Here’s the latest on a wide range of innovation in the Edmonton region.


Medical imaging innovator Medo acquired by California company

Medical imaging and AI company Medo is being acquired by Exo, a California-based health information and medical device company interested in making ultrasound imaging faster and simpler so that a wider range of caregivers can use it.

“Exo’s powerful hardware and workflow technologies and Medo’s AI will dramatically reduce the challenges that have long held back the widespread adoption of point-of-care ultrasound,” Medo Co-Founder and CEO Dornoosh Zonoobi said in a release. “The ease of imaging and immediacy of diagnostic information we provide will radically transform medical care, creating a world where caregivers can image the body as easily as snapping a photo on a smartphone.”

The acquisition is good news for the local health innovation ecosystem, said Reg Joseph, CEO of Health Cities, which published a white paper on Medo in 2021.

“Some people would look at this and say it’s a bit of a loss because we’re losing another company out of Alberta to a U.S. company. But I would tell you, in the world of transactions and finance, this is putting Edmonton on the map,” he said. “This is going to create a lot more transactions in these kinds of spaces.”

Joseph pointed to the multimillion-dollar agreement between Entos Pharmaceuticals and Eli Lilly earlier this year as another example of the region’s growing importance in the sector and the strength of its small to medium-sized enterprises. “It’s really demonstrating that Alberta SMEs or Edmonton SMEs can actually play in the global market space.”


Funding & Support for Entrepreneurship


Tech


Climate Emergency & CleanTech


Digital Inclusion & Education

  • NorQuest College and CommAlert Group have partnered to offer IndTech, a project to support Indigenous students interested in working in technology.
  • MacEwan University‘s growing enrolment is good news for downtown, says President and Vice-Chancellor Annette Trimbee in an op-ed for Postmedia. “Our grads become the business and community leaders who are building a more diverse and resilient future for Edmonton and Alberta,” she wrote. MacEwan plans to increase the size of its student body by 60% over the next 10 years.

Food Security & AgTech


Public Health


Social Impact

  • Unbelts has received the “Best For The World” designation in the community impact category, which recognizes Certified B Corporations that rank in the top 5% of all B Corps. “It’s a big achievement for a small team, and we’re proud,” wrote Founder Claire Theaker-Brown.
  • Ling Huang of Technology North received a special citation for societal impact from the Prairies region of the EY Entrepreneur of the Year competition.
  • The Edmonton Elks have launched Project $2 Million, which will see the club donate $2 million worth of services and activations to 20 local non-profits over the next year. “We have a responsibility as a community-owned team to actively enhance the people and organizations in our city, and through Project $2 Million we will be able to share our expertise and platform with these deserving community partners,” said President Victor Cui.

Arts & Culture


Bits & Pieces


Other Mentions


This Blast is brought to you by Innovate Edmonton in partnership with Taproot Publishing.