BeringHaving learned the ropes as Directors of Sales at Sandvine, cofounders Michael Ho and Nicolas St-Pierre set out to develop technology enabling the delivery of hyperlocal geo-targeted online advertising.

With a major pilot customer signed on and patent-pending privacy architecture, Bering Media has now secured Series A financing from Tech Capital, GrowthWorks Commercialization Fund, and the Ontario Emerging Technologies Fund.

Congratulations to the Bering Media team on the raise as well as Tech Capital for successfully bringing in the OETF on this deal, the first co-investment from the $250M fund.

I was reading Curbed.com’s Lockhart Steele’s presentation on Ten Things Happening on the New York Tech Scene in ’10 and I thought we shouldn’t be left out. So I started to compile a list of things that I’ve been tracking about the Canadian tech scene leading in to 2010.

So here’s my list of what’s going on in the Canadian tech startup scene in no particular order (and I know I’ve a few things like cloud with enomaly and vm6). I probably need to do a little more analysis to get this down to a regional analysis, i.e., Toronto, Montreal, Ottawa, Waterloo, Calgary, Vancouver.

What else did I miss?

10. The Changing Funding environment

9. Existing Players aka the Big Guys

8. Open Data

7. Social Analytics

6. Social Gaming

5. Social Media Channels and Advertising Networks

4. Real-time data and analysis

3. Mobile

2. Blogs

1. Social Places

After a few years and a handful of blog posts, I am at a loss for words other than to say I am glad things are finally rolling and CommunityLend is open for business in Ontario (for accredited investors).

Similar services have both thrived and suffered in the United States in the last 2 years. They have been occasionally targeted by regulators. Prosper.com for example is currently in a “quiet period“,

CommunityLend has taken a much different tact here in Canada however, and they chose to work with regulators rather than taking a litigious approach. In the end the hope is that this will mean a more stable and compliant environment for peer-to-peer lending in Canada.

Are you curious about what being a startup is really about? Do you think there are too many events in Toronto?

“Being in the community is important to you, but being in front of your customers is what is important to your startup.” -  Jevon MacDonald

Well, we’re trying to help connect entrepreneurs, designers, developers and others interested in starting new high potential growth companies. Why? Check out Paul Graham’s What Startups Are Really Like. In particular, 17. The Value of Community. We’re trying to create a peer group, people that are facing similar obstacles in creating new tech, software, mobile, social Internet startups.

“One of the most surprising things I saw was the willingness of people to help us. Even people who had nothing to gain went out of their way to help our startup succeed…The surprise for me was how accessible important and interesting people are. It’s amazing how easily you can reach out to people and get immediate feedback.” – comments on What Startups Are Really Like

I want a vibrant, connected, accessible community of founders, investors, advisors and others in Canada. And I’m not alone. There are great communities across the country in Ottawa, Montreal, Waterloo, Guelph, Edmonton, Calgary, and Vancouver (and be sure to check out StartupDrinks).  Here’s what we’re doing locally:

  1. Consider attending DemoCamp Toronto # 25 on January 27, 2010.
  2. Are you looking for a social opportunity to connect with the individuals that fund high potential growth startups in Canada? You should consider applying to attend Founders & Funders on February 15, 2010.
  3. StartupEmpire is happening on May 20, 2010. Stay tuned for details.

So it’s not about partying, but it is about finding others facing similar challenges and those that might be able to help your startup.

I hope you decide to participate.


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