University of Alberta targets $50 million with new innovation fund, announces first investment in AI system control startup
The university plans to reinvest returns from the donor-fuelled fund into “future innovations.”
The university plans to reinvest returns from the donor-fuelled fund into “future innovations.”
Neo Financial was recognized as scaleup of the year while Jobber was awarded for its $100 million Series D.
Projects eligible for up to $800,000 over three years.
University of Alberta secured $4.25 million across three projects.
Graphite has added Albertan LPs and VCs, and recently invested in Montréal-based Maxa.
Alberta tech companies raised $123.8 million through six deals in the second quarter of 2023.
Scaleup GAP was created in 2021 to bring more tech and business accelerators to Alberta.
The Toronto-based VC firm recently invested in the Calgary startup WaitWell.
James Lochrie (Thin Air Labs) and Brett Colvin (Goodlawyer) provide an Alberta tech vibe check.
Startups can now apply for a chance to get funding from Momentum, Innovate BC, and Platform Calgary.
What’s on the table for the province’s tech sector?
Jobber’s megadeal pushed venture funding over $200 million in the first three months of the year.
The Alberta-based tech group is now live across all three Prairie provinces.
Plug and Play opened its first Canadian location in 2020.
New funding will attract investment and create jobs, says innovation minister.