This read is better from Alberta Innovates.
The selected accelerators :
- Alberta Accelerator by 500 – 500 Global, one of the world’s most active venture capital firms, is launching a one-of-a-kind accelerator to nurture seed-stage tech companies in Alberta. The goal is to support Alberta Innovates in strengthening an Alberta innovation corridor which encompasses Edmonton, Calgary and rural Alberta. Alberta Accelerator by 500 will alternate their operations between the hubs of Edmonton and Calgary.
- Plug and Play Alberta – Plug and Play connects startups with international corporations to bring technology to market faster. They will offer sector-agnostic and sector-based accelerator programs in digital health and sustainable clean resources across the province, with their main Alberta office in Calgary and a satellite office in Edmonton.
- Community Safety and Wellness powered by Alchemist – A public/private consortium from Edmonton has partnered with Alchemist Accelerator to provide services to ventures using artificial intelligence in the social sector. This accelerator will be based in Edmonton and intends to export digital solutions globally.
- Alberta Pre-Accelerator – To be launched later this year, the Alberta pre-accelerator is an unprecedented realignment, harmonization and expansion of startup supports for founders anywhere in Alberta, with a focus on equity, diversity, and inclusion. In partnership with Alberta Innovates, this merit-based pre-accelerator is being developed and delivered by Platform Calgary and Innovate Edmonton, with support from partners and organizations across the Alberta Innovation Network.
500 Global,
Plug and Play and
Alchemist Accelerator are all rooted in Silicon Valley with multinational operations, corporate and government customers, investments and alumni around the world.
Each accelerator brings a unique program to Alberta to support entrepreneurs and startups at different stages in the client journey, so they will complement each other in serving the Alberta innovation ecosystem. Together, these accelerators are intended to address Alberta’s need to fill a scaleup gap that exists for local startups and capitalize on Alberta’s strengths. The programs are also intended to attract global firms, technologies and investments to the province.
All three orders of government – provincial, federal and municipal – have come together to support this unprecedented initiative developed and managed by Alberta Innovates through its
Scaleup and Growth Accelerator Program (Scaleup GAP).
Governments are investing as much as $35 million for the overall accelerator program in Alberta. This includes funding from the Alberta Ministry of Jobs, Economy and Innovation to Alberta Innovates to lead and manage the overall Scaleup and Growth Accelerator Program. The Government of Canada, through Prairies Economic Development Canada (PrairiesCan), has invested to expand funds available to not-for-profit business accelerators. At the municipal level, the initiative will also include Innovate Edmonton and the Opportunity Calgary Investment Fund (OCIF).
In addition, a separate accelerator was
announced in June to scale high-potential startups in the agrifood sector. The Opportunity Calgary Investment Fund, Ministry of Agriculture and Forestry, Olds College and Alberta Innovates are providing up to $2.5 million dollars to support the establishment of SVG Ventures | THRIVE’S Canadian subsidiary with its headquarters located in Calgary.
News releases, announcing each of the accelerators, above can be found at:
global-business-accelerators-to-power-growth-opportunities-in-alberta-tech-startup-sector