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Events / Business / BDC invests in Canadian defense tech
Business investment

BDC invests in Canadian defense tech

Analysis based on 6 articles · First reported May 27, 2026 · Last updated May 27, 2026

Sentiment
60
Attention
4
Articles
6
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The investments by Canada — Business Development Bank of Canada>>> in Photonic Inc.>>> and Lastwall>>> are expected to boost the Canadian technology and defense sectors, potentially leading to increased innovation and economic growth. This could positively impact investor confidence in Canadian tech companies focused on critical technologies and defense applications.

Technology Defense Cybersecurity
Event Summary

The Canada — Business Development Bank of Canada>>> (BDC) announced new investments through its StrongNorth Fund in Canadian dual-use innovators, Photonic Inc.>>> and Lastwall>>>, to strengthen Canada>>>'s defense capabilities. Photonic Inc.>>> is a quantum technology company, while Lastwall>>> specializes in secure identity management. BDC also partnered with UBC Sauder School of Business>>>' Scale Up Program to help Canadian companies expand into defense markets. These initiatives aim to enhance Canada>>>'s economic and defense sovereignty by fostering critical technologies and integrating new entrants into established defense supply chains. Peter Dawe>>>, Karl Holmqvist>>>, and Don Mattrick>>> provided quotes on the significance of these developments.

Entities Involved
govactor
Canada — Business Development Bank of Canada
The Canada — Business Development Bank of Canada>>> announced new investments through its StrongNorth Fund and a partnership with UBC Sauder School of Business' Scale Up Program to strengthen Canada's defense capabilities.
Importance 100.0 Sentiment 70.0
priv
Photonic Inc.
Photonic Inc.>>> received investment from Canada — Business Development Bank of Canada>>>'s StrongNorth Fund to advance its quantum computing and networking technologies, strengthening Canada's position in this critical technology.
Importance 90.0 Sentiment 80.0
oth
Lastwall
Lastwall>>> received investment from Canada — Business Development Bank of Canada>>>'s StrongNorth Fund to enhance its secure identity management solutions for defense and government teams, contributing to Canada's cyber resilience.
Importance 90.0 Sentiment 75.0
cnt
Canada
Canada>>>'s defense and economic sovereignty are being strengthened through strategic investments in critical technologies like quantum and cybersecurity, enhancing its national security and global competitiveness.
Importance 80.0 Sentiment 60.0
oth
UBC Sauder School of Business
The UBC Sauder School of Business>>>' Scale Up Program partnered with Canada — Business Development Bank of Canada>>> to help Canadian companies scale into defense and dual-use markets, fostering procurement readiness and export growth.
Importance 60.0 Sentiment 50.0
per
Peter Dawe
Peter Dawe>>>, Vice President, Defence Strategy at Canada — Business Development Bank of Canada>>>, emphasized the importance of technology in shaping Canada>>>'s defense and economic sovereignty.
Importance 50.0 Sentiment 60.0
per
Karl Holmqvist
Karl Holmqvist>>>, Founder and CEO of Lastwall>>>, highlighted Lastwall>>>'s proven model in the federal market and its contribution to Canada>>>'s cyber resilience.
Importance 50.0 Sentiment 70.0
per
Don Mattrick
Don Mattrick>>>, CEO of Photonic Inc.>>>, stated that the financing reflects strong global conviction in Photonic Inc.>>>'s approach to commercial-scale quantum computing and its potential impact.
Importance 50.0 Sentiment 70.0
Relationships
Canada — Business Development Bank of Canada related ↔ Canada
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