{"id":662109,"date":"2026-05-11T11:23:15","date_gmt":"2026-05-11T11:23:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/662109\/"},"modified":"2026-05-11T11:23:15","modified_gmt":"2026-05-11T11:23:15","slug":"can-ottawa-become-photonic-valley","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/662109\/","title":{"rendered":"Can Ottawa become Photonic Valley?"},"content":{"rendered":"<p>Plus: Are you tokenmaxxing? Tell us.<\/p>\n<p>&#13;<\/p>\n<p>Silicon is so last season.<\/p>\n<p>The material that gave Silicon Valley its name has been surpassed by semiconductor tech 1,000 times faster: photonics, which transmits data on beams of light.\u00a0<\/p>\n<p>Canada <a href=\"https:\/\/betakit.com\/ottawa-plans-to-spin-off-federal-semiconductor-facility-into-commercial-entity\/\" rel=\"nofollow noopener\" target=\"_blank\">announced this week<\/a> that it plans to allow private investment in the Canadian Photonics Fabrication Centre (CPFC), a move Industry Minister M\u00e9lanie Joly said \u201cwill strengthen Canada\u2019s leadership\u201d in the sector.<\/p>\n<p>If you asked the crowd at Chips North in Ottawa, that\u2019s an understatement.\u00a0<\/p>\n<p>Paul Slaby, managing director of Canada\u2019s Semiconductor Council, told me this could create the next TSMC, the world\u2019s largest contract chipmaker, for optical computing in Canada.\u00a0<\/p>\n<p>The CPFC fabricates the compound semiconductors used in faster and more energy-efficient photonic computing. Demand is evident: CPFC director general Velko Tzolov said on stage that clients have asked how much it would cost to buy up 100 percent of its manufacturing capacity.\u00a0<\/p>\n<p>CPFC is the only foundry of its kind in North America and, according to Slaby and others, also the best in the world. By spinning it out, CPFC can get the private capital it needs to scale up and fulfil that demand.<\/p>\n<p>That would also mean Canada is on the ground floor for what hardware leaders see as the next trillion-dollar age of computing. Joe Costello, CEO of Ottawa-based Inpho, likened it to the early days of Silicon Valley.\u00a0<\/p>\n<p>\u201cIt\u2019s not like there are thousands of places to go\u2026 there\u2019s not already some dominant player,\u201d Costello said. \u201cYou gotta come to Ottawa.\u201d\u00a0<\/p>\n<p>If Costello is right, the Ottawa Valley might soon have a new moniker.\u00a0<\/p>\n<p>Alex Riehl<br \/>Staff Writer, Ottawa<\/p>\n<p><a href=\"https:\/\/www.chronoinnovation.com\/chrono-rd\/\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/Chrono-x-BetaKit.png\" alt=\"\"\/><\/a><\/p>\n<p>SR&amp;ED season is brutal for a reason: nobody\u2019s software engineering data is perfectly organized.\u00a0<\/p>\n<p>Work lives across Jira, GitHub, Azure DevOps, Slack, sprint notes, half a dozen places. Someone has to pull it all together: sifting through scattered tickets, meeting with developers, and figuring out what\u2019s even eligible. That\u2019s where the headache lives.<\/p>\n<p>Chrono R&amp;D handles that part. Lucius, Chrono\u2019s AI agent, reads activity across your stack as it happens, even when it\u2019s messy, surfaces the work that likely qualifies, and drafts technical documentation grounded in what your developers actually shipped. A Canadian team recently saved $20,000 in fees on a single claim.<\/p>\n<p>Keep your consultant or use one from our partner network, they just start from real source material.\u00a0<a href=\"https:\/\/www.chronoinnovation.com\/chrono-rd\/\" rel=\"nofollow noopener\" target=\"_blank\">\u200b<\/a><\/p>\n<p><a href=\"https:\/\/www.chronoinnovation.com\/chrono-rd\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Same audit-ready output, without rebuilding the year from scratch.<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/Tokenmaxxing-Banner-Image.png\" alt=\"\"\/><\/p>\n<p><a href=\"https:\/\/betakit.com\/are-you-tokenmaxxing-tell-us\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Are you tokenmaxxing? Tell us<\/a><\/p>\n<p>These days, the mark of success for many tech companies appears to be bragging about outsized AI spending\u2014and BetaKit wants to know whether your workplace is on board. <a href=\"https:\/\/docs.google.com\/forms\/d\/e\/1FAIpQLSexlCNI0SMApcA-BFIQs9ZziJk9VjKtPyVh-7VTX2LcUGbSgQ\/viewform?usp=dialog\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Take our survey<\/a> to tell us whether you\u2019re tokenmaxxing to the fullest.