Alberta
Edmonton triples venture capital investment in 2023
Alberta’s tech sector continues its strong momentum, with Edmonton seeing its strongest growth ever, proof Alberta remains a hot tech market.
As global and national investment have declined, Alberta has remained a strong tech market and is showing continued leadership, as shown by Pitchbook ranking Calgary as the 12th fastest-growing tech ecosystem in the world and LinkedIn ranking Calgary as one of the best places to hire and recruit tech workers.
At the end of 2023, Alberta’s five-year growth rate for venture capital dollars invested reached an impressive 48.5 per cent, more than triple Canada’s compounded average growth rate of 13 per cent, according to the 2023 Canadian Venture Capital Private Equity Association fourth-quarter report.
The province’s growth rate means Alberta finished 2023 with $707 million invested over 86 deals, in line with Alberta’s 2022 record-breaking year. In contrast, Canada ended the year with a 31 per cent decline in investments. Over the past five years, Alberta technology companies have secured more than $2.7 billion in venture capital funding across 350 deals, creating thousands of jobs for Albertans.
“While Canada as a whole saw massive declines, Alberta has held steady. We are a major venture capital player in Canada, as technology drives growth across all sectors.”
Alberta’s two largest cities continued to attract investment dollars in 2023, with Calgary and Edmonton coming in fourth and fifth respectively for number of deals, with $501 million invested in 64 deals in Calgary and $188 million invested in 21 deals in Edmonton. Edmonton saw a 324 per cent increase from $58 million in 2022 to $188 million in 2023. In total, Alberta captured 10.3 per cent of dollars invested in 2023 and 13 per cent of venture capital deals in Canada.
“Edmonton’s tripling of venture capital investment in 2023 underscores our city’s position as a dynamic tech capital within Alberta’s thriving innovation ecosystem, reaffirming our role as a powerhouse driving technological advancement and economic prosperity across diverse sectors. It is the local innovators’ relentless pursuit of solutions to real-world problems, with the continuing support of the Government of Alberta, which not only attracts significant investment but also propels our city to the forefront of Alberta’s tech revolution and fosters job creation for our community.”
“At Platform Calgary we are working with our partners to continue this momentum by linking up high potential tech startups with the investors that can help them take their businesses to the next level. The evidence is clear, Alberta is emerging as one of the most exciting and resilient tech ecosystems in the world. Together with our growing tech community, we can secure Alberta’s position as the best place in the world for anyone to launch and grow a tech business.”
Alberta remains a growing market for the technology and innovation sector, and Alberta’s government celebrates its steady contribution to the Alberta economy, including in the fourth quarter of 2023. The end of last year saw venture capital investments in the province increase by 35 per cent for dollars invested and 19 per cent for deals closed compared with the third quarter. There were 25 deals closed valued at a combined $173 million in the fourth quarter of 2023.
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Alberta
Premier Danielle Smith hints Alberta may begin ‘path’ toward greater autonomy after Mark Carney’s win
From LifeSiteNews
Alberta’s premier said her government will be holding a special caucus meeting on Friday to discuss Alberta’s independence.
Alberta Premier Danielle Smith hinted her province could soon consider taking serious steps toward greater autonomy from Canada in light of Mark Carney and the Liberal Party winning yesterday’s federal election.
In a statement posted to her social media channels today, Smith, who is head of Alberta’s governing United Conservative Party, warned that “In the weeks and months ahead, Albertans will have an opportunity to discuss our province’s future, assess various options for strengthening and protecting our province against future hostile acts from Ottawa, and to ultimately choose a path forward.”
“As Premier, I will facilitate and lead this discussion and process with the sincere hope of securing a prosperous future for our province within a united Canada that respects our province’s constitutional rights, facilitates rather than blocks the development and export of our abundant resources, and treats us as a valued and respected partner within confederation,” she noted.
While Smith stopped short of saying that Alberta would consider triggering a referendum on independence from Canada, she did say her government will be holding a “special caucus meeting this Friday to discuss this matter further.”
“I will have more to say after that meeting is concluded,” she noted.
Smith’s warning comes at the same time some pre-election polls have shown Alberta’s independence from Canada sentiment at just over 30 percent.
