CVCA and NACO offer competing visions for feds’ 0-million venture envelope

CVCA and NACO offer competing visions for feds’ $750-million venture envelope

As the Government of Canada decides how to deploy the $750 million CAD it pledged towards “early growth-stage funding gaps,” two leading investor advocacy organizations have put forth differing visions for how those dollars should be allocated. The Canadian Venture Capital & Private Equity Association (CVCA) published an analysis Thursday morning laying out a case…

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Indonesia bans elephant rides nationwide in landmark move for wildlife welfare

Indonesia bans elephant rides nationwide in landmark move for wildlife welfare

BY THE OPTIMIST DAILY EDITORIAL TEAM Indonesia officially banned elephant rides in zoos and conservation centers across the country, marking a significant shift in how one of Southeast Asia’s most iconic animals is treated in tourism settings. The decision, announced by the Ministry of Forestry’s Directorate General of Natural Resources and Ecosystem Conservation late last…

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Kraken dives deeper into defence with 5-million Covelya Group acquisition

Kraken dives deeper into defence with $615-million Covelya Group acquisition

St. John’s-based marine technology company Kraken Robotics is looking to position itself as a major supplier of dual-use subsea technology with the acquisition of United Kingdom-based Covelya Group. “Kraken will become a more attractive partner to naval system integrators at a time when industry demand is growing rapidly.” Greg Reid,Kraken Kraken announced on Tuesday evening…

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