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SVG Ventures| THRIVE & Alberta Innovates Announce Winners of Climate Challenge
Climate Challenge Winners

Calgary, AB, June 3, 2024 – SVG Ventures| THRIVE, a global venture and innovation platform, and Alberta Innovates, the innovation engine of Alberta, Canada have announced the winners of their Climate Challenge – a ground-breaking initiative aimed at accelerating innovation at the intersection of agriculture and energy to combat climate change and drive a more sustainable future.

Nine finalists selected from a global applicant pool of 132 companies spanning 33 countries took to the stage at the Inventures Conference in Calgary last Thursday to pitch their solutions which focused on the challenge key themes: Advancing the Biofuel Value Chain, On-Farm Energy, and Water Stewardship.  THRIVE was joined on the judging panel by representatives from CAAIN, Alberta Innovates and Onward.

Alberta-based Rimrock Renewables emerged as the overall winner, taking home the top award for their exceptional on-farm bio digester facility which captures greenhouse gasses from livestock manure and organic food resources and converts them to a usable energy resource called renewable natural gas. Rimrock will receive acceptance to THRIVE’s award-winning global accelerator program which includes investment up to USD $100,000 in addition to a USD $10,000 cash prize courtesy of Onward and tickets to attend THRIVE’s Global Impact Summit in Silicon Valley courtesy of CAAIN.

The People’s Choice Award went to SolarSteam for their innovative zero-emissions heat solution. Their technology delivers sustainable heat to agtech industrial and institutional clients through a closed concentrated solar system. This approach not only supports sustainability but also significantly reduces carbon footprints in agricultural and industrial operations.

“We are committed to fostering innovation that addresses some of the world’s most pressing challenges, said John Hartnett, CEO of SVG Ventures|THRIVE. “The Climate Challenge has showcased the incredible potential of innovators at the intersection of agriculture and energy which is essential for building a sustainable future and we look forward to seeing their continued impact on the global stage.”

The awards were presented Friday on the Inventures Main Stage by Laura Kilcrease, CEO of Alberta Innovates, and John Cassidy, Managing Director of Canada at SVG Ventures | THRIVE.

Climate Challenge finalists include:

About SVG Ventures| THRIVE:

SVG is a leading AgriFood Innovation and Investment platform headquartered in Silicon Valley, and comprised of top agriculture, food & technology corporations, universities and investors. With a community of over 10,000 startups from over 100 countries, SVG invests, accelerates and creates unparalleled access for entrepreneurs to scale globally to solve the biggest challenges facing the food and agriculture industries. SVG’s Corporate innovation program works with Fortune 1000 corporations transforming their businesses, accelerating their growth and driving their innovation priorities.  SVG’s global partners include leading government, agriculture, and technology corporations such as Alberta Government, Old’s College, Calgary Economic Development, Corteva, Driscoll’s, FCC, BASF, Kubota, Land O’Lakes, Trimble, Taylor Farms, Bayer, ICL, Intel, Valmont, UFA, Yamaha Motor Ventures, KRONE and Wilbur-Ellis. Learn more at www.thriveagrifood.com.

About Alberta Innovates:

Alberta Innovates manages nearly 1,300 projects in a portfolio valued at $1.33 billion. We work with innovators in all sectors of the economy and all corners of the province to drive entrepreneurship, applied research and industry development. With our impact-based funding programs and services, we are transforming energy systems for a net-zero world, promoting the responsible use of land and water, leveraging provincial strengths in agriculture, and contributing to improved health and well-being by harnessing digital tech and data. We are also advancing emerging technologies and strengthening entrepreneurship for a strong and diversified economy. We operate in 11 locations with more than one million sq. ft. of industrial testing and lab facilities, and 600 acres of farmland. We employ nearly 600 highly skilled scientists, business and technical professionals. From funding to commercialization, we are Alberta’s innovation engine! See what entrepreneurs say about our coaching and support.

Learn how Alberta Innovates.

For media inquiries, please contact:

Helen Hartnett, COO
SVG Ventures| THRIVE

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