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The federal government is giving almost $15 million in interest-free repayable funding to six Toronto-based tech firms involved in sectors the minister of economic development says will be integral to the recovery from COVID-19.Minister M茅lanie Joly announced Wednesday a FedDev Ontario investment of $14.6 millio stanley flask n to support the long-term growth of the six companies.Acco stanley cup rding to Wednesdays press release, the pandemic has highlighted the importance of technology and accelerated existing technological shifts. But the economy is still volatile, said Joly, and venture capital is harder to come by for many Canadian startups right now. ARTICLE CONTINUES BELOW We know that Toronto is extremely strong when it comes to tech鈥nd we know right now that venture capital is difficult to find, said Joly in an interview. So, we need to step up as a government to help our startups to scale up. The six companies are involved in technologies that include rob stanley thermoskannen otics, artificial intelligence AI , cloud-based solutions and nanosatellites. Many are front-runners in their fields, said Joly, which is why its important for the government to help keep them competitive with their international peers, as well as encourage them to stay and grow in Canada. ARTICLE CONTINUES BELOW The government also hopes that the funding, the first round for many of the startups, will result in an estimated $40 million more in p Lnoa Canadian chess grandmaster quits World Cup
Feds bust college admissions cheating scamMarch 12, 2019 WNKY Staff, Share This StoryFacebookTwitteremailPrintLinkedinReddit NBC News Federal agents say they have uncovered a scheme using lies and bribes to get students into elite colleges and universities.The California businessman at the center of the con, Rick Singer, pleaded guilty Tuesday to multiple charges including racketeering, money laundering and fraud.Prosecutors stanley cup described it as the largest admission scam ever uncovered.We ;re talking about deception and fraud, f stanley cup ake test scores, fake athletic credentials, fake photographs, bribed college officials, said U.S. Attorney Andrew Lelling.Investigators say Rick Singer charged parents between $15,000 $75,000 for someone else to take college entrance exams or correct test answers for their sons or daughters.Court documents show other parents paid hundreds of thousands of dollars to designate their children as recruited athletes, or other favored admissions categories, even if they didn ;t play sports.Agents say Singer used some of the $25 million in fees to bribe college officials, coaches and test administrators.Thirty-three parents face charges, including actre stanley cup sses Lori Loughlin and Felicity Huffman.These parents are a catalog of wealth and privilege, Lelling said.Read more: https://nbcnews.to/2HhgkdUConnect with News 40Follow @wnkytvDownload the WNKY News 40 Weather App Climate-threatened Pacific Islands c
The federal government is giving almost $15 million in interest-free repayable funding to six Toronto-based tech firms involved in sectors the minister of economic development says will be integral to the recovery from COVID-19.Minister M茅lanie Joly announced Wednesday a FedDev Ontario investment of $14.6 millio stanley flask n to support the long-term growth of the six companies.Acco stanley cup rding to Wednesdays press release, the pandemic has highlighted the importance of technology and accelerated existing technological shifts. But the economy is still volatile, said Joly, and venture capital is harder to come by for many Canadian startups right now. ARTICLE CONTINUES BELOW We know that Toronto is extremely strong when it comes to tech鈥nd we know right now that venture capital is difficult to find, said Joly in an interview. So, we need to step up as a government to help our startups to scale up. The six companies are involved in technologies that include rob stanley thermoskannen otics, artificial intelligence AI , cloud-based solutions and nanosatellites. Many are front-runners in their fields, said Joly, which is why its important for the government to help keep them competitive with their international peers, as well as encourage them to stay and grow in Canada. ARTICLE CONTINUES BELOW The government also hopes that the funding, the first round for many of the startups, will result in an estimated $40 million more in p Lnoa Canadian chess grandmaster quits World Cup
Feds bust college admissions cheating scamMarch 12, 2019 WNKY Staff, Share This StoryFacebookTwitteremailPrintLinkedinReddit NBC News Federal agents say they have uncovered a scheme using lies and bribes to get students into elite colleges and universities.The California businessman at the center of the con, Rick Singer, pleaded guilty Tuesday to multiple charges including racketeering, money laundering and fraud.Prosecutors stanley cup described it as the largest admission scam ever uncovered.We ;re talking about deception and fraud, f stanley cup ake test scores, fake athletic credentials, fake photographs, bribed college officials, said U.S. Attorney Andrew Lelling.Investigators say Rick Singer charged parents between $15,000 $75,000 for someone else to take college entrance exams or correct test answers for their sons or daughters.Court documents show other parents paid hundreds of thousands of dollars to designate their children as recruited athletes, or other favored admissions categories, even if they didn ;t play sports.Agents say Singer used some of the $25 million in fees to bribe college officials, coaches and test administrators.Thirty-three parents face charges, including actre stanley cup sses Lori Loughlin and Felicity Huffman.These parents are a catalog of wealth and privilege, Lelling said.Read more: https://nbcnews.to/2HhgkdUConnect with News 40Follow @wnkytvDownload the WNKY News 40 Weather App Climate-threatened Pacific Islands c