Delivering economic impact in Alberta since 2017, the Creative Destruction Lab – Rockies (CDL-Rockies) program had 19 ventures graduate from the 2021-2022 cohort including a company with a new way to produce hydrogen, a venture that is revolutionizing food packaging, and a company that is helping to address critical ventilator shortages.
“These 19 ventures join the 69 companies that have successfully graduated from CDL-Rockies in the past five years,” says Heather Marshall, site lead, CDL-Rockies. “These graduates have achieved aggressive milestones, set by world-class mentors in the program — and will continue to advance their technologies, grow their employee base and help solve massive challenges through business.”
Marshall takes over as CDL-Rockies’ site lead from Alice Reimer, who continues to scale her own technology company, Fillip Fleet.
“There is no doubt that these companies will continue to add to the equity value created by CDL-Rockies alumni companies, which is now in excess of $2 billion,” says Marshall. “There is high demand for the CDL program with over 250 applications received for a maximum of 75 spots for the next program cycle starting in November.”
In January 2022, CDL-Rockies announced that the site’s participants passed the $1 billion threshold and now that figure is surpassing $2 billion.