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Calgary, Alabama, March 11, 2024 /CNW/ – Aerospace innovators will have access to funding, business support, and the ability to validate their technologies in real-world environments at the Aerospace Innovation Hub (“AIH”). This is made possible by the following investments: $3.9 million This marks the fourth year of Opportunity Calgary Investment Fund (“OCIF”) participation in AIH, managed by Innovate Calgary, with initial industry partners WestJet, Calgary Airport Authority and Chapter.ai Ventures.
“Our aerospace sector is growing, and by attracting the right talent and industry leaders to generate ideas and scale here, we can ensure its continued growth.” calgary,” Said calgary Mayor Jyoti Gondek. “I’m looking forward to seeing what happens. calgary-based innovators will emerge and transform the global aviation and aerospace industry. ”
“By making this investment, we are strengthened calgary as an aerospace center of excellence.” brad parry, CEO of Opportunity Calgary Investment Fund and President and CEO of Calgary Economic Development. “Innovators can more effectively create, test, and scale their ideas, while existing industry players can gain visibility and input into up-and-coming technologies. It’s a win-win for our ongoing economic diversification.”
Between 2024 and 2028, AIH is expected to support incubator programming for up to 180 companies and create 150 net new skilled indirect jobs. As part of this, AIH will provide direct funding to six companies through an accelerator program aimed at upskilling and attracting talent to the state. Through the provision of resources available from OCIF funding, the Hub will $1.5 million Research and development (“R&D”) and 40 patents supported through ElevateIP Alberta.
With the support and active engagement of initial industry partners, innovators can collaborate with industry to create, test, and scale new technologies and strategies. AIH allows established companies to gain early visibility, provide feedback, and partner with emerging solution providers to implement new technologies that address industry needs.
Aerospace Innovation Hub joins University of Calgary A network of four thematic innovation hubs managed by innovate calgary, It includes a Life Sciences Innovation Hub, an Energy Transition Center and a Social Innovation Hub.
“We are proud of our robust innovation ecosystem on and off campus. This network gives researchers, innovators, and startup founders access to the resources, space, and expertise they need, exactly when they need it. A leader in startup creation. Canada, the University of California, Calgary is poised to further expand our impact. We are excited that this funding will enable us to strengthen our resources specifically tailored to aerospace and advanced manufacturing ventures and improve our position as a magnet for forward-thinking companies and innovators. “I will.” ed mcquarleyPresident and Vice President University of Calgary.
Calgary Airport Authority In addition to providing physical space for AIH, it also provides an opportunity for innovators to apply their solutions to real-world airport scenarios.
“Innovation plays a critical role in the aviation industry, driving advances in safety, efficiency, guest experience, and more. We are excited to be part of the Aerospace Innovation Hub and support the technology-based aerospace industry. I’m excited about it.” calgary. This collaboration not only enhances access to new technologies in the airport ecosystem, but also reaffirms our commitment to improving the guest experience through innovation, partnership and learning. ” chris dinsdalePresident and CEO of Calgary Airport Authority.
waist jet serves as the anchor airline for AIH, providing an opportunity for innovators to apply their solutions to real-world aviation scenarios.
“We are very pleased to announce our partnership with WestJet.” in calgary A new aerospace innovation hub. By basing AIH in his YYC, we will work with our partners to build a “living lab” to develop new opportunities and bring talent to our state, home city, and airline. You will be invited.This hub drives innovation western canada “We will strengthen the aviation ecosystem and have a powerful impact on our guests and communities.” Christian NovoselExecutive Vice President and Chief Digital Officer of WestJet.
Chapter.ai Ventures We provide access to capital and investment support for innovators to create and scale their solutions.
“Chapter.ai Ventures is very excited to be part of the aerospace hub and plans to make significant investments in aerospace startups. in calgary The unique industry, deep technology and research ecosystem will help the aerospace hub establish itself as one of the prominent players in the global aerospace ecosystem. ” neeraj guptaCo-founder of Chapter.ai Ventures.
The new investment from OCIF and the participation of formal industry partners strengthens the initial funding commitment. $2.5 million From PrairiesCan to the Aerospace Innovation Hub.This was first published June 2023.
AIH is currently accepting new companies looking to expand within or within the region. calgary. Entrepreneurs, start-ups, scale-ups and large corporate partners from the aerospace and advanced manufacturing sectors are invited to his AIH to add their ideas and expertise to build a world-renowned aerospace hub.
About the opportunity calgary investment funds
Opportunity Calgary Investment Fund (“OCIF”) was established as a wholly owned subsidiary of The. city of calgary In 2018, we will support catalytic investments in the city to support economic diversification and transformation. The fund is managed by Calgary Economic Development and has a volunteer board of directors.is an important tool for progress in calgary economic strategy, calgary in the new economyeach investment is chosen to foster a greater increase in economic activity.
To date, more than $86.2 million has worked on 28 projects. $869 million invested, created, trained and sustained up to 3,300 direct and indirect jobs, and supported or started around 630 local businesses. Please visit our website for more information.
For more information, please contact us below.
Opportunity Calgary Investment Fund / Calgary Economic Development
grace fullerton
communications manager
Media line: 403 880 7040
Email: media@calgaryeconomicdevelopment.com
innovate calgary / University of Calgary
Megan Guyer
Head of Marketing and Communications
Phone: 403-270-2431
Email: mgeyer@innovatecalgary.com
Calgary Airport Authority
Phone: 403-735-5899
Email: media@yyc.com
waist jet
Email: media@westjet.com
Chapter.ai Ventures
neeraj gupta
Phone: 587-432-3454
Email: neeraj@lawcubator.com
SOURCE Opportunity Calgary Investment Fund
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