Wind Mobile signs deal to become foreign-owned

Small Canadian wireless player Wind Mobile has signed a deal to be fully foreign-owned and controlled by a global telecom company.

The agreement is with VimpelCom subsidiary Orascom, which already owns 65.1 per cent of the company and was an original financial backer of Wind Mobile, chairman and CEO Anthony Lacavera said Friday.

Canadian innovation: Revolutionary paper tablet reveals future tablets to be thin and flexible as paper.

Intel®, Plastic Logic and Queen's University work together to revolutionize tablet computing

Cambridge, UK and Kingston, Canada - January 7, 2013 -- Watch out tablet lovers -- A flexible paper computer developed at Queen's University in collaboration with Plastic Logic and Intel Labs will revolutionize the way people work with tablets and computers. The PaperTab tablet looks and feels just like a sheet of paper. However, it is fully interactive with a flexible, high-resolution 10.7" plastic display developed by Plastic Logic, a flexible touchscreen, and powered by the second generation Intel® Core i5 processor. Instead of using several apps or windows on a single display, users have ten or more interactive displays or "papertabs": one per app in use.

Canadian Prime Minister earmarks $400m to stimulate VC investments

In an effort to encourage activity in the Canadian venture capital community, Prime Minister Stephen Harper has set aside C$400 million (US$407 million) to stimulate private-sector investments in the country, Global News reports.

Harper admitted during a news conference that Canada’s venture capital markets have been faced with “mixed results” over the past 10 years, especially during the recent economic crisis.

His Venture Capital Action Plan sets aside C$250 million for new funds in cooperation with provinces or investors. An additional C$100 million will go toward pre-existing funds and C$50 million will be put into “high-performing Canadian venture capital funds,” according to the report. The money will be disbursed over the next seven to 10 years.

“Our government firmly believes strong action is required to bolster the available risk capital in Canada,” Harper said, while on the set of “Dragon’s Den“, a television show that features entrepreneurs pitching to venture capitalists.