Stark differences along racial lines render FACE’s loan program essential amid Canada’s clean energy innovation movement. More equitable lending will allow the best and brightest entrepreneurs to contribute to the nation’s decarbonization goals.

Expanding access to capital with an inclusive approach is crucial as the clean energy revolution unfolds in real time from coast to coast and country to country. Investment, technology, and public policy tailwinds are accelerating Canada’s move toward sustainable energy and transportation. Canada is clear in its intention to fund for new ventures that address climate change. Black-led businesses focused on clean technology, sustainability, and decarbonatization should contact FACE’s Support Team.

Could your firm, agency, or organization use support in navigating the incentives, regulations, and policies coming to your fleet due to these new policies?

GNA, North America’s leading clean transportation and energy consulting firm, is here to help. Reach out if you would like to strategize around environmental justice and clean transportation. Here’s to a season full of transformational clean transportation — and human — investment.

Source : Advanced Clean Tech News

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Transport Canada Streamlines Local Municipalities’ Ability to Regulate Water Navigation https://thevictoriapost.com/transport-canada-streamlines-local-municipalities-ability-to-regulate-water-navigation/ Sun, 05 Nov 2023 06:37:00 +0000 https://thevictoriapost.com/?p=5911 Transport Canada has streamlined the ability of local municipalities to regulate water navigation. In an announcement given at…

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Transport Canada has streamlined the ability of local municipalities to regulate water navigation. In an announcement given at Camp Massawippi in Ayer’s Cliff, Jacques Demers, Mayor of Sainte-Catherine-de-Hatley and President of the Quebec Federation of Municipalities, Elizabeth Brière, MP for Sherbrooke, Marie-Claude Bibeau, MP for Compton-Stanstead and Minister of National Revenue, and Pascale St-Onge, MP for Brome-Missisquoi and Minister of Canadian Heritage spoke on the topic to a crowd of around 50 people, with many local politicians and representatives of organizations present.

Brière spoke a few introductory words and introduced Bibeau.

“It has been exactly seven years and one month that we have worked on this,” Bibeau said. We are trying to do everything in our power to allow municipalities in the region to regulate the navigation on their waterways, she continued, for security reasons and to protect the environment.

“We have worked hard… and persevered,” she went on. The former regulations were too long and too complex. Transport Canada has proposed some new modifications to modernize these regulations, which have recently received “royal sanction”. These modifications render the municipalities’ role clearer and improve the speed at which their demands will be consulted.

It is now easier and faster, she reiterated, for local relevant groups to put navigation restrictions in place on the waterways under their control. This includes speed limit changes, limiting certain activities on the water and limiting the power of the motors that can be used. These may be permanent restrictions or for specific time periods.

Source : Sherbrooke Record

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Dubai Future Foundation Calls for United Global Front to Develop Generative AI https://thevictoriapost.com/dubai-future-foundation-calls-for-united-global-front-to-develop-generative-ai/ Sat, 04 Nov 2023 08:30:38 +0000 https://thevictoriapost.com/?p=6288 Brussels (3/11 – 34) Dubai is calling for a united front to spur the development of generative artificial…

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Brussels (3/11 – 34)

Dubai is calling for a united front to spur the development of generative artificial intelligence to maximise its potential and reap economic benefits, the chief executive of the Dubai Future Foundation has said.

Countries need to come together to prepare society for the innovation and to help bridge the gap between policies and the advancement of the emerging technology, which has a reported business opportunity of as much as $4.4 trillion, Khalfan Belhoul said at the Dubai Assembly for Generative AI conference on Wednesday.

Mr Khalfan Belhoul, chief executive of the Dubai Future Foundation, called for a united front as the foundation launched the Dubai Generative AI Alliance of global technology companies.

The industries with highest AI potential include banking, software and platforms, energy, communications and media, and health, according to the DFF.

