Alberta Innovates is investing new money to enhance its new innovation system

news release

Calgary, Alberta – June 2, 2022 – Innovates, Alberta is investing new money to support small and medium-sized technology companies in Alberta and strengthen the state’s emerging technology ecosystem.

Over $ 8.6 million was awarded to the first 14 projects selected through the Alberta Innovates Ecosystem Development Pilot Program. Projects range from short-term collaboration building projects for technology hubs to three-year cohort-based projects that directly support growing companies.

This pilot program invests in nonprofits and nonprofits. The project supports activities in the following priority areas:

Promote diversity and help undervalued people in the early stages of building a tech-enabled startup. Accelerate the growth of scaling and established technology companies. Through human resources development, we support the growth of promising digital companies in Alberta. Strengthen and convene innovative technology hubs.

The project is state-wide and works with other Alberta Innovate programs such as Alberta’s Scale-up and Growth Program and Regional Innovation Network to support Alberta’s emerging technology companies from ideas to scaling. increase.

See the Background section below for a list of funded projects. For more information on the Ecosystem Development Pilot Program, please visit the Alberta Innovates website.

Also today announced the launch of the Ecosyst3em Development Partnership Program. Alberta Innovates will start accepting applications in mid-June. For more information, please visit our website.

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Albertus’ technology and innovation sector is growing, creating jobs and finding solutions. We recognize the importance of ensuring that small and medium-sized tech companies grow and bring their ideas to market with the right support. The investments made by these organizations will help solidify Albertus’ reputation as a growing and prosperous technology hub.

Minister Doug Schweitzer, Employment, Economy, Innovation

Create an ecosystem development pilot program to address the innovation continuity gap from conception to commercialization, reach rural and undervalued people, and grow and think about entrepreneurs in all parts of the state. Incorporated additional expertise into the system to facilitate.

Alberta Innovates CEO, Laura Kilcrease

Background

Ecosystem Development Pilot Program Approved Project

Number of Applicants Project Period Project Title Alberta IoT Association Ltd. $ 600,0001 4 months Alberta Science Park / Fast Track Program Canadian Blockchain Consortium Corp. $ 175,000 1 year Collaboration Accelerates Albertas Blockchain Leadership CentralAlberta: Access Prosperity $ 900,000 3 years Manufacturing & Export Enhancement (MEE) Cluster Cyber A Inc. $ 1,343,6972 Applied Data Science Lab, Institute of Economic Development and Digital Media, Alberta $ 600,200 6 months Interactive Digital Media (IDM) Ecosystem Development Europe-Canada Innovation Research Center $ 300,0002 High growth in Alberta Alberta Revenue Accelerator (TARA) $ 390,6382 with SME GrowthX, LLC $ 1,000,0002 Growth XIntrinsic Innovations with European partners to expand business and accelerate technology commercialization Maintaining entrepreneurial growth at the Association $ 500,0001 3 months RuralWom en Entrepreneurs in Technology (RWEIT) Mount Royal University $ 1,393,755 3 years GrowthCatalystScaleUp Concierge Inc. $ 105,940 1 year leadership to accelerate diverse C-Suite executives Development Platform (SaaS) Start Up TNT Organization $ 750,000 3 year Startup TNT Investor Training and Access to Capital Program The Natural Step Canada (Energy Futures Lab) $ 500,0003 Ecosystem Development for Fair Energy for One Year Alberta University $ 90,0008 Months Shared Innovation for Hard Technology Loop (SIGHT) Calgary’s Creative Destruction Lab Rockies $ 500,000 34 Months training program. Total investment of $ 9,149,030 to help entrepreneurs earlier than Creative DestructionLabRockies

Alberta Innovates invests in research, innovation and entrepreneurship to drive the state’s economic growth and diversity. By working with researchers, industry and entrepreneurs to guide Alberta into a low-carbon future, promote responsible use of land and water, and contribute to improving Alberta’s health and well-being. , Ignite the power of innovation. Alberta Innovates provides technical expertise, entrepreneurial advice and support, partnership opportunities, and funding to drive the best ideas. We support a wide range of research and innovation activities, from discovery to use. Collaboration is central to what we do, connecting a bright mind with great ideas.

Learn how Alberta will innovate

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