Connect with us

Technology

Canadian startups brace for U.S. tariff fallout, survey shows

Published

on

A new survey from MaRS Discovery District and Communitech finds Canadian startups facing revenue risks and exploring alternative markets as U.S. trade uncertainty grows. 

TORONTO, March 31, 2025 /CNW/ – A new survey conducted by MaRS Discovery District and Communitech reveals that Canadian startups are preparing for significant disruption if U.S. tariffs are imposed. More than three-quarters of respondents expect direct or indirect impacts on their businesses, with potential implications for revenue, investment and hiring.

The survey, conducted between February 10 and March 10, 2025, gathered responses from more than 175 startups across healthtech, cleantech and advanced manufacturing. The findings underscore Canadian startups’ reliance on U.S. markets and the urgent need for ventures to diversify their revenue streams and secure alternate growth pathways.

Key survey insights:

70% of startups generated U.S. revenue in 2024, reflecting an overarching reliance  on cross-border trade.41% foresee a direct hit to 2025 revenue if proposed tariffs are imposed, with some companies already exploring new markets.58% raised concerns about cross-border sourcing, voicing  worries about supply chain stability.64% of companies are not planning to reduce headcount, affirming  a strong commitment to retaining talent in the face of  uncertainty.26% of ventures are reassessing international expansion plans with a renewed focus on the U.K., EU and Asia. 

“The threat of U.S. tariffs is forcing Canadian founders to rethink growth strategies and explore alternative markets,” says Grace Lee Reynolds, CEO of MaRS Discovery District. “This is a critical moment for Canada to strengthen its innovation ecosystem and create new pathways for global growth.”

Read the full analysis on the MaRS website: Bracing for impact: Volatile trade relations with the U.S. could have devastating effects on Canada’s innovation ecosystem 

About MaRS
MaRS Discovery District is a charitable organization and North America’s largest urban innovation hub, dedicated to helping Canadian technology companies succeed. With a focus on climate, health sciences and other emerging technologies, MaRS supports startups tackling some of the world’s most pressing issues.

MaRS spans more than 1.5 million square feet of cutting-edge office, lab, meeting and event space in downtown Toronto across two locations — the MaRS Centre and MaRS Waterfront. Since 2010, MaRS has helped ventures generate $11.5 billion in cumulative revenue, raise $19 billion in funding, and create and maintain more than 33,000 jobs. The MaRS platform also includes MaRS IAF, one of Canada’s top seed-stage venture funds. Through its world-class facilities, strategic programs and partnerships, MaRS accelerates the adoption of groundbreaking Canadian technology and bolsters a globally competitive innovation ecosystem.

SOURCE MaRS Discovery District

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Stephen Liu Named Equity Partner at Carstens, Allen & Gourley

Published

on

By

DALLAS, April 14, 2025 /PRNewswire/ — Carstens, Allen & Gourley is proud to announce Stephen Liu has been named an Equity Partner. This milestone recognizes Stephen’s exceptional contributions to intellectual property law practice and his steadfast dedication to client service and legal innovation.

Stephen’s promotion reflects years of demonstrated excellence in helping clients navigate the complex intersection of legal strategy and technical innovation. Known for his sharp legal insight and collaborative approach, he has been pivotal in shaping successful IP strategies for clients ranging from early-stage startups to global corporations.

Stephen brings a rare blend of legal acuity and technical fluency, making him an indispensable advisor to our clients and an inspiring leader within the firm. We are honored to welcome him into the equity partnership and excited about the future of our firm under his continued leadership.

With a distinguished background in patent and trademark law, Stephen has worked across various industries, including telecommunications, software, manufacturing, oil and gas, and medical devices. His experience spans prosecution, litigation, and strategic counseling, earning the trust of clients who rely on his deep understanding of legal frameworks and engineering principles.

As Carstens, Allen & Gourley continues to grow and evolve, Stephen’s elevation to equity partner signals a continued commitment to excellence, innovation, and the highest standard of client service.

About Carstens, Allen & Gourley

Carstens, Allen & Gourley is a distinguished intellectual property and technology law firm with offices in Dallas and Denver. For over 25 years, we have been leaders in safeguarding our client’s intellectual property rights worldwide and providing general legal counsel to technology companies. Our firm supports clients, including venture-backed startups, with comprehensive strategies in patents, trademarks, copyrights, and trade secrets. We have a global commercial litigation and dispute resolution practice that includes state and federal court litigation, international arbitrations, international transactions, and pre-litigation dispute resolution. Our award-winning team is dedicated to delivering top-tier legal services to clients across the globe. For more information, visit https://www.caglaw.com/.

