AI GROWS UP & QUANTUM COMES KNOCKING

As AI dominates our headlines and PowerPoints, evangelizing the next tech revolution, another industrial shift is quietly knocking at the door.

All the while, AI panic is setting in. Datacenter construction is inspiring controversy. Governance is rapidly shifting. Job displacement is being debated in the public square.

Behind that AI din, quantum computing is being quietly engineered to tackle a different set of problems for applications like supercharged logistics, drug discovery, and financial planning. While AI is engineered to integrate, remix, and leverage data, quantum is built to change what computers can achieve.

When paired together, organizations like McKinsey agree that AI-quantum will redefine entire industries and societies. Thanks to these generous market projections, the money is flowing.

In 2025, the global AI market was estimated at US$390.9 billion and is projected to reach US$3.5 trillion by 2033 (at a whopping CAGR of 30.6%). The global quantum computing market still remains relatively small, at around US$1.4 billion in 2024, but it’s forecasted to reach US$4.2 billion. Some projections put it at US$19.44 billion by 2035.

That’s modest by comparison, but the direction is clear.

Big names like Toronto-based Xanadu are already helping to position Canada as a serious global contender. But new specialized Canadian startups like QuantumCore are beginning to engineer niche applications that will serve as the infrastructure backbone for the quantum commercialization.

“We are acting with urgency because of the rapid acceleration of the large quantum computing programs as seen by the recent Q-Day announcements out of Google Quantum AI Labs.”

— Dr. Christopher Wilson, QuantumCore

The rise of quantum nanufacturing

As ‘Big Q’ players like Google build the next big flagship quantum processors, ‘Little Q’ builders are beginning to make their mark.

Startups like Canada’s QuantumCore are positioning themselves as necessary quantum infrastructure: cryogenic electronics, control hardware, and signal‑chain components.

Once the quantum race shifts from lab demos to factory-scale deployment, Little Q is set to become the backbone of the industry.

On the Big Q end of the spectrum, Canada’s Xanadu is eyeing plans to build its first quantum data centre in Toronto, with a large quantum facility targeted for around 2029-30. Founded within Toronto’s research ecosystem by Christian Weedbrook, the company has evolved into a full‑stack photonic quantum player, operating cloud‑accessible processors. It recently went public via a SPAC deal valued at ~US$3.6 billion.

To date, Canada isn’t exporting IP abroad (as is often the case). And there is a long tail of demand for specialized optical modules, cryogenic systems, control electronics, and fabrication capacity. Those are precisely the niches where Little Q companies can thrive.

QuantumCore: Move fast and make things

Production means progress, and QuantumCore is quickly positioning itself as an industrial backbone.

Spun out of the University of Waterloo’s Institute for Quantum Computing, QuantumCore is emerging as a fast-moving Little Q operator. The company has pulled in about $10.7 million CAD in funding within its first months.

If that sounds like a hardware manufacturer that’s ready to scale more than a seed‑stage startup, you’d be right. QuantumCore is on a mission to rapidly become a dedicated hardware partner to the global quantum sector.

In April 2026, QuantumCore completed a reverse takeover and began trading on the Canadian Securities Exchange (QNCR). That gave public investors quick access to quantum infrastructure momentum. As of mid June 2026, QuantumCore’s market capitalization sits around $54 million, trading well above its listing value.

Their rapid moves indicate a healthy investor appetite for quantum supply chain players that support large‑scale quantum computers.

“It’s a necessary product for quantum computing companies that are just a few years away from launching computers with thousands of qubits.”

In April 2026, QuantumCore completed a reverse takeover and began trading on the Canadian Securities Exchange (QNCR). That gave public investors quick access to quantum infrastructure momentum. As of mid June 2026, QuantumCore’s market capitalization sits around $54 million, trading well above its listing value.

Their rapid moves indicate a healthy investor appetite for quantum supply chain players that support large‑scale quantum computers.

“It’s a necessary product for quantum computing companies that are just a few years away from launching computers with thousands of qubits.”

Manufacturing to scale: The future belongs to the industrious

Because quantum scaling is so difficult, the industry’s progress will likely hinge on manufacturing.

Nature Electronics notes that practical superconducting systems may need “a million or more physical qubits” and that each qubit currently requires its own control line. That makes scaling an engineering nightmare.

Quantum machinations also generate a lot of heat, which is mitigated with cryogenics (yes, that same cryogenics so popular in science fiction). So, manufacturing begins with refrigerators that cool processors to around 10–20 millikelvin (roughly 0.01–0.02 degrees above absolute zero).

The quantum cryogenics market was worth US$490M in 2025, and it’s growing 11.7% a year. Beyond cryogenics, the supply chain also includes superconducting components, precision fabrication elements, and control electronics.

