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Government of Canada invests in cutting-edge research and the next generation of scientists

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$171.6 million in funding will go to 5 science and research organizations across Ottawa

OTTAWA, ON, May 26, 2024 /CNW/ – Canada’s scientists and researchers are working to solve some of the world’s greatest challenges for the benefit of us all. Their innovations and discoveries are the foundation of Canadian economic growth and prosperity, as well as the health and well-being of people in Canada. That is why the Government of Canada continues to make investments to boost research and innovation and ensure Canada remains a leader in research and new technologies.

Today, the Honourable Jenna Sudds, Minister of Families, Children and Social Development on behalf of the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, and the Honourable Mark Holland, Minister of Health, highlighted up to $171.6 million in funding for third-party science and research organizations through the Strategic Science Fund. The funding will support 5 organizations in Ottawa, as announced in December 2023, and was awarded through a new competitive, merit-based and transparent process, informed by the advice of an independent expert review panel. The organizations include:

Actua – up to $38.4 millionArcticNet Inc. – up to $32.5 millionBioCanRx – up to $38 millionCanadian Association of Science Centres (CASC) – up to $14.2 millionStem Cell Network (SCN) – up to $48.5 million

These organizations span Canada’s science and research landscape and are making contributions in a range of crucial areas, including researching and developing health care solutions, supporting Indigenous inclusion and research, addressing climate change, supporting Arctic science and research, making advancements in emerging technologies such as quantum computing and artificial intelligence, promoting STEM education among young people, and facilitating learning and training opportunities for post-secondary students.

Quotes

“The Government of Canada is proud to be investing in science and research organizations that play a vital role in Canada’s research ecosystem. The government’s ongoing support for science and research, including through the Strategic Science Fund, is helping to cement Canada’s position as a world leader in innovation, and will ensure a better quality of life for all Canadians.”
– The Honourable Jenna Sudds, Minister of Families, Children and Social Development

“Science and research are the cornerstones of Canada’s economic well-being and progress. Canada’s researchers work to expand our understanding of the world, and they generate new ideas to solve some of the biggest challenges of our time. With this investment through the Strategic Science Fund, the Government of Canada is continuing its support for world-class, cutting-edge research and for those who work to inspire and train the next generation.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

“By investing in health organizations through the Strategic Science Fund, we are advancing Canadian research and knowledge that will improve health outcomes across the country. This funding supports innovative medical treatments, advanced biotechnological applications, genomic science, regenerative medicine, and research into cancer and brain health. By deepening our understanding of health challenges and supporting science-based solutions, we are investing in the well-being of people in Canada.”
– The Honourable Mark Holland, Minister of Health

“This investment will allow us to harness our home-grown expertise in diverse fields of research such as cancer and STEM cell technology, climate change, and artificial intelligence. Developments in these fields are critical to improving the quality of life of all Canadians, while also bringing in over $171 million to research and development right here in Ottawa. We are proud to support Canadian leaders in their fields knowing that their work is an integral part of the health and prosperity of our communities and our country.”
– The Honourable Mona Fortier, Member of parliament for OttawaVanier

“Successful scientific innovation and discovery requires a sustained and ongoing commitment in support of those on the front lines of research. Successive federal budgets have strengthened and enhanced that commitment and with today’s funding announcement through the Strategic Science Fund, our continuing commitment is further demonstrated. Our world class Canadian researchers require a nimbleness that will allow them to address the health care challenges of the modern world. The funds awarded today to the five organizations here in Ottawa will go a long way toward achieving the goal of improving the efficiency, effectiveness and quality of today’s research to meet tomorrow’s challenges.”
– The Honourable Yasir Naqvi, Member of parliament for Ottawa Center.

