CALGARY, AB, May 31, 2023 /PRNewswire/ — Plug and Play, a number one innovation platform, has introduced a brand new relationship with Suncor, the primary company to affix the Plug and Play Sustainability program in Alberta, Canada. The relationship between each entities is designed to advance sustainable power know-how and adoption throughout the nation.

Suncor will work intently with Plug and Play to establish industry-leading startups which can be driving innovation in sustainable power. Through this platform, Suncor will interact with startups and scaleups to resolve {industry} challenges, drive effectivity enhancements, and advance digital transformation.

Plug and Play’s Sustainability innovation platform is a robust device for connecting the world’s largest companies with essentially the most progressive startups. By bringing collectively game-changing concepts from totally different industries and international locations, Plug and Play is empowering innovators to deal with a few of the best environmental challenges that our society faces as we speak. The platform was first launched within the coronary heart of Silicon Valley in 2019, and it has since expanded to eight sustainability hubs worldwide. To date, the platform has accelerated over 160 startups, facilitated 220 pilot initiatives and proof of ideas, and deployed $150 million in capital, driving significant progress towards a extra sustainable future.

“The energy industry’s future is undergoing a remarkable transformation, which demands a novel approach to traditional processes,” stated Lindsay Smylie, Director for Plug and Play Alberta. “We are delighted to have Suncor join us to identify solutions that can help transform the industry.”

Suncor has been an lively participant in Plug and Play Alberta’s sustainability startup accelerator program since 2022. With a deep dedication to innovation and sustainability, Suncor has been offering invaluable steering to taking part startups, serving to them to refine their applied sciences and scale their companies. For startups involved in working with Suncor by way of the innovation platform, go to www.plugandplaytechcenter.com/join for extra data.

About Plug and Play Alberta
Plug and Play Alberta is constructing a world-class innovation platform to draw high know-how and funding to the area and assist Albertan entrepreneurs to scale and develop, rent tech expertise, and propel digital transformation throughout the province. Plug and Play is a part of the Alberta Scaleup and Growth Accelerator Program that’s run by a consortium led by Alberta Innovates. The consortium, which additionally consists of Alberta Technology and Innovation, Edmonton Unlimited, the Opportunity Calgary Investment Fund, and Prairies Economic Development Canada (PrairiesCan), allotted $35 million over three years to retain enterprise accelerators. It’s a part of the Alberta authorities’s objective to assist create 20,000 jobs and enhance know-how agency income to $5 billion by 2030.

About Plug and Play Tech Center
Plug and Play is a number one innovation platform, connecting startups, companies, enterprise capital companies, universities, and authorities companies. Headquartered in Silicon Valley, we’re in 50+ areas throughout 5 continents. We provide company innovation packages and assist our company companions in each stage of their innovation journey, from training to execution. We additionally manage startup acceleration packages and have constructed an in-house VC to drive innovation throughout a number of industries the place we have invested in lots of of profitable corporations, together with Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For extra data, go to pnptc.com.

Plug and Play Contact
Kristyn Coons
Senior Program Manager, Sustainability
Plug and Play Tech Center
[email protected]

SOURCE Plug and Play