Alberta Enterprise Corporation (AEC) has announced the launch of its fourth early-stage angel co-investment fund, Accelerate Fund IV, with a $15 million anchor investment. The launch marks the first close of Accelerate Fund IV, which aims to raise a total of $25 million from institutional investors, family offices, high-net-worth individuals, and other strategic players to […]
Calgary Invests in Tech Talent Development Through TECHNATION Partnership
The Opportunity Calgary Investment Fund (OCIF) is committing $862,500 to TECHNATION to support 250 work-integrated learning (WIL) placements in Calgary’s tech sector over the next seven months. This investment aims to strengthen the city’s tech talent pipeline while promoting economic diversification. “Calgary is continuing to demonstrate its leadership as a tech hub,” said Mayor Jyoti […]
Benevity Reports Record $140 Million Donations on GivingTuesday
Calgary’s Benevity, a global provider of corporate social responsibility solutions, announced over $140 million was donated to nonprofits through its platform on GivingTuesday. This milestone was supported by 637 companies. More than 148,000 individuals contributed to over 56,000 nonprofits across 122 countries and territories. Benevity reported a 2% year-over-year increase in donation dollars per donor. […]
Acceleware Secures $1.31 Million CRIN Grant for RF XL Pilot Expansion
Calgary-based Acceleware, a leader in decarbonizing industrial process heat, has announced a major milestone in its innovative RF XL technology pilot. The company has secured up to $1.31 million in non-dilutive funding from the Clean Resource Innovation Network (CRIN). The grant, made possible by Canada’s Strategic Innovation Fund, will support the next phase of heating […]
Alberta Enterprise Backs $100M Tech Fund to Boost Innovation
Alberta Enterprise Corporation (AEC) has played a significant role in the final close of Vancouver-based Pender Ventures’ second venture fund, Technology Inflection Fund II LP, which has secured over $100 million to support Canadian technology growth. As a major investor in the fund, AEC is amplifying its commitment to advancing Alberta’s tech sector, particularly in […]
Alberta Invests $40M to Drive Low-Emission Innovation
In a significant step towards a greener economy, the Government of Alberta has announced a $40 million investment from the Technology Innovation and Emissions Reduction (TIER) fund to support Emissions Reduction Alberta’s (ERA) Advanced Materials Challenge. This new funding initiative aims to drive technological advancements in circular economy practices and the development of low-emission products across sectors such […]
Precision Health and Longevity Summit to Establish Canada as a Leader in Health Innovation
The inaugural Precision Health and Longevity Summit, a first-of-its-kind event in Canada, is set to convene on November 15-16 at The Westin Hotel in Calgary. Aiming to position Canada at the forefront of health innovation, the summit will bring together global leaders, scientists, and policy experts to explore the future of healthcare and longevity. Organized […]
Calgary’s Computer Modelling Group Acquires Sharp Reflections to Expand Seismic Interpretation Technology
In a strategic move to enhance its seismic data solutions, Calgary-based Computer Modelling Group (CMG) has acquired Germany’s Sharp Reflections, a leader in seismic processing and interpretation. CMG’s wholly-owned subsidiary purchased all Sharp shares, integrating a seismic platform that has set new standards for cloud-based data handling. Sharp Reflections, known for its pioneering efforts in […]
Calgary’s Flora Fertility Secures $1.5M to Launch North America’s First Private Fertility Insurance
Flora Fertility, a Calgary-based insurtech company, has successfully closed an oversubscribed pre-seed funding round, raising $1.5 million to support the launch of a private fertility insurance product across the U.S. and Canada. This initiative marks a significant step toward making fertility treatments more accessible and affordable for millions of individuals and families. The funding round […]
Alberta’s Aerospace Industry Soars with Over $4.3 Million in Federal Support
Alberta’s aerospace and aviation sector is gaining momentum as a key player in economic diversification, thanks to a fresh $4.3 million federal investment. With over 500 small- and medium-sized businesses in the field, Alberta’s aerospace industry supports thousands of jobs and is increasingly essential to the province’s economic landscape. The funding announcement, made today by […]