Canada’s vertically integrated quantum ecosystem and the beginnings of Big Q

Canada’s flagship Big Q pioneer, Xanadu, has maintained its Toronto headquarters for roughly a decade, and plans to build its immense quantum data center in 2029 or 2030. That’s right down the road from Waterloo, and indicative of a Waterloo-Toronto quantum pipeline taking further form.

That connection has the potential to build a vertically integrated supply chain that promotes further collaboration and manufacturing across research, education, manufacturing, commerce, and markets.

“Growing the company in the Waterloo ecosystem is crucial because of the big pool of local technical experts, in quantum and other engineering disciplines, access to specialized production resources and the region’s big industrial manufacturing base.”

Canada can now boast more than 100 quantum companies, ranking second globally for quantum SMEs and startups. That ecosystem employs roughly 4,000 people, which is about 5% of the world’s quantum talent (while Canada accounts for only 0.5% of the global population).

Many of those quantum companies are closely linked to universities.

Funding the quantum wave

With strong academic roots and government support, the quantum industry is primed for growth. Indeed, Canada has been building a strong domestic IP base for decades.

While many Canadian deep‑tech rounds still lean heavily on U.S. capital, QuantumCore is bucking that trend with a recent infusion from Canaccord. The company raised $10.7 million CAD in less than a year from multiple sources, structured primarily out of Canada.

In the global quantum sphere, the U.S. is seeing massive investment from Big Tech (Google, IBM, Microsoft) and defence funding. China, the EU, and others are also investing heavily in national quantum strategies.

• U.S. National Quantum Initiative: >US$1.2B initially, with $5B in follow-on spending

• Europe’s Quantum Flaship: US$1.16B

• China National Quantum Lab: US$10B

Commercialization

Now that capital is shifting from research to commercialization and infrastructure, we could soon expect to see enterprise deployment. By 2035, based on recent analysis, McKinsey estimates that quantum computing can generate value in the trillions (USD):

• Energy, materials (chemicals and metals): $550B - $1.1T

• Financial services: $400-600B

• Travel, transport, logistics: $200-500B

• Pharmaceuticals and medical products: $80-400B

McKinsey’s Quantum Monitor also highlights early applications such as logistics route optimization, chemical and molecular simulation, financial risk modelling, and investment portfolio optimization.

Building mode: Quantum jobs and the industrial upside

The debate about AI and jobs is already heating up. Leaders of the AI revolution point to mass job displacement one moment, and mass job creation the next. (We can probably expect to see both scenarios play out to some degree.)

What happens when you couple AI role encroachment with quantum advancements?

Despite recent pushback by activists, quantum, AI, and their data centers offer a welcome outlet for a growing pool of underused technical talent.

Projected data centre roles

Given the declining rates of job availability for recent grads — yes, even in STEM — this presents an especially welcome opportunity: from manufacturing technicians, cryogenics specialists, and hardware engineers, to data center operators and supply chain and logistics roles.

Each data center can provide roughly 30-100 high-paying roles across facilities, engineering, security, and admin.

• Pre-AI data centre: 65-100 permanent jobs per 100MW

• AI‑era hyperscale data centre: 33–52 permanent jobs per 100 MW

The global data centre workforce is expected to grow from roughly 2.3 million in 2025 to over 3.1 million by 2035. That’s an increase of 800,000 jobs over five years.

Projected quantum roles

Recent skills reports estimate global demand for around 250,000 quantum workers by 2030, rising to roughly 840,000 by 2035.

Now that quantum is moving out of the lab, McKinsey and others point to growing demand for roles beyond physicists, including:

• Hardware experts

• Cryogenics technicians

• Data‑centre and cloud operators

• Software engineers

• Systems integrators

The future of the future: The AI-quantum combination that will shake the world

Given the obvious integration of brains (AI) and power (quantum), it wouldn’t be surprising if we soon think of AI and quantum as a technological amalgam: AI as the software layer and quantum as the physical layer.

“... connecting the two could create impact that is larger than the sum of the two.”

— Michael Bogobowickz, Partner, McKinsey & Company

Where AI helps accelerate quantum development (design, simulation, error correction), quantum computing will be able to rapidly enhance AI (optimization, materials discovery, complex modelling). The power-ful combo will also be able to accelerate everything AI touches. Beyond disease diagnosis and treatment, it also creates challenges such as extreme cybersecurity concerns.

Although public discourse has largely been distracted by global AI ambitions, Google’s Quantum AI are targeting commercial‑grade systems by 2029-30 for Google (around the same time as Xanadu’s planned data centre).

First-movers like QuantumCore, which have already begun building infrastructure, will be the cogs in the machine that make this convergence possible.

“Superconducting quantum computing is one of the biggest sectors in terms of industrial development, and there is a lot of Canadian experience and appetite to fund ventures with these startup risk profiles.”

Quantum’s first movers

As quantum goes to market, scalability and industrial layers become real opportunities. This is precisely where companies like QuantumCore become integral to the quantum supply chain.