“Today’s investment reaffirms our commitment to advancing Canadian innovation and supporting our brightest minds, right here in the National Capital Region. By empowering our scientists and researchers, we are driving economic growth, improving health outcomes, and positioning Ottawa as a leader in cutting-edge research. This ensures a brighter future not only for Ottawa but for all Canadians for generations to come.”
– The Honourable David McGuinty, Member of parliament for Ottawa South

“We are absolutely thrilled and so grateful for the support to continue our fundamental work in research and science in Canada’s Arctic. As a nation with the second largest Arctic land mass and largest Arctic coastline in the world it is paramount that we as Canadians are leaders in Arctic science and this investment can help ensure this now and into the future. The climate is warming at four times the rate of the global average in the Arctic regions and the world of the future will not be the same as the world as we know it now – unless we invest in discovery based science in key regions such as the Arctic. We are also proud of our Canadian approach to science in the Arctic which involved working in partnership with Inuit organizations and communities  where we equally value science and Inuit knowledge”.
–       Jackie Dawson, Scientific Director, Network of Centres of Excellence, ArcticNet

“Hosted by the Ottawa Hospital Research Institute, BioCanRx unites researchers and other stakeholders across Canada to advance immunotherapy, and turn all cancers into curable diseases. Today’s funding announcement marks a significant step forward in the fight against cancer, both nationwide and in Ottawa, where our work has already benefited patients like Camille Leahy, whose acute leukemia is now in remission thanks to a local clinical trial. We look forward to continuing our work with researchers, clinicians, and patients in Ottawa and in cities across the country to develop immunotherapy treatments to benefit all Canadians.”
– Dr. Stéphanie Michaud, President and CEO, BioCanRx.

“We are grateful for this federal investment in Actua’s work to develop the early stages of Canada’s talent pipeline. This significant support recognizes the critical importance of youth engagement in STEM, along with continued priority on removing barriers and building inclusivity.”
– Jennifer Flanagan, CEO, Actua.

“On behalf of Canada’s Stem Cell Network I would like to extend our thanks to the Government of Canada for its ongoing support and continued funding.  SCN is committed to transforming lives through regenerative medicine research, and as a pan-Canadian community of researchers, clinicians, scholars and next generation talent we will work with our partners to deliver the innovative cell and gene therapies that Canadians expect and deserve.” 
– Cate Murray, President & CEO Stem Cell Network

“We are thrilled to be part of the SSF family and this collaborative approach to advancing Canada’s science and innovation culture. CASC is Canada’s largest national network of public science engagement organizations. Our members are beloved and trusted sources for science information, and they engage tens of millions of people across the country every year. This funding signals the tremendous value of the work that they do, and the essential role that CASC plays in bridging research, science, and society.”
 – Dr. Marianne Mader, CEO of the Canadian Association of Science Centres (CASC).

Quick facts

This announcement is apart of more than $800 million in funding that will go to 24 science and research organizations across Canada.The creation of the Strategic Science Fund (SSF) was announced in Budget 2019 as a way to make federal investments in third-party science and research more effective by assessing applicants using a framework of principles for allocating federal funding.Since 2016, the government has provided more than $16 billion to support science and research.In addition, Budget 2024 provides $825 million to increase support for master’s, doctoral and post-doctoral students, as well as $1.8 billion to the federal granting councils to increase core research grant funding and support Canadian researchers.Budget 2024 also includes investments in modern, high-quality research facilities and infrastructure to help solve real-world problems, create economic opportunities, and attract and train the next generation of scientific talent.The next call for applications to the SSF is scheduled to take place in 2026–2027. Funding from the current competition will be disbursed from April 2024 to March 2029, pending finalization of contribution agreements.

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List of recipients and funding amounts

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SOURCE Employment and Social Development Canada

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DomaCom Appoints Giuseppe Porcelli as Chairman and Secures $2 Million Private Placement

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SYDNEY, Jan. 10, 2025 /PRNewswire/ — DomaCom Limited (ASX:DCL) is pleased to announce two significant developments that will strengthen its leadership and financial position as it advances its fund-first, technology-driven strategy.

Appointment of Giuseppe Porcelli as Non-Executive Chairman

DomaCom has appointed Giuseppe Porcelli as Non-Executive Chairman. Giuseppe is the Founder, Chairman, and CEO of Lakeba Group, a global technology leader renowned for AI-powered, scalable solutions. With extensive expertise in technology-driven investment strategies, his leadership will be instrumental in accelerating DomaCom’s growth, innovation, and investor value creation.

