"If we can do it in Edmonton, we can do it anywhere in the world."
The
Edmonton International Airport (YEG)
is making a major move that will position Edmonton as a leader in sustainable aviation and propel the city into the global spotlight for innovation. Read more in Disruption Magazine’s latest issue - The Hydrogen Revolution
.?
Here’s more that caught our eye this week in our #techroundup.
-
Braya Renewable Fuels LP
Newfoundland refinery, formerly a petroleum facility, has commenced operations, converting soybean, corn, and animal fats into renewable diesel
. With an initial capacity of 18,000 barrels, it aims to decarbonize challenging sectors like heavy industry and transportation, contributing to Canada's Clean Fuel Regulations for a 15% carbon intensity reduction by 2030.?
- Canada plans to issue its second Canadian-dollar-denominated green bond
under the updated Green Bond Framework, including certain nuclear energy expenditures. As part of Canada's commitment to being a global nuclear leader, this marks the first inclusion of such expenditures in a sovereign green bond. The green bonds, contributing to Canada's emissions reduction targets, will fund projects like green infrastructure and nature conservation, aligning with international best practices and investor preferences. Canada aims to unlock private financing and develop a robust sustainable finance market while meeting environmental goals.
- The RBC Climate Action Institute's Climate Action 2024 report
reveals that Canada may not meet its climate goals and calls for nearly doubling climate spending to achieve Net Zero by 2050. While acknowledging progress in areas like electric vehicle adoption, the report emphasizes the need for a significant increase in capital for the energy transition. Key findings include the federal government covering 80% of climate action costs since 2016, the importance of provinces increasing spending, and the potential for technology and affordable solutions to drive faster climate action. The report underscores the urgency of accelerating efforts for a sustainable future.
- Halifax-based healthtech startup
Myomar Molecular
(co-founder & CEO -
Rafaela Andrade
) has secured $1.1 million CAD in pre-seed funding
to bring its muscle health monitoring device to market. The funding includes equity led by an undisclosed Nova Scotia angel investor, along with grant contributions from the Canadian and Nova Scotia governments. Myomar Molecular aims to address the often-overlooked segment of muscle health, offering a home-use test kit that includes a urine test and a software application for interpreting results.
- Toronto-based legaltech startup
Bench IQ
(CEO -
Jimoh Ovbiagele
) has raised $2.8 million CAD in pre-seed funding
to scale its AI software, which provides insights into US federal judges' rulings. The funding round was co-led by Maple VC and Haystack, with participation from investors like Ironclad CEO Jason Boehmig and Applied Intuition CEO Qasar Younis. Bench IQ's platform focuses on US commercial bankruptcy law, and the founders aim to expand its coverage to other legal practice areas and state-level courts.
- Montreal-based EdTech startup
Tokidos
has secured $1.35 million CAD in pre-seed funding
for its screenless game console, PLAYCubes, designed to reduce children's screen time. The funding round included participation from Triptyq Capital, Investissement Québec, and Boreal Ventures, as well as angel investors such as Arcade1Up’s CTO Davin Sufer and former DART Aerospace VP Steve Ghaleb. Tokidos aims to launch PLAYCubes in September, offering a screen-free gaming experience for children.
Applications are open for the Spring CELS Valley Ready (VR) program
, a four-month accelerator for health and life science companies raising a Seed to Series A. Read more and apply here
.
Join
Dia Bondi
, Author and Communications?Catalyst at her SXSW Session for her new book Ask Like an Auctioneer: How To Ask For More And Get It. Time: 10 AM CT, Venue: Austin Convention Center, Austin, Texas, USA. For more details and to RSVP, click here
.
Join
Mona Sabet
,
Heather Jerrehian
and
Maria Fernandez Guajardo
at their SXSW Session on Navigating the Choppy Waters of Startup Growth. Time: 11:30 AM CT, Venue: Hilton Austin Downtown, Austin, Texas, USA.. For more details and to RSVP, click here
.
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.