The time to build is now, with the risk being that countries or ecosystems that delay may miss the opportunity. Hence, QuantumCore’s rapid commercial advancement.

“These companies have raised a lot of capital to build computers, and we want to help them get their quantum processors to the next level.”

Recent analysis spotlights the U.S., China, the EU, Japan, and Canada as the five dominant quantum nations. That analysis, unsurprisingly, also flags the U.S. as the leader in private funding (44% share), research quality, and commercialization.

The quantum future belongs to the industrious

From aerospace to the internet, innovation and invention always require specialized builders who are innovators in their own right.

When it comes to the quantum sector, Canada already achieves more than its small size would suggest. As it has before, the nation’s tech sector has the many tools required to corner the transition from quantum research to manufacturing.

Scaling quantum and bringing it to market will clearly require deep innovation in industry and manufacturing — a part of the chain that Canada could corner.

The foundations of this were laid by research and scientific breakthroughs. Now, Little Q companies are helping to lay the foundation that others will build on.

QuantumCore is emblematic of that potential: quiet, deep-research-based, infrastructure-focused, and increasingly essential to the broader market.

The joke that launched a thousand ships

What does ‘sovereignty’ mean to a fairly small nation like Canada? Perhaps strong borders, secure citizens, robust defence capabilities, autonomy, and money in the bank?

Like most things, it’s debatable. What isn’t debatable is that the country is rekindling its desire to shore up sovereignty, particularly in defence and global partnerships.

Speaking at Toronto Tech Week, Douglas Soltys, Editor in Chief of Betakit, suggested that Trump’s infamous “51st state” wisecrack may have been a turning point for Canada.

In early 2025, Trump’s running gag quickly fanned the embers of anti-U.S. sentiment, contributing to a shift in Canada’s national trajectory: from the heated rivalry of the 2025 Four Nations and a campaign about sharp elbows, to an evolving defence approach.

How much truth is in a joke? Trump’s jab still weighs heavily on Canadians’ collective psyche, possibly influencing economic choices, including defence-tech spending. Of course, Canada’s defence and aerospace industries were already extensive and innovative, with crown jewels like MDA and Bombardier, as well as fiery upstarts like Nordspace.

Meanwhile, “the West is seriously, seriously outgunned en masse in the era of modern warfare,” said Kath Intson, CEO and Co-founder of Sentinel R&D, to a Toronto Tech Week audience. “Iran is producing about 60,000 [military drones] per year. Russia has a goal of making around a million,” she says, “When we look at NATO and Israel combined, we make about 20,000 a year.”

Sentinel Announces Joint Venture with Ukraine’s Airlogix

That’s a glaring gap. And there appear to be others as well, including long procurement timelines and barriers for Canadian companies.

The Canadian government seems eager to address these issues with procurement updates and increased defence spending. The country’s recently announced Defence Industrial Strategy outlined $180 billion in procurement and $290 billion in capital investment in Canadian firms over the next decade. Their goal is to increase the proportion of contracts awarded to Canadian firms to 70% and boost investment in federal defence-related R&D by 85%.

AI and quantum join the ‘defence tech’ ranks

If defence is a core requirement of sovereignty, then defence tech can be a superpower. From communications and intelligence to hardware manufacturing and, now, AI and quantum.

“We just released our most recent [AI] model open source,” Cohere co-founder Nick Frosst explained at Toronto Tech Week, “because I think that that pushes it into the direction of sovereignty enabling for people, for companies, for countries.”

This comment comes a couple of months after Canada announced plans to support ‘sovereign AI’ data centres. The concept of Sovereign AI is often applied to corporations that need to protect their data moats, operations, and customers. It allows systems to be deployed without locking into one vendor, maintaining autonomy over system operations and adaptation. In the case of defence, the ability to control and adapt systems quickly and securely can be mission-critical.

Advanced AI is also being applied across defence tech offerings, from drone-based AI and intelligence analysis to cyberwarfare. Quantum capabilities are also poised to enter the fray.

Christian Weedbrook, founder and CEO of the recently public Xanadu, sees quantum computing as the next big technological leap and inherently dual-use, thereby benefiting from state-driven support: “... the U.S. government and other governments around the world have really injected a lot of money into the development of a large-scale quantum computer.”

A shocking reality: Canada’s ~16-year procurement cycle

If defence tech is a core component of sovereignty, but the average procurement cycle takes over 16 years, is true sovereignty possible?

“We note that the average procurement cycle is 16 and a half years,” said Mina Mitry of Kepler Communications. “That’s beyond the lifespan of any company starting to ever care about government as a user....” By the time the public sector is ready to buy, the startup ecosystem that built the solution has often moved on to another problem.

Eliot Pence of Dominion Dynamics also argues for the rapid prioritization of Canadian companies. “We are now at an inflection point,” he says. “What good looks to me is privileging explicitly Canadian companies…and doing it very quickly. I’m talking week cycles, day cycles, hour cycles.”

