Why venture capital is necessary
Venture capital plays an important role in fostering a strong technology sector, in Alberta and around the world. It is critical for transforming cutting-edge ideas and technologies into viable commercial products.
Venture capital provides tech start-ups with the necessary bridge between early funding (including grants and angel capital) and funding available to larger, more established businesses (such as bank loans, institutional funding or public markets).
VC-backed companies have a higher survival rate, higher revenue and employment growth compared to their non-VC backed counterparts. A self-sustaining VC industry will result in a diversified, resilient economy, where Albertans will benefit from quality jobs, a high standard of living and a broad base of economic opportunities.