Canadians were behind the world’s first lung delivery by an unmanned drone yesterday.

What happened: Quebec-based Unither Biologielectronique delivered lungs from Toronto Western Hospital to Toronto General Hospital in a trip that lasted around six minutes. 

Why it matters: Time is of the essence when you’re transporting something as fragile as an organ: most organs can only stay outside of the body for up to six hours.  Typically, organs are transported through a commercial flight, but those can be prone to delays because of air traffic. 

In the U.S., for example, around 170 organs between 2014 and 2019 didn’t make it to their destination or were affected by transportation delays. Meanwhile, unmanned drones can cut through that time and get organs to hospitals much more quickly. 

Montreal-based Dorel will sell its bike brands to a Dutch bike company for US-$810 million.

What’s Dorel? They make toys, recreational products, and furniture. The company's bike sales, which fall under their recreational product line, grew the most during the pandemic, increasing by 13.8% to $265.3 million in 2020.

The deal: Dorel is selling its sports and recreation division to Pon Holdings, which owns popular bike brands like Cannondale, so that it can focus on its other products. 

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Swiss aviation manufacturer Dufour is considering producing its next aircraft in Canada, per the Globe. 

What’s Dufour? Founded in 2017, Dufour is working on electric and gas-electric vertical takeoff and landing (eVTOL) aircraft. eVTOL aircraft are often compared to helicopters and sometimes referred to as air taxis...just don’t call them flying cars. 

Their speed and range improvements makes eVTOL aircraft better suited for emergency and rescue missions. 

Zoom out: The eVTOL aircraft space is hot right now, with several startups working on bringing them to the market and signing deals with big-name investors.

The E.U. launched its first ever green bond yesterday.

What’s that? Green bonds are issued to finance environmental or climate related projects through debt. Green bonds aren’t new—they were first introduced in 2007—but are gaining traction because of investors’ commitments to environment, social and governance (ESG) goals . 

What happened: The E.U. sold US-$13.8 billion in bonds which will be used to fund sustainable and clean energy projects. 

The Canadian angle: Canadian companies sold a record-number of green bonds over the summer, proving that the financial instruments are a popular way of achieving ESG goals.

Taiwan Semiconductor Manufacturing Company (TSMC) and Sony are in talks to build a chip plant in Japan. 

Refresher: TMSC is the world's largest contract semiconductor chip maker, accounting for around 55% of the global chip market. It also accounts for 90% of the market for advanced chips that are used in electronics like iPhones.   

While both companies have been tight-lipped about the project, the proposed plant would cost around US-$7.2 billion. 

Why it matters: The plant would be the first major chip plant in Japan and will spread advanced chip manufacturing beyond Taiwan. 

Until recently the concentration of chip manufacturing in one area didn’t appear to be an issue. But disruptions caused by the pandemic and growing tension with China over Taiwan have highlighted the urgency of distributing the production of this critical hardware elsewhere in the world.

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