Contact:
Jessica Mularczyk
Chapman Communications Group
jessica@chapmancommunicationsgroup.com
508-498-9300

View original content to download multimedia:https://www.prnewswire.com/news-releases/stephen-liu-named-equity-partner-at-carstens-allen–gourley-302426681.html

SOURCE Carstens, Allen & Gourley, LLP

Continue Reading

Technology

Novum Global Ventures Pte Ltd Achieves ISO 27001:2022 Certification, Strengthening Commitment to Cybersecurity Excellence

Published

on

By

Certification underscores the company’s strong commitment to implementing the highest standards of cybersecurity for its software StockHero.ai

SINGAPORE, April 14, 2025 /PRNewswire-PRWeb/ — Novum Global Ventures Pte Ltd is pleased to announce that it has been officially awarded the ISO/IEC 27001:2022 certification, an internationally recognised standard for information security management systems (ISMS). This certification underscores the company’s strong commitment to implementing and maintaining the highest standards of cybersecurity for its suite of automated trading software, namely StockHero.ai and CryptoHero.ai.

With data security and risk management playing a pivotal role in today’s digital landscape, Novum Global Ventures initiated the ISO certification process by engaging QAS International, a UK-based ISO certifying body. Over the course of several months, the company underwent a rigorous evaluation to assess its existing security controls, identify vulnerabilities, and develop a comprehensive strategy to enhance its information security framework.

As part of this extensive process, Novum Global Ventures adopted and implemented close to one hundred detailed security policies. These policies were designed to reinforce all aspects of its operations, from data protection and risk assessment to access management and incident response. The resulting framework not only strengthens the company’s cybersecurity posture but also ensures compliance with global standards and client expectations.

Following a successful independent audit, Novum Global Ventures was officially awarded the ISO 27001 certification. This milestone validates the company’s proactive and structured approach to managing sensitive data and mitigating cyber risks.

“We are proud to have achieved ISO 27001 certification,” said Christopher Low, CEO of Novum Global Ventures. “This accomplishment reflects our ongoing commitment to data security and operational integrity. In a time where cyber threats are more sophisticated than ever, we want our clients, partners, and stakeholders to have complete confidence in our ability to protect their information.”

The ISO 27001 certification marks a significant milestone in Novum Global Ventures’ ongoing efforts to drive innovation, build trust, and strengthen resilience across its operations. As the company continues to grow and serve an expanding global client base through its advanced automated trading technology, it remains firmly committed to upholding the highest standards of cybersecurity and data governance.

About Novum Global Ventures Pte Ltd

Novum Global Ventures Pte Ltd is a technology-driven software and investment company focused on building innovative solutions in the financial services space. The company is the owner and operator of TradeHeroes.ai, a leading multi-asset automated trading platform that empowers users to trade across stocks, cryptocurrencies, CFDs, and forex with cutting-edge algorithmic strategies. With a commitment to security, performance, and user-centric innovation, Novum Global Ventures is dedicated to transforming the way individuals and institutions trade the financial markets.

Media Contact

Andrelle Chiew, Novum Global Ventures Pte Ltd, 65 80282938, andrelle@novum.global, www.novum.global

 

View original content to download multimedia:https://www.prweb.com/releases/novum-global-ventures-pte-ltd-achieves-iso-270012022-certification-strengthening-commitment-to-cybersecurity-excellence-302425443.html

SOURCE Novum Global Ventures Pte Ltd

Continue Reading

Technology

InventHelp Inventor Develops New Gaming Assist Device Pop Socket (SBT-1960)

Published

on

By

PITTSBURGH, April 14, 2025 /PRNewswire/ — “I wanted to create a modified phone accessory to assist gamers when playing various app games like Pokémon Go* that utilize auto catch functions, so I invented this,” said an inventor, from Billings, Mont., “so I invented the Gaming Assist Pop Socket. My design would prevent the user from missing a catch in their favorite game.”

The invention provides a dual-purpose smartphone accessory that would interface with any cell phone or mobile app game that utilizes “auto catch” technology. In doing so, it offers an effective alert. It also allows the user to maintain a secure and comfortable grip on the smartphone with one hand. Thus, it helps prevent the user from losing the gaming device. The invention features a compact design that is easy to use and it can be applied to any handheld gaming device so it is ideal for all gaming enthusiasts. Additionally, it is producible in design variations.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 23-SBT-1960, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

*InventHelp® is neither affiliated with nor endorsed by POKÉMON GO, the manufacturer NINTENDO OF AMERICA INC of which holds a trademark.

View original content to download multimedia:https://www.prnewswire.com/news-releases/inventhelp-inventor-develops-new-gaming-assist-device-pop-socket-sbt-1960-302420064.html

SOURCE InventHelp

Continue Reading

Trending