OUR IMPACT IN 2025
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QUARTERLY REPORTS
2025 Quarterly Report
Q1 '25 REPORT
In Q1 2025, OCIF announced two investments totalling $3.2 million in Lufthansa Technik Canada and QAI Ventures, aiming to cement Calgary’s position as an emerging hub for aerospace innovation and accelerate the development of quantum talent and local startups
Q2 '25 REPORT
The Opportunity Calgary Investment Fund (OCIF) announced two investment this quarter into XPRIZE Canada and the OCIF Express funding stream to help support Calgary’s goal to become the innovation capital of Canada and enable local companies to grow and create new opportunities for Calgarians.
Additionally, Calgary City Council approved a $60 million reinvestment into OCIF over the next four years.
Q3 '25 REPORT
In Q3 2025, OCIF announced two investments totalling $1.8 million in ETC Foundation and The Knowledge Society to reinforce Calgary’s position as the energy capital of Canada and to foster a new generation of entrepreneurs and enhance Calgary’s quantum and AI innovation pipeline.
Additionally, OCIF is delivering on a Government of Alberta supported project to strengthen Calgary’s position as a centre for research, training and aerospace innovation.
Q4 '25 REPORT
In Q4 2025, OCIF announced two investments totalling $3.75 million into the Xpand Commercialization Hub by ConvergX and AgSphere to accelerate dual-use technologies in Calgary and advance Canada’s agricultural competitiveness.
2024 Quarterly Reports
Q1 '24 REPORT
In Q1 2024, OCIF announced two investments totalling $4.1 million into The Knowledge Society and the Aerospace Innovation Hub, that will reduce financial barriers for future-focused youth learning opportunities and will advance groundbreaking solutions in the aerospace sector in Calgary respectively.
Q2 '24 REPORT
The Opportunity Calgary Investment Fund (OCIF) announced one investment this quarter to Platform Calgary to develop its National Bank Investor Hub to connect investors and founders together for early-stage, Calgary-based startups. OCIF invested up to $400,000 over 28 months to this project.
Building on the successes achieved to date, OCIF continues to focus on emerging key sectors, talent development, and the growth of a community underpinned by innovation.
Q3 '24 REPORT
The Opportunity Calgary Investment Fund (OCIF) announced one investment this quarter to Southern Alberta Institute of Technology’s (SAIT) Alternative Construction Technologies (ACT) Hub to accelerate the development of new construction and manufacturing materials and processes.
Q4 '24 REPORT
This quarter, the Opportunity Calgary Investment Fund (OCIF) announced two investments including TECHNATION and the Southern Alberta Institute of Technology’s (SAIT) Aerospace Composite Materials Lab (ACML) that will strengthen Calgary's tech talent pipeline for underrepresented groups and will advance our aerospace sector's capabilities.
2023 Quarterly Reports
Q1 '23 REPORT
With the remaining $23.5M in uncommitted funding, OCIF has a greater focus to curate projects that drive activations in EDIA and SDGs
OCIF and CED, in partnership with Platform Calgary and The City of Calgary, commissioned an Innovation District scoping study to explore how to further unlock innovation in the city for people and ideas to converge and spark creative collisions. Key findings will be shared in Q2 with community partners.
Q2 '23 REPORT
The Opportunity Calgary Investment Fund (OCIF) celebrated its five-year anniversary during Calgary Economic Development’s (CED) Report to Community event.
Building on the successes achieved to date, OCIF continues to focus on emerging key sectors, talent development, and the growth of a community underpinned by innovation.
Q3 '23 REPORT
OCIF evolves to find opportunities with the highest impact on Calgary’s economic future. In August 2023, OCIF launched the OCIF Eligibility Portal to expedite connecting OCIF with companies and organizations best suited to spur development and diversification in Calgary. Since the portal’s launch, OCIF received a number of pre-qualified opportunities that are currently being evaluated.
Q4 '23 REPORT
OCIF announced an investment in Bow Valley College for $5.5M to develop the Calgary Entertainment Arts Production Hub (“CEAPH”) which will be a world-class facility and creative arts ecosystem that will grow careers and companies in the creative industries, creating opportunities for equity deserving groups and catalyzing economic growth.
2022 Quarterly Reports
Q1 '22 REPORT
Opportunity Calgary Investment Fund 1st Quarter 2022
Q2 '22 REPORT
Opportunity Calgary Investment Fund 2nd Quarter 2022
Q3 '22 REPORT
Opportunity Calgary Investment Fund 3rd Quarter 2022
Q4 '22 REPORT
OCIF announced $8.9M in funding commitments across Mphasis and Combine Venture Builders in support of accelerating attraction of intermediate and senior-level tech talent to Calgary as well as to support the creation and rapid scaling of innovative early-stage Calgary companies respectively.
OCIF’s Q4’22 investments stimulating employment, diversify the local economy and create the right conditions for growth per the City of Calgary Council Approved Goal
2021 Quarterly Reports
Q1 2021 REPORT
Opportunity Calgary Investment Fund 1st Quarter 2021
Q2 '21 REPORT
Opportunity Calgary Investment Fund 2nd Quarter 2021
Q3 '21 REPORT
Opportunity Calgary Investment Fund 3rd Quarter 2021
Q4 '21 REPORT
Opportunity Calgary Investment Fund 4th Quarter 2021
2020 Quarterly Reports
Q1 '20 REPORT
Opportunity Calgary Investment Fund 1st Quarter 2020
Q2 '20 REPORT
Opportunity Calgary Investment Fund 2nd Quarter 2020
Q3 '20 REPORT
Opportunity Calgary Investment Fund 3rd Quarter 2020
Q4 '20 REPORT
Opportunity Calgary Investment Fund 4th Quarter 2020
2019 Quarterly Reports
Q2 '19 REPORT
Opportunity Calgary Investment Fund 2nd Quarter 2019
Q3 '19 REPORT
Opportunity Calgary Investment Fund 3rd Quarter 2019
Previous Annual Reports