“Giuseppe’s appointment strengthens our leadership team at a pivotal time for DomaCom,” said Darren Younger, CEO of DomaCom. “His experience in driving technological innovation and scaling businesses will support our strategy to enhance investor value and expand our market presence.”

Successful Completion of $2 Million Private Placement

DomaCom has successfully secured a $2 million investment through a private placement from sophisticated investor Martin Groen. The placement involved issuing 142,857,143 fully paid ordinary shares at $0.014 per share, reflecting investor confidence in DomaCom’s strategy and growth potential.

“This investment demonstrates strong confidence in our vision to transform DomaCom into a leading fund-first, technology-driven business,” said Giuseppe Porcelli, Chairman of DomaCom. “The additional option to secure further funding underscores the long-term alignment between DomaCom and our investors. This capital will allow us to accelerate key initiatives, deliver value to our stakeholders, and position the business for sustained growth.”

These developments mark an important step forward in DomaCom’s transformation, reinforcing its commitment to technological innovation, financial growth, and enhanced investor value.

Contact person: Darren Younger, DomaCom CEO
Darren.younger@domacom.com.au 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/domacom-appoints-giuseppe-porcelli-as-chairman-and-secures-2-million-private-placement-302347645.html

SOURCE DomaCom Limited

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GlocalMe Unveils New Brand Identity and Cutting-Edge Innovations at CES 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — GlocalMe, a global leader in mobile data connectivity under uCloudlink (NASDAQ: UCL), is proud to announce its participation in CES 2025, the world’s largest technology trade show. This year marks a significant milestone for GlocalMe as it unveils its newly refreshed brand identity and showcases an impressive lineup of innovative products that are set to redefine global connectivity.

With the theme “The Ideal Network of Life,” GlocalMe’s rebranding reflects its dedication to providing seamless, secure, and reliable internet connectivity that feels local, no matter where users are. Powered by its patented Cloud SIM and HyperConn™ technology, the brand emphasizes “Global Connectivity, Local Mindedness,” delivering a borderless yet personalized connection experience for modern digital lifestyles.

“Our new brand identity represents a transformative step in our journey to empower users with effortless and reliable global connectivity,” said Chaohui Chen, CEO of uCloudlink. “At CES 2025, we are thrilled to showcase how our innovative solutions bring the world closer together, delivering technology that feels personal and local, even in a globalized world.”

Spotlight on the GlocalMe Life Series

A major highlight of GlocalMe’s CES 2025 showcase is the GlocalMe Life Series, a collection of advanced products designed to provide secure and convenient connectivity for daily and travel use. With a focus on user convenience and peace of mind, the Life Series empowers users to stay connected effortlessly.

At CES 2025, GlocalMe will pre-launch three new additions to the Life Series:

GPet: The second generation of GlocalMe’s smart global pet tracker, featuring unique 6-tech positioning technologies to ensure the safety and location tracking of pets worldwide. New features, including ‘AI Wellness’ and ‘Pet Interaction,’ will enhance pet health monitoring and strengthen the bond between pets and their owners.UniCord S and UniCord P: Upgraded versions of the UniCord, designed specifically for drivers and remote workers. These devices offer advanced tracking features and provide secure and seamless connectivity during commutes or road trips. The UniCord P boasts upgraded mobile internet specifications, delivering a network experience comparable to a Wi-Fi hotspot.

These new products join the existing Life Series, which includes:

UniCord: The world’s first 3-in-1 multi-functional USB cable, which has been honored with the “CES Breakthrough Award 2025” by Android Authority for its innovative design and functionality.RoamPlug: The world’s only travel adapter with a built-in 4G mobile hotspot.KeyTracker: A global intelligent tracker featuring 6-tech positioning to secure and locate personal belongings with precision.