In an effort to improve defence procurement, the federal government has established the Defence Investment Agency and the Defence Industrial Strategy to reduce red tape and prioritize domestic manufacturing. The aim is to position the government as a ‘first customer.’ This way, sovereignty-enabling technologies are not pushed toward faster markets and foreign buyers.

The procurement system may require a philosophical shift, not only a procedural one.

As Co-founder and CEO of Build Canada, Lucy Hargreaves noted, the previous model was to “spec out exactly what they wanted in a great amount of detail, and companies would bid for that...” It’s an approach that assumes the state knows the solution before the market does. That rigid process often can’t keep up with the pace of innovation.

Pence suggests that co-development could be essential. He describes a 90-day trial during which a product went through ~200 dot updates and four fundamental refactors: “I would not have known what they wanted unless I had co-developed [with] them...”

Although collaborating more closely with emerging companies could be beneficial, that practice increases the risk that a government becomes responsible for picking tech winners and losers.

Funding woes force Canadian companies out

The early funding gap is notorious in Canada.

As is our reliance on U.S. capital. Roughly 65% of VC capital invested in Canadian startups comes from foreign sources, and mostly from the U.S.

That often compels companies to move stateside, leading to another phenomenon: Canadian companies must prove themselves elsewhere first, then come home.

As Mitry describes: “We started the business, we raised capital from the U.S., we sell to the U.S. as our first customer. We go sell to Europe as our second customer. And we come back to Canada and say, okay, now we’re a qualified entity.”

Pence outlines a procurement and policy environment that historically favoured non‑Canadian firms, forcing Canadian companies to rely on foreign primes/markets: “We took a long time to buy things. And we, generally speaking, privileged, frankly, not Canadian companies.”

It’s now fairly common knowledge that Canadian companies often have to move stateside to take off.

Xanadu’s Weedbrook echoes this problem, explaining why the company decided to work with DARPA in the U.S. “As a startup and entrepreneur,” he says, it’s imperative that they try to “get some of that money....”

If money is limited at home, why not work with a close ally? Weedbrook adds that the Canadian government has established the Canadian Quantum Champions program to help keep Canadian IP and support quantum companies here at home. Related plans could include quantum datacenters, anchored by Canadian talent.

Canada’s international corporate outflow could be viewed as an extreme form of brain drain. Talent, capital, and IP are all more likely to accumulate elsewhere first. In terms of sovereignty, that outflow presents a vulnerability.

AI Minister Evan Solomon acknowledged that he wants companies investing in Canadian talent, “but we don’t just want to be a branch plant nation.” Speaking to the Tech Week audience, he says he wants innovators to stay on home soil, admitting, “We’ve got to do better.”

This challenge largely comes down to investment. According to Elliot Pence, pension plans could play a decisive role in scaling sovereign technologies: “...we should tell the pension funds to invest in Canadian companies. That’s what successful countries do.”

Indeed, countries like Norway are often much more intentional about directing domestic capital toward strategic sectors.

Could Canadian risk aversion be holding it back?

The “fail fast” mantra is common in the tech industry, but not so much in the policy world. As Mitry put it, “Oftentimes, there’s just a risk aversion. If I [spend] a million dollars with you, and it doesn’t work out well… that’s compromised my next promotion.”

“That mentality really has to shift,” he adds. Currently, decision-makers need “air cover or policy air cover.”

That is the crux of the issue. A paradigm shift may require institutional permission to take measured risks and then scale what works.

Building Canadian sovereignty in sync

Canadian sovereignty may look a bit different from that of the bigger players, due to its smaller size and constrained economy. That process could involve more collaboration and international integration than one might typically expect.

As a nation located next to the biggest market and military on the planet (while maintaining relationships with other world powers), the opportunities to engage and build are there for the willing.

Despite obvious struggles, it appears that exploration into Canada becoming a robust first customer has begun — a giant leap toward moving beyond sovereignty as a slogan.

Will AI take our jobs? Will it even matter in an ‘age of abundance’?

As economies sputter, industries shed jobs, and AI tensions rise, the world stares down an AI industrial revolution: What will happen to young workers in an already brutal job market?

There are many variables at play here, so I examined a few pieces of this puzzle for the publication Sitka Media (which is new, nonpartisan, and entirely reader-funded).

New jobs are no doubt being created by AI, and deadly diseases will surely be cured. Lots of excellent stuff. But the technological transition could be rough on people. Especially among young people who are already living through Sisyphean times.

The Canadian government recently laid out its AI strategy, AI for All, which focuses on pillars like technological and sector growth, as well as worker training.

The problem, of course, is that things could get messy real fast. Hundreds of thousands of young Canadians are already out of work, autonomy is eroding jobs, and the economy is… not so hot.

