Edmonton will soon be home to global accelerators for startup and scaleup businesses. As part of a funding partnership with the three levels of government, Innovate Edmonton is funding three world-class accelerators, Plug and Play Alberta, Alberta Accelerator by 500, and Community Safety & Wellness (CSW) Accelerator powered by Alchemist.
Innovate Edmonton is also funding and has launched the Alberta Catalyzer, in partnership with Platform Calgary, with a new suite of programs for early-stage founders, supporting pathways to success and economic diversification.
Together, these accelerators will support innovators as they grow from startups to scaleups, through enhanced coaching, investment-readiness and international sales channels for Edmonton’s tech companies. The accelerators will contribute to Edmonton's enduring economic resiliency and are expected to create 270 new emerging technology firms, 6,000 new jobs and $1.5 billion in technology revenue by 2030.
This is possible due to a recent $5M contribution earmarked for accelerators from the City of Edmonton to Innovate Edmonton, and investments from Alberta Innovates and Prairies Economic Development Canada (PrairiesCan) to fill a gap in the province’s innovation ecosystem by supporting business accelerators in Edmonton and Alberta.
“Accelerators are key to nurturing and expediating business growth. Our investment in these accelerators will create jobs, attract investment and strengthen Edmonton’s economy.” — Mayor Don Iveson, City of Edmonton
“Innovation is a team game and accelerators bring people together to create global opportunities, open international sales channels, boost significant investment and position Edmonton’s entrepreneurs on the world stage.
Together we are ensuring that our high-potential companies have the end-to-end supports that they need for growth — from concept to commercialization and from pitching to closing — as they prepare to collaborate and compete in today’s impact economy.”
— Catherine Warren, Innovate Edmonton CEO
“Collaborative, province-wide accelerators are powerful tools to help us diversify our economy, create new and meaningful jobs of the future, and increase prosperity for all Albertans.
Part of our mandate is to throw open the doors of the innovation ecosystem to welcome everyone—especially traditionally underrepresented communities—into Alberta’s tech economy. The Alberta pre-accelerator allows us to do that for even more startup founders in this province.”
— Dr. Terry Rock, Platform Calgary CEO
“These new models of growing and scaling up businesses represent the future. The entrepreneurs and businesses that will go through these accelerator programs will have a meaningful impact on the province. A greater number of startups will drive economic diversification and growth, and more successful scaleups will create job opportunities across sectors and across the province. The quality
and calibre of the companies being developed will attract companies from around the world who recognize the excellent opportunities that are emerging in Alberta.”
— Laura Kilcrease, Alberta Innovates CEO
Alberta Accelerator by 500 Global
500 Global will nurture seed-stage tech companies in Alberta through the Alberta Accelerator by 500 program.
Participants will receive dedicated mentorship and coaching throughout the program, preparation to scale your business leveraging our tried-and-true growth playbook, and gain access to our global network of founders and partners.
Community Safety & Wellness (CSW) Accelerator powered by Alchemist
CSW is a first-of-a-kind global accelerator to grow ventures in the community safety and wellness space, powered by artificial intelligence and machine learning.
These programs will offer business development, mentorship, data, funding, pilot customers and other opportunities to selected applicants.
Plug and Play Alberta
Plug and Play connects the world’s best startups with international corporations to bring technology to market faster.
Participating startups will have access to a network of more than 40,000 startups, 500+ official corporate partners and 200+ venture capitalists. They will work with top global mentors and investors, access corporate customers, and develop strategies needed to grow and scale their businesses.
Alberta Catalyzer is a merit-based program series supporting founders and their startups anywhere in Alberta. Divided into three phases, the program is an unprecedented realignment, harmonization and expansion of startup support from partners and organizations in all eight regions across the Alberta Innovation Network.
Participants will receive business supports and advice in the early stages of development, preparing them to advance to the scale-up and acceleration stages. Alberta Catalyzer values equity, diversity and inclusion.