Introducing HyperConn™ Technology: Seamless Connectivity Redefined

GlocalMe will also debut its revolutionary HyperConn™ mobile Wi-Fi hotspot technology at CES 2025, redefining how users stay connected on the move. Leading this innovation is the MeowGo G40 Pro, a HyperConn™-enabled 4G multi-network mobile Wi-Fi hotspot. Designed for road trip families and remote workers, this device leverages AI-powered network switching to provide uninterrupted internet access by seamlessly connecting to multiple 4G carriers and Wi-Fi providers. This ensures reliable connectivity anywhere in the world, no matter where life takes users.

Experience GlocalMe at CES 2025

From January 7 to 10, 2025, GlocalMe will showcase its new brand identity and innovative product lineup at booth LVCC North Hall #8211. Attendees are invited to experience firsthand how GlocalMe is redefining global connectivity through its cutting-edge products and advanced technologies.

All pre-launched products from CES will be officially available by the end of the first quarter of 2025.

About GlocalMe

GlocalMe is a digital lifestyle brand under Nasdaq-listed technology company uCloudlink (NASDAQ: UCL). With its mission to enable people to ‘Connect and Share without Limitations’, uCloudlink is a leading mobile technology solutions provider that provides a marketplace for mobile data traffic sharing to billions of users in over 200 countries and regions. By using uCloudlink’s patented Cloud SIM technology, mobile users are no longer confined to the service of a single network operator but are opened to a world of connectivity whenever and wherever they are.

For more information, visit www.glocalme.com.

Photo – https://mma.prnewswire.com/media/2595181/GlocalMe.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/glocalme-unveils-new-brand-identity-and-cutting-edge-innovations-at-ces-2025-302347677.html

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Reap Receives In-Principle Approval for Major Payment Institution License from Monetary Authority of Singapore

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SINGAPORE, Jan. 9, 2025 /PRNewswire/ — Reap, a leading payment technology provider, is thrilled to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore.

Obtaining the IPA marks a significant milestone for Reap. Reap is committed to regulatory excellence while continuously enhancing its capabilities and presence in Singapore and the broader Asia Pacific region. While the IPA marks a critical step forward, Reap Singapore remains steadfast in meeting the required conditions for the MPI License. Reap is equally committed to dedicating the necessary resources to support and assist Reap Singapore in achieving this goal. Together, Reap and Reap Singapore will continue to refine its compliance standards and beyond, ensuring it delivers enhanced value and trusted solutions to Singapore and the broader APAC customers.

“At Reap, compliance has always been paramount, not only to safeguard our users but also as a fundamental pillar for growth. Receiving this IPA from the MAS, a globally renowned financial regulator, is incredibly motivating and will be a key driver of secure growth in the region. It fuels our enthusiasm to continue collaborating closely with regulatory bodies to shape a secure and efficient money movement across the region. Reap is also committed to building a strong payment service.” stated Kevin Kang, Co-Founder of Reap.

Singapore is integral to Reap’s mission of enhancing global money movement. Its high regulatory standards and commitment to foster sustainable innovation align seamlessly with Reap’s vision for the future of payment services. This alignment empowers Reap to drive secure and efficient financial flows while delivering exceptional value to its clients and partners.

About Reap

Reap group is a leading global payment technology provider that enables financial connectivity and access for businesses worldwide. By bridging disparate economies, merging technological divides, and connecting key financial players, we are transforming the financial landscape into a more interconnected and interoperable space for efficient money movement.

With corporate cards, payout solutions, and expense management tools, we streamline financial operations and empower businesses to scale. Our APIs enable businesses to embed finance into their own products and services, from issuing Visa cards to facilitating cross-border payments.

Founded in 2018 in Hong Kong, Reap has since expanded to a team of over 100 across the globe, including Singapore. Reap is supported by a strong network of investors, including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures, and Payment Asia.

For media enquiries, please contact:

Christine Cheuk
Marketing & PR Manager, Reap
christine@reap.global

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/reap-receives-in-principle-approval-for-major-payment-institution-license-from-monetary-authority-of-singapore-302347620.html

SOURCE Reap

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