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Canadian startups brace for U.S. tariff fallout, survey shows

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A new survey from MaRS Discovery District and Communitech finds Canadian startups facing revenue risks and exploring alternative markets as U.S. trade uncertainty grows. 

TORONTO, March 31, 2025 /CNW/ – A new survey conducted by MaRS Discovery District and Communitech reveals that Canadian startups are preparing for significant disruption if U.S. tariffs are imposed. More than three-quarters of respondents expect direct or indirect impacts on their businesses, with potential implications for revenue, investment and hiring.

The survey, conducted between February 10 and March 10, 2025, gathered responses from more than 175 startups across healthtech, cleantech and advanced manufacturing. The findings underscore Canadian startups’ reliance on U.S. markets and the urgent need for ventures to diversify their revenue streams and secure alternate growth pathways.

Key survey insights:

70% of startups generated U.S. revenue in 2024, reflecting an overarching reliance  on cross-border trade.41% foresee a direct hit to 2025 revenue if proposed tariffs are imposed, with some companies already exploring new markets.58% raised concerns about cross-border sourcing, voicing  worries about supply chain stability.64% of companies are not planning to reduce headcount, affirming  a strong commitment to retaining talent in the face of  uncertainty.26% of ventures are reassessing international expansion plans with a renewed focus on the U.K., EU and Asia. 

“The threat of U.S. tariffs is forcing Canadian founders to rethink growth strategies and explore alternative markets,” says Grace Lee Reynolds, CEO of MaRS Discovery District. “This is a critical moment for Canada to strengthen its innovation ecosystem and create new pathways for global growth.”

Read the full analysis on the MaRS website: Bracing for impact: Volatile trade relations with the U.S. could have devastating effects on Canada’s innovation ecosystem 

About MaRS
MaRS Discovery District is a charitable organization and North America’s largest urban innovation hub, dedicated to helping Canadian technology companies succeed. With a focus on climate, health sciences and other emerging technologies, MaRS supports startups tackling some of the world’s most pressing issues.

MaRS spans more than 1.5 million square feet of cutting-edge office, lab, meeting and event space in downtown Toronto across two locations — the MaRS Centre and MaRS Waterfront. Since 2010, MaRS has helped ventures generate $11.5 billion in cumulative revenue, raise $19 billion in funding, and create and maintain more than 33,000 jobs. The MaRS platform also includes MaRS IAF, one of Canada’s top seed-stage venture funds. Through its world-class facilities, strategic programs and partnerships, MaRS accelerates the adoption of groundbreaking Canadian technology and bolsters a globally competitive innovation ecosystem.

SOURCE MaRS Discovery District

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StarHub Powers Up Its Network with 5G+

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Get more with wider coverage and up to four times faster speeds indoors and underground

SINGAPORE, Sept. 1, 2026 /PRNewswire/ — StarHub has launched 5G+, powered by the deployment of 700MHz spectrum to give customers a strong, more consistent network experience. Available across every StarHub 5G mobile plan, 5G+ gives customers more from their connectivity in the places where they need it most.

From office towers and crowded malls to basements, car parks and live events, some of the places where customers rely most on their network are also where connectivity are most tested. With 700MHz reaching deeper into buildings and harder-to-reach spaces, 5G+ delivers wider coverage and speeds of up to four times faster indoors and underground, helping customers stay connected as they move through their day.

Existing customers on StarHub 5G mobile plans will get 5G+ automatically, while new customers will get it from day one. With 5G+ across every StarHub 5G mobile plan, customers can get more from their network, whichever plan they choose.

For enterprises, 5G+ provides more dependable connectivity for critical teams and operations. With StarHub’s Enterprise Priority Services, organisations can also prioritise network access for key users and workflows when demand is high, helping keep field operations and collaboration tools running when it matters most.

Get More Out of Your Lunchtime at Lau Pa Sat

More coverage, more speed, and now more ice cream. For one day only on 2 September 2026, StarHub is bringing “more” to lunchtime at Lau Pa Sat. From 11.30am to 3pm, diners can enjoy unlimited complimentary ice cream as part of StarHub’s 5G+ launch celebrations. Competitive eater and influencer Zermatt Neo will kick off the fun with a lunchtime eating challenge, livestreamed on TikTok using StarHub’s 5G+ network.

5G+ builds on StarHub’s continued investment in its network and capabilities to give customers a better experience and more from their connectivity, wherever the day takes them.