Monday’s election saw Liberal leader Mark Carney beat out Conservative rival Pierre Poilievre, who also lost his seat. The Conservatives managed to pick up over 20 new seats, however, and Poilievre has vowed to stay on as party leader, for now.
In Alberta, almost all of the seats save two at press time went to conservatives.
Carney, like former Prime Minister Justin Trudeau before him, said he is opposed to new pipeline projects that would allow Alberta oil and gas to be unleashed. Also, his green agenda, like Trudeau’s, is at odds with Alberta’s main economic driver, its oil and gas industry.
The federal government under Trudeau pushed since 2015 a radical environmental agenda similar to the agendas being pushed the World Economic Forum’s “Great Reset” and the United Nations “Sustainable Development Goals.”
The Carney government has also pledged to mandate that all new cars and trucks by 2035 be electric, effectively banning the sale of new gasoline- or diesel-only powered vehicles after that year.
The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has also been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda – an organization in which Trudeau and some of his cabinet are involved.
Smith: ‘I will not permit the status quo to continue’
In her statement, Smith noted that she invited Carney to “immediately commence working with our government to reset the relationship between Ottawa and Alberta with meaningful action rather than hollow rhetoric.”
She noted that a large majority of Albertans are “deeply frustrated that the same government that overtly attacked our provincial economy almost unabated for the past 10 years has been returned to government.”
Smith then promised that she would “not permit the status quo to continue.”
“Albertans are proud Canadians that want this nation to be strong, prosperous, and united, but we will no longer tolerate having our industries threatened and our resources landlocked by Ottawa,” she said.
Smith praised Poilievre for empowering “Albertans and our energy sector as a cornerstone of his campaign.”
Smith was against forced COVID jabs, and her United Conservative government has in recent months banned men from competing in women’s sports and passed a bill banning so-called “top and bottom” surgeries for minors as well as other extreme forms of transgender ideology.
Alberta
Hours after Liberal election win, Alberta Prosperity Project drumming up interest in referendum
News release from the Alberta Prosperity Project
Carney’s In. Now what?You’ve been paying attention. You understand this is really bad. Worse than that, it’s dangerous. The country has somehow chosen several more years of a decade-long Trudeau Travesty…on steroids. Because this new Prime Minister has a three digit IQ, deep and questionable connections and a momentum to accelerate the further dis-integration of a nation we all once proudly belonged to. It’s untrue to say the country is dying. But it’s also not a stretch to say it’s on life support. The era of Carney Carnage is here. While every province will experience it, there’s no secret he’s placed an extra big bulls-eye on Alberta. It’s not personal, it’s financial.His plan includes continuing to limit three of Alberta’s most prosperous sectors: energy, agriculture and, by extension, innovation. To acknowledge this requires we abandon our sense of romanticized national nostalgia. Nostalgia is a trap that prevents us from assessing the reality we exist in. For instance, GDP is considered the financial heartbeat of a country. Over the past decade of Liberal Leadership, the national GDP has been an abysmal 1.1%. By relatable comparison, Mexico was 4%, the UK was 6%, Australia had 8% growth and the US was a whopping 19%. That’s great information for an economist, but what does it mean to your pay cheque? The everyday impact on the average Albertan —say, a teacher or mechanic— of 10 long years of 1% GDP means rent’s up at least 25%, a trip to the grocery store always stings, and driving an older car is the norm because an upgrade is out of reach. Does this sound like your reality? We aren’t starving, but we’re not thriving, either.Does this make sense for 4.5 million people living with the third most abundant energy deposits in the world? There’s an absurdity to the situation Albertans find themselves in. It’s akin to being chronically dehydrated while having a fresh water spring in the backyard. The life you’ve invested for, the future you believed was ahead, isn’t happening. If Alberta stays on this path. So what can you, as an Albertan, do about it? This Fall, we’ll be provided an opportunity. A life raft in the form of a referendum. It requires curiosity, imagination and courage to step into it, but the option will be there — a once in a lifetime shot at prosperity for you and your family: Alberta Sovereignty. A successful bid means Albertans can finally paddle out of the perilous economic current that’s battered us for ten long years. Alberta has the resources, talent and spirit of collaboration to create a prosperous future for our families and communities. |
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WHAT CAN ALBERTANS DO?Register Your Intent To Vote “YES” |
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