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At the municipal level, the initiative will also include Innovate Edmonton and the Opportunity Calgary Investment Fund (OCIF). The Government of Canada, through Prairies Economic Development Canada (PrairiesCan), has invested to expand funds available to not-for-profit business accelerators. 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. Governments are investing about $35 million in the initiative. The programs are also intended to attract global firms, technologies and investments to the province.Īll 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).
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Together, these accelerators are intended to fill a scaleup gap that exists for local startups and capitalize on Alberta’s strengths. 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.ĥ00 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.Įach 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.
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Alberta Accelerator by 500 will alternate their operations between the hubs of Edmonton and Calgary. The goal is to support Alberta Innovates in strengthening an Alberta innovation corridor which encompasses Edmonton, Calgary and rural Alberta.