For more information on StarHub 5G+, visit http://www.starhub.com/5g-plus.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/starhub-powers-up-its-network-with-5g-302865993.html

SOURCE StarHub Ltd

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Hinen at Solar & Storage Live UK 2026: Powering Smarter UK Homes with A15 RESS

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BIRMINGHAM, England, Sept. 1, 2026 /PRNewswire/ — Hinen will exhibit at Solar & Storage Live UK 2026, taking place at the NEC Birmingham from September 22–24, 2026. Visitors can find Hinen at Booth G12B, where the company will showcase its latest energy storage solutions, with the A15 Residential Energy Storage System taking centre stage.

As the UK’s largest solar energy exhibition, Solar & Storage Live UK brings together buyers, installers and industry leaders from across the energy value chain. Hinen will engage with partners and homeowners to explore smarter, more flexible residential energy solutions.

Smarter Energy for Modern UK Homes

As more UK households adopt solar PV, EVs and heat pumps, smart energy storage can help homeowners make better use of renewable energy and reduce reliance on grid electricity.

At the show, Hinen will highlight the A15 RESS, combining an A-series hybrid inverter with the B15 high-voltage battery. The system offers 14.4 kWh of storage per battery, up to 86.4 kWh of total capacity, 8,000+ cycles and an ultra-slim 180 mm design. Its smart energy management capabilities help homeowners optimise when to store and use energy, supporting greater energy independence and flexibility.

Comprehensive Energy Solutions

At the event, Hinen will also showcase a range of solutions tailored to different energy needs:

A Series H6S: 3.6–6kW single-phase all-in-one system for small homes.A Series H25T: 10–25kW three-phase all-in-one system for larger homes and small commercial applications.H6000-EU + B5000D-W: Flexible low-voltage solution for everyday home energy needs.H6000S + B5000D-W: Reliable Low-voltage solution with parallel function.E2400S + E2560B: 2400W balcony energy storage for space-constrained homes.PU1800 & PS3000: Portable power for travel, outdoor use and backup.

Visit Hinen at Booth G12B, NEC Birmingham, September 22–24, 2026, to discover the A15 and Hinen’s latest energy solutions.

About Hinen

Hinen is an energy storage technology company backed by more than 20 years of manufacturing experience from Hinen Group. Listed on the Shenzhen Stock Exchange (stock code: 300787), Hinen develops residential energy storage solutions including battery systems, hybrid inverters and intelligent energy management technologies. With offices and service teams across Europe, the UK, Australia and Africa, Hinen provides localised support to customers and partners worldwide.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/hinen-at-solar–storage-live-uk-2026-powering-smarter-uk-homes-with-a15-ress-302864720.html

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GOFO Deploys Automated Narrow-Belt Sorter at Rome Hub, Lifting Southern Italy Capacity by 40%

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ROME, Sept. 1, 2026 /PRNewswire/ — GOFO, a fast-growing, technology-driven last-mile delivery provider, today announced that its Rome sorting center has officially entered full production with a new automated narrow-belt sorting system featuring integrated singulation technology. The system began trial operation in May 2026 and, following more than three months of stable performance, is now fully operational, lifting the hub’s overall efficiency by 40%.

The linear narrow-belt sorter’s integrated singulation technology automatically separates overlapping parcels before they enter the sort loop. Because the system relies on proven mechanical separation rather than AI-based vision recognition, it is designed to deliver consistent throughput day after day, with reliability confirmed during the trial period and now carried into full production ahead of the autumn peak season.

The system has a design capacity of 6,500 parcels per hour and 120 sorting chutes, providing routing coverage across southern Italy, including Bari, Catanzaro, Naples and surrounding areas. It integrates dimensioning and weighing in a single pass, with volume accuracy of ±10 mm and weighing accuracy of ±20 g. Around 80% of the sorting process is now automated, with manual handling limited to loading and exception processing.

“The Rome hub is our primary gateway to southern Italy, and this upgrade ensures we can meet the growing demand from our e-commerce partners without compromising on speed or accuracy,” said Jacqueline Chan, General Manager of GOFO Italy. “As we head into peak season, this investment gives us the reliability and sufficient processing capacity our customers need across the south.”

About GOFO

GOFO, founded in the United States in 2023, is a technology-driven last-mile logistics network serving merchants and consumers across the U.S., Canada, France, the Netherlands, Italy and Spain. Guided by the brand philosophy “Drive Efficiency, Deliver Trust,” GOFO combines advanced technology with localized operations to deliver precise, reliable, and scalable delivery solutions. Operating nationwide through sorting centers and delivery centers across the country, GOFO Italy serves a broad population with high-performance last-mile delivery solutions. Its operations are powered by automated sorting, intelligent routing, and disciplined execution. For more information, please visit www.gofo.com/it.

Media Contact:

Email: branding.eu@gofo.com

Website: www.gofo.com/it

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View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/gofo-deploys-automated-narrow-belt-sorter-at-rome-hub-lifting-southern-italy-capacity-by-40-302866023.html

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