Mr Belhoul made his remarks as the foundation launched the Dubai Generative AI Alliance of global technology companies, which aims to accelerate the adoption of emerging technologies and build one of the world’s most advanced and effective tech-enabled governments in line with Dubai’s digital ambitions.

The collaborative effort should bring together key segments of society, which include policymakers, the private sector, entrepreneurs and students, Mr Belhoul said.

“Regulation is extremely important. We need to understand how can we regulate something as big as generative AI. But we need to get started now and look at the challenges [and] understand the risks,” he said.

“The idea is to come up with some kind of an alliance with different partners from all over the world with clear, tangible outcomes of what needs to be done. Our intention is to continue those conversations, but come up with an alliance that also produces tangible results.”

AI has long been used by businesses in their operations, but it has gained momentum with the advent of generative AI, made popular by Microsoft-backed Open AI’s ChatGPT, which became a sensation as it is capable of producing various kinds of data, including audio, code, images, text, simulations, 3D objects and videos.

Generative AI’s potential in regional economies has already been flagged. GCC countries, for instance, are expected to reap about $23.5 billion in economic benefits by 2030 as investments in generative AI continue to grow, PwC unit Strategy& Middle East said in a report last month.

For businesses, the potential is immense. Generative AI could generate value equivalent to anywhere between $2.6 trillion and $4.4 trillion in global corporate profits annually in 63 use cases where the technology could raise productivity, a recent study from the McKinsey Global Institute said.

Verticals involved in this include interactions with customers, the generation of creative content for marketing and sales, and drafting software code based on natural-language prompts, among many other tasks, it said.

That would increase the value of productivity from AI and analytics by 15 per cent to 40 per cent compared to previous generations of the technology – an amount that would roughly double as generative AI spreads “more diffusely” across the global workplace, the global consultancy said.

Investors put more than $4.2 billion into generative AI start-ups in 2021 and 2022 through 215 deals after interest surged in 2019, recent data from CB Insights showed.

Globally, AI investments are projected to hit $200 billion by 2025 and could possibly have a bigger impact on gross domestic product, a recent study from Goldman Sachs Economic Research showed.

That study also indicated that AI investments will possibly take a few years to have a major impact on the economy, rising from a relatively slow starting point.

The technology could also raise global labour productivity growth by more than 1 percentage point per year in the next decade, according to Goldman Sachs.

The assembly also aims to support companies involved in generative AI, including by connecting them with investors and venture capitalists, as well as helping them work with government agencies, Mr Belhoul said.

“How can we accelerate their ideas so they can become something positive for AI? This is something maybe easier said than done, but entrepreneurs are very ambitious; they need to move fast,” he said.

“They have very high burn rates. They need investment and we need all those components to be the catalyst for them.”

Source

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Canada News Industry Body Backs Google’s Concerns About Online News Law https://thevictoriapost.com/canada-news-industry-body-backs-googles-concerns-about-online-news-law-2/ Tue, 24 Oct 2023 12:54:52 +0000 https://thevictoriapost.com/?p=5867 A Canadian news industry body on Thursday lent support to some of Google’s concerns about a new law…

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A Canadian news industry body on Thursday lent support to some of Google’s concerns about a new law that aims to make large internet companies share advertising revenue with news publishers in the country.

Alphabet’s (GOOGL.O) Google has made a “good faith articulation of legitimate concerns” that the Canadian government should address while finalizing rules to implement the law, said News Media Canada (NMC), which represents Canada’s top newspapers, including the Globe and Mail and the Toronto Star.

“We are in agreement with many of the issues they have raised,” NMC Chief Executive Officer Paul Deegan said in a statement first reported by the Globe.

The Online News Act, part of a global trend to make internet giants pay for news, passed the Canadian parliament in June and the government is finalizing rules that are expected to be released by a Dec. 19 deadline.

Canada tried addressing tech companies’ concerns about the law in draft rules released in September, but Google and Meta Platforms META.O were not convinced.

Google has raised concerns about the law establishing links to news stories as the basis of payment and said the proposed regulations did not address problems like imposing potentially uncapped liability on the company and limits on how it can support the news industry.

