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Edmonton Companies News & Discussion

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Looking ahead in 2025: Edmonton Riverboat, Edmonton Edge Fund

In 2024, Taproot reported on several stories that evolved after we published them. In this, our final retrospective of 2024, we caught up with two specific stories that will continue to offer new details in 2025.
edmonton.taproot.news edmonton.taproot.news

Edmonton Edge Fund continues to reverberate in 2025​

The original story: In May, the City of Edmonton granted $4.7 million to 17 organizations through Phase 1 of the Edmonton Edge Fund. The fund is intended to drive economic and social benefits. There were two categories of funding: Scale & Grow, which offered from $250,000 to $1 million to companies that could prove a matching 50% investment, and the Start Stream for earlier-stage companies, which offered up to $100,000. Scale & Grow recipients included DiveThru, Future Fields, and Kind Ice Cream Select Start Stream recipients included OligomicsTx (which won a Startup TNT summit earlier in the year), Swift Charge, UpRow, and ZerOne.

Then what? In October, ZerOne held a grand opening for its Hockeyology and Atheleticare facility after telling Taproot that it uses tech and multidisciplinary medicine to support athletes. Kind Ice Cream also spoke to Taproot to detail its plans for modular ice cream shops, acquiring a larger production facility, and offering business-to-business sales. Elsewhere, UpRow won a pitch competition at Inventures by Alberta Innovates in May. In November, Future Fields opened its Instar 1.0 biomanufacturing facility.

What’s next? The city’s reference to the Edge Fund in May as Phase 1 suggested that a Phase 2 was at least possible. Nik George from the City of Edmonton told Taproot in an email that the city is “actively exploring options for the future of the Edge Fund,” but the fund does not “have additional funding to support new projects” yet. Companies that received Edge funding have shared further updates with Taproot. Kind Ice Cream said in an email that its first modular location, dubbed “Bestie,” will open this summer at a location “that is currently underserved when it comes to ice cream and dessert options.” Swift Charge said in an email that its fast electric vehicle charger is done with testing and should be operational in south Edmonton and Lloydminster by the end of January. DiveThru, meanwhile, said in an email that it will open its newest location in “early 2025.” -Colin Gallant
 
Gronk! said:
edmonton.taproot.news

Looking ahead in 2025: Edmonton Riverboat, Edmonton Edge Fund

In 2024, Taproot reported on several stories that evolved after we published them. In this, our final retrospective of 2024, we caught up with two specific stories that will continue to offer new details in 2025.
edmonton.taproot.news edmonton.taproot.news

Edmonton Edge Fund continues to reverberate in 2025​

The original story: In May, the City of Edmonton granted $4.7 million to 17 organizations through Phase 1 of the Edmonton Edge Fund. The fund is intended to drive economic and social benefits. There were two categories of funding: Scale & Grow, which offered from $250,000 to $1 million to companies that could prove a matching 50% investment, and the Start Stream for earlier-stage companies, which offered up to $100,000. Scale & Grow recipients included DiveThru, Future Fields, and Kind Ice Cream Select Start Stream recipients included OligomicsTx (which won a Startup TNT summit earlier in the year), Swift Charge, UpRow, and ZerOne.

Then what? In October, ZerOne held a grand opening for its Hockeyology and Atheleticare facility after telling Taproot that it uses tech and multidisciplinary medicine to support athletes. Kind Ice Cream also spoke to Taproot to detail its plans for modular ice cream shops, acquiring a larger production facility, and offering business-to-business sales. Elsewhere, UpRow won a pitch competition at Inventures by Alberta Innovates in May. In November, Future Fields opened its Instar 1.0 biomanufacturing facility.

What’s next? The city’s reference to the Edge Fund in May as Phase 1 suggested that a Phase 2 was at least possible. Nik George from the City of Edmonton told Taproot in an email that the city is “actively exploring options for the future of the Edge Fund,” but the fund does not “have additional funding to support new projects” yet. Companies that received Edge funding have shared further updates with Taproot. Kind Ice Cream said in an email that its first modular location, dubbed “Bestie,” will open this summer at a location “that is currently underserved when it comes to ice cream and dessert options.” Swift Charge said in an email that its fast electric vehicle charger is done with testing and should be operational in south Edmonton and Lloydminster by the end of January. DiveThru, meanwhile, said in an email that it will open its newest location in “early 2025.” -Colin Gallant
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I got to check out Future Fields and their fruit fly operations (the proteins can be used in food production and therapeutics/vaccines and more). They've recently added a new warehouse/production facility that involves quite the manufacturing process to maintain high quality protein and avoid contamination.

I love their central location along 105Ave and 112 st. I think they have about 30 employees there and almost 1/3 of them bike to work and more who walk. Young, talented group. Congrats to them on their growth and hopefully future success and impact.

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