Connect with us

Technology

Minister Vandal announces federal investments to support clean technology advancements across Alberta

Published

on

More than $21 million through PrairiesCan to build on Alberta’s strengths in commercializing innovative technologies that benefit people and communities in the green Prairie economy

CALGARY, AB, July 4, 2024 /CNW/ – As global markets increasingly look for more sustainable ways of doing business, innovators across Alberta have new opportunities to create and commercialize technologies that offer benefits for both the economy and the environment. Alberta is already a national and global leader across key sectors that contribute to Canada’s prosperity—from energy, environment and aerospace to digital technology, life sciences and value-added agriculture.

Through improved coordination across federal departments and in partnership with all levels of government and industry, the Government of Canada is committed to enabling Alberta’s small- and medium-sized businesses to continue capitalizing on these and other opportunities that build on Alberta’s established strengths in creating products and services that the world needs. 

Today, the Honourable Dan Vandal, Minister for PrairiesCan, announced federal funding of more than $21.9 million for 13 projects to bolster Alberta’s clean technology sector through the commercialization and adoption of new applications that offer environmental benefits across a wide range of industries. Examples of projects receiving support include:

Alberta Innovates is receiving $10 million to launch a production and testing facility to support the commercialization of new technologies that help produce low-cost carbon fibre using bitumen.

The Battery Metals Association of Canada is receiving $850,000 to support growth of the battery metals sector in Western Canada by enhancing collaboration and educating stakeholders.

Carbon Management Canada is receiving $1,168,000 to enhance its emission management technology validation facility where small- and medium-sized businesses can test, refine, and commercialize carbon capture products and technologies.

Kuva Canada is receiving more than $4 million in repayable funding to grow market share of its automated methane monitoring products and software which safely detect methane leaks more accurately, faster and at a lower cost than traditional methane inspection technologies.

The Métis Nation of Alberta (MNA) is receiving $174,000 to conduct a comprehensive review of the Métis Housing portfolio energy efficiency plan that will provide prioritized recommendations to increase the energy efficiency of homes and support their Climate Change Action Plan.

Projects receiving funding will have significant environmental and economic benefits across the Prairies, including supporting more than 415 jobs and enabling Alberta firms to take advantage of growing market demand for clean energy solutions. Today’s federal investment leverages about $7 million in additional funding through other levels of government and industry.

This announcement exemplifies key principles of the Framework to Build a Green Prairie Economy, which was tabled in Parliament in December 2023 as a long-term commitment to seize new possibilities to build good-paying jobs in a globally competitive green economy by working collaboratively to build on the region’s strengths in clean resource development, agriculture and manufacturing, and the service industry.

Quotes

“Our government is making strategic investments to build on Alberta’s proven ability to commercialize innovative clean energy solutions that have environmental and economic benefits. Today’s investment in these 13 projects will help ensure that Alberta businesses can capitalize on new opportunities to meet global demand for clean technology know-how and expertise. These investments, in conjunction with enhanced collaboration supported by the Framework to Build a Green Prairie Economy, will help build a stronger and more sustainable economic future across the Prairies.”
–The Honourable Dan Vandal, Minister for PrairiesCan

“Today’s announcement is about making sure Alberta businesses remain at the forefront of Canada’s innovation. These projects will create sustainable jobs and demonstrate Alberta’s proven capacity to create clean technology and energy – pushing us towards great global market opportunities.”
–The Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages

“Alberta is home to world-leading businesses and entrepreneurs who punch above their weight in innovation and ingenuity. Clean technology and clean energy are fields in which our province is gaining a global reputation for excellence. Today’s investments will further bolster that capability so that we can create a sustainable economy and good jobs for Albertans for years to come.”
George Chahal, Member of Parliament for Calgary Skyview

“We congratulate Alberta Innovates on the success in the Regional Innovation Ecosystems program competition. The award will create markets and opportunities for Alberta that haven’t previously existed. We look forward to the results of the Carbon Fibre Grand Challenge, which has the potential to create jobs in a new industry, and to attract investment.”
–The Honourable Nate Glubish, Minister of Technology and Innovation, Government of Alberta

“This investment of more than $21 million is a vote of confidence in our city’s ability to lead the charge towards net-zero. As the heart of Canada’s energy sector and home to the biggest concentration of Alberta’s cleantech companies, our local businesses are at the forefront of developing technologies that will shape a greener future. This support will undoubtedly accelerate their efforts to bring these solutions to global markets.”
Jyoti Gondek, Mayor, City of Calgary

