Canada’s oldest and largest digital asset custodian this week launched special purpose trust. Balance has incorporated Balance Trust Company under the Loan and Trust Corporations Act of Alberta, the Calgary-based firm revealed. Balance says it has committed $10,000,000 of regulatory capital into the wholly-owned subsidiary as a bid toward becoming a qualified Canadian and U.S. […]
Calgary Tech Firm Long View Named a Top Microsoft Partner at Annual Awards Event
It’s in the name: Long View wants to stick around for the next century and beyond. The Calgary-based information technology solutions firm has an “opportunity to be a force for good in the world,” according to its leadership. The Canadian company believes that the approach to longevity is not solely about maximizing profits, but also […]
Alberta Innovates Shuffles Leadership Team with Eye on ‘Bold New Strategic Direction’
Alberta Innovates, which has contributed to 1,300 projects in a portfolio valued at $1.3 billion, is “embarking on a significant leadership transition,” the provincial innovation engine announced this week. Effective immediately, chief executive officer Laura Kilcrease is no longer with Alberta Innovates, as the organization looks toward a “bold new strategic direction,” according to chairman […]
‘Disruptive Digital Innovator’ PrePad Leverages Strategic Investment from U.S. Heavyweight
This month Calgary.tech named a few local startups worth eyeing at the Global Energy Show Canada. Held at the newly expanded BMO Centre in Stampede Park, the show recognized some of those startups for their achievements. This included Calgary’s PrePad which offers cloud-based software focused on revolutionizing drilling. The cleantech upstart was named Disruptive Digital Innovator for its advanced […]
Calgary’s Captus Generation Unveils Plans for Carbon-Neutral Electricity in Alberta
Captus Generation announced this week that the firm is advancing plans to build carbon-neutral, gas-fired power generation facilities near Pincher Creek in southwest Alberta. The development will supply reliable electricity to Alberta’s grid and potentially support on-site power-consuming businesses such as data centres, according to a statement from Calgary’s Captus, a subsidiary of Canadian infrastructure […]
Nanoprecise Launches ‘Energy Dashboard’ Tech to Enhance Remote Monitoring Toolkit
Remote condition monitoring is an emerging approach that allows operators to observe the health of equipment from any location. The process involves using sensors and other devices to collect data about equipment performance, which is then analyzed to identify potential issues before they can result in a breakdown. This technology is increasingly being used across […]
Innovation Converts Bitumen Byproduct from Alberta’s Oil Sands into Carbon Fibres
Researchers at the University of British Columbia have innovated a method to transform asphaltene, a byproduct of bitumen processing, into carbon fibres. Bitumen from Alberta’s oil sands, typically restricted for use as fuel or asphalt, could now be transformed into more useful and valuable carbon nanofibres, say local experts working on the technology. UBC materials […]
CreditApp Raises Capital to Scale Lending Technology Across Canada
A Calgary-based fintech firm modernizing credit in the automotive industry and beyond has secured a financing round. CreditApp has raised $2.7 million in a round led by Inovia Capital with participation from Polar Venture Partners and others, reports BetaKit, as the Alberta firm finds success since spinning out of parent company Quantifi Lending. CreditApp launched […]
Edmonton Region Witnessing ‘Surge of Startup Activity,’ Ecosystem Analysis Finds
When people discuss Canada’s tech startup hubs, Calgary is increasingly mentioned but Edmonton still often remains out of the picture. It should be known, however, that Edmonton’s innovation ecosystem is currently thriving thanks to a “broad spectrum of disciplines driven by a dynamic blend of technology advancement, research, collaboration, and entrepreneurial spirit.” This is according […]
Startup Genome Report Ranks Calgary Among North America’s Top Tech Hubs
Calgary ranks among the top technology ecosystems in North America, according to the latest report from Startup Genome and the Global Entrepreneurship Network. The 2024 Global Startup Ecosystem Report, released for London Tech Week, analyzed data from more than four million companies across 300 ecosystems around the world to provide “compelling new insights and deep […]