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Welcome to this week's Sunday Briefing. In this edition:
Funding for the circular economy
A new leader in Calgary’s tech ecosystem
A U.S. expansion for a local company
Have a great day. We'll see you again next week.
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Calgary startup lands CFIN funding to advance sustainable plant protein
Calgary-based Lovingly Made Ingredients is among 13 companies receiving funding through the Canadian Food Innovation Network’s (CFIN) latest round of Innovation Booster investments. The company is developing cleaner processing methods for Canadian-grown pea and faba proteins, with the goal of expanding their use in plant-based meat and dairy alternatives.
In total, CFIN is awarding $1.2 million to support 13 foodtech projects across Canada, with matching industry contributions bringing the total investment to over $2.4 million. The funded innovations span areas such as AI-driven procurement tools, microbial alternatives to synthetic dyes, and real-time food quality sensors.
CFIN’s Innovation Booster program provides rapid, flexible funding to help small and medium-sized enterprises accelerate commercialization and navigate technical barriers. To date, the organization has invested nearly $20 million in 102 projects, generating $90 million in economic impact and supporting over 350 jobs and co-op placements across the country.
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🤝 Funding, Deals, and Partnerships
PlasCred awarded $5 million grant from Emissions Reduction Alberta to advance Neos facility. PlasCred has already demonstrated proof-of-concept success with patent-pending Primus, its pilot-scale unit, which has been operational since May 2023. PlasCred
Carbonova selected for funding through Emission Reduction Alberta’s Advanced Materials Challenge. These funds, totaling $4.38 million, mark a major win in Carbonova's journey—supporting the company as it advances toward the commissioning of its first-of-its-kind Commercial Demonstration Unit in Calgary. Carbonova
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📰 Need To Know
Aimsio expands into the U.S. with Houston headquarters. Founded in 2013, Aimsio has been at the forefront of digitizing field operations—streamlining dispatch, ticketing, timesheets, and invoicing for industries such as construction, energy, utilities, and transportation. Calgary.Tech
Request For Proposals: Low Carbon Fuels Study. Calgary Economic Development is seeking a partner to conduct a Low Carbon Fuels Study that will inform decisions from CED and partners to support the future needs and strategy needed for the development of the sector. Calgary Economic Development.
Leading Canadian payroll provider Wagepoint names Ben Richmond as chief executive officer. Most recently, he was the Managing Director for North America at Xero, where he was responsible for driving growth and operations across the U.S. and Canadian markets, and served as a member of the company's global executive leadership team. Wagepoint
Litus deploys field pilot of breakthrough lithium extraction technology. The announcement signals growing momentum for Alberta’s emerging role in the critical minerals sector, particularly in sustainable lithium extraction. Calgary.Tech
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