Plenty more to read in the article, with interesting takes from folks at BCIT, Future Skills Centre, and the Macdonald-Laurier Institute ↴

Full Article →

Building a gold standard for sustainable mining

Mining is not a pretty process. We’ve all seen the sweeping scars on Earth’s surface and read about the toxic ponds and disrupted ecosystems. But mining is a modern reality, and one that supports livelihoods worldwide. In Canada alone, the mining industry employs hundreds of thousands of people.

Concerned scientists are working to ensure that mining remains an increasingly sustainable industry that minimizes its environmental impact.

Canada is helping to lead that charge, thanks to researchers like Tyler Ciufo, who help support the industry with deep geologic knowledge and a sustainable ethos.

Ciufo holds a Master of Science in Earth Sciences from the University of Waterloo and works as an exploration geologist at Alamos Gold, which operates mines worldwide, including in northern Ontario.

Ciufo recently described how his commitment to the environment drives his work.

“It needs to be done, but there are ways to do it responsibly. We need to have a solid reclamation plan and actively minimize our impact. I think about this on a daily basis.”

Tyler Ciufo, Exploration Geologist

Every day, we interact with technology that requires mined minerals like gold, copper, and lithium: from computers and smartphones to solar panels and MRI machines. Minerals like these help keep countries like Canada in business.

Due to our unique geography and location, we rely on natural resources to drive our economy and build a solid foundation for citizens. In 2023, the Canadian mining industry directly employed 430,000 people (in mining, processing, and manufacturing) and another 263,000 indirectly, for a total of 693,000 people.

Balancing economics and environment

Mining is essential, but we know it can come with a heavy cost.

Extracting gold, for instance, typically requires moving massive amounts of rock and soil, which can lead to habitat loss, high water consumption, and chemical contamination from byproducts like cyanide and mercury (if not managed carefully).

Outside of Canada, regulations and sustainable practices are often far less rigorous or nonexistent.

Mining operations worldwide have contributed to deforestation, tailings dam failures, and water pollution, particularly in regions without regulation. From greenhouse gases to mercury emissions that cause worker illness, enormous challenges lie ahead for the global gold mining industry.

It’s therefore no wonder that the need for responsible practices continues to grow, with more than 3,000 tonnes of gold mined annually worldwide. And demand remains high.

“I realized you can work in industry and still bring an environmental and sustainability mindset to what you do… you have to.”

Canada’s approach to sustainable mining: continuously building responsibility

Following the Towards Sustainable Mining (TSM) framework, Canada has adopted sustainability as a core value driver of its mining industry. And although challenges remain, Canada is now home to some of the world’s most advanced mining companies, academic researchers, and ESG efforts.

With precise geochemical analysis and advanced reclamation plans, geologists like Tyler Ciufo are helping the industry find ways to strike a balance between economic necessity and environmental responsibility.

Their goal is to help minimize the mining footprint from the outset, while supporting regulatory requirements:

Environmental & Impact Assessments

Before any gold mining project can move forward, it must undergo rigorous environmental and impact assessments per federal and provincial laws. Researchers analyze potential impacts on water, wildlife, air quality, and local communities. Assessments also require public input, including consultation with Indigenous communities. The aim is to make sure that traditional knowledge and land use are considered from the start.

Reclamation Mandates

By law, mining companies are required to present detailed reclamation plans and provide financial guarantees to ensure the restoration of mine sites upon project completion. This involves returning land to its original state or repurposing it for new uses like wildlife habitats or community recreation. Reclamation tasks can range from recontouring the land and replacing topsoil to replanting native vegetation and monitoring the site’s recovery over time.

Tailings Management

Management of mine tailings (waste materials) is one of the most critical aspects of responsible mining. To minimize spill and contamination risks, operators build out advanced monitoring systems and storage facilities. Industry standards, like the Mining Association of Canada’s Tailings Guide, set detailed expectations for safety and environmental protection. With newer technologies like dry-stack tailings and continuous real-time monitoring, risks can be reduced even further.

Water Stewardship

Because water is a critical mining resource, its usage is thoroughly monitored and reported. Water is often recycled and used on-site using advanced treatment technologies like membrane filtration (nano filtration and reverse osmosis). Any treated water released into the environment is subject to strict quality standards to protect local watersheds.

Transparency & Reporting

Regulators require regular reports on environmental performance, many of which are publicly available. Those reports include data on water usage, greenhouse gas emissions, tailings management, and eventual reclamation efforts. Many companies also opt to participate in voluntary initiatives like the TSM.

“TSM requires member companies to annually assess their performance against six protocols focusing on three core areas: Communities and People; Environmental Stewardship; and Energy Efficiency.”

Global perspectives: gold mining by the numbers

In 2022, Canada produced approximately 220 tonnes of gold, making it the world’s fifth-largest gold producer. As of 2023, Canadian mining assets were valued at nearly $337 billion.

Worldwide, gold production reached almost 3,100 tonnes in 2022, with the top producers being China, Russia, Australia, and Canada.

