Transforming the Future of Industry and Innovation

More than 2,800 technology companies dot Alberta’s cities as the province transforms traditional industries and leads emerging innovations.

Calgary, which continues to break its venture capital investment record for five years straight, is home to unicorns from social impact software company Benevity to biopharmaceutical leader Parvus Therapeutics. In Edmonton, named by CBRE as North America’s fastest-growing tech ecosystem, the big tech likes of Apple and Microsoft are alongside LGBT-founded Grengine that is sustainably evolving portable power and top-ranked field service management software Jobber.

These tech companies are launching their ideas and products from offices where real estate cost is lower in major Alberta cities – saving anywhere from $30,000 to $400,000 CAD annually for a 5,000-square-foot office space. At the core of Alberta’s tech innovation, more than 53,700 employees are driving the next generation and new technologies.

Talent in Alberta

Flying Fish Partners

Alberta Stories

mCloud

Alberta offers the ideal environment to launch or scale a tech company. A young, diverse and educated workforce, great quality of life and a cohesive ecosystem provide businesses with a solid foundation for success. 

Alberta’s spending on digital transformation (DX) is set to surpass $20B between 2021-2024, a forecast of 13% year over year growth.

Calgary, Alberta

Photo Credit: Thiago Terleski on Unsplash

RECORD-BREAKING INVESTMENTS

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.

Alberta-based companies received $840 million in PE and $707 million in VC funds in 2023

LEADER IN AI RESEARCH AND ADOPTION

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.

Talent

Alberta’s tech sector is supported by a diverse, highly educated workforce and top universities

Diverse
Talent

50% of Alberta startups have at least one founder who identifies as a visible minority and 4% who identify as Indigenous.

Computer Science Education

The University of Alberta’s computer science program has experienced a 86% increase in enrolment since 2015.

Moving Toward Gender Parity

27% of Alberta tech companies have at least one female-identifying founder — 35% higher than the global average.

Edmonton

Edmonton’s tech ecosystem is deeply intertwined with academic and research institutes. With the top computer science school in the country and a global leading AI institute, Edmonton is one of Canada’s top technology hubs.

Growing Tech Workforce

Edmonton counts 35,400 tech workers and a projected 1.5% annual growth of jobs.

Cutting-Edge Nanotechnology

National Research Council of Canada’s Nanotechnology Research Centre is located at the University of Alberta.

Health City

Edmonton-based nonprofit that coordinates efforts of researchers, tech innovators and entrepreneurs to develop new technologies.

Calgary

Calgary is an emerging tech hub. The city is leveraging its technical expertise to solve global challenges with critical mass clustering around its established fintech and healthtech ecosystems.

Affordable Office Space

The most affordable downtown office space of any major Canadian city

Advancing Quantum Technology

The University of Calgary’s Institute for Quantum Science and Technology hosts 15 research groups making advancements in quantum technology.

Leading Digital Transformation

Calgary companies will lead the $20 billion spend on digital transformation in Alberta from 2021 to 2024.

ECONOMICALLY STRONG

As the most entrepreneurial province in Canada, Alberta connects innovators with capital to turn ideas into reality

2nd

Alberta is home to the second most private equity firms in the country.

$43.5B

Private equity invested in Alberta companies since 2013.

$2.9B

Venture capital investments made in Alberta companies since 2013.

$16M

Invested by The51 — a Calgary investment platform looking to change the gender disparity in venture capital.

Areas of Focus

Cleantech

  • Carbon capture, use and storage
  • Low-carbon hydrogen production
  • Solvent extraction technology
  • Methane reduction
  • Emerging geothermal

As a global energy leader, Alberta is leveraging its expertise to accelerate the global transition to a low-carbon economy. The province is a hub for the trillion-dollar cleantech industry.

Agritech

  • Advanced monitoring
  • Big data
  • IoT-based sensor networks
  • Satellite photography and sensors
  • Computer vision and spectral analytics
  • Hydroponics

Home to a thriving agricultural sector, innovators collaborate with farmers to increase yields, find efficiencies and promote sustainability through increased connectivity and data.

Fintech

  • Cryptocurrency and blockchain
  • Digital transformation of financial sector
  • Equity financing
  • Green financing

Calgary’s growing fintech sector is comprised of the world’s most prominent finance players intermixed with exciting fintech startups — all supported by a skilled workforce.

AI and Communications Tech

  • Nanotechnology and micro-electromechanical systems (MEMS)
  • Intelligent automation
  • Artificial intelligence (AI) and machine learning (ML)
  • Internet of Things (IoT)
  • Machine vision

Working closely with the AI and IoT sector, Alberta’s emerging robotics industry is developing integrated and responsive systems to improve supply chains, energy, healthcare and manufacturing.

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