News Summary

Prairies Economic Development Canada (PrairiesCan) has announced a significant investment of $6.7 million to support four Edmonton-based startups in scaling their operations and expanding into new markets. The funds are distributed through PrairiesCan’s Business Scale-up and Productivity program. The four companies benefiting from this federal investment include Levven Electronics, Care Group, Demir Engineering, and Grengine. Demir Engineering, a metal alloy product design and manufacturing company, received the largest share of $2.5 million to enhance its advanced manufacturing capabilities and expand its market reach. Grengine and Levven Electronics, both in the advanced manufacturing sector, received $1.5 million and $1.25 million, respectively, to scale their technology solutions. Care Group, focused on digital mental health solutions, secured $1.5 million to expand its platform to serve more rural and Indigenous communities across Canada. This funding initiative is part of Minister Terry Duguid’s efforts to bolster Alberta’s technology sector by providing necessary capital and resources to enhance competitiveness and promote Alberta-made solutions globally.