\u00a0<\/p>\n<p>Solomon Says\u00a0<\/p>\n<p>As the Canadian tech ecosystem awaits the federal government\u2019s refreshed AI strategy, this week, Artificial Intelligence and Digital Innovation Minister Evan Solomon provided some insights into the strategy\u2019s direction.\u00a0<\/p>\n<p><a href=\"https:\/\/betakit.com\/first-sovereignty-then-the-world-canadas-rocket-builders-see-a-bigger-opening-in-space\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">First Canada, then the world: nation\u2019s rocket builders see a bigger opening in space<\/a><\/p>\n<p>At the Canadian Space Launch Conference in Ottawa, the founders of NordSpace, Canada Rocket Company, and Reaction Dynamics unpacked what sovereign space launch capabilities truly mean, why we need them, and where they think Canada has an opportunity to lead globally.<\/p>\n<p>Dispatch from NACO Summit<\/p>\n<p>At the National Arts Centre in Ottawa, founders and investors gathered to discuss the state of Canadian venture capital and their plans for the future.\u00a0<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/Neumann-Front-Center-2x1-1.jpg\" alt=\"\"\/><\/p>\n<p>Dispatch from Uniting the Prairies<\/p>\n<p>Uniting the Prairies 2026 brought lessons from Silicon Valley to founders in Saskatoon last week.<\/p>\n<p><a href=\"https:\/\/betakit.com\/canadas-plan-to-ban-crypto-atms-worries-industry-advocates\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Canada\u2019s plan to ban crypto ATMs worries industry, advocates<\/a><\/p>\n<p>A proposal from the federal government to ban the nearly 4,000 cryptocurrency ATMs across Canada is drawing backlash from Canada\u2019s digital asset industry, with advocates and industry leaders calling for more consultation.<\/p>\n<p><a href=\"https:\/\/betakit.com\/the-math-is-not-mathing-how-ai-bubble-fears-are-changing-canadian-vcs-investment-approach\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u201cThe math is not mathing\u201d: How AI bubble fears are changing Canadian VCs\u2019 investment approach<\/a><\/p>\n<p>At the DiscoveryX conference in Toronto last week, leaders from Wittington, McRock, and IRV clashed on whether AI is a bubble, but agreed that some things do not add up as inflated valuations change the types of deals being finalized.<\/p>\n<p><a href=\"https:\/\/betakit.com\/toronto-tech-week-reveals-new-homecoming-speakers\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Toronto Tech Week reveals new Homecoming speakers<\/a><\/p>\n<p>More speakers have signed up to join Homecoming, Toronto Tech Week\u2019s official mainstage event. Float co-founder and CEO Rob Khazzam, Google DeepMind\u2019s Amit Vadi, and Boardy founder Andrew D\u2019Souza will stand in front of more than 1,000 of Canada\u2019s top builders at History later this month.\u00a0<\/p>\n<p>FEATURED STORIES FROM OUR PARTNERS<\/p>\n<p>Closing the loop: How Mastercard is building for agentic commerce<\/p>\n<p><a href=\"https:\/\/betakit.com\/closing-the-loop-how-mastercard-is-building-for-agentic-commerce\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Mastercard<\/a> utilizes its secure payment infrastructure to help consumers and businesses automate the entire commerce journey through \u201cagentic commerce,\u201d moving beyond research to AI-driven execution. By integrating tokenization and clear authorization protocols, the company ensures that these AI-assisted transactions remain human-led while providing the critical trust needed to scale this next evolution of digital payments.<\/p>\n<p>Three European tech founders on why they chose Canada for North American expansion<\/p>\n<p>The <a href=\"https:\/\/betakit.com\/three-european-tech-founders-on-why-they-chose-canada-for-north-american-expansion\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Toronto Business Development Centre (TBDC)<\/a> utilizes its Horizon program to help ambitious European founders automate and accelerate the complex process of expanding their startups into Canada. By providing expert mentorship and direct access to key stakeholders, the organization has streamlined market entry for numerous international innovators, including Authologic, BraveX, and Fluosphera, helping fuel the growth of Ontario\u2019s innovation economy.