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Alberta has a scaleup gap. While half of all startups survive over five years, only 0.1 per cent of small firms become mid-sized, and only two per cent of mid-sized firms become large. We want to help Alberta’s scaling startups and small businesses grow so they can reap the benefits while positively contributing to economic growth and prosperity in our province.
In partnership with three levels of government including the Government of Alberta, Prairies Economic Development Canada, and both the City of Edmonton (Edmonton Unlimited) and City of Calgary (Opportunity Calgary Investment Fund), Alberta Innovates designed and continues to administer a provincial scale-up and growth strategy that has since developed into a burgeoning program centred around two pillars – the use of global accelerators and the Fellowship Alumni Network.
BDC defines accelerators as, “programs that give developing companies access to mentorship, investors and other support that help them become stable, self-sufficient businesses.”
The Scaleup and Growth Accelerator Program provides end-to-end services for companies who are just fleshing out their business plans all the way to organizations who need advice or investment to help them through the hurdles of going global. In 2021, we contracted with one local pre-accelerator and four global accelerators to bridge the scaleup gap: Alberta Catalyzer Pre–Accelerator, Alberta Accelerator by 500, Plug and Play Alberta Accelerator, Telus Community Safety and Wellness Accelerator powered by Alchemist, and SVG Thrive Studio, Pre-Accelerator and Accelerator to support agricultural startups.
Together, these global accelerators will help us:
Unlike other global accelerators, Alberta Scaleup and Growth Accelerators are fully funded by our partner consortium, enabling the program to be free of charge with no equity taken from participating companies.
Additionally, we invite Alberta Accelerator graduates to join our Fellowship Alumni Network, where they will continue to receive supports to help them grow. We know from our alumni that the more support and connections a scaling company receives, the more likely they will be to thrive and prosper.
If you are a startup looking to scale and grow, identify the accelerator that is right for you and apply to be part of their next cohort through the accelerator portals listed below:
Alberta Accelerator by 500 – for sector agnostic tech companies
Plug and Play Alberta – for tech companies focused on sustainable innovations, digital health innovations, and sector agnostic innovation
Community Safety and Wellness Accelerator powered by Alchemist – for tech companies, including social enterprises, using artificial intelligence and machine learning to develop apps or digital platforms that specifically provide a social, community or wellness benefit.
Alberta Catalyzer – for early-stage tech startups who need help getting ready to advance to the scaleup/acceleration stage.
SVG| THRIVE Canada Accelerator – Provide an end-to-end roadmap for agri-food companies from a venture studio, to pre-accelerator, to accelerator, to a fund.
Looking for more information that will supercharge your scale-up? View these live streamed keynotes, panels, and masterclasses from industry experts at the 2022 Leading in Learning forum:
By engaging in the Plug and Play Ventures Alberta Accelerator we were able to get connected to Government and Industry leaders across the province as well as other start-ups launching new initiatives. These connections have led to a number of different opportunities, many of which we are actively pursuing today to bring equitable access to care in a truly public-private partnership across Alberta.
Home Spritz and I have learned so much from our amazing mentors in the Alberta Innovates programs through their lived experiences. Our mentors keep in touch with us and help us manage our growth and plans. The accelerators we have been a part of in the Alberta start-up ecosystem have been key to our success and continued growth. I don’t think we’d be as motivated and excited to keep our growth going as we would be without their support.
Alberta Innovates Accelerator program really taught us the ins and outs and nuances of building business worldwide & raising investment. It accelerated our understanding of how to go about it for the first time, massively prepared us for the process, and put us in a much stronger position than we were in before. We have increased our revenue by 4X during the 1st month of this accelerator program. The team is mind-blowing and very supportive like family.
Executive Director, Accelerators
Director, Accelerators