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The Venture Codex

Alberta Innovates

1500, 10104 – 103 Avenue, Edmonton, Alberta, T5J 0H8, Canada

Overview

The Alberta government has created new organizations that are building on Alberta's strengths in the health, energy and environment, technology and bio sectors.

Total investments
4
Lead investments
1
Investments · 12mo
1
Active investors
4

Sector focus

  • Product Research
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Investment portfolio

  • Prévoir

    Led · Grant · Jan 2026

    Founded in 2023, Calgary-born Prévoir has built a fashion-tech platform that combines artificial intelligence and computer vision to link detailed product attributes with sales and inventory data. The software enables merchandisers to curate collections, forecast demand, and evaluate sell-through, while its flagship Range Builder feature surfaces AI-driven recommendations based on historical performance patterns. The product is delivered through a $250 USD monthly subscription and became available on the Shopify App Store in December 2025. Prévoir is currently running pilots with several fashion brands, including New York label Elie Tahari, to validate workflows and insights. The startup closed a CAD $750 K pre-seed round in January 2024 and also secured a CAD $50 K Alberta Innovates grant earmarked for product development. Proceeds are being used to scale infrastructure, expand product capabilities, and bolster customer support ahead of broader market rollout. Management and lead investor AltaML are targeting a formal seed round in late 2026.

  • RetinaLogik Inc.

    Participated · Equity · Mar 2025

    RetinaLogik is a Calgary-based startup that has developed a VR-AI-powered platform and portable headset for eye care. The system enables essential tests, including visual field exams, while streamlining the testing process to improve patient comfort and clinic efficiency. The device is ISO-13485 and MDSAP certified and is FDA registered; it has received Health Canada Class II medical device approval. RetinaLogik says the system can reduce upfront equipment costs by up to 90% compared with traditional equipment and includes multilingual support to bridge clinic communication gaps. The company completed a $1.1M funding round and received support from investors and community partners. RetinaLogik plans to expand adoption across North America and beyond to close critical gaps in eye care, enable earlier detection and treatment, and prevent irreversible vision loss. RetinaLogik’s core product is a portable eye-test platform that uses a virtual reality headset and AI-driven analytics to collect and analyze visual field data. While wearing the headset, patients are guided through a tutorial in their own language and perform vision tests whose results can be reviewed remotely by specialists. The device is already deployed in clinics across Canada and has been used in partnerships to deliver testing in senior homes. Co‑founders Abdullah Sarhan and Julia St.Amand began work on the project in 2018 and built the first prototype in 2019 after years of iteration and clinic testing. With new funding, the company plans to scale its team, add new vision tests, support device sales, and pursue Class 2 certification from Health Canada. To date RetinaLogik has raised CA$1.7M in total funding, including the recent CA$783,000 pre‑seed round.

  • Ontopical

    Participated · Seed · Sep 2023

    Ontopical is an AI-driven data and intelligence platform that helps businesses detect early signals from public sector data to win government work. Its platform mines millions of unstructured and multi-format public sector sources, including agendas, minutes, budgets and videos across cities, counties and school districts, to consolidate intelligence on upcoming contract opportunities and policy updates. Customers include large North American telecoms, major architecture, engineering and construction firms, energy and utilities providers, health services, software, IoT and technology companies, with more than half based in the U.S. Led by CEO Clayton Feick and based in Calgary, Ontopical raised a $3.3M seed extension and has now raised over $6M to date. The company will use the funds to further develop its AI-driven intelligence platform and expand across North America. Ontopical intends to triple its team over the next two years, hiring data engineers, data scientists, AI/ML specialists and sales and marketing staff, with the majority of roles based in Calgary.

  • TerraVerdae BioWorks

    Participated · Equity · Apr 2020

    TerraVerdae Bioworks develops fully biodegradable, high‑performance bioplastics for markets including agriculture, forestry, food packaging, adhesives and personal care. Its proprietary PHA polymer technology is carbon‑neutral and uses renewable carbon feedstocks such as municipal and forestry waste and agricultural residues. Product focuses include films and coatings, thermoplastic moldings, adhesives and specialty PHAs; one highlighted product is a bioplastic pouch for tree seedlings that is consumed by soil microbes within months. The company has expanded in‑house product development expertise and equipment to fine‑tune custom formulations for strength, elasticity and impact resistance. TerraVerdae plans to test‑launch the biodegradable seedling pouches later this year for commercial use by foresters, followed by additional bioplastic products for other sectors. Established in 2009, TerraVerdae has product development facilities in Edmonton, Alberta and Charlottetown, Prince Edward Island.

Team

  • Laura Kilcrease

    Chief Executive Officer

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  • Dana Paniccia

    Director, Capital Access & Major Transactions

    LinkedIn
  • Claude Ghazar

    Director

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  • Cornelia Kreplin

    Executive Director

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