The Canadian Food Innovation Network announced today that it is awarding nearly $500,000 across six food-tech projects throughout Canada. “These six projects represent CFIN’s vision for a future where new ideas and technologies create a more efficient, sustainable, and customer-centric food industry,” stated Dana McCauley, chief executive of CFIN. “As we introduce intelligent solutions, autonomous […]
Alberta Earmarks $55M Toward New UCalgary Science and Innovation Hub
Allotted in Alberta’s 2024 budget is a sizeable sum directed at the University of Calgary. The Province has earmarked $55 Million toward the construction of an onsite research and science hub, the government announced recently. The hub will span seven floors of space and bring together a variety of disciplines, including neuroscience, chemistry, and energy. The […]
Calgary Startup Nimble Science to Accelerate Health-Tech Platform at Google
Many chronic diseases are associated with dysbiosis of the small intestine, representing a $75 billion total addressable market. Knowing this, Calgary healthtech startup Nimble Science raised $2.7 million last April to commercially scale their tech-forward health platform to food, diagnostic, and drug companies. The funding brought Nimble out of stealth mode to enable academia, government, […]
Fortinet Commits $30M Toward Cutting-Edge Cybersecurity Tech Hub in Calgary
A global cybersecurity firm driving the convergence of networking and security announced this week plans today to invest $30 million into Alberta’s technology sector. Silicon Valley headquartered Fortinet, whose cybersecurity portfolio comprises over 50 enterprise-grade products, serves more than half a million customers. With support from Invest Alberta and Calgary Economic Development, as well as […]
Governments Unveil $112M Investment to Boost Internet Connectivity in Rural Alberta
Today, 93% of Canadian households have access to high-speed Internet, compared to 79% in 2014. It’s significant progress, but we’re not done yet. The federal and provincial governments agree that all Canadians deserve reliable and affordable high-speed Internet and mobile connectivity, regardless of where they live. “Connectivity is an essential tool to access education and […]
Growing Logistics Innovator Ziing Continues Expansion with Latest Strategic Acquisition
A last-mile delivery solutions startup applying tech-forward innovation to the logistics industry today announced its second acquisition in six months. Calgary-based delivery solutions firm Ziing revealed this week the acquisition of Metroland Parcel Services—a transaction the Alberta company described as “part of a strategic initiative to expand its final mile network coverage and enhance its […]
PayShepherd Raises $7 Million to ‘Deepen’ Fintech Targeting Heavy Industry with AI
A Calgary-based innovator of financial services for heavy industry today announced an oversubscribed “seed+” round of funding. PayShepherd wants to become the “system of record” for financial transactions between industrial facilities and contractors. Working as a billing management and contract assurance platform, the company’s solution sits between facilities and the contracted workforce to identify billing […]
Bloom Finance Launches Payments Card Targeting Retired Homeowners in Alberta
A Canadian financial technology firm today introduced a payment card targeting Canadian homeowners aged 55 and older. Toronto’s Bloom Finance says that its new Bloom Home Equity Prepaid Mastercard addresses a “pressing need for innovation within the financial landscape for . . . the unique requirements of Canadian retirees who own their homes.” The card […]
Health-Tech Startup BioMimir Graduates from Calgary’s Life Sciences Fellowship
Last year, a medical device company developing biomaterials-based solutions for complex wounds graduated from the 2023 Biomedical Engineering stream of the Creative Destruction Lab program at University of British Columbia’s Sauder School of Business. The Quebec-born BioMimir uses synthetic biomimetics to design biomaterials that are self-adhesive, anti-inflammatory, and anti-fibrotic, with products targeting complex wounds like ulcers, […]
Freshly Funded RetinaLogik Looks to Prevent Vision Loss with VR Tech Solution
Over two billion people live with vision impairment, data from the World Health Organization shows, with at least half of these cases being preventable or treatable. Targeting this sizeable global market, Alberta’s RetinaLogik this month announced a successful round of pre-seed funding. The Calgary-based eye care innovator raised $783,000 from HaloHealth, Spring Impact Capital, UCeed, […]