Accelerate Fund is a venture capital firm established in 2012 and headquartered in Calgary, Alberta, Canada. The firm focuses on investing in early-stage technology companies based in Alberta, with a particular emphasis on sectors such as information and communications technology, clean and energy technology, life sciences, agriculture, and biotechnology. By leveraging a partnership of organizations, Accelerate Fund aims to enhance the growth potential of local technology entrepreneurs by providing them with increased access to capital and resources. The fund is managed by AVAC Ltd., which oversees the investment process, including application reviews and due diligence, while also offering ongoing support to its portfolio companies through an extensive advisory network known as the Accelerate Fund Industry Committee.
PulseMedica, based in Edmonton, is a medical device startup focused on creating an innovative platform for non-invasive, automated image-guided laser treatments aimed at addressing vitreoretinal diseases. Utilizing advanced imaging technology, real-time tracking, and femtosecond laser technology, PulseMedica is dedicated to enhancing the quality of life for individuals affected by conditions such as age-related macular degeneration, diabetic retinopathy, branch retinal vein occlusion, and glaucoma. The company aims to establish itself as a leader in the safe and effective screening and treatment of eye floaters, with the aspiration of setting a global standard for treating vitreoretinal diseases. By integrating machine learning with cutting-edge imaging, PulseMedica seeks to offer patients improved treatment options and help mitigate disease progression.
True Angle
Seed Round in 2021
True Angle Medical Technologies, based in Edmonton, Alberta, is focused on improving the quality of life for individuals with swallowing disorders through innovative technology. The company has developed the Mobili-T, a mobile device designed to assist users in performing swallowing exercises at home. This device is complemented by an engaging app that tracks muscle contractions and provides feedback, enabling users to monitor their progress towards specific goals. By addressing essential life functions such as eating and breathing, True Angle aims to support individuals in managing their well-being as they age, ultimately helping them overcome perceived barriers and regain joy in their daily lives.
mcThings
Venture Round in 2018
mcThings Inc. is a Canadian company based in Calgary, established in 2011, that specializes in providing a measurement and control platform for the Internet of Things (IoT). The company offers affordable and scalable products, including low-cost, battery-powered devices designed for edge computing. These devices can interface with a wide range of sensors and control systems, enabling the collection and delivery of data to the cloud. In addition to hardware, mcThings provides software and services that facilitate IoT management, encompassing security and large-scale deployment for managing millions of devices. This versatility allows businesses across various industries to deploy IoT solutions economically and effectively, addressing a diverse array of use cases.
Surface Medical
Angel Round in 2014
Surface Medical Inc. is an Alberta-based medical device company focused on identifying, developing and promoting innovative products for the protection and maintenance of environmental surfaces. Surfaces in hospitals are an underlying culprit of the spread of healthcare associated infections (HAI). In Canada alone there are an estimated 220,000 acquired infections and and 8,000 deaths are attributed to these infections at an estimated cost of over $15,000 per patient. In the United States HAI result in 270 deaths per day are are the 4th leading healthcare cost. At Surface Medical, we are dedicated to developing infection prevention and control (IP&C) technologies for high-risk surfaces in healthcare environments such as professional health offices and hospitals.
Mobile Data technologies
Angel Round in 2013
Mobile Data Technologies is a high growth technology company focused on bringing the most advanced and robust data acquisition and control products to the Oil and Gas Industry. Specializing in frac pumps, blenders, pressure trucks, N2 pumpers and hot oilers, MDT also has new products launching in 2013 for screw piling systems as well as coiled tubing units including a pipe fatigue tracking module. Mobile Data Technologies is proud to be named #22 on Alberta Venture Magazine's Fast Growth 50 list for 2013.
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