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🗳️ Question of the Week

$8.3 million for 13 Alberta cleantech companies

The Government of Canada has announced more than $8.3 million in federal funding aimed at advancing clean technologies in Alberta's energy and natural resource industries through its PrairiesCan initiative. Thirteen projects will receive a portion of the cash.

Collecting the most money is the Energy Transition Centre in downtown Calgary, which is receiving $2 million. That funding will help the facility increase the number of cleantech businesses receiving support, expand programming, and enhance collaboration among industry, academia, and investors. The funding builds on PrairiesCan's previously announced investment of over $2.1 million to establish the Centre as hub for Canada's largest energy companies to collaborate with clean energy companies.

Calgary’s hydrogen sector will also get a boost, with the Government committing $1.5 million to help establish a Calgary Region Hydrogen Hub to grow the hydrogen economy in the Calgary area, while better connecting existing hydrogen hubs in Vancouver and Edmonton.

Local startups are also the recipients of the cash, with businesses like Calgary-based FulcrumAir receiving repayable funding of $1.8 million. That money will be used for its innovative robotic devices to help increase safety, productivity, and efficiency when installing or maintaining power lines. The company aims to increase sales of its UAV and robotics-based power line construction and maintenance solutions in the United Sates, Australia, and European markets.

All in, this week’s investments support approximately 240 jobs, and the federal government says it will “position Albertans to capitalize on opportunities in traditional and emerging energy-related sectors.”

🤝 Funding, Deals, and Partnerships

• Alberta announces $800 million investment in cancer training and technology. Danielle Smith said a facility opening in Calgary will be "the first global oncology training, learning and reference site in Canada." Calgary Herald

• Opportunity Calgary Investment Fund invests in QAI Ventures to develop quantum talent and startups. The Opportunity Calgary Investment Fund (OCIF) is investing up to $675,000 over the next three years into QAI Ventures to accelerate the development of quantum talent and local startups. Calgary Economic Development

• Edmonton’s Nanoprecise closes USD $38M Series C. Its funding is a combined equity and debt round to make industrial maintenance smarter, faster, and more predictable. Cision

📰 Need To Know

• Alberta has abandoned plans for a video game tax credit. Years after it took steps to revive a tax break for game developers, the province confirms the idea has been shelved. The Logic

• The Calgary Region’s Hydrogen Hub launched in the city. Canada’s energy capital is positioning itself to take part in a global hydrogen market, which Alberta’s Hydrogen Roadmap notes could grow to USD $700 billion annually by mid-century. Hydrogen Hub

• InterviewPal helps candidates get a leg up in interviews. Who out there wouldn’t love to have some help when it comes to nailing a job interview? LiveWire Calgary

• How a University of Calgary satellite is helping the effort to dodge space debris. As Earth's orbit becomes populated with more crafts and devices, researchers are looking for ways to detect and track potentially dangerous debris that could pierce satellites and space stations. CBC

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