“Alberta has always been a great place for companies to invest and the latest data from the Canadian Venture Capital & Private Equity Association proves this continues to be the case. We’ve seen strong signs of great momentum in Alberta’s tech sector over the last five years and we continue to build on that momentum.”
“In the first half of 2024, Alberta companies raised an impressive $383 million across 41 deals. That has pushed us 33 per cent ahead of British Columbia, with Alberta companies securing $95 million more than our western neighbours. This is a big deal. This is the first time we’ve surpassed B.C., but I don’t think it’s the last time that it’s going to happen; rather, this is a sign of things to come.”
“Alberta’s tech sector is growing very fast and it’s an exciting place to be. I’m betting on Alberta’s innovators to take us to even higher heights. Our tech sector has been maturing for a while, but in the last five years we’ve hit it into overdrive.”
“This has been in the works for a long time, and we’ve been building a strong foundation with our investments in Alberta Enterprise Corporation, Alberta Innovates, and our partnerships with post-secondary institutions. Albertans, especially those in the technology and innovation space, know I am a tireless advocate, selling Alberta’s tech successes and inviting investors to participate in that success. I’ve been talking to the venture funds from across North America to say there’s something special happening in Alberta and it would be irresponsible of you to not pay attention.”
“This approach is paying off, as seen by the 2.5 per cent year-over-year increase in the number of deals in Alberta—a stark contrast to the declines seen in the rest of Canada and the U.S. This is good news for Alberta, and we should be proud of what our tech sector is delivering. It’s a sign of a bright future.”