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 […]
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Alberta’s Tawhid App Launches To Empower Muslims Worldwide in Time for Ramadan
As Ramadan approaches, an Alberta-built spirituality app designed for Muslims globally has launched. Ramadan is a time when Muslims around the world fast and try to improve themselves in character and practice. Tawhid App aims to provide a safe social space for Muslims to practice their faith without prejudice Tawhid App is an adaptive platform […]
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, […]
Empowering Alberta’s Future: Unveiling a Vision for a Decarbonized Electricity System by 2050
As the Government of Alberta commits to realizing a net-zero economy by 2050, the electricity system has emerged as the linchpin for achieving this ambitious goal. It is the first domino in a sequence of systemic transformations poised to drive decarbonization across all sectors. Social innovation leader The Energy Futures Lab today released Leading the Charge: A Vision for Alberta’s Electricity […]
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, […]
Upcoming Calgary Event to Underscore Advancement of Women in Canadian Tech
March 8th is International Women’s Day. The tradition of IWD began more than a century ago in 1911 and continues in 2024 as a “global movement focused on women’s advancement.” In support of the annual affair, local upstart Virtual Gurus intends to host an exclusive event at the organization’s headquarters in Calgary on March 5th. […]
Eavor Secures Direct Investment From Japan’s Kajima Corporation
One of the oldest and largest construction companies in Japan has made a direct investment into Calgary’s Eavor Technologies. Founded in 1840, Tokyo’s Kajima Corporation builds high-rise structures, railways, power plants, dams, and bridges. Eavor is a leader in globally scalable geothermal energy technology and its Eavor-Loop utilizes heat from the natural geothermal gradient of […]
Big Rounds Bookend ‘Another Strong Year’ of Venture Capital Investment in Alberta
In 2023, venture capital in Canada witnessed a cumulative investment of $6.9 billion across 660 deals, with the fourth quarter attracting $1.4B over 142 deals, a year-end report from the Canadian Venture Capital Association shows. These data demonstrate “a return to pre-pandemic momentum despite a year-over-year slowdown caused largely by rising interest rates and economic uncertainties,” according to CVCA. Leveraging data from […]