Welcome to this week's Sunday Briefing. In this edition:

  • Calgary companies raise nearly $450 million

  • Summit Lithium explores a possible M&A deal

  • WaitWell unveils a next-gen platform

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Platform Calgary partners with Montreal’s Ax.c on startup exchange

Photo: Platform Calgary

Startups from Montreal’s Ax.c entrepreneurship hub will be able to work out of Calgary’s Platform Innovation Centre in the East Village under a new partnership with Platform Calgary. The two organizations announced the reciprocal agreement on November 10, with the stated aim of making it easier for startups to move between the two cities.

Ax.c member startups will be able to use the centre’s workspace and meeting rooms when they are in Calgary on business. Platform Calgary members will get the same access at Ax.c’s location in downtown Montreal. Both organizations also plan to open their expert sessions, networking activities, and ecosystem events to each other’s communities.

The organizations say they will also make targeted introductions to partners, investors, incubators, and accelerators within their respective ecosystems, for Quebec startups looking to expand into Western Canada and Alberta companies looking to enter the Quebec market.

“Founders are building companies that don’t stop at provincial borders,” said Jennifer Lussier, CEO of Platform Calgary. “Our members will be able to count on a welcoming community in Quebec, and we’re proud to host Ax.c startups in Calgary.”

The agreement has an initial term of one year. Platform Calgary is a non-profit, member-based organization that supports startups in the city through its programs and innovation centre. Ax.c describes itself as an innovation hub for tech startups, support organizations, investors, and large companies.

🤝 Funding and Deals

  • Calgary companies raise nearly $450 million as Alberta passes last year’s venture total. Only Toronto and Montreal attracted more capital. Calgary.Tech

  • Summit Lithium Technologies exploring M&A deal, possibly to foreign buyer. Calgary-based company is considering several options, but says intention is to keep footprint in Canada. Betakit

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📰 Need To Know

  • WaitWell unveils next-gen platform to make ‘entire service experience better.’ The Calgary-based service operations innovator targets government, healthcare, education, and retail organizations that want to reduce waiting times for customers. Calgary.Tech