Industry Insights

In 2025, Calgary firmly established itself as a global player in the innovation economy. This momentum is powered by a collaborative and people-first ecosystem guided by Calgary’s Innovation Strategy. The report highlights these efforts and represents the combined success of a diverse group of stakeholders - support organizations, entrepreneurs, investors, and partners.

Calgary’s startup ecosystem has reached a significant milestone, ranking among the Top 50 Emerging Startup Ecosystems globally and one of the fastest growing in North America. With tech employment up 78% since 2018, momentum is strong — but sustaining this growth will require continued support for new founders and ensuring startups have the resources to scale and stay in Calgary. This is why we are evolving founder venture programs at Platform Calgary

At Caravel Law, supporting startups and innovators isn’t a side offering — it’s foundational to how the firm was built. Startups are often moving quickly, making high-stakes decisions with limited resources, and they need legal support that keeps pace with that reality. Caravel’s belief is simple: good legal advice shouldn’t slow progress or feel disconnected from the business.

Over the past year, we’ve explored the realities of fund building in Canada: how to design a thesis that actually reflects your edge, how to construct a portfolio that makes sense in this market, how to engage diverse founders in ways that are meaningful and not performative, how to measure impact without falling into the traps of vanity metrics, and what emerging managers needs to know about securities law.