North Vector Dynamics wins $4.2M National Defence contract for hypersonic propulsion

North Vector Dynamics wins $4.2M National Defence contract for hypersonic propulsion

A Calgary-based defence tech startup has secured a four-year, $4.2-million contract from Canada’s defence department, coinciding with increased federal military spending. North Vector Dynamics, founded…

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Deep Sky Launches First Direct Air Carbon Capture Facility in Alberta

Deep Sky Launches First Direct Air Carbon Capture Facility in Alberta

Montréal-based cleantech startup Deep Sky has announced that its pilot carbon-capture facility in Innisfail, Alberta, is now operational, marking a first for North America. Deep…

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Sovra Names Tom Spengler as New CEO, Divests "Non-Core Businesses" to Focus on Government Tech

Sovra Names Tom Spengler as New CEO, Divests “Non-Core Businesses” to Focus on Government Tech

Montréal-based public sector procurement platform Sovra, formerly known as MDF Commerce, has introduced a new CEO, acquired Calgary-based software startup Ontopical, and divested six “non-core”…

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Bobbie Racette Resigns as CEO of Virtual Gurus Following Undisclosed Funding Round

Bobbie Racette Resigns as CEO of Virtual Gurus Following Undisclosed Funding Round

Bobbie Racette, founding CEO of Virtual Gurus and the first Indigenous woman in Canada to raise a Series A round, is transitioning to serve as…

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Co.Labs’ XiR Program Transforms Mentorship into $100 Million Momentum

Co.Labs’ XiR Program Transforms Mentorship into $100 Million Momentum

When Nick Gray initially collaborated with the soil remediation startup LiORA through Co.Labs’ X in Residence (XiR) program last spring, he intended to provide strategic…

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LiORA Raises $5.1 Million in Seed Funding to Expand U.S. Soil Remediation Platform

LiORA Raises $5.1 Million in Seed Funding to Expand U.S. Soil Remediation Platform

Previously known as Environmental Material Sciences (EMS), soil remediation platform LiORA has raised a $5.1 million CAD seed round to execute its U.S. market strategy.…

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London's Atlantica Expands in Canada with Renewable Platform Acquisition from Oslo's Statkraft

London’s Atlantica Expands in Canada with Renewable Platform Acquisition from Oslo’s Statkraft

Atlantica Sustainable Infrastructure, a London-based company specializing in sustainable assets, has announced its acquisition of Statkraft’s Canadian renewable energy platform. This move adds 236 MW…

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NGen Drives $108 Million Investment in Sustainable Manufacturing Tech

NGen Drives $108 Million Investment in Sustainable Manufacturing Tech

Next Gen Manufacturing Canada (NGen), the federally supported organization managing the Canadian Global Innovation Cluster for Advanced Manufacturing, has allocated $37 million CAD to a…

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Yaletown Partners Secures $100 Million in Initial Closing of Third Innovation Growth Fund

Yaletown Partners Secures $100 Million in Initial Closing of Third Innovation Growth Fund

Vancouver-based venture capital firm Yaletown Partners has raised $100 million CAD in the first close of its third Innovation Growth Fund (IGF III), continuing its…

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