Lockheed Martin picks Victoria’s RaceRocks to upgrade its training solutions

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Welcome to this week’s Midweek Memo. In this issue, read about affordable housing in Victoria from Habitat for Humanity, check out an op-ed from Ocean Network Canada’s CEO, and learn about a local blockchain-based game and its new cryptocurrency.

Now onto today’s briefing. It’s 974 words: a three-minute read.

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Lockheed Martin picks Victoria’s RaceRocks to upgrade its training solutions

RaceRocks — the Indigenous, women-owned training and software company based in Victoria — has teamed up with Lockheed Martin to modernize the global defence tech company’s training solutions.

Through a $1.6 million partnership, the duo are set to develop an adaptive learning engine, build out Lockheed’s total learning architecture, and contribute to the growth of RaceRocks’ Adenine platform. Adenine is a learning environment for multiple people, which focuses on delivering individualized, immersive experiences.

The initiative is also intended to support research and development efforts in the Canadian aerospace and defence industry, and advance tech solutions for training. That includes immersive simulations, AI-driven adaptive learning tools, and training and learning systems.

The two organizations also counted workforce development amongst the benefits of the partnership, with the creation of new jobs, internships, and apprenticeships in areas like training design, technology development, and business support.

RaceRocks’ other partners include some big names, including the federal and provincial governments, the Canadian Armed Forces, Boeing, and Thales.

Earlier this year, the company announced a $3 million investment from Raven Indigenous Capital Partners.

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📰 More Victoria innovation news

🏡 I’m coming home: In this episode of Chamber Chats, Habitat for Humanity CEO Scott Dutchak discusses the organization’s work building affordable housing in Victoria and across the country.

⛵️ Sail away: Ocean Networks Canada President and CEO Kate Moran penned an op-ed about the opportunity that the blue economy presents — and the risk if Canadian investment doesn’t catch up to other global leaders.

🤑 The currency we’ve spent: MetaVirtus, a blockchain-based online game with roots in Victoria, has completed its first Initial DEX Offering and token listing — in other words, the first offering of its cryptocurrency. MetaVirus is set to officially launch its public beta in two months.

🕴️Tech jobs of the week

Find your next career:

• IT Coordinator at Investment Agriculture Foundation of BC

• Chief Project Officer & Executive Director at Island Health - Vancouver Island Health Authority

• Software Engineer II at Affirm

Hiring in Victoria? Reply to this email and let us know!

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​Financing, M&A, vendor, and supplier negotiations are difficult and time-consuming. A lack of understanding of the process, or effort to pre-plan, can result in below-optimal results and lower deal values. Preparing is crucial for founders and executives to understand the current financial market.

​Attend this event to learn from legal, operations, and finance experts how to maximize transaction value through strategic planning and action.

October 17 | UVic Health Information Science Open House

​Join UVic’s School of Health Information Science at its Fall 2024 Open House. With the current global changes and demands in healthcare, this is a dynamic and rapidly expanding field of study. Students interested in the life sciences, medicine, and information technology would be especially captivated by these programs.

October 22 | Future Innovators: Empowering Women in STEM

Join an evening with the Island Women in Science and Technology (iWIST) panel of women in STEM. This event brings together future innovators from middle school, high school, and post secondary along with professional women in STEM for a candid conversation about their STEM careers. The panelists represent a variety of STEM disciplines who are at different points in their careers.

October 23-34 | 18th Annual State of the Island Economic Summit

Join an action-packed two-day journey of learning, inspiration, and connection. The annual summit is a must-attend event for business owners, community leaders, and aspiring entrepreneurs in the region. From thought-provoking action lab workshops and breakout sessions to dynamic networking opportunities, engage and collaborate with like-minded individuals that share your vision for Vancouver Island’s economic future.

November 15 | UVic’s Biomedical Engineering and Health Technology Showcase

UVic’s annual event brings together researchers, students, industry, and government agencies to talk about what’s new and exciting in biomedical engineering and healthtech. This year’s speakers include Dr David Juncker, Jessica Vandenberghe, Scott Phillips, Dr Nick Dechev, Dr Mike Berger, and Annelise Lapointe. The event will also include a research and industry fair, BioInnovate Pitch Challenge, and poster showcase.

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