Canadian gold is often labelled ‘conflict-free’ because it’s sourced under robust environmental and ethical guidelines. By contrast, many countries do not enforce strict sustainability standards, and many global operations are linked to environmental degradation and human rights issues.

As a resource-reliant economy with talented researchers, Canada has a unique capacity to develop, improve, and share sustainable mining practices globally. The Canadian mining industry might serve as a model for responsible mining practices worldwide, particularly in developing nations.

“The mining sector is a cornerstone of the northern economy and is a significant customer of territorial and Indigenous businesses across sectors including communications, energy and transportation infrastructure, and commercial services.”

— Canadian Northern Economic Development Agency

Preserving marine ecosystems and livelihoods in Canada’s fishing industry

Hundreds of kilometres from Canada’s startup hubs, a sustainable tech company is rising from the waters of Halifax, in the heart of Canada’s fishing community.

Cofounded by Halifax locals Aaron Stevenson and Ross Arsenault in 2017, Ashored is charting new fishing territory with fishing gear solutions that maximize yields while protecting ecosystems.

The company’s flagship technology is built to minimize fishing gear entanglements and losses, which have long threatened marine life in Canada and abroad.

“In 2017, 17 endangered North Atlantic Right Whales died off our coasts from entanglements in fishing gear and ship strikes. The problem threatened the industry with more than $2B worth of annual exports at stake. It was a problem that struck at the very heart of the region.”

— Aaron Stevenson, Ashored CEO & Cofounder

That heavy loss, and the resulting toll on the industry, signaled an urgent need for innovative solutions to protect marine life and the livelihoods that rely on local fishing.

The global fishing industry’s environmental impact is infamous, from overfishing and bycatch to habitat degradation. According to NOAA Fisheries, maritime activity continues to have a severe effect on the North Atlantic right whale population of only ~360 individuals (and fewer than 70 females of reproductive age).

Fishing also contributes to our global plastic pollution problem:

• 46% to 86% of plastic in the Great Pacific Garbage Patch originates from offshore fishing and aquaculture

• 640,000 to 1 million tonnes of fishing gear is lost or discarded in the ocean every year, making up 46% of the Great Pacific Garbage Patch

• 10-20% of global marine plastic pollution is ghost fishing gear

“Healthy oceans are essential for healthy lives… Living here, the oceans are very much part of who we are. It is our culture, our heritage, and, for many, our livelihood and our future.”

Building deeper intelligence: Ashored’s smart buoy system

Marine life usually gets into trouble near the water’s surface, where most fishing gear is found. Ashored’s system keeps all fishing gear (cages, buoys, and ropes) safely on the seabed until needed by fishers at the surface.

The system also creates a digital map of the gear on the seafloor, so surface buoys aren’t required. By minimizing gear loss, Ashored also helps reduce ocean plastics and ghost fishing, where lost or abandoned fishing gear continues to catch marine life.

“Everything is controlled by a deckbox from the vessel, along with Ashored’s gear marking and retrieval software, developed in-house.”

Ashored’s system, designed with input from fishing teams, is built to be trap agnostic to promote long-term sustainability and compatibility with a fisher’s existing crab and lobster gear.

Here’s how it works:

• When needed, the gear is released with an acoustic trigger, and the buoys, rope, and cage lift to the surface.

• Everything is managed with a deck box on the vessel, which is integrated into Ashored’s proprietary software.

• System sensors collect data like temperature and gear location.

• Real-time tracking helps fishing teams quickly locate traps, particularly in bad weather, reducing the likelihood of creating marine debris.

• Smart tags on the buoys enable GPS and IoT capabilities so gear can be tracked gear accurately, reducing the time and fuel spent searching for lost equipment.

“Direct feedback from fishermen is very valuable to every aspect of our design and innovation process...Ashored has designed the systems to integrate as smoothly as possible into current fishing practices...”

An early success story: keeping Cape Breton crabbers in business

The Ashored system is already helping fishing teams navigate regulations while staying profitable.

In early July 2024, North Atlantic Right Whale protection measures took effect, leading to temporary fishing closures in several zones off the Cape Breton coast. Fishers were required to remove all traps within 48 hours, but the teams equipped with Ashored’s Rope-On-Command system were able to continue fishing and meet their quotas.

That option can make an immense difference for a fishing community. For example, a moderate snow crab catch of ~1,000 pounds a day at a conservative price of $5 per pound could gross ~$5,000 a day for one fishing team.

“We collaborate with fishery associations and others to ensure that the technology we develop and deliver is not only effective today, but also prepares them for the market of tomorrow.”

Ashored’s biggest challenges: underwater acoustics and the regulatory landscape

Harsh marine environments pose unique challenges, from dealing with underwater noise interference to ensuring durability against deep-sea pressures.

• Underwater Noise: Differentiating between acoustic commands and background noise required advanced noise rejection techniques.

• Durability and Reliability: Ensuring the release mechanism’s functionality under high-pressure conditions necessitated robust materials and coatings.

