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Calgary SMEs Get $3.5M Boost for Innovation

May 12, 2025 by Newsdesk

The Opportunity Calgary Investment Fund, with support from Alberta’s government, has launched OCIF Express—a new funding stream deploying up to $3.5 million to 23 Calgary-based SMEs. Focused on short-duration projects under 24 months, the initiative targets high-growth sectors like AI, clean energy, and aerospace.

OCIF Express aims to create over 150 jobs and provide skills training for nearly 90 workers. Recipients include ZayZoon, CoolIT Systems, Carbon Upcycling, and MRO Electronics. Alberta contributed $1.2 million to the fund. Officials say OCIF Express will accelerate innovation and local hiring while reinforcing Calgary’s economic resilience.

Want to know more? Check out the source code on Calgary.tech.

Filed Under: News Tagged With: Calgary Economic Development, OCIF

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