“We are aligned that there should be a firm ceiling, rather than a floor on financial liability,” Deegan said in the statement.

NMC also agrees with Google that eligible news publishers must have an online presence and that non-monetary measures such as training and product can be part of the remuneration, Deegan said.

“We will continue to engage those with questions or concerns, including tech giants,” Heritage Minister Pascale St-Onge said in a statement, adding that Ottawa will be reviewing submissions received during public consultation for the draft rules.

Google, in its submission during the consultation, said: “While the government has publicly indicated its confidence that our concerns can be resolved through the regulatory process, unfortunately the draft regulations fail to sufficiently address the critical structural problems with the Act.”

“By establishing linking to news sites as the basis for payment, the Act fails to recognize that the public’s ability to freely find and share links to news content online is critical to free expression, access to information, press freedom, and an informed citizenry,” the company said in an 11-page document made public last week.

Source : Reuters

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New Iphone 15 Leak Reveals Stunning Apple Design Decision https://thevictoriapost.com/new-iphone-15-leak-reveals-stunning-apple-design-decision/ Mon, 16 Oct 2023 02:41:15 +0000 https://thevictoriapost.com/?p=6060 The iPhone 15 Pro and iPhone 15 Pro Max will cost more than any previous iPhone, and we…

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The iPhone 15 Pro and iPhone 15 Pro Max will cost more than any previous iPhone, and we know the reasons why. But now, a new leak has made these increases harder to justify.

A new report from research firm TrendForce has revealed that neither of the iPhone 15 Pro models will receive the storage upgrades widely anticipated. This means Apple will again release the Pros with 128GB of base storage, despite almost all rivals giving their flagships 256GB.

09/13 Update: Apple did have a card up its sleeve. At its official launch event today, the company surprised everyone by keeping the iPhone 15 Pro price unchanged at $999. I did increase the iPhone 15 Pro Max by $100, but as compensation, Apple also increased its base storage from 128GB to 256GB to even out this higher price. If you can afford it (and Apple strongly hinted at major carrier offers to come), the iPhone 15 Pro Max looks like the best model to pick this year.

Instead, Apple will offer 256GB, 512GB and 1TB storage as upgrade options. This is a hugely risky decision. With the iPhone 14 Pro and iPhone 14 Pro Max expected to start at $1,099 and $1,199, respectively, this means prices for 1TB models could be as high as $1,600 for the Pro and $1,700 for the Pro Max.

This will be a blow to iPhone fans after leaks suggested that the Pros’ $100 price increase could be evened out by more generous storage capacities. Moreover, component cost differences between 128GB and 256GB are negligible these days, and the iPhone 15 Pros are expected to ship with 8K video recording, a mode that can eat up to 600MB per minute.

As something of a consolation, TrendForce does agree with leakers that both the iPhone 15 Pro and iPhone 15 Pro Max will ship with 8GB RAM. That’s up from the 6GB in the iPhone 14 Pro models, but memory management was never in question with those phones, so I suspect most users would’ve preferred to see that expenditure go towards more generous storage tiers.

On the flip side, the iPhone 15 Pro or iPhone 15 Pro Max will get significantly more upgrades than standard iPhone 15 models. While the iPhone 15 and iPhone 15 Plus are essentially iPhone 14 Pros at a lower price (A16 chip, Dynamic Island design, 48MP camera), the Pro models have titanium chassis, record-breaking bezels, Thunderbolt 4 USB-C ports and a 3nm A17 chip.

The iPhone 15 Pro Max will also exclusively get Apple’s first 10x optical zoom camera, which is expected to be the biggest selling point in the range. That said, availability of the Pro Max is understood to be extremely limited at launch, with reports claiming it may be delayed by up to a month.

Note: For those unsure about upgrading, a bigger iPhone redesign is tipped for 2024. Maybe, just maybe, Apple will give us more generous storage options then.