<\/p>\n<p>\ud83c\udde8\ud83c\udde6 Weekly Canadian Deals, Dollars &amp; More<\/p>\n<p>VAN \u2013 Moment Energy <a href=\"https:\/\/betakit.com\/moment-energy-raises-40-million-usd-series-b-to-give-used-ev-batteries-new-life\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">raises<\/a> $40M USD to repurpose EV batteries<br \/>KW \u2013 Plum <a href=\"https:\/\/betakit.com\/plum-acquired-by-us-based-phenom-to-reduce-bad-hires-in-the-age-of-ai\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">acquired by<\/a> Phenom to reduce bad hires in the AI age<br \/>KW \u2013 OpenText <a href=\"https:\/\/betakit.com\/opentext-reports-steady-revenue-as-new-ceo-comes-aboard\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">reports steady revenue<\/a> as new CEO comes aboard<br \/>TOR \u2013 French Biopharma giant Sanofi <a href=\"https:\/\/betakit.com\/biopharma-giant-sanofi-to-grow-toronto-presence-with-expanded-ai-centre\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">to grow<\/a> Toronto presence<br \/>BRA \u2013 MDA Space <a href=\"https:\/\/betakit.com\/mda-space-full-steam-ahead-on-canadarm3-despite-space-station-cancellation\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">reports<\/a> stellar revenue and future in Q1 earnings<br \/>OTT \u2013 Shopify <a href=\"https:\/\/betakit.com\/shopify-posts-strong-revenue-growth-but-stock-still-falls-on-slow-growth-forecast\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">posts<\/a> strong Q1 revenue growth, stock falls<\/p>\n<p><a href=\"https:\/\/betakit.com\/how-stackadapt-quietly-built-an-adtech-giant\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">The BetaKit Podcast \u2014 How StackAdapt quietly built an adtech giant<\/a><\/p>\n<p>\u201cWith AI, it should bring down the barriers to how you quickly adopt new software without having to become masters of the software.\u201d \u00a0<\/p>\n<p>When StackAdapt started with its adtech solution, competition was fierce and investors didn\u2019t see the opportunity. A decade later, StackAdapt is one of Canada\u2019s largest and most profitable private companies. CEO and co-founder Vitaly Pecherskiy joins to discuss how that happened, and why AI has changed B2B software development.<\/p>\n<p><a href=\"https:\/\/luma.com\/marsdd\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/MaRS-TTW-Betakit-A-600x300-px-Lara-Torvi.jpg\" alt=\"\"\/><\/a><\/p>\n<p>Join us during Toronto Tech Week for a series of MaRS Mornings conversations and networking events that bring together the people building, funding and scaling Canada\u2019s tech future. Whether you are growing a startup, managing a fund or seeking new opportunities this is your daily stand-up with the innovation community.<\/p>\n<p><a href=\"https:\/\/luma.com\/marsdd\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">Explore the event lineup and register for free today!<\/a><\/p>\n<p>Feature image courtesy Chips North.<\/p>\n","protected":false},"excerpt":{"rendered":"Plus: Are you tokenmaxxing? Tell us. &#13; Silicon is so last season. The material that gave Silicon Valley&hellip;\n","protected":false},"author":2,"featured_media":662110,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194295],"tags":[49,48,244758,78044,244759,1048,15913,92482,905,20739,244757],"class_list":["post-662109","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ottawa","tag-ca","tag-canada","tag-canadas-semiconductor-council","tag-canadian-photonics-fabrication-centre","tag-chips-north","tag-events","tag-hardware","tag-melanie-joly","tag-ontario","tag-ottawa","tag-paul-slaby"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/662109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=662109"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/662109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/662110"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=662109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=662109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=662109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}