Alberta tech sector holds its breath as province pauses innovation programs

Aug 23 14:08 2019 Print This Article

A switch-up in leadership within the Government of Alberta has led to the suspension of several programs for the province’s tech and innovation sector, as the incoming party places the province’s budget under review.

BetaKit spoke to a number of individuals from Western Canada’s tech ecosystem, including investors, entrepreneurs, and some of the province’s top tech organizations, to understand what these changes mean for Alberta’s tech community.

According to research from the Alberta Enterprise Corporation, the province’s tech ecosystem is growing at an accelerated rate, with nearly one-third of firms reporting over $1 million in annual revenue. However, entrepreneurs and investors in Alberta are now sounding the alarm after entrepreneurship programs and investor tax incentives have been placed on pause, while a $100 million provincial commitment to Alberta’s AI industry is in flux.

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BetaKit is a new publication dedicated to providing original, real-time reporting and analysis of emerging technology news and global innovation. Built by the team behind Sprouter.com, BetaKit draws upon an established community of over 80,000 emerging technology founders who are building the next big thing.

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