“This initiative will support our commitment to reduce greenhouse gas emissions, improve housing sustainability and build internal capacity within Métis Housing, accelerating climate action for our Housing portfolio and ensuring that our staff are equipped with the knowledge and skills needed to drive sustainable change from within our community. Together, we are laying the groundwork for a more sustainable and resilient future for generations to come.”
Jason Chernow, Calgary Elbow Métis District 6 Citizens’ Representative and Secretary of Environment and Climate Change, Otipemisiwak Métis Government of the Métis Nation within Alberta

“This funding will accelerate the development and commercialization of carbon fibre technologies in Alberta. Carbon fibre can be a key pathway to a net-zero emissions future – dramatically reduce emissions and enable a new Canadian competitive advantage in a low-carbon economy. The facility will allow carbon fibre producers and manufacturers to meet the needs of climate sensitive markets and get a step closer new advanced materials industry.”
– Michael Mahon, PhD, Interim, CEO, Alberta Innovates

“BMAC’s mission is to foster the growth of Canada’s emerging battery industry to develop a strong and sustainable domestic value chain in support of the clean energy transition. As a small non-profit organization with a large mandate, the investment BMAC has received from PrairiesCan has been instrumental in enabling us to connect with Canada’s battery industry and provide key resources and support to aid in its success.”
Sean De Vries, Executive Director, Battery Metals Association of Canada

“We are thrilled to have been selected for investment by PrairiesCan. This funding will enable us to accelerate growth by investing into increasing our Calgary-based team and commercialising additional features while helping our oil and gas customers see, size and solve their methane emission challenges to meet emission reduction goals.”
– Stefan Bokaemper, President, Kuva Canada  

Quick facts

Federal funding for these 13 projects is being provided through PrairiesCan. PrairiesCan programs and services help businesses, not-for-profits and communities grow stronger: its mandate is to support economic growth and diversification in the Prairie provinces and advance the interests of the region in national economic policy, programs, and projects.The Framework to Build a Green Prairie Economy is a long-term commitment to work differently; through stronger coordination among federal departments on investments for the Prairies, and closer collaboration with Prairie partners on their priorities for a prosperous and sustainable Prairie economy that respects provincial jurisdictions and supports Indigenous economic reconciliation.In Alberta specifically, the Framework is intended to encourage greater collaboration on regional investment opportunities, such as supporting decarbonization by advancing the hydrogen ecosystem and critical minerals opportunities; growing a sustainable agriculture sector by catalyzing more value-added activity and reducing environmental impact; and strengthening our support for community economic development capacity and initiatives, especially in Indigenous and rural communities.

Backgrounder

PrairiesCan is investing over $21 million for 13 projects in Alberta through several federal programs, including the Alberta Indigenous Clean Energy Initiative; the Business Scale-up and Productivity program; and the Regional Innovation Ecosystems program. These investments are expected to support over 415 jobs and help Alberta organizations seize opportunities resulting from the integration and development of clean technologies. Adopting and commercializing new technologies offers the potential of environmental and economic benefits across a wide range of industries.

Alberta Indigenous Clean Energy Initiative (AICEI) – $926,450

The AICEI supports renewable energy generation or energy efficiency projects that are led by, or for the benefit of, First Nation and Métis communities in Alberta. AICEI is funded through the Strategic Partnerships Initiative which is led by Indigenous Services Canada to provide a way for federal partners to coordinate their efforts, reduce administrative burden and pool resources in support of Indigenous communities. Today, PrairiesCan announced AICEI support for four projects: 

Cold Lake First Nations ($124,000)
Complete a feasibility study to determine the suitability of a geothermal system to heat and cool a new pre-construction events centre as well as the existing Casino Dene and Hotel Dene.Métis Nation of Alberta ($174,000)
As part of the Métis Nation of Alberta (MNA) Climate Change Action Plan, conduct a comprehensive review of the MNA housing portfolio and develop a report which gives prioritized recommendations to increase the energy efficiency of homes.
Neyaskweyak Group of Companies Inc. (Ermineskin Cree Nation) ($373,450)
Complete a feasibility study to support the approval and construction of a new solar farm in Ermineskin Cree Nation.Southern Alberta Institute of Technology (SAIT) ($255,000)
As part of a partnership between SAIT’s Green Building Technologies research division and the Alberta Native Friendship Centre Association (ANFCA), upgrade ANFCA Friendship Centres in Fort McMurray, Medicine Hat, and St. Paul with energy efficient building systems to reduce emissions and operating costs.

