Alberta’s tech sector is maturing and investors are taking note. For the fifth consecutive year, the province experienced another record-breaking year for venture capital investment in 2022. Four Calgary-based tech companies: Benevity, Solium Capital (now Shareworks by Morgan Stanley), RS Energy Group (now Enverus Intelligence Research Inc.) and Parvus Therapeutics have reached unicorn status.

Alberta is well-positioned to attract global tech firms to scale up their North American footprint while attracting investment into early-stage tech startups. Alberta is home to the second most private equity firms in the country and boasts policies and incentives that mirror the province’s entrepreneurial mindset.

Alberta Innovates, Alberta Enterprise Corporation (AEC) and regional partners have joined forces to launch Start Alberta, a pan-provincial scaleup and growth accelerator program, as part of a broader vision to strengthen Alberta’s innovation ecosystem.

Edmonton is one of three hubs at the core of the Government of Canada’s Pan-Canadian AI Strategy, designed to leverage and grow the country’s expertise in artificial intelligence (AI) and machine learning (ML).

The province’s AI ecosystem is supported by the Alberta Machine Intelligence Institute (Amii) which brings together academics and entrepreneurs to advance the adoption of AI. Amii has been critical to attracting the talent, innovation and capital needed to grow Edmonton into a global AI hub.