This week, 10 companies were accepted into the fourth class of the Comcast NBCUniversal SportsTech Accelerator powered by Boomtown. The immersive six-month program, slated to kick off in March, selected the lucky few startups among more than 1,500 applicants across over 50 nations. Notably, four are Canadian, rendering Canada the most represented country this year. […]
Calgary Crypto Custodian Balance Builds Back Better After ‘Resilience Tested’
In 2022, Canadian crypto custodian Balance celebrated its fifth anniversary with $500 million of assets under custody. Founded in June 2017, the startup introduced its custody services in a closed pilot in August 2018. The public launch followed one year later, the first of its kind in Canada. Since its August 2019 public launch, Balance has […]
Canadians Invest in ‘Strong and Sustained’ Rental Market of Alberta Through Addy
Addy continues to invest in the Alberta region—and, as a result, so do Canadian investors. 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 grapple with Canada’s highest rates of office vacancy, addy […]
Thread Innovations Bringing Carbon Fibre Tech One Step Closer to Commercialization
Regarded as a strategic material in next-generation structure and design, carbon fibre can be significantly stronger than metals such as aluminum and steel, while also offering thermal and conductivity advantages. However, currently most carbon fibre production is neither cost-efficient nor energy-efficient. Last year, we wrote about an Edmonton-based company working toward its vision of unlocking […]
UCalgary and PASQAL Collab to Boost Quantum City Innovation Pipeline
In 2023 we reported on Calgary’s ambition of becoming a capital city in Canada for quantum technology and innovation. Moving toward this goal, the University of Calgary last year formed a strategic partnership with the Government of Alberta and Mphasis to establish Quantum City. Quantum City’s mission is to establish quantum-focused fabrication infrastructure, new talent […]
Calgary Ranked as Emerging Market to Watch for Cybersecurity Tech and Talent
The worldwide proportion of elections targeted by cyber threat activity increased from 23% in 2021 to 26% in 2022, according to the Canadian Centre for Cyber Security’s “Cyber Threats to Canada’s Democratic Process: 2023 Update.” The concern is part of a broader trend: Cyberattacks increased globally by 38% from 2021 to 2022, according to data from Check […]
GeologicAI Unveils Strategic Acquisition of RMS to Strengthen Position, Enhance Tech
In September, Calgary’s GeologicAI added $10 million in funding from Export Development Canada to a $20 million Series A financing round announced in June 2023 led by Bill Gates’ Breakthrough Energy Ventures. The global leader in digital rock analysis combines hardware, software, and machine learning into an integrated digital rock analytics platform—reducing a costly and intensive […]
Series B Capital to Spur Innovation, Expansion at Qube Technologies
A Calgary-based technology company known for low-cost environmental surveillance technology has secured Series B funding. The strategic investment into Qube Technologies hails from TC Energy, NGIF Cleantech Ventures, and Bain & Company Future Back Ventures. Qube’s mission is to help industries such as oil and gas detect and reduce methane and other emissions. The Alberta […]
Alberta Armada Sets Sail for SXSW to Highlight Innovation, Foster Growth
Alberta Innovates and its Scaleup Growth and Accelerator Program announced this month that dozens of high-potential regional startups will be attending the iconic annual tech and culture event SXSW in March. Fifty delegates will participate in curated meetings and attend invite-only networking events in an effort to make connections, attract investors, and take in learning […]
Innovating Alberta Startups Secure Capital to Write Their Next Chapter of Growth
Last year, a report from national law firm Osler uncovered “impressive signs of growth, renewal, and resilience in the ecosystem” in Alberta. And CBRE’s 2023 Scoring Tech Talent report found that Calgary experienced a 61% growth in tech talent over five years—the second-highest rate in Canada next to Vancouver. There has “never been a more exciting time to be in […]