Federal financial investment will make it possible for little- and medium-sized companies to fast lane the commercialization of Canadian-made defence innovations
CALGARY, AB, Oct. 23, 2025/ CNW/ – In an unsafe and divided world, the Federal government of Canada is working collaboratively with market and other orders of federal government to increase our nationwide defence capability while producing financial chances for companies. Alberta’s growing defence sector is offering the development required to reinforce security and financial durability while supporting quality tasks for Albertans and Canadians.
Today, Corey Hogan, Member of Parliament for Calgary Confederation and Parliamentary Secretary to the Minister of Energy and Natural Resources, on behalf of the Honourable Eleanor Olszewski, Minister of Emergency Situation Management and Neighborhood Strength and Minister accountable for PrairiesCan, revealed $ 2 million in federal financing for ConvergX Worldwide Solutions Structure (ConvergX). This financial investment will permit ConvergX to provide screening and assistance services that assist Alberta little- and medium-sized companies advertise defence-related innovations and items.
ConvergX links market leaders, federal governments, and development environments to speed up the commercialization of innovations and make it possible for companies to catch worldwide market share. This task will assist the launch of the ConvergX Xpand Commercialization Zone (Xpand) to supply innovation screening, recognition, and export preparedness training to assist Alberta companies advertise defence-related developments. While created for defence, much of these innovations are dual-use, indicating they have applications in sectors like energy, farming, and expert system.
ConvergX likewise revealed today financial investments from Boeing and the Chance Calgary Mutual Fund for Xpand. By integrating market and federal government financing, more Alberta companies can access the important services provided by ConvergX to broaden their existence in the worldwide defence sector.
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” Through this financial investment in ConvergX, our brand-new federal government is reinforcing Canada’s security and positioning Alberta as a leader in aerospace and defence development. By utilizing Alberta’s know-how in innovative production and innovation, we’re producing excellent tasks, driving financial development, and guaranteeing a revitalized defence commercial base supplies our Military with the tools they require to keep Canadians safe. Together, we’re developing a more powerful, much safer, and more resistant Canada“
— The Honourable Eleanor Olszewski, Minister of Emergency Situation Management and Neighborhood Strength and Minister accountable for Prairies Economic Advancement Canada (PrairiesCan)
“ Calgary continues to go beyond expectations in structure markets through tactical partnership. The financing revealed today will support a strong Canadian economy by allowing ConvergX to assist little- and medium-sized companies show their innovations and capture worldwide market share in the air travel and defence markets.”
— Corey Hogan, Member of Parliament for Calgary Confederation and Parliamentary Secretary to the Minister of Energy and Natural Resources
” This financial investment marks an effective next chapter in our objective to link markets, federal governments, and innovators throughout Canada and all over the world. Through the ConvergX Xpand Commercialization Zone, we’re speeding up tested innovations from Alberta and Canada into worldwide defence and throughout several markets– turning development into ability, and ability into financial development. Canada’s strength has actually constantly been partnership, and this collaboration with PrairiesCan, Boeing, and OCIF reveals what’s possible when market and federal government interact. Xpand is more than a commercialization program– it’s producing a bridge in between tested innovations and real-world applications, assisting develop a more safe and secure, resistant, and worldwide competitive Canada“
— Kimberley Van Vliet, Creator and CEO, ConvergX, and Developer of Xpand
” Boeing is committed to advancing the aerospace sector and supporting the Canadian defence neighborhood. Through the Xpand effort, we are not just purchasing brand-new and interesting innovation however likewise in the future of Alberta’s aerospace market.”
— Al Meinzinger, President, Boeing Canada
“ Calgary business have long blazed a trail in establishing innovations that serve both business and defence requirements however dealt with difficulties in bringing them to market. With OCIF’s financial investment in the Xpand Commercialization Center, we’re assisting those innovators bridge the space in between late-stage advancement and real-world implementation– speeding up development, producing tasks, and positioning Calgary as an important factor to Canada’s defence and innovation future.”
— Brad Parry, CEO, Chance Calgary Mutual Fund and President and CEO, Calgary Economic Advancement
Quick realities
- Federal financing is anticipated to supply access to programs and training for more than 45 companies and support roughly 100 tasks.
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SOURCE Prairies Economic Advancement Canada