Invest In Alberta

Alberta is a province of entrepreneurs and visionaries. A place where people think big and fearlessly follow their ambitions. A growing technology powerhouse spanning industrial tech, IT and life sciences.

Alberta tech companies are steadily flexing their muscle on the world stage and attracting international attention for a diverse range of innovative technologies.

Alberta Edge

Alberta has rapidly become one of Canada’s most attractive destinations for Venture Capital (VC) investment. Driven by a decade of transformation that has expanded opportunities beyond oil and gas. In addition to its robust energy sector, the province is now attracting record levels of venture capital across industries such as technology, cleantech and life sciences.

Alberta’s Venture Capital Market is One of the Fastest-Growing in Canada.

The last decade has seen a dramatic rise in venture capital investment across Alberta, with Calgary leading the charge.

  • In 2015, Alberta recorded just 17 venture capital deals totaling $116 million.
  • By 2019, investment had more than doubled to 44 deals and $238 million.
  • In 2021, the number of deals done in Alberta hit a high of 109 deals worth $678 million, marking the province as a serious contender among Canadian venture ecosystems.
  • Even with global market downturns, Alberta sustained $689 million in venture capital investment across 88 deals in 2023, demonstrating long-term resilience.
  • In 2024, Venture capital remained strong at $706 million across 85 deals, keeping Alberta in a dominant position as a high-growth investment destination.
Source: CVCA website

100,000+

Tech Sector Workers Concentrated in Calgary and Edmonton

9,000+

STEM Graduates Each Year From Alberta Post-Secondary Programs
(#3 in Canada)

Most Engineers

per capita in North America

Source: Invest in Alberta

Regional Breakdown and Top Industries

Zero %

Provincial Sales Tax

8%

Corporate Tax
(Canada’s lowest)

Top

Median After-Tax Income (Canada)

A Top Destination to Live and Work

Renowned for its wide-open spaces, majestic mountains and lush river valleys, Alberta is a lifestyle destination. Housing prices are significantly lower than in other major centres. With two international airports and direct access to freight and transportation hubs, Alberta is the ideal place to locate a VC office and attract talent seeking a work/life balance.

The province is home to the internationally renowned Alberta Machine Intelligence Institute (AMII). The University of Calgary and the University of Alberta are major research hubs for technology, biotech, and nanotech with the University of Alberta being recognized as Canada’s top institution in artificial intelligence in 2025.

Alberta’s two largest cities, Calgary and Edmonton serve as the province’s primary technology centres.

Calgary:
With its mountain backdrop, Calgary is Alberta’s largest city and one of Canada’s fastest-growing economic hubs. The city was ranked as the Fifth Most Livable City in the World in the Economist Intelligence Unit’s annual list of the world’s most livable cities (2024).

Edmonton:
Alberta’s capital city is home to the University of Alberta, which is ranked 3rd in Canada and the US for AI research and is a centre of excellence for medical research. Of Canada’s major cities, Edmonton boasts the lowest cost of living.

Rural Alberta:
A growing number of technology firms are taking advantage of the ample/ affordable real estate opportunities and skilled workforce to establish manufacturing facilities in Alberta’s municipalities.

For more information on Alberta’s competitive advantages, investment opportunities and business connections, visit Invest Alberta.

Interested in learning more about establishing a VC in Alberta?

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