Simon Tuck over at Globe Investor has a story on the cost and the benefits the country's "Technology Partnerships Canada" fund. It is worth reading if for no other reason than to realize how much the technology sector in this country depends on government aid.

U.S.-based Global CONNECT and MaRS - a Canadian convergence innovation centre - announced they will hold the 2006 Global CONNECT annual conference in Toronto, Ontario. The conference will be held December 6 through 8 at the MaRS Centre in Toronto.

Communitech: Waterloo Region Technology Association, announced that it will receive $1 million over the next three years from the Ontario Ministry of Research and Innovation to help entrepreneurs and researchers transform innovations into marketable products and to bridge the gap between the business and research communities.

BDC and Flintbox - an online platform for marketing and licensing academic research in Canada - announce a partnership to create a new research commercialization solution.

Bluestreak Network, Inc., a leading provider of mobile TV and digital television technology, announces the completion of $8 million in C-Round equity financing by internal investors Solidarity Fund QFL, BDC Venture Capital, and First Capital Group.

AirG, a Canadian mobile communities and wireless social networking powerhouse, announced that as of May 1, 2006, its mobile community surpassed more than 10 million unique users, making it the fastest growing mobile social network in the world.

Pangaea Ventures Ltd. announces that it has completed its first close of Pangaea Ventures Fund II (a proposed US$50 million fund), LP with lead investors BASF, Solvay and Ciba Specialty Chemicals. Pangaea Ventures is focused on advanced materials and specialty chemicals, including energy technology, environmental technology and nanotechnology.

Nexient Learning Inc. announced that it has raised gross proceeds of approximately $5,087,000 to date by way of previously announced debt and equity private placements.

Chrysalix Energy LP, a global venture capital firm focused on Clean Energy technologies, announced in August that it has closed a total of $70 million in capital commitments for its second Clean Energy fund.

VenGrowth Private Equity Partners Inc. announced it has successfully exited its investment in Quake Technologies (Canada) Inc. ("Quake") following the completion of an acquisition by Applied Micro Circuits Corp. ("AMCC") for approximately $US80 million.