Business Scale-up and Productivity (BSP) Program – $5,986,395

The BSP program supports high-growth businesses that are seeking to improve productivity, scale-up and commercialize technology. It offers interest-free, repayable funding to incorporated businesses that have been in operation for a minimum of two years. Today, PrairiesCan announced BSP support for two projects:

Kuva Canada ($4,079,895)
Expand marketing, operations, and product development initiatives to grow market share of its automated methane monitoring products and software which safely detect methane leaks more accurately, faster and at a lower cost than traditional methane inspection technologies.RJ Maclean Tank Services ($1,906,500)
Incorporate product improvements and launch marketing initiatives to increase international sales of its robotic tank cleaning system which uses less water and produces less waste than traditional industrial storage tank cleaning processes.

Regional Innovation Ecosystems (RIE) Program – $15,070,112

The RIE program helps create, grow, and nurture inclusive regional ecosystems that support business needs to facilitate innovation. Through the RIE program, targeted investments in not-for-profit organizations support businesses in priority sectors to innovate, grow and compete globally. The RIE program also promotes inclusive growth by helping underrepresented groups more fully participate in the innovation economy. Today, PrairiesCan announced RIE support for seven projects:

Alberta Energy Efficiency Alliance ($500,000)
Lead stakeholder engagement sessions and technology demonstrations to increase the adoption of energy reducing technologies and support collaboration in Alberta’s energy industry.Alberta Innovates ($10,000,000)
Establish a specialized production and testing facility to commercialize technologies that convert bitumen into carbon fibre at a significantly lower cost than traditional carbon fibre manufacturing processes.
Alberta Motor Transport Association and the University of Alberta ($1,400,000)
Expand hydrogen heavy vehicle trials and demonstrations across Alberta, including in rural areas and Indigenous communities. This latest funding builds on PrairiesCan’s previously announced funding of $3 million, bringing total PrairiesCan funding to $4.4M.Battery Metals Association of Canada ($850,000)
Support growth of the battery metals sector in Western Canada by enhancing collaboration and educating stakeholders.Carbon Management Canada ($1,168,000)
Purchase and install new equipment to enhance its emission management technology validation facility where small- and medium-sized businesses can test, refine, and commercialize carbon capture products and technologies. This latest funding builds on PrairiesCan’s previously announced funding of $1,573,500, bringing total PrairiesCan funding to $2,741,500.Pembina Institute ($752,112)
Establish a new Centre for Carbon Dioxide Removal based in Calgary which will provide resources and workshops to advance a market for innovative technologies that remove carbon dioxide directly from the atmosphere.Petroleum Technology Alliance Canada ($400,000)
Provide technical, business and marketing support to help businesses in Alberta export their clean technology innovations to international markets.

Associated links

Prairies Economic Development Canada (PrairiesCan)The Framework to Build a Green Prairie EconomyGreen Prairie Economy

Stay connected
Follow PrairiesCan on Twitter and LinkedIn
Toll-Free Number: 1-888-338-9378 
TTY (telecommunications device for the hearing impaired): 1-877-303-3388

SOURCE Prairies Economic Development Canada

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Manufacturing Category at 139th Canton Fair Presents Smarter, Lighter and More Connected Solutions

Published

on

By

GUANGZHOU, China, April 24, 2026 /PRNewswire/ — At the 139th Canton Fair, Manufacturing category presented a clear view of how industrial equipment is evolving to address efficiency, labor shortages, and sustainability goals. Across power equipment, machinery, automation systems, and industrial robots, exhibitors pointed to a common direction: smarter operation, stronger engineering performance, and deeper integration with digital manufacturing systems.

Industrial equipment is advancing towards intelligence with products emphasizing built-in sensing and automatic adjustment to enhance reliability and efficiency. Silent inverter generators, for example, can detect operating conditions and ambient temperature to regulate cooling for better fuel use and stability. Pumps and cleaning equipment with variable-frequency drives and integrated protection systems follow the same approach, prioritizing smooth operation, longer service life, and consistent output.

Lightweight, high-performance design has also become a priority across categories. Advances in materials and structural engineering are enabling major weight reductions without compromising power or durability. Aluminum-extrusion housings in three-phase asynchronous motors cut weight by up to 40% while improving heat dissipation and installation efficiency. Lightweight permanent-magnet submersible pumps delivered stronger flow stability despite smaller size and reduced weight.

AI-based visual inspection and quality control are also becoming essential. AI-powered optical inspection stations demonstrated full-process, high-speed inspection without relying on manual sampling. By turning experience-based judgment into standardized, repeatable rules, these systems help manufacturers improve scalability and consistency.

Industrial robots are taking on more active roles as well. Security patrol robot dogs and inspection robots are moving beyond monitoring to direct intervention, such as carrying fire-suppression modules for emergency response. This shift marks a broader move from passive observation to active execution in high-risk or labor-intensive environments.

