Startup news round-up: May 2, 2012

Here’s the startup news making headlines today on other Web sites and blogs. The Ontario government is serious about video games, a Waterloo startup is headed to Y Combinator, and ShopLocket offers more payment options.

Ubisoft Toronto eyed for growth

Can Toronto replicate the success of Montreal video game publishing scene? That’s what the Ontario government plans to do by boosting its digital media tax credit and pegging hopes on fast growth of the Ubisoft Toronto office. The hope is to turn Toronto’s collection of mobile and social game startups into mid-size companies with higher headcounts, similar to what has happened in Quebec.

Matt Hartley in the Financial Post

A Canadian startup in Silicon Valley

A Waterloo, Ont.-based startup that seeks to fix the problem of missed parcel deliveries has been accepted into Silicon Valley’s Y Combinator accelerator program. BufferBox had been vying for $50,000 in a LaunchPad competition, but now no longer qualifies for that seed money. Check out BufferBox’s video elevator pitch from our contest last November.

LaunchPad organized by GTAN

ShopLocket’s new payment partner

Newly launched startup ShopLocket now accepts Stripe payments. The Toronto-based firm went live April 25 with its product-based online store accepting PayPal payments, and now offers this alternative. Stripe users that have merchant accounts can simply authorize ShopLocket to begin accepting payments through the system. In addition to ShopLocket’s one-time $2 publishing fee and 2.5 per cent transaction fee, Stripe charges 2.9 per cent plus $0.30 on each payment accepted. There are no setup or listing fees.

ShopLocket blog

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Story

How the CTO can Maintain Cloud Momentum Across the Enterprise

Embracing cloud is easy for some individuals. But embedding widespread cloud adoption at the enterprise level is...

Related Tech News

Get ITBusiness Delivered

Our experienced team of journalists brings you engaging content targeted to IT professionals and line-of-business executives delivered directly to your inbox.

Featured Tech Jobs