The space race is back

Plus, carbon innovation in Alberta.


Welcome to this week's Sunday Briefing. In this issue, read about the upcoming Start Alberta Tech Awards, plus 7 other stories you've probably missed. Have a great day. We'll see you again on Wednesday.

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Start Alberta Tech Awards program arrives in Edmonton this October

What do PurposeMed, Accelerate Fund, and Alberta IoT all have in common? They were all honoured for their achievements at last year’s 2022 Start Alberta Tech Awards. The annual awards program recognizes individuals and organizations with standout contributions to Alberta’s tech industry.

Last year, the awards featured ten categories, but this year, Start Alberta added two new ones: Scaleup of the Year and Leader of the Year. For Calgarians who want to attend the in-person event, they’ll have to travel a bit further, as the 6th annual iteration of the engagement will take place in Edmonton on Wednesday, October 11, 2023.

To learn more about this year’s awards, including Deal of the Year, Most Promising Founder, and Investor of the Year, visit the Start Alberta Tech Awards website.

🗳️ Question of the Week

Do tech awards/recognition programs matter?

Tell us what you think, and read the results on Wednesday

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🤝 Funding, Deals + Partnerships

  • Startup Summit Nanotech eyes $150 million funding for a new way to mine lithium. The Canadian startup is working on a way to hasten extraction of lithium from South American salt flats. BNN Bloomberg

  • Alberta post-secondary schools get $27.3M for innovation, tech research. The Alberta government said the goal of the fund is to help post-secondary schools “accelerate research and commercialization in the areas of medical devices, electronic and mobile health, clean energy, and space and defence technologies.” Global News

  • Calgary-based Attabotics and Urbx have settled a legal dispute over robotic storage patents. BetaKit.


The Rise of SR&ED Financing

The CVCA H1 2023 report revealed a notable rise in the significance of SR&ED financing within the Canadian market.

Easly is spearheading the adoption of SR&ED financing. While other capital sources are becoming increasingly burdensome, Easly Advances remain a cost-effective, simple and strategic way to optimize cash flow.

Using Easly Advances, our customers tap into investment tax credits, like SR&ED and IDM, as they accrue, receiving cash on their schedule rather than in an annual lump sum.

Easly has deployed $150M to innovative Canadian companies. Most of our customers return again and again to access frequent funding that aligns with the cash burn rate of a growing company.

Competitive fixed rates. No application fees. No monthly payments. No personal guarantees.

📰 Need To Know

  • This may be the most perfect carbon innovation yet. Entrepreneurs plan to harvest deadwood with the help of Indigenous partners, capture the carbon, and for extra value, turn it into hydrogen. National Post

  • ‘A big change’: Calgary’s proposal to build more housing near future Green Line station. The proposal would see close to 15 acres of vacant city-owned land on the east end of the neighbourhood redeveloped. Global News

  • 25 Innovators in Construction winners revealed. Winners of the inaugural 25 Innovators in Canadian Construction awards have been unveiled, including Calgary’s Carbon Upcycling. SiteNews

  • Canada poised for success in the space race, stakeholders say. Wyvern CTO Christine Tovee explains that Canada is seeing a jump in companies working in the industry. BNN Bloomberg


Innovate Healthcare Through Impact Investing

From idea to impact, join the investor journey with Spring in healthcare innovation from Calgary.

Spring's Health Impact Investor Challenge empowers purpose-driven ventures to raise capital, builds community for investors, and transforms the future of healthcare.

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