The Alberta government says it is providing just over $13 million to support emerging technology companies, including one that is pledging to build a new digital health centre at the University of Alberta.
Technology and Innovation Minister Nate Glubish made the announcement on Tuesday, August 22, saying it showed Alberta remains among Canada’s tech leaders.
“Alberta continues to have great momentum, and relative to the rest of the country, we continue to do really well,” Glubish said of the funding.
“(It) is going to continue to help maintain that momentum by ensuring that more and more great research projects coming out of our post-secondary institutions can commercialize, can transition from research projects into full companies, and ultimately to serving real customers and selling real technology.”
The money comes from Alberta Innovates’ ecosystem development partnership program and will be spread across 19 partners, who will have up to 36 months to implement their projects. Projects range from the Alberta Science Park, by the Alberta IoT, to a hub for neuro-engineering solutions at the University of Lethbridge.
“There’s no better time to be in tech in Alberta than now. We know the importance of ensuring appropriate supports are in place to help small and medium-sized technology companies grow and bring their ideas to market. The investments being made in these organizations will help solidify Alberta’s reputation as a growing and thriving technology hub,” Glubish added in a release.
Funding includes $1.8 million devoted to Smart Technology Innovations which has said it will use the funds to create “a cluster for digital and health technology product development and validation” at the U of A, and the project is also expected to attract global investment and talent to the province.
“ST Innovations is pleased to receive support from the Ecosystem Development Partnerships Program. This funding will allow us to utilize our state-of-the-art facilities, skills and resources to advance Alberta-based digital health technologies, taking innovations from concepts to prototypes and right through to validation to make them market fit and suitable for additional investment, manufacturing and upscaling,” stated Vivian Mushahwar, director of Smart Network and ST Innovations. “This pushes the health technology ecosystem in Alberta to critical capacity so that it can explode on the national and international scene.”