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ARTICLE · 20 JANUARY 2021

Funding And Grants Available To Technology And Innovation Companies In Alberta, Canada

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The technology industry in Alberta has grown significantly in the past decade and is increasingly becoming an important part of Alberta's economic future.

CanadaTechnology
Paul D. Barbeau
Paul D. Barbeau
Jason Haley
Jason Haley
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The technology industry in Alberta has grown significantly in the past decade and is increasingly becoming an important part of Alberta's economic future. Alberta has become a destination for international technology companies looking to expand into the Canadian market and a world leader in machine learning research and development, innovative geomatics technologies and interactive digital media. Between 2009 and 2020, the number of tech companies in Alberta increased by 87%.

In particular, Calgary's tech industry is flourishing.  In addition to having the highest concentration of high-tech workers in Canada, Calgary companies file more patents per capita than those of any other Canadian city and boasts a start-up ecosystem valued at approximately $1.2 billion. To fuel the growth of the tech industry, it is estimated that Calgary companies will spend over $18 billion dollars on digital transformation between 2020 and 2022.

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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