Finally, more industrial devices are being designed as system nodes rather than standalone machines. Intelligent industrial gateways that combine data collection, protocol conversion, edge computing, and secure transmission show how equipment value increasingly depends on its ability to connect with enterprise-level digital systems.

The 139th Canton Fair vividly showcased the accelerated shift of industrial equipment toward intelligent and system-level development.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/manufacturing-category-at-139th-canton-fair-presents-smarter-lighter-and-more-connected-solutions-302752629.html

SOURCE Canton Fair

Continue Reading

Technology

Zhejiang unicorn ranks grow to 58 as Hangzhou tightens lead, top ranking shows

Published

on

By

Province adds three unicorns, expands high-growth pipeline
Hangzhou accounts for 83% as new entrants and startups scale up

HANGZHOU, China, April 24, 2026 /PRNewswire/ — Zhejiang’s roster of unicorn companies has expanded to 58 as of April 2026, highlighting the province’s growing role as a hub for emerging technologies and industrial upgrading.

The latest rankings, released at the 10th All Blossom Conference in Hangzhou on April 23, show companies spread across seven cities, including Hangzhou, Ningbo, Jiaxing, Jinhua, Shaoxing, Taizhou and Wenzhou.

While Hangzhou, Ningbo and Jiaxing remain the top three hubs, the broader distribution points to a more geographically balanced innovation landscape. The province’s unicorn count rose by three from a year earlier.

Hangzhou continues to dominate the landscape, home to 48 of Zhejiang’s unicorns, up from 44 last year—when it already accounted for roughly four out of every five such startups.

The annual rankings also include tiered lists of “future unicorns,” valued between $100 million and $1 billion, and early-stage “seed unicorns” worth $10 million to $100 million.

Together, they map a full pipeline of high-growth companies across sectors such as artificial intelligence, embodied intelligence, life sciences, new energy, semiconductors, advanced manufacturing and aerospace, and have become a key barometer of Zhejiang’s startup ecosystem.

Among the top 100 future unicorns, integrated circuits lead with 22 companies, followed by artificial intelligence and life sciences with 19 each. Advanced manufacturing accounts for 16 firms, new energy and materials 15, and next-generation information technology nine.

In the seed unicorn category, new energy and life sciences each count 22 companies, ahead of advanced manufacturing with 19, while AI, next-generation IT and semiconductors each have 11 firms, and aerospace-related companies total four.

Against that provincial backdrop, Hangzhou remains the clear center of gravity—continuing to generate both the largest share of unicorns and the deepest pipeline of emerging startups.

The city added eight companies to its unicorn ranks on April 23, bringing the total to 48, according to the same conference ranking.

The new entrants—Hailiang Technology Services, Geener Microelectronics, Spirit AI, Geespace, Sunrise, Seepin, DEEP Robotics and Simplexity Robotics—span sectors from semiconductors and robotics to commercial aerospace.

As of April, Hangzhou accounted for 83% of Zhejiang’s unicorns, up from 80% a year earlier, underscoring its outsized role in the province’s innovation economy.

The conference also released a list of 413 quasi-unicorns—companies typically valued between $100 million and $1 billion—including 50 new additions.

Several firms, such as Diagens Biotechnology, Manycore Tech, Mirxes, Promisemed, Saint Bella, Tide Pharmaceutical, Tongshifu and ISV, exited the list after scaling into unicorn status or completing initial public offerings.

Quasi-unicorns are concentrated in sectors aligned with Hangzhou’s broader “296X” industrial strategy. Life sciences lead with 118 firms, followed by next-generation information technology with 78 and AI and embodied intelligence with 50—together accounting for about 60% of the total.

The “296X” is an industrial cluster blueprint the city introduced in October 2025 in an effort to speed up the integration of technological and industrial innovation.

More than half of both unicorns and quasi-unicorns—255 companies—are classified as nationally recognized “specialized and refined” enterprises, including 20 unicorns and 235 quasi-unicorns, reflecting a structured pipeline of high-growth firms.

Since 2018, Hangzhou’s unicorn count has risen from 26 to 48, while quasi-unicorns have expanded from 105 to 413, underscoring sustained growth in its innovation-driven economy.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/zhejiang-unicorn-ranks-grow-to-58-as-hangzhou-tightens-lead-top-ranking-shows-302752640.html

SOURCE All Blossom Conference

Continue Reading

Technology

KUN Unveils AI Intelligent Strategy at Money20/20 Asia: Reconstructing Global Commercial Efficiency with “1-1-4-6” Layout

Published

on

By

BANGKOK, April 24, 2026 /PRNewswire/ — At the prestigious Money20/20 Asia held at QSNCC, KUN showcased its upgraded brand identity and launched the “1-1-4-6” Intelligent Strategic Blueprint. This milestone marks KUN’s comprehensive transition toward a globalized, full-stack, and intelligent ecosystem.

