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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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NAVEE Launches ST3 Pro and GT3 Pro at CES 2025, Receives UL and TÜV Rheinland Certifications

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — NAVEE, a global leader in intelligent short-distance mobility, today announced the North American launch of its flagship electric scooters, ST3 Pro and GT3 Pro, at CES 2025. The event, running from January 7 to January 10, also marks the company’s achievement of two prestigious awards that validate its leadership in smart mobility.

UL verification: Micromobility Performance Range, Energy Consumption and Acceleration

During CES, UL awarded the ST3 Pro-U and GT3 Pro-U with the “Micromobility Performance Range/Energy Consumption/Acceleration” verification. This recognition validates NAVEE’s engineering excellence, with both scooters exceeding rigorous standards for range, energy efficiency, and acceleration. Bryan Bai, NAVEE’s Vice President and Head of North American Sales, and Sherry He, vice president and general manager of Consumer, Medical and Information Technologies at UL Solutions, presided over the award ceremony.

TÜV Rheinland Certification: Range at Max. Speed

Simultaneously, TÜV Rheinland granted the ST3 Pro its “Range at Max. Speed” certification, verifying that the scooter delivers on its promised maximum speed range capabilities. Jay Yang, Vice President of Greater China Electrical at TÜV Rheinland, presented the certification to NAVEE, underscoring the scooter’s exceptional performance standards.

“These launches at CES 2025 represent a significant milestone in our mission to advance smart mobility technology for consumers worldwide,” said Lu Jian, Brand Representative of NAVEE. “The UL verification and TÜV Rheinland certification demonstrate our unwavering commitment to excellence and validate the real-world performance our customers can expect.”

ST3 Pro and GT3 Pro: Redefining Smart Mobility

The ST3 Pro and GT3 Pro represent the next evolution in urban transportation. Engineered for the demands of modern city commuting, these premium electric scooters combine exceptional range and acceleration with sophisticated smart features. The prestigious UL verification and TÜV Rheinland certification affirm NAVEE’s position as an industry pioneer in electric mobility innovation.

About NAVEE

Founded in 2021, NAVEE has quickly emerged as a leader in the global electric mobility market. With a presence in over 30 countries and more than 200,000 users, NAVEE is revolutionizing urban commuting with stylish, reliable electric scooters. The company continues to invest heavily in research and development, ensuring it remains at the forefront of innovation in the electric mobility sector.

For more information, visit: NAVEE Official Website https://www.naveetech.com/

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SOURCE NAVEE

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Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad

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nsave offers trusted dollar, sterling or euro accounts abroad to people from high inflation countries.Customers can now access a range of US equities, ETFs and funds.TQ Ventures leads $18mn financing, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton.

LONDON and GENEVA, Jan. 10, 2025 /PRNewswire/ — nsave, the provider of trusted, compliant accounts abroad to people from countries with high inflation, has today announced the launch of an investment product, enabling people at risk of financial exclusion to protect and grow their wealth.

The company also confirmed an $18mn Series A investment led by TQ Ventures with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation, to accelerate their growth.

Today’s means customers can access US equities, ETFs and soon funds managed by some of the world’s largest asset managlaunchers via the nsave app, subject to onboarding and compliance checks.

By working with regulated financial institutions and banking partners in the UK and Switzerland, nsave offers safe and compliant accounts abroad, democratising offshore services to millions of people affected by high inflation or economic uncertainty in their home countries.

nsave’s customers include young professionals who move abroad and face exclusionary and outdated compliance processes due to their country of birth, alongside people from high inflation economies, who fear their life savings will be wiped out.

Based in London and Geneva, nsave is led by former Rhodes Scholars Amer Baroudi and Abdallah AbuHashem.

nsave CEO Amer Baroudi said: “Our vision is to go beyond just protecting everyday people’s wealth by enabling safe and compliant accounts abroad, but to enable them to grow it, too.”

“For some of our customers, this is the first time they can access trusted investment services securely. We believe your passport shouldn’t determine your path to prosperity. Our compliance-by-design approach enables us to offer services safely to many more people.” 

TQ Ventures co-founder and co-managing partner, Schuster Tanger, said: “nsave is tapping into a massive market of individuals underserved by existing financial services who need secure, stable financial solutions.”

“From the outset, I was impressed by nsave’s unique approach and the strength of their team, no doubt a function of Amer and Abdallah’s own lived experience of these challenges. We’re thrilled to roll up our sleeves with nsave to create a more inclusive financial system.”

Contact:
press@nsave.com

 

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Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024

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HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.

The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.

Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.

The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.

Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”

View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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