Source: Forbes

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LDC-backed DSP Acquires Canada-Based Eclipsys https://thevictoriapost.com/ldc-backed-dsp-acquires-canada-based-eclipsys/ Wed, 11 Oct 2023 12:35:40 +0000 https://thevictoriapost.com/?p=5309 Specialist database, cloud and applications managed service provider DSP has merged with Canada-based Eclipsys Solutions (Eclipsys) to grow…

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Specialist database, cloud and applications managed service provider DSP has merged with Canada-based Eclipsys Solutions (Eclipsys) to grow its Oracle Cloud services offering and expand its geographical presence in North America.

The M&A activity, DSP’s first since LDC invested in the business earlier this month, forms part of the next stage of DSP’s international growth strategy, focused on expansion in North America and Europe. Revenues for the combined group are more than £75m with a staff base of c.250 across the UK, Ireland and North America. As the DSP Group continues to grow its Oracle ground-to-cloud service offering, it now holds over 1,000 Oracle certifications with over 50 Oracle Expertise covering Oracle Database, Oracle Engineered Systems, Oracle Applications and Oracle Cloud Infrastructure.

Founded in 2009 and headquartered in Ottawa, Eclipsys is the only Canada-based certified Oracle Cloud Solutions Provider (CSP). The business specialises in providing tailored services to help customers manage, optimise and modernise enterprise-grade database and IT infrastructure, with deep domain expertise in Oracle Cloud and OCI. Eclipsys is frequently recognised for its outstanding workplace culture and was ranked 3rd Best Workplace in Canada Under 50 Employees by Great Place to Work earlier this year.

“Eclipsys has enjoyed strong growth over the past four years, and is highly regarded for its expertise in Oracle technologies. DSP and Eclipsys share the same core values of customer centricity and putting our people first, and our vision is to build upon this together to expand further into North America.” said Simon Goodenough, CEO DSP

Simon continued: “Eclipsys’ market presence and its excellent reputation for service delivery will enable a mutually beneficial partnership which will help us to unlock complementary services and enhance our customer offering. It’s a privilege to partner with one of the leading employers in Canada and we look forward to combining our deep Oracle domain expertise to deliver excellent outcomes for our customers.”

Michael Richardson, CEO and Co-Founder of Eclipsys, said: “Our focus has been to build a high growth business with a strong foundation, both as Canada’s only certified Oracle CSP and as an exceptional place to work. DSP shares our people-first values and commitment to high customer satisfaction, so they are the perfect partner for us to support our future growth.”

Chris Baker, Investment Director at LDC, said: “Simon and the team at DSP identified Eclipsys as a market-leading business with shared values of delivering excellent customer service and creating a people-led culture. The business combination creates exciting potential and establishes the DSP Group as the industry leader in Oracle Cloud technologies across the UK and Canada. Through complementary skillsets across the Oracle technology stack, combined with unrivalled expertise in Oracle Cloud and OCI, the Group is well positioned to expand its market offering and further enhance its support to customers on their Oracle Cloud journey. We’re proud to have helped the team reach this milestone and look forward to working together in partnership to invest further in overseas expansion.”

DSP delivers innovative support, managed services and consulting for Oracle, SQL Server and Multi-Cloud technology. With LDC’s support, DSP is investing in product development and new technology, including enhancing its cloud services offering for customers.

Source: LDC

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Sue Paish: Collaborative Innovation is The Path to Canada’s Growth and Prosperity https://thevictoriapost.com/sue-paish-collaborative-innovation-is-the-path-to-canadas-growth-and-prosperity/ Tue, 10 Oct 2023 16:47:58 +0000 https://thevictoriapost.com/?p=5215 Telephones, insulin, snowmobiles, peanut butter, sonar, electron microscopes, canola, walkie-talkies, Blackberry and the Canada-Arm. These are Canadian innovations…

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Telephones, insulin, snowmobiles, peanut butter, sonar, electron microscopes, canola, walkie-talkies, Blackberry and the Canada-Arm.