Dr. Louis Liu, Founder & Group CEO of KUN, stated at the launch: “While the convergence of Web2 and Web3 defines the current era, we believe the embedded ecosystem synergy of AI and Web3 is the inevitable future of commerce. Our evolution is an intelligent reconstruction of commercial efficiency. By leveraging decades of vertical payment expertise, we provide enterprise clients with full-stack, end-to-end payment and financial solutions. Through digital orchestration and operations, we deliver secure, compliant, and high-velocity transaction safeguards to empower global business growth.”

Money20/20 Roundtable: Compliance as the “Scaling Layer” for Institutional Adoption

At the “Bridging TradFi and DeFi” roundtable, Dr. Liu shared three key insights on the future of cross-border finance:

Asia as the Hub for Real-World Stablecoin Settlement: Asia has emerged as a critical hub for cross-border trade flows and stablecoin settlement, connecting high-growth emerging markets. Currently, 60% of the world’s on-chain stablecoin trade volume is centered in Asia, making it a primary corridor for capital flows between Asia, LATAM, Africa, and the Middle East.

Compliance as the “Scaling Layer”: The bottleneck for scaling digital payments is not technology or licensing, but the ability to embed jurisdictional compliance frameworks into business logic. Integrating AML and risk controls directly into the payment flow is the prerequisite for the explosion of global institutional applications.

Accelerating AI and Web3 Ecosystem Convergence: As AI agents increasingly enter commercial decision-making, payments are shifting from human-controlled to autonomous. Blockchain and stablecoins will serve as the default infrastructure for Agent-to-Agent (A2A) transactions.

Exhibition Interaction: From Platform Governance to Vertical Efficiency

At the main exhibition area, KUN demonstrated its dual-brand synergy through a new visual identity:

KUN: Positioned as the Trusted Vertical Digital Payments Platform for Real Economy, providing one-stop digital payments and scenario-based on-chain financial solutions.

YeeZ: A KUN Group brand specializing in 2B2C Global Corporate Card Issuance for global enterprises.

The “1-1-4-6” Strategic Blueprint: Driving Global Growth

KUN decoded its “1-1-4-6” strategy—an AI-powered blueprint designed for seamless asset mobility. The ecosystem integrates KUN Space™ (the digital payments & financial services platform) with KUN Nexus™ (the AI-orchestrated liquidity network). Driven by four core engines—KUN | Pay, KUN | Cards, KUN | Money, and KUN | Agent—the strategy empowers liquidity for six vertical sectors: Bulk Commodity, General Trade, B2B Cross-border E-Commerce, Service Trade, Web3 Ecosystems, and AI Applications.

Future Vision: The Era of “Driverless” Intelligent Payments

The launch highlighted KUN | Agent as the pioneer of the “driverless” era of intelligent global payments.

KUNClaw.AI: Orchestrates autonomous financial workflows to drive intelligent cost reduction and efficiency.

AI Agent Wallet: Features programmable KYC and authorization fences to ensure secure, compliant execution where “decision is payment”.

Seamless Network, Borderless Payments.

KUN remains dedicated to serving as the engine for the real economy, providing secure, compliant, and efficient one-stop cross-border payment solutions in an uncertain global environment.

About KUN

KUN is an innovative financial infrastructure company centered on digital payments and embedded finance. Built on a globally distributed licensing framework and a robust compliance and risk-management system, KUN connects Asia with high-growth emerging markets across Africa, Latin America, and the Middle East.

Positioned as a trusted vertical digital payments platform for real economies, the company operates across four core pillars—Cross-Border Digital Payments, On-Chain Finance, Card Issuing, and AI Agentic Payments. By integrating artificial intelligence and blockchain technologies, KUN delivers secure, compliant, and efficient one-stop payment and transaction services for enterprise clients across industries including commodity trade, B2B cross-border e-commerce, service trade, Web3 ecosystems, and AI applications.

Through this integrated infrastructure, KUN serves as a growth engine enabling enterprises to expand globally with speed, trust, and financial connectivity.

Learn more about KUN → www.kun.global

Contact: KUN: brandmkt@kun.global  

View original content:https://www.prnewswire.com/apac/news-releases/kun-unveils-ai-intelligent-strategy-at-money2020-asia-reconstructing-global-commercial-efficiency-with-1-1-4-6-layout-302752641.html

SOURCE KUN

Continue Reading

Trending