Alberta Enterprise has invested $2.5 million in Alberta-based venture capital firm Sprout’s nearly $14 million second fund, providing a new source of high-demand seed capital to Alberta and Western Canadian B2B software startups. Sprout is an early-stage venture and mentor capital firm led by serial technology entrepreneurs and avid investors Kristina Milke, Mark Benning and Shaheel Hooda. Sprout was founded in 2018 […]
Eavor Secures $134 Million for Next-generation Geothermal Project
Calgary’s Eavor Technologies has been awarded a CDN $134 million grant from the European Innovation Fund, in support of the Eavor-Europe™ geothermal project already under construction in Bavaria south of Munich near the town of Geretsried, Germany. The project is the world’s first commercial implementation of an Eavor-Loop™, a showpiece of the zero-emissions heat and […]
Two Calgary Startups Selected for Cultivator’s Agtech Accelerator
Cultivator’s Agtech Accelerator has announced the 16 startups selected to participate in their second cohort and two Calgary startups made the cut. Calgary’s CultivateCI and OneCup AI are are two of the 16 companies from across Canada and the U.K. to be selected. CultivateCI scores crop production on carbon intensity at the field or barn level, allowing […]
Alberta Improves Bone Care Through Digital Health Research
At least one in three females, and one in five males, will experience a fragility fracture due to osteoporosis or low bone mass at some point in their lifetime. Fragility fractures occur from a standing height, or less. Individuals experiencing a fragility fracture are two to four times more likely to have another fracture in […]
FREDsense Announces Rapid and Accurate Electrochemical Biosensor Solution for PFAS Detection
Calgary’s FREDsense Technologies, the leader in field-ready water testing kits that detect chemicals in drinking and wastewater, announced today that their platform can detect and measure PFAS in just hours, compared to traditional methods. PFAS lab testing takes 4-8 weeks, hundreds to thousands of dollars, and requires a complex supply chain involving potential refrigeration and […]
Seattle’s Applexus To Establish Calgary Presence With $1.4 Million IGF Grant from the Government of Alberta
Seattle’s Applexus is establishing a presence in Canada thanks to a $1.4 million IGF grant (Investment and Growth Fund) from the Government of Alberta. Applexus is a global technology leader offering business consulting services, SAP solutions and products to customers across multiple verticals like retail, fashion, and consumer products. Applexus will use the funds to invest in […]
Alberta Enterprise Invests Further into Cleantech for an evolving Energy Industry
Edmonton’s Alberta Enterprise has invested USD $10 million into Evok Innovations second fund to continue developing and deploying clean technologies to accelerate the world’s energy transition with a focus on carbon capture, electrification and hydrogen. Evok is a venture capital firm with deep roots in Alberta. Their first fund was established in 2016 as a partnership between Calgary-headquartered […]
Six Calgary Companies Chosen for THRIVE Agtech Accelerator
The THRIVE II Canada Accelerator has announced their most recent cohort and six Calgary-based companies have made it through their rigorous selection process. In total 15 companies with innovative ground-breaking solutions were selected to participate in Thrive’s award-winning program that accelerates sustainability, innovation, and technology across the industry. Companies were selected for their potential to […]
Amii Announces $30 Million Investment in Artificial Intelligence
The Alberta Machine Intelligence Institute (Amii) is making a significant investment in artificial intelligence in Alberta, growing one of the country’s largest centres for fundamental AI research. Today, Amii announced $30 million in funding to continue and expand their research chair program, including the recruitment of 20 new research chairs in AI at the University […]
Inqli Partners With Rainforest Alberta On Pilot Program
Alberta knowledge-sharing platform Inqli is partnering with Rainforest Alberta on a pilot program. The goal of the partnership is to unify Alberta’s innovation community while levelling the playing field within the technology and innovation space. The new pilot program will showcase the potential of the Inqli platform to inspire individuals who were previously excluded from […]