Victoria firms ride innovation wave with new funding

Who’s in, who’s out, and what’s next in Victoria’s tech scene

TOGETHER WITH

Welcome to this week’s Sunday Briefing. In this issue:

  • A new CEO for the Greater Victoria Chamber of Commerce

  • Request for public input on our economic future

  • CVCA bids its CEO farewell

Now on to today’s briefing.

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The deployment of Pacific Pilotage Authority’s pilot boats, informed by data from MarineLabs’ Forecast AI. Photo: Innovate BC

Victoria firms ride innovation wave with new funding

Two Victoria-based companies are part of a provincial push to test and scale homegrown technology through the B.C. government’s Integrated Marketplace (IM) program.

MarineLabs and 3GA Marine are among eight innovators sharing $3.38 million in funding delivered by Innovate BC. The IM program connects B.C. tech companies with real-world testbeds to accelerate commercialization and export readiness.

At the Vancouver Fraser Port Authority testbed, MarineLabs is partnering with the Pacific Pilotage Authority to evaluate Forecast AI, a MarineLabs system that generates hyper-local marine weather forecasts. The project will assess how the AI-driven forecasts compare to conventional methods and how they might improve real-time decisions around wind, wave, and visibility conditions.

Meanwhile, $1 million has been allocated to a collaboration between Vancouver-based Tymac Boat Launch Services and Victoria-based 3GA Marine for the development of an electric water taxi. The vessel is intended to offer a zero-emission alternative to traditional fossil fuel-powered marine transport, while maintaining the performance and reliability needed for operational use.

The funding is part of a broader investment in the Integrated Marketplace, which includes an initial $11.5 million commitment from the B.C. government, an additional $30 million over the next three years, and $9.9 million in federal support through PacifiCan.

Learn more.

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📰 More Victoria innovation news

👋 You know my name: The Greater Victoria Chamber of Commerce has named its new CEO: John Wilson. Wilson, the chamber’s former chair, takes over from Bruce Williams.

👀 Leaving, on a jet plane: In another leadership change, Kim Furlong, CEO of the Canadian Venture Capital and Private Equity Association, announced that she would step down come summer.

📣 Tell me what you want: The South Island Prosperity Partnership is inviting members of the Greater Victoria business community and the public to the Rising Economy Open House on Tuesday to share input on the region’s economic future.

Want to reach Victoria tech leaders? Advertise in the Victoria Tech Journal  to get in front of founders, investors, and innovators. Contact [email protected] to learn more.

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📅 Upcoming events 

TEDxVictoria brings together inspiring speakers, community organizations, businesses, and passionate individuals to share exceptional ideas that can transform into waves of global impact. Hosted at the historic McPherson Playhouse in downtown Victoria, TEDxVictoria is a full-day event featuring talks, performances, and community exhibitions.

Victoria Tech Nachos is a covert group at the intersection of nachos and technology. It bills itself as a no-speaker, social-only, no-sponsor, nacho-friendly event.

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