• Balancing Design Factors: Optimizing cage weight, release mechanism strength, and buoyancy was critical for visibility and reliability.

“Beyond Canadian borders, the team has worked closely with agencies like [NOAA] and the US Coast Guard to understand and comply with the regulatory requirements for deploying our technology in US waters.”

Regulatory and environmental pressures

The regulatory landscape can vary wildly across regions, both domestically and internationally. Navigating those regulatory landscapes requires long-term engagement with federal and state agencies to remain compliance.

Ashored collaborates with organizations like the Sustainable Fisheries Partnership and government agencies like Fisheries and Oceans Canada to develop industry-wide best practices, and also engages closely with First Nations associations, like Millbrook First Nation and Peskotomuhkati First Nation, to integrate traditional ecological knowledge into their operations.

“A future feature we are developing will enable us to tie logged environmental data from our MOBIs with fishing activity.”

Charting a better, sustainable course in fishing technology

From using recyclable fibres to testing the entire system while wearing fishing gloves, the Ashored team is heavily focused on optimizing product materials.

It aims to reach 100% recyclability in future product iterations.

The team will also incorporate environmental data logs, traceability, and automation to enhance its system functionality and expand the scientific research potential.

Innovation, of course, is only as powerful as accessibility allows. So, costing has become key to sustainable fishing. To ensure accessibility for small and medium-sized fisheries, Ashored offers a seasonal leasing model at $100/unit/month to make technology adoption financially feasible.

“Traceability and sustainability will help encourage the adoption of this technology aiding in setting fair market prices for its use. Additionally, we are investigating methods of introducing automated behaviour to our system to ensure harvesters can focus on their job.”

Global perspectives: ghost gear the world over

Every year, an estimated 650,000 animals — whales, dolphins, seals, turtles, and other small cetaceans — are trapped by ghost gear. As much as 1 million tonnes of pollutes oceans worldwide, making ghost gear one of the most severe yet overlooked sources of ocean pollution.

Under UN guidance, countries are increasingly focusing on collaborative solutions to combat this problem. This has placed pressure on fishing communities, which are increasingly seeking sustainable and practical technical solutions to bycatch.

These are sobering challenges. But if Ashored’s mission is any indication, scalable solutions are close on the horizon.

Taking Canada’s Space Ambitions to New Heights

When we talk Canadian innovation, the typical northern gems come to mind: fintech, AI, and healthcare. But Canada’s space industry has long been quietly pushing the country further into orbit.

From the Canadarm to companies like MDA, our space program and industry are renowned and deeply ingrained in international programs, like the International Space Station. Given the global coordination and funding required to run a complex space program, the international nature of space has historically been a strategic advantage, especially for economically constrained nations like Canada.

However, our reliance on other nations can also lead to over-dependence — something that NordSpace is on a mission to change.

The company aims to provide Canada with sovereign access to space across the entire lifecycle, encompassing rockets, satellites, and launches from Canadian soil.

That’s quite the challenge. But NordSpace’s founder is uniquely positioned to undertake that journey. Speaking at Tech Week Toronto, NordSpace founder Rahul Goel described how he decided to build SaaS companies with the ultimate aim of generating funds for his ambitious space mission. (A model that’s reminiscent of Musk’s creation of software companies to later fund his space ambitions.)

From Newfoundland, With Thrust

Headquartered in Toronto, NordSpace is building what could soon become a critical piece of space infrastructure: a spaceport in St. Lawrence, Newfoundland. Nestled near a former fishing town, the spaceport has already built close ties to the local community, hosting regular open houses and student rocketry days.

It’s a strategic response to decades of launch delay.

“Canada is the only G7 country without sovereign access to space. We’re behind two dozen other nations who are already moving fast. That needs to change, and we’re going to be the ones to change it.”

Mirroring its national mission, the company is vertically integrated, focused on building:

• Launch Vehicles: Their Tiger, Tundra, and Titan rockets are on track to make Canadian space history, with Titan’s first launch scheduled for the 2030s, potentially the first wholly Canadian orbital launch ever.

• Propulsion Systems: The Hadfield and Earn engines are 100% Canadian-built and tested on a 50-acre site established in just a few months, thanks to local and in-house manufacturing talent.

• Satellites: The company’s first satellite is scheduled to launch in June 2026, testing electric propulsion, a Canadian-built satellite bus, and AI-driven imaging systems.

Canada’s Brain Drain Is Real. NordSpace Wants to Reverse It.

Canada has one of the best-educated populations on the planet. However, highly educated Canadians often find better opportunities for economic mobility abroad.

To change that, Goel aims to inspire other Canadians to dream big.

“We’re losing our best people. I graduated in aerospace from UofT in 2016, and most of my cohort isn’t in Canada anymore. We’re losing not just talent, but hope. We need to give people something to believe in.”

