June 2, 2022

Alberta Innovates invests new funding to strengthen emerging tech innovation system

Update: Round two of the Ecosystem Development Program (now called the Ecosystem Development Partnerships program) launched. Learn more.

NEWS RELEASE

Ecosystem Development Program awards $9.1 million to 15 projects

CALGARY, ALBERTA, June 2, 2022 – Alberta Innovates is investing new funding to support Alberta’s small- and medium-sized technology companies and strengthen the province’s emerging technology ecosystem.

More than $9.1 million has been awarded to the first 15 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 non-profit and for-profit entities. The projects support activities in the following focus areas:

  • Promote diversity and assist under-represented populations in the earliest stages of building a technology-enabled startup.
  • Accelerate growth for scaling and established technology companies.
  • Help high-potential digital companies grow in Alberta through talent development.
  • Strengthen and convene innovative technology hubs.

The projects have a provincewide focus and will work collaboratively with other Alberta Innovates programs such as the Alberta Scaleup and Growth Accelerators Program and Regional Innovation Networks to support Alberta’s emerging technology companies from ideation to scaling.

See the Background section below for the list of funded projects, and the Alberta Innovates website for more details about the Ecosystem Development Pilot Program.

Also being announced, today, is the start of the Economic Development Partnership Program.  Alberta Innovates will begin accepting applications in mid-June. Visit our program page for more details.

“Alberta’s technology and innovation sector is growing, creating jobs and finding solutions. We know the importance of ensuring the correct supports are in place to help small- and medium-sized technology companies grow and bring their ideas to market. The investments being made in these organizations will help solidify Alberta’s reputation as a growing and thriving technology hub.”

Minister Doug Schweitzer, Jobs, Economy and Innovation

“We created the Ecosystem Development Pilot Program to address gaps in the innovation continuum from ideation to commercialization, to reach rural and under-represented populations, and to bring additional specialized knowledge into the system to spur entrepreneurial growth and mindset in every part of the province.”

Laura Kilcrease, CEO, Alberta Innovates

BACKGROUND

Ecosystem Development Pilot Program – Approved Projects

Applicant Amount Project Term Project Title
Alberta IoT Association Ltd. $600,000 14 months Alberta Science Park/Fast Track Program
Canadian Blockchain Consortium Corp. $175,000 1 year Accelerating Alberta’s Blockchain Leadership Through Collaboration
Central Alberta: Access Prosperity $900,000 3 years Manufacturing & Export Enhancement (MEE) Cluster
Cybera Inc. $1,343,697 2 years Applied Data Science Lab for Economic Development
Digital Media Association of Alberta $600,000 26 months Interactive Digital Media (IDM) Ecosystem Development
European-Canadian Centre for Innovation and Research $300,000 2 years Connecting Alberta high-growth and high-potential SMEs with European partners to scale business and speed up technology commercialization
GrowthX, LLC $1,000,000 2 years The Alberta Revenue Accelerator (TARA) powered by GrowthX
Intrinsic Innovations $390,638 2 years Entrepreneur Growth Retention in Alberta
Lethbridge Economic Development Initiative Society $500,000 13 months Rural Women Entrepreneurs in Technology (RWEIT)
Mount Royal University $1,393,755 3 years Growth Catalyst
ScaleUp Concierge Inc. $105,940 1 year Leadership Development Platform (SaaS)to accelerate diverse executives to the C-Suite
Start Up TNT Organization $750,000 3 years Startup TNT Investor Training and Access to Capital Program
The Natural Step Canada(Energy Futures Lab) $500,000 3 years Ecosystem Development for an Equitable Energy Future
University of Alberta $90,000 8 months Shared Innovation Group for Hard Technologies (SIGHT) Strategic Planning
University of Calgary (Creative Destruction Lab Rockies) $500,000 34 months Nurture program; helping entrepreneurs at an earlier stage than Creative Destruction Lab Rockies
TOTAL Investment $9,149,030