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Richard Gorecki
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Richard Gorecki

Director of Portfolio Development

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At a glance

Full Name
Richard C. Gorecki
Title
President, Senior Consultant
Firm
Geostrategic Consulting Inc.
Firm Type
Strategic consulting / commercialization advisory
Investment Stage
Early-stage startups and SMEs through prior TECTERRA funding programs; current public materials position him as an advisor, consultant, and mentor rather than a traditional venture fund investor
Check Size
TECTERRA’s BUILD model provided no-interest loans up to 50% of total project cost
Target Company Profile
Companies developing and commercializing innovative geospatial or geomatics technology where location/geographic capability is central to the value proposition and commercial potential
Sector Focus
Geospatial technology, geomatics, GIS, remote sensing, positioning, mapping, IoT-enabled geospatial applications, digital commercialization
Geographic Focus
Canada, with a strong Alberta / Calgary ecosystem focus
Location
Calgary, Alberta, Canada

Background

Richard C. Gorecki is a Calgary-based geospatial technology commercialization advisor. Public materials from Geostrategic Consulting identify him as the founder and principal consultant, and Intrinsic Innovations lists him as President and Senior Consultant of Geostrategic Consulting Inc., with roles spanning strategic advisor, growth catalyst, geospatial technology expert, and innovation speaker.

Earlier in his career, Gorecki worked in remote sensing and GIS. A 2002 Esri User Conference paper lists him at Pixxures Canada, Inc. and states that he had worked in remote sensing and GIS since 1987 across application development, sales, marketing, and client support. The same source says he earned both a B.Sc. and M.Sc. in Geography from the University of Calgary.

Gorecki was later associated with TECTERRA, a Calgary-based non-profit geospatial innovation organization. In 2020, he was publicly listed as Director of Portfolio Development at TECTERRA, speaking about the organization’s investments in product development and commercialization for Canadian geospatial technology companies. TECTERRA says it was established in 2009 and has supported hundreds of Canadian startups and SMEs through funding, subject-matter expertise, and project-based coaching.

His current work appears to be advisory rather than direct investing. Geostrategic says it helps technology companies commercializing innovative digital solutions scale their companies, with services focused on relationship management, partnership development, collaboration, and strategic engagement.

Investment Thesis & Focus

  • Gorecki’s investment and commercialization focus is geospatial technology. In a TECTERRA FAQ attributed to “Richard,” he defines geospatial in short form as “Knowing where things are, and using that information to solve complex problems.”
  • He looks for companies where “geospatial,” “geomatics,” or “geographic” capability is a significant part of the value proposition and integral to a new technology with high commercial potential.
  • Through TECTERRA’s former BUILD program, the model was non-dilutive: companies did not give up control, IP, or equity, and repayment began incrementally after the new technology was built and selling into the target market.
  • TECTERRA’s stated focus was commercialization risk that traditional investors may avoid: projects with higher technical risk, clear markets, job-creation potential, company-growth potential, and geospatial technology in the value chain.
  • Current Geostrategic materials emphasize scaling technology companies through commercialization strategy, relationship development, partnerships, collaboration, and funding-navigation support rather than investing from a fund.

Notable Investments

  • MRF Geosystems — Geostrategic publishes a testimonial from MRF’s president saying Richard helped the company secure major commercialization funding multiple times over 10 years, with resulting products becoming core to the company and generating over half of revenue.
  • Canadian UAVs — Secured TECTERRA BUILD funding in January 2021 for “Tasker,” a UAV tasking software product for BVLOS oil and gas geospatial data acquisition workflows.
  • 3vGeomatics — Listed in TECTERRA’s portfolio; specializes in InSAR-based detection and monitoring of displacement, subsidence, and geohazards.
  • Blackline Safety — Listed in TECTERRA’s portfolio; Calgary-founded connected safety company providing real-time worker monitoring, gas detection, lone-worker protection, and analytics.
  • DarkVision Technologies — Listed in TECTERRA’s portfolio; industrial acoustic imaging company in which Koch Engineered Solutions acquired a majority stake in 2020.
  • Mappedin — Listed in TECTERRA’s portfolio; Waterloo-based indoor spatial data and indoor mapping platform company.

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