EDMONTON, July 22, 2020 – To build on its Recovery Plan, Alberta’s government is moving ahead with strategic programs to create jobs and attract investment to Alberta’s tech sector. To provide immediate support to the sector, Alberta’s government will help create up to 4,000 jobs by investing an additional $175 million over three years to Alberta Enterprise Corporation. Alberta Enterprise will use this money to support Alberta’s tech entrepreneurs with the access to capital, operational expertise and industry networks they need to grow their businesses. The Skills for Jobs Agenda will also empower more Albertans to develop the necessary skills and training to find new jobs in the growing technology and innovation sector.
“We’re excited about the renewed support from the Government of Alberta. With this investment we will continue growing the venture capital industry in Alberta, attracting the best venture capital funds to the province, and most importantly, bring the support to help Alberta entrepreneurs create globally successful companies based here.” Kristina Williams, president and CEO, Alberta Enterprise Corporation
About Alberta Enterprise Corporation: www.alberta-enterprise.ca
Alberta Enterprise Corporation promotes the development of Alberta’s venture capital industry by investing in venture capital funds that finance early-stage technology companies. We focus on funds that have a strong commitment to Alberta – including a full-time presence in the province. In addition to capital, we support Alberta’s venture capital ecosystem by connecting investors, entrepreneurs, and experienced technology executives who share our passion for building a bright, innovative Alberta. Since our inception we have committed C$198 million for investment to nineteen VC funds and the Accelerate Funds I, II and III, covering a diverse range of forward-looking industries including clean and energy technologies, information and communications technologies, life sciences, and agriculture and food.
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