NordSpace’s team includes engineers and technicians who are friends of Goel’s from high school STEM programs. And when it comes to inspiring others to aim higher, Goel is the person for the job, having lived in his car while bootstrapping SaaS businesses to self-fund his rocket R&D.

The Economic Case for Space Sovereignty

Canada currently spends hundreds of millions of dollars launching satellites through U.S. or international providers.

For instance, Goel described how Ottawa’s Telesat (a would-be sovereign alternative to Starlink) is spending roughly US$1.5 billion (largely taxpayer-funded) to launch from the United States.

“If we had the infrastructure here, that money would stay in Canada. It would power our supply chains, our engineering base, our job creation.”

Goel estimates that NordSpace’s spaceport and manufacturing hub could generate thousands of jobs over the next decade, spanning fabrication, logistics, regulatory compliance, and advanced research.

While countries like New Zealand, Scotland, and Sweden are already punching above their weight in space technology, Canada’s launch capacity has lagged.

NordSpace is betting that with enough grit, private capital, and a little national pride, the country can play catch-up fast.

Reports show the opportunity is already there:

• The global space economy is projected to hit $1.8 trillion by 2035, more than doubling from $630 billion in 2023 (McKinsey).

• Canada’s space sector contributed $2.3 billion to GDP in 2022 and supported 22,000 direct and indirect jobs (CSA Report).

Much More Than Rockets

As the NordSpace team battles sub-zero temperatures and swarms of black flies while designing engines and testing rockets, they’re looking to launch more than rockets.

Goel and the team are building a movement.

From Newfoundland to British Columbia, Goel wants kids from anywhere across Canada to know they can build amazing things.

“There are moments where countries choose to be leaders. This is ours. Let’s not waste it.”

Adaptability is the answer

Toronto Tech Week hit its stride quickly with an incisive keynote from Meghan Chayka, co-founder of Stathletes, a hockey analytics platform that provides insights on player behaviour to NHL teams and development organizations.

Speaking at the Women in Sports & Tech session, the dynamo CEO and data scientist shared lessons from leading in sports tech, including the benefits of continuous upskilling and the glaring funding inequities.

Her core message: Modern tech leadership will demand continuous adaptability from leaders, alongside industry support.

Building support systems for women founders

The tech industry is already a thorny path for women. Being a leader in the sports corner of tech adds even more hurdles, and Chayka addressed the pervasive gender disparity in business and venture funding (particularly in Canada).

“It’s very common knowledge that under 2% of venture capital goes to women...”

Those challenges are echoed at home and abroad:

• Only 13% of Canadian tech firms were founded or co-founded by women, and only 18.4% of Canadian SMEs are majority-owned by women.

• Globally, women-only founding teams received only 2.3% of venture capital in 2024, a minor improvement from 2.1% in 2023. In Canada, the numbers are slightly better in some cities: Montreal at 3.5%, Toronto 3.2%, and Vancouver 2.9%.

• As of 2025, 30.6% of Canadian university students in mathematics, computer, and information sciences were women, a significant decline from 37% in the mid-2000s.

• Women make up 38.6% of the tech workforce but hold only 27% of specialist-level roles.

The solution? Chayka suggests focusing on smart money and building strong investor relationships.

Challenges aside, high performance will drive success and innovation

Chayka draws direct parallels between the discipline of high-performance athletes and high-performance leadership. Here, she notes that the ability to rebound from setbacks and learn from failure is crucial, personally and in professional fields.

Balancing roles without burning out

Chayka sounds like a natural hustler, balancing roles as CEO, mother, and part-time data analyst at the University of Toronto. However, the self-identified Type-A leader isn’t glorifying overwork; instead, she advocates for an intentional audit of personal energy.

“Anything I can delegate that doesn’t need me, I do... I’m ruthless with clearing things off of my docket and then refocusing...That delegation component, especially when you scale, makes you so much more impactful.”

Her advice to women founders is both practical and personal: identify what recharges you, protect your focus, and don’t be afraid to say that beautiful little word: “No.”

“Audit your life. What do you do when you are happy? How do you recharge? Spend more time doing that.”

Future proofing: AI and continuous growth

Discussing emerging technologies, Chayka emphasized how she has seen AI and machine learning become increasingly critical for both operational efficiency and long-term strategic advantage.

She acknowledges that not all founders are technical, but that shouldn’t be a barrier (especially with the rise of vibe coding).

“Even non-technical founders can speed up a lot more with AI.... For me, it was being open to any sort of solution.”

Of course, bringing in pros is one of the quickest ways for a venture to adapt and stay competitive.

To remain ahead of the curve, Chayka emphasized the need to collaborate and leverage technical expertise through hiring, partnerships, and AI tools.

Throughout, Chayka reiterated the need to play a long game: investing in relationships, setting audacious goals, pursuing incremental innovation, and designing products for durability, not just for speed.

“Be really good at the role you’re in. If you are that person people are turning to, you’re going to get promotions. You’re going to get the asks. You get bigger projects.