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Innovate Calgary celebrates launch of energy tech accelerator

Kinetica focuses on development and commercial success of energy industry startups
February 6, 2015

Kinetica celebrated its official launch on Jan. 26 as a globally-focused energy tech accelerator.  With the support of the Government of Alberta, academia and associates, Kinetica works with industry startups to identify their leading challenges and make connections to the world’s most promising, emerging technologies.

Joined by their associate members — Bennett Jones, Calgary Economic Development, Collins Barrow, and Southern Alberta Institute of Technology — Kinetica announced its plan to focus on innovation in the energy sector.

“We are very excited to have launched this project,” says Peter Garrett, Innovate Calgary president. “The development of Kinetica directly reflects our mandate to be a leader in innovation. With this we now have a focused opportunity to provide targeted innovation to the energy sector.”

Kinetica is based in Calgary and is supported by many industry partners including the University of Calgary. Kinetica’s current client list includes nFluids Inc., an oilfield drilling technology which was developed in collaboration with researchers from the Chemical and Petroleum Engineering Department at the Unversity of Calgary.  The nFluids product has the potential to significantly reduce the loss of fluid during drilling, providing direct benefits to efficiency, the environment, and safer drilling operations.

“It is companies like nFluids that demonstrate exciting innovations happening for the energy sector,” explains Kinetica’s Kevin Frankowski.  “With Kinetica we are able to link companies like nFluids with industry partners who are looking for solutions.”

Kinetica will assist local, national and international technology developers by providing access to the necessary capital, expertise, and partnerships to commercialize their industry-validated technologies. Kinetica’s support will allow this to be done cost-effectively with the ultimate goal of faster adaptation by energy sector partners.

“Innovation is the key to unlocking our future potential and overcoming current critical challenges,” says Frankowski.  “Innovation is being discussed daily in the energy sector, especially with regards to lowering production costs. What Kinetica offers is a bridge between the challenges and emerging solutions.”

Four key areas of focus have been identified by Kinetica, based on needs of the energy sector: hydrocarbon recovery, energy transport, renewables, and carbon capture, storage, and reuse. 

Kinetica is a new program within Innovate Calgary, a full-service organization offering technology transfer and business incubator services to researchers, entrepreneurs and businesses for the advanced technology sector in southern Alberta.

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