UCalgary named Canada's top startup creator for third time

Plus, a new fund emerges to power the energy transition.

Author

Emily Edwards
October 01, 2023

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

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Photo credit: LinkedIn.

Four Alberta companies were named to LinkedIn’s Top Startups list for 2023. It’s another sign that Alberta’s tech star is shining brightly amidst a precarious global economic environment.

The Alberta startups recognized are Neo Financial (#1), AltaML (#7), Purpose Med (#8), and Summit Nanotech (#12). Neo Financial is the only returning company to the list. It was also ranked #1 last year.

According to LinkedIn, the companies chosen this year “have trailblazed their way through recent economic and workplace challenges — and managed to stand out to investors and top talent along the way.”

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🤝 Funding, Deals + Partnerships

  • Avatar Ventures announces first close of $2.5MM for its inaugural leadership fund 1. The fund – targeted at $3 million – will provide early-stage risk capital to emerging energy transition technologies developed through Avatar's groundbreaking three-stage platform, The Avatar Program. Avatar Innovations

📰 Need To Know

  • UCalgary is Canada’s No. 1 research startup creator for 3rd year running. 2022 rankings from Association of University Technology Managers put the university on top again. University of Calgary

  • New app uses AI to help Calgary medical students practice interacting with patients. A Calgary medical student has developed an app that allows future doctors to work on their diagnostic and communication skills before they set up their practices. CTV News

  • Calgary plant the ‘brains’ behind new innovation for more cost efficient EVs. Exro Technologies is out with a new inverter it hopes will help drive savings for EV users. Global News

  • Edmonton Unlimited releases its list of top Edmonton startups to watch through 2024. The companies will compete for a $10,000 prize. Edmonton Unlimited

  • Skip the checkout lines with Amazon technology at Calgary's Saddledome. Calgary Sports and Entertainment says one of its stores has been outfitted with Amazon's Just Walk Out technology. CTV News

  • LinkedIn Top Startups 2023: Here’s the full list of 15 Canadian companies on the rise. The annual LinkedIn Top Startups list is a testament to that spirit of innovation, featuring 15 young Canadian companies that are growing fast and gaining attention. LinkedIn News

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