This year the province of Alberta surpassed BC in terms of investment dollars attracted, drawing a total of $383 million across 41 deals. Following this “continued momentum” up, Start Alberta recently recognized the top areas for venture capital flow in the province through 2024. And at the head of the pack, in front of Energy and […]
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HEMPALTA Secures Full Ownership of Hemp Carbon Standard to Expand Global Carbon-Credit Platform
Calgary-based AgTech firm HEMPALTA has acquired the remaining 49.9% stake of Hemp Carbon Standard, granting the company complete operational control of its carbon credit technology. The deal, which includes an initial payment plus additional performance-based payments tied to upcoming carbon credit sales, positions HEMPALTA to scale its carbon credit solutions globally and streamline its platform […]
Start Alberta Celebrates Health of Startup Investment in Calgary
Through the first half of 2024, the province of Alberta surpassed BC—for the first time—in terms of investment dollars attracted, drawing a total of $383 million across 41 deals. “The second quarter of 2024 continued the momentum we saw earlier in the year, with steady venture capital investment,” stated Kim Furlong, chief executive of CVCA, […]
Alberta Enterprise Corporation Launches $15M Accelerate Fund IV
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 […]
Kevin O’Leary Leads Visionary $70 Billion AI Data Centre Project in Alberta
Dragon turned Shark Kevin O’Leary is spearheading a transformative initiative to establish the world’s largest AI data centre industrial park, Wonder Valley, in Alberta’s Greenview Industrial Gateway (GIG). This ambitious project, undertaken in partnership with the Municipal District of Greenview, aims to position Alberta as a global leader in cutting-edge data infrastructure and sustainable energy […]
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 […]
Cleantech Companies Bring the Energy to Alberta’s Venture Capital Scene in 2024
In August, Calgary.tech reported that, through the first half of 2024, the province of Alberta surpassed BC—for the first time—in terms of investment dollars attracted, drawing a total of $383 million across 41 deals. “The second quarter of 2024 continued the momentum we saw earlier in the year, with steady venture capital investment,” stated Kim […]
Alberta Unveils AI Strategy to Attract $100B Investment
This week the Province of Alberta unveiled a comprehensive AI Strategy, positioning itself as the top destination in North America for artificial intelligence (AI) data centres. With the global demand for data centre capacity expected to triple by 2030, the province aims to secure $100 billion in private investment over the next five years, according […]
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 […]