Updates: What happened next in business and tech
By
Colin Gallant
and
Stephanie Swensrude
Looking back on 2025 on the business, tech, and innovation beats, we saw the acquisition of IronSight, the approval of a Nordic spa in the river valley, the launch of MIT REAP Edmonton, and the end of several accelerator programs, among other things. Here's what happened next and what to expect on some of the other business and tech stories Taproot brought you:
Startup TNT hires executive director to allow co-founders to iterate and build community (May 22, 2025)
The original story Startup TNT hired CK Dhaliwal as its first executive director in May. The country's most active pre-seed investor hired him to steward a transition into a new era where localized chapters are autonomous, and the founders can focus on the investment pool that makes up the backbone of TNT's value proposition.
Then what? Startup TNT celebrated raising more than $20 million for 120+ companies by the time it had its 50th investment summit, an agri-food event held in Toronto on Nov. 27 . On Nov. 5, Startup TNT held an Alberta summit instead of having separate ones in Edmonton and Calgary; Edmonton's Pulmvita won the day, taking home more than $200,000 in investment.
What's next? Startup TNT co-founder Zack Storms is now the built tech lead at Edmonton Unlimited, where he will oversee the Built World Tech venture pilot program. Applications for the program are open until Jan. 20. Meanwhile, the Thursday night tradition that gave TNT its name continues.
Upper Bound focuses on AI literacy to better prepare future workers (May 16, 2025)
The original story: AI literacy was one of the themes at the Upper Bound conference held by the Alberta Machine Intelligence Institute in May. Amii's Jill Kowalchuk said preparing students for a future job market shaped by AI requires more than technical skills. "AI literacy is not just becoming accustomed to using a particular AI tool," she said. "(My work) speaks to ethics. It speaks to the societal impacts of artificial intelligence, and being able to not only use a tool, but collaborate with that tool in an effective and meaningful way to support skill development."
Then what? Amii launched its AI Literacy for Everyone platform in October, about a month after announcing its AI Pathways: Energizing Canada's Low-Carbon Workforce program. The two programs are among many updates from Amii in 2025.
What's next? The research institute will soon offer 750 scholarships for students in environmental sciences and meteorology, thanks to a grant from Environment and Climate Change Canada. The next Upper Bound conference takes place from May 19 to 22.
TransPod aimed for speed but points to province's rail plan for pause in building test track (April 8, 2025)
The original story: Toronto-based TransPod aims to construct a full-scale hyperloop test guideway in Edmonton by 2026, after pausing development due to the provincial government's work on the passenger rail master plan, which was due in the summer of 2025. CEO Sebastien Gendron said the project, which aims for 45-minute travel between Edmonton and Calgary, secured a 2020 memorandum of understanding with the province. The City of Edmonton and Edmonton International Airport have committed to working with TransPod on the test guideway, planned from the airport to the city's south side. Eventually, TransPod aims to build a rail line between Edmonton and Calgary that travels at more than 1,000 km/h.
Then what? TransPod signed an agreement with Canadian companies Algoma Steel and Supreme Steel to supply its proposed rail project. TransPod said it expects the project to induce demand for up to 2 million tonnes of Canadian steel, create 140,000 jobs, and add $19.2 billion in GDP.
What's next? The Government of Alberta missed its summer 2025 deadline for the passenger rail master plan, but will share the plan in 2026, the press secretary for the Ministry of Transportation and Economic Corridors told Taproot.