Burnaby’s Ballard Power Systems has announced a global restructuring plan to cut costs and strengthen its financial position. This move comes in response to slower progress in building hydrogen infrastructure and delays in fuel cell adoption. The cost-cutting efforts will involve reducing the workforce, streamlining product development, consolidating operations, cutting capital expenses, and improving how the […]
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Sky’s the Limit for Surrey Agtech Startup Competing as Finalist in Multiple Events
The New Ventures B.C. Competition is a well-seasoned event. The annual affair started more than two decades ago, back in 2000, under the direction of Wal van Lierop. The driving idea behind the competition was to encourage regional innovation in tech—and the event has been an icon of the local ecosystem ever since. This year, […]
Salesforce Ventures Expands AI Investments to $1 Billion
Salesforce Ventures has announced a new $500 million AI fund, doubling its total commitment to AI innovation to $1 billion over the past 18 months. The fund aims to support high-growth companies and visionary founders driving advancements in artificial intelligence. Salesforce Ventures has invested in over two dozen AI companies, including Anthropic, Cohere, and Hugging […]
UBC Cleantech Startup Fibernx Recognized in B.C. and Alberta for Carbon Fibre Innovation
Bitumen from Alberta’s oil sands, typically restricted for use as fuel or asphalt, can now be transformed into more useful and valuable carbon nanofibres, say local experts working on the technology. UBC materials engineer Dr. Yasmine Abdin, alongside Dr. Frank Ko from the Faculty of Applied Science and Dr. Scott Renneckar from the Faculty of […]
FIBR.BIO Keeps It Circular with Organic, Zero-Waste Alternatives to Popular Synthetic Fabrics
Synthetic fibres are common today across clothing, packaging, and industrial applications, but that does not make them good for the environment. These fibres—90 tonnes per year—may prove practical to produce but they account for 8% of global emissions, and, worse, are infamous for their lack of recyclability. A Canadian startup is seeking to shift the […]
NVBC Finalist Insporos Inspires with Seed-Sorting Technology as Startup Gathers Trophies
After winning the first-ever Farmers Den pitch competition at the Pacific Agriculture Show in January, Insporos Technologies secured second place and $25,000 at the inaugural INNOVATEwest Conference in April, where the Grizzly Pursuit pitch competition saw 25 startups from across the country pitch to a roster of judges. Today, Insporos is a Top 10 Finalist […]
Vancouver Cleantech Firm TIMEZYX Enhances Infrastructure Resilience with Digital Twin Tech
A clean technology startup based out of Vancouver is garnering attention for its response to a reported rise in climate risks. TIMEZYX, a Top 10 Finalist in this year’s NVBC Competition, has developed digital twin software that targets cities and other infrastructure owners, enabling them to simulate real-world counterparts in a bid to gain valuable […]
How Port Coquitlam’s Tree Track Intelligence Helps Restore Lands Impacted by Wildfire
While many entities in Canada are tackling wildfire management through technological and other means, it must still be accepted that the natural phenomenon will always occur to some degree—as it should. Beyond wildfire mitigation, therefore, lies how to optimize lands already impacted by the event. An upstart out of Port Coquitlam by the name of […]
Terramera Spin Out Catalera BioSolutions Raises Round To Boost Biological Pest Control
Less than four months after spinning out of Vancouver’s Terramerra, agtech startup Catalera BioSolutions has announced the initial close of its Series A funding round. The USD $8M investment round was led by S2G Ventures, with follow-up investment from Farm Credit Canada (FCC) Capital, and a second and final close expected in Q4 of 2024. […]
Biotech Startup CereCura Nanotherapeutics is Innovating Treatment for Brain Diseases
A preclinical biotechnology company developing a disease-agnostic approach to overcome barriers to central nervous system treatments has garnered attention from New Ventures BC. Based out of Vancouver, CereCura Nanotherapeutics was founded by neuroscientists Louis-Philippe Bernier and Nicholas Weilinger alongside Brian MacVicar, Peter Cullis, and Richard Howlett in June of 2022 with an aim to improve […]