• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
Calgary.Tech

Calgary.Tech

 
 
  • Home
  • News
  • Events
  • Interviews
  • Thought Leaders
  • Techtalent.ca
  • About Us
  • Contact Us

Combine Venture Builders Awarded $1.9 Million by OCIF to Accelerate Growth of Calgary Startups

December 20, 2022 by Newsdesk Leave a Comment

The Opportunity Calgary Investment Fund (OCIF) will provide up to $1.9 million to Combine Venture Builders over two years to support the rapid scaling of innovative early-stage Calgary technology companies.

OCIF is a $100-million initiative launched by the City of Calgary in 2018 and is an important tool to accelerate the economic strategy, drive innovation and support a more diversified economy. More than $77 million has been allocated to 25 projects to date and has led to investment commitments of between $780 million and $1 billion.

Founded in 2020, Combine is a Calgary-based venture studio that works with corporate partners and top-tier entrepreneurs through Combine Labs to turn the best ideas into market-defining, venture-funded companies with rapid customer adoption. Through its in-house resources and network of industry experts, Combine plays a co-builder role providing hands-on product development, design, people, operations and fundraising for ventures.

Under the two-year agreement with OCIF, Combine Labs will identify more than 20 problem-solving concepts and collaborators a year, which will lead to the creation of a portfolio of six or more high-potential scaling companies. Combine will support these companies to lower their risk and increase scalability to achieve pre-seed, seed stage and Series A funding through a network of investors. 

“There’s no shortage of people in Calgary with promising ideas to solve problems, but there is a strong need to support them to scale to the size of their ambitions. Combine will play the important role of taking some of the high-potential startups in Calgary to a higher level of business success,” said Brad Parry, President & Chief Executive Officer of Calgary Economic Development and CEO of OCIF. 

An example of a scaling company in Combine’s portfolio is Agora Labs, an automated impact accounting platform that enables companies of all sizes to easily measure, track and manage Environmental, Social and Governance (ESG) performance.

Filed Under: News Tagged With: Combine Ventures, Opportunity Calgary Investment Fund (OCIF)

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

 
 

Stay Connected

  • LinkedIn
  • RSS
  • Twitter

Community Partners

Bulletin Board

Get Connected at Startup Grind Calgary’s LinkedIn Powerhouse

Startup Grind Calgary is hosting LinkedIn … [Read More...] about Get Connected at Startup Grind Calgary’s LinkedIn Powerhouse

Learn the Basics of Tech Startups with Platform’s Startup 101

If you’re an aspiring entrepreneur, have a … [Read More...] about Learn the Basics of Tech Startups with Platform’s Startup 101

Foresight 50 Applications Open Until June 30th

Foresight Canada is now accepting applications for … [Read More...] about Foresight 50 Applications Open Until June 30th

Energy Meets AI: Calgary Breakfast Gathers Leaders to Shape Alberta’s Digital Future

A select group of senior executives from Alberta’s … [Read More...] about Energy Meets AI: Calgary Breakfast Gathers Leaders to Shape Alberta’s Digital Future

WCD to Host Leadership Lunch in Calgary on AI-Driven Back-Office Innovation

Calgary business leaders are invited to a special … [Read More...] about WCD to Host Leadership Lunch in Calgary on AI-Driven Back-Office Innovation

Copyright © 2025 Incubate Ventures | Techtalent.ca · Techcouver.com · Decoder.ca · Fintech.ca · CleanEnergy.ca | Privacy