News Summary

Co.Labs’ X in Residence (XiR) program is playing a pivotal role in accelerating startups in the Canadian Prairies by embedding experienced operators into promising tech companies. The program has notably transformed the soil remediation startup LiORA by facilitating its growth strategy and securing a record-breaking $5-million seed round. Nick Gray, a Toronto tech veteran, transitioned from advisor to Chief Operating Officer at LiORA, highlighting the program’s impact in providing immersive and high-impact partnerships. Co.Labs, supported by a recent $2.6-million investment from PrairiesCan, aims to strengthen the region’s innovation economy by helping startups scale and enter global markets. Since its inception in 2017, Co.Labs has supported 218 startups, raising $55 million in private capital and generating over $103 million in revenue.