These are Canadian innovations that in many cases changed the world. Even the electric lightbulb, although its innovators could not afford to advance it and thus sold the rights to Thomas Edison. The rest is a history of missed opportunity.

Canadian innovators have long persevered and (usually) quietly, delivered world-changing innovations in an environment that is challenged to celebrate their innovation and impact. Canadian Business Investment in Research and Development (BERD) has steadily declined since the early 2000s when it was 2.02 per cent.

While we cannot change the past, and if we are going to tackle societal challenges in ways that capture opportunity for Canada, we need to create an environment where business is encouraged and inspired. Where investment in Canadian innovation delivers the products and services the world needs, developed and retained here at home. This mindset is the basis of collaborative innovation.

More collaboration, less risk

DIGITAL, Canada’s Global Innovation Cluster for digital technologies, focuses on accelerating innovation through a model that has connected over 1,200 organizations spanning industry, academia, governments and not-for-profits. We focus on technologies that address some of society and industry’s biggest challenges through de-risking investment via results-based co-investment and ensuring the customer voice is at the table.

Since 2018, our members have collectively developed nearly 500 Canadian intellectual property assets; over 150 products and services; upskilled more than 7,000 Canadians into well-paying, high potential jobs; and attracted more than $820 million in investment after completing projects with DIGITAL. These resulting achievements are furthering our advancement towards a net-zero society, building a healthier Canada and creating the digitally skilled workforce Canada needs to win in the digital world.

Move fast, think “big” and deliver

I want to single out a few examples of how DIGITAL is accelerating innovation and inspiring industry to deliver meaningful digital solutions.

To accelerate the rapid delivery of new housing, we’ve joined forces with the Government of B.C. to make B.C. a North American leader in digital construction and permitting through the digitization of the building code. The initiative also focuses on adoption of technologies that accelerate the positive impact of construction and related sectors by working more effectively with regulators.

In collaboration with Dias Geophysical, Fireweed Metals, Simon Fraser University, Mitacs, Microsoft and BHP, Richmond-based Ideon Technologies is pioneering world-leading mining technologies with their “Earth X-Ray.” The subsurface intelligence technology allows mining companies to identify, map and monitor critical minerals down to one kilometre beneath the Earth’s surface, thus reducing ‘hit-and-miss’ drilling and decreasing associated environmental impacts. Four out of five of the world’s largest mining companies, including project partner BHP, are already utilizing this Canadian-made technology at multiple sites around the world.

Led by Simon Fraser University’s Beedie School of Business in collaboration with industry partners such as Vancouver International Airport, RBC, Telus and more than 30 others, industry and academia are investing in large-scale professional education initiatives that are rapidly skilling over 1,000 Canadians for innovation leadership roles. The initiative has already seen a 95-per-cent placement rate with 30 per cent from underrepresented groups, and with the potential to scale and deliver training in up to 70 countries and 30 languages.

Scaling up with diverse investors

There should be no limits placed on the reach and scale of world-changing digital technology, and that’s why the next phase of DIGITAL’s evolution will involve diversifying our investors. Seventy per cent of our co-investments are helping Canadian small and medium-sized enterprises scale-up their R&D. With the support of our consortium, many of these ventures are now ready to go after global applications, customers and markets, yet lack resources amidst current global downturns in VC funding.

There’s an opportunity for new investors to come to a table laden with uniquely robust market opportunities. Collaboratively nurtured and developed by hundreds of Canada’s most innovative minds, these opportunities span technologies such as augmented reality, digital twins, data platforms and AI, all of which are seeing explosive growth. With our partnerships across all levels of government, innovators have unique opportunities to engage directly with the public sector as a customer base.

The examples above are only a fraction of the innovations DIGITAL’s members have developed. To prospective private and public partners with similarly grand ambitions and talent to match – our door is always open and ready to welcome the best and brightest. ⎜

Source: BIV

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