The Canadian Food Innovation Network announced this week that it is awarding $386,078 across four food-tech projects throughout the country, including one project that is based in Alberta. The capital hails from CFIN through the organization’s Innovation Booster Program. Industry will match these funds to create projects valued at $772,154, according to CFIN. The Alberta […]
Cleantech Upstart Galatea Secures $2.7M in Seed Funding to Fuel U.S. Expansion
We were off by a year. Galatea Technologies, a company on Calgary.tech’s watchlist for 2023, narrowly missed the 2024 list. Not that Galatea wasn’t successful in 2023—they were—but in 2024, the Calgary-based clean-technology upstart is establishing major traction. The company this year bolstered its round of seed funding with a $2.7 million extension with capital […]
Finalists Announced for Innovate Calgary’s Women Founders in Tech Pitch Competition
Five female finalists have been selected for Innovate Calgary’s Women Founders in Tech Pitch Competition. The program, culminating April 30, is designed to honour women in technology and offer them support. One finalist is Purvaja Soochit, CEO of Binoloop, which aims to improve organizational decision-making with an AI-driven evaluation platform. “Designed to automate and streamline […]
$57M Investment Aims to Reduce Emissions in Alberta ‘Through Technologies, Not Taxes’
The Government of Alberta, through Alberta Innovates and Emissions Reduction Alberta, this week announced $57 million in innovation funding for 28 projects. The massive investment across different projects is designed to advance a hydrogen economy, reduce emissions, and create jobs in Alberta, according to a statement from the government. “We are funding new, innovative technologies […]
Calgary is Aiming to Build a More Supportive Ecosystem for Local Entrepreneurs
Organizations in Calgary are collaborating to empower the region’s ecosystem of entrepreneurship. “We’ve heard from our community that being an entrepreneur can sometimes be stressful, like you’re doing everything all by yourself,” reads a statement from Innovate Calgary. “We get it; building something from scratch isn’t easy, and it can take its toll.” Recognizing the […]
Three Entrepeneurs and Their Startups Join Innovate Calgary’s Life Sciences Fellowship
Innovate Calgary recently welcomed three new startups to its Life Sciences Fellowship program. The Life Sciences Fellowship program takes early-stage startups with technology-driven solutions to important problems and adds funding, technology development resources, professional development training and expert support. “We are thrilled to extend a warm welcome and heartfelt congratulations to the newest cohort of […]
Calgary’s Balance Upgrades Compliance Credentials for Crypto Custody in Canada
In 2022, Canadian crypto custodian Balance celebrated its fifth anniversary with $500 million of assets under custody. Founded in June 2017, the Toronto-born fintech—which recently moved its headquarters to Calgary—introduced its custody services in a closed pilot in August 2018. A public launch followed one year later. “Our focus since day one has been to build […]
B.C. Fintech Platform addy Gets Industrial in Alberta with Latest Investment Opportunity
Addy is switching gears with its latest investment opportunity in Alberta. The Vancouver-based real estate investing platform, which launched in BC in 2020, dropped its first Alberta project last year. The timing was good: As the province’s key hubs Calgary and Edmonton grappled with Canada’s highest rates of office vacancy, addy collaborated with regional developers […]
Alberta Invests Over $33 Million Across 13 Projects Innovating Province’s Energy Grid
Calgary’s CruxOCM, a pioneer in autonomous operations control management software for the energy sector, recently received a significant investment from Emissions Reduction Alberta. “We are excited to receive this investment from Emissions Reduction Alberta, which will propel our efforts to innovate and catalyze positive change within the energy sector,” remarked Adam Marsden, Chief Revenue Officer […]
Calgary Cleantech Connect X Crowned as Startup TNT Unveils Sector Summit Winners
Founded in 2019 to empower entrepreneurs across Western Canada, Startup TNT hosts Investment Summits that aim to help raise capital for startups and make it easier for local investors, both seasoned and new, to angel investing. Startup TNT this week announced the top companies from the organization’s 2024 Sector Summits, with a host of Calgary […]