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x] # 5672 - SUMMARY-PODCAST-betakit-episode-060 -

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- ART betakit

- Making big bets on innovation, the budget called for a national AI and IP strategy, a plan to spend $1.4 billion on cleantech companies through funding initiatives, and a focus on improving the digital literacy of young students.

[REFERENCE]

x] PODCAST ep:60 - http://betakit.com/cancon-podcast-ep-60-will-budget2017-help-canadian-startups/
] ART http://betakit.com/canadian-tech-community-reacts-to-budget2017/
] ART http://betakit.com/budget2017-calls-for-950-million-towards-superclusters-national-ai-strategy/
] http://www.startupcan.ca/ourwork/startupconnect/
] http://www.startupconnect.ca/
] http://www.startupcan.ca/get-involved/start-a-community/
] http://www.startupcommunities.net/
] .ca -> bc -> nanaimo -> listnerd, inc - combination of travelocity + , now rank.ly
] g?='ken bergen'
] http://www.cantechletter.com/2016/03/ben-bergen-appointed-executive-director-of-council-of-canadian-innovators/
] balsillie article -
] g?=' council of canadian innovators' r# 1.ad -> https://innovation150.ca
] https://twitter.com/Richardjforbes
] https://twitter.com/mattroberts
] https://www.sbir.gov/ gov program to assist small business with selling products/services to gov, CC https://sbri.innovateuk.org/
] * award winning betakit 101 series

[RELATED]

x] https://www.cvca.ca
x] https://innovation150.ca

PODCAST SUMMARY

- rolled up spending total of $ a "trajillion" or 5 bitcoins

- talk bout the value of vcap to date -

- stories of funds -

[40:00] VCAP ?=? VCCI - @

- fee on fee structure, gov didnt like,

- power & politics show, mar. 26th

- late stage investment,

- certain sectors didnt get any of vcap

- gov has other mandates in term of environment

[45:00] superclusters - @mikeserbinus

- 950M commitment to "supercluster" growth strategy

- what are they? are they needed? where?

- mike serbinus quote - says - betting on superclusters is a super strategy

- mike s is all about the winning and the steps needed to get there

[50:00] superclusters - @richard forbes

- ontario's quantum valley - mike lazaridis fund

- contributions of 'superclusters' = ...

- linked microsite -

- there is no part of canada that does not include

- perfect way to distribute money politically, not

- infrastructure mentioned in description, EX light rail in KW, BUT 950M goes down very quickly, with infrastructure spending, it not really a 'tech' venture

- not enough money to be an "infrastructure" program

- commited to 5 or 6, not 25 or 30 (where it gets spread too thin),

- regions need to come together,

- why not say - we have -

- each region has different needs

- setting up the parameters, for each region to define their needs,

- seen this story before, dalton mcguinty, ontarion PM, funding innovation, ended up with 17 regional centers

- DS - biggest PRB, is we have all these "innovation centers", none of them talk to each other, will be even worse if they are competing for funding/$

- TO, KW and Ottawa have popped, in the last "years",

- lots of VC capital in the 2000, 2016 was the first year we surpassed what was invested then

- there are superclusters for different industries,

[58:00] pan canadian AI strategy

- public knife fight for funding between universities (TO vs MTL vs KW)

- debates about which approach is better

- 300M cities challenge -

- #cancon,

- more news to come in the coming weeks ...

TABLE - expeditures allocated

AMOUNT | initiative | timeframe |

7.8M - global talent strategy

50M - SBIR style gov procurement program

125M - Pan-canadian AI strategy

221M - coop spaces

400M - VCCI venture capital funding for

950M - supercluster growth strategy

[CUT]

- 950M over 5 years, to help reach those goals, the gov placing a bet

- renewal of VCAP - for later stage growth company

- give them credit for proceeding vs waiting

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