Changes to royalties could super-charge upgrading in Alberta

Fixing the royalty structure seems like low-hanging fruit

Changes to royalties could super-charge upgrading in AlbertaWith news of the official termination of the Keystone XL project, the Alberta government is out approximately $1.3 billion. What’s more, the province is left with unrefined bitumen that it doesn’t have the capacity to upgrade to higher-value products like gasoline and diesel. Why, then, does the province not look to develop its own capacity…

Spinoff company could help unlock a lithium industry for Alberta

Innovative technology extracts the increasingly valuable metal from wastewater

Spinoff company could help unlock a lithium industry for AlbertaAlberta’s oil and gas fields could be in store for another natural resource boom thanks to a University of Alberta-based lithium extraction technology with the ability to unlock the increasingly valuable metal. Faculty of Science geochemist Dan Alessi, professor in the Department of Earth and Atmospheric Sciences, and former post-doctoral fellow Salman Safari have spun off their technology…

Regulatory quicksand holds back clean tech in Alberta

Sitting on an enormous economic opportunity that could address current financial and environmental issues and help diversify the economy

Regulatory quicksand holds back clean tech in AlbertaWith Alberta’s economy still sputtering and not expected to rebound until 2023, the knowledge that we are sitting on an enormous economic opportunity is music to the ears of most Albertans. The fact that this opportunity not only addresses current financial and environmental issues but also helps diversify the energy sector is a veritable symphony.…

Edmonton startup in race to develop lab-grown meat

Industry poised for rapid growth

Edmonton startup in race to develop lab-grown meatA fast-growing Edmonton startup company that’s a new player in the cellular agriculture sector recently received US$2.2 million from three U.S. venture capital firms and a number of private investors. Future Fields, which was incorporated in 2018, was founded by two University of Alberta graduates and a former U of A employee. All but two…

Critical reagents needed for COVID-19 testing now produced in Canada

Up until now, Canada has been highly dependent on foreign suppliers

Critical reagents needed for COVID-19 testing now produced in CanadaUniversity of Alberta spinoff company Applied Quantum Materials Inc. (AQM) is using its chemical production expertise to partner with Alberta Health Services (AHS) and Alberta Precision Labs to provide critical reagents needed for COVID-19 testing. “These reagents – or ‘magnetic beads’ – used in standard nucleic acid testing are the gold standard for molecular tests,” said Stacey Hume, associate professor in…

New accelerator launched to commercialize innovations

New industry-led accelerator will address the earliest barriers faced by researchers just starting on the path to commercialization

New accelerator launched to commercialize innovationsThe University of Alberta and a local business consultancy firm, with the backing of the federal government, have launched a new accelerator program specifically designed to increase the number and quality of commercial ventures at the earliest stages coming out of the university. Innovation Masterminds Edmonton (imYEG) stems from a partnership between the U of…

Investing in green future easier said than done for Alberta

Capitalizing on an educated workforce and taking a hard look at taxation would help the province diversify its post-pandemic economy, according to U of A experts

Growing Alberta’s sustainable energy sector alongside its conventional energy backbone might be a short-term remedy for pulling the province out of its current financial crisis, but University of Alberta economists say it won’t necessarily help the province compete globally. Joseph Doucet, dean of the Alberta School of Business, agrees that investment in a greener future…

Modular home maker aims to be world beater

The resource price crash of 2014 forced Horizon North to turn its old business model on its head

Modular home maker aims to be world beaterA high-end home built by an oil-and-gas logistics company? Now, that’s disruptive technology at work. Disruption is a way of life now for Horizon North, a company that has had to be exceptionally nimble after the resource price crash of 2014 turned its old business model on its head. Created as a spinoff from Mullen…

Why the Alberta technology sector can’t seem to pull ahead

Dispatches from the Alberta technology trenches

Why the Alberta technology sector can’t seem to pull aheadNow that the energy industry is no longer the engine of growth it once was, Albertans are finally waking up to a cruel reality; we’ve put all our economic eggs in one (carbon-emitting) basket. Albertans' new urgency to diversify their economy will require changing the way we do things. At a minimum, we will need…

How to seed Alberta’s future as a tech giant

It’s time for the provincial government to get involved in tech development by providing venture capital insurance

How to seed Alberta’s future as a tech giantYou hear a lot of talk these days that Alberta needs to “go green” and that technology should be to the 21st century what energy was to the 20th. But if the energy industry is supplanted, how will the Alberta government replace the billions of dollars in resource royalties that flow into its treasury every…
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