The Royal Bank of Canada (RBC) launched an innovation hub in Calgary in September of this year, focusing on job creation in areas of high demand for Calgary’s technology ecosystem.
Over the next three years, Hub will create 300 technical jobs for Calgarian in data engineering, machine learning, artificial intelligence and other areas. Recruiters will join 1,500 RBC employees in the city and 4,000 RBC employees in the state.
RBC’s decision to open an innovation hub in Calgary speaks to the technology innovation ecosystem of our city. “
The state is taking important steps to make it an attractive option for the technology sector. For companies looking to do business in Alberta, Calgary represents an economy that is strictly shifting to innovation rather than energy.
“The RBC’s decision to open an innovation hub in Calgary speaks to our city’s innovation ecosystem. Calgary is a city for innovators trying to solve some of the world’s biggest challenges. This has always been the case, “said Brad Parry, interim president and CEO of Calgary’s economic development.
The creation of the hub is in the midst of an attempt by the city to return businesses to Calgary to recover the economy, which has been sluggish since 2019. With more and more space open in downtown the city, Calgaries are asking companies to look towards the tech department. After a difficult start between the conservative government and Alberta’s technology sector in 2018, Alberta’s Prime Minister Jason Kenneth announced the “Technology and Innovation Strategy” in the 2021 budget to bring technology and innovation to the government. Made it an important part of the economic recovery target.
Prime Minister Kenny has been campaigning for businesses to return to Calgary and the city since the recession began. “Diversifying the economy through technology and innovation is an important part of Alberta’s reconstruction program. We are pleased that this investment in the booming technology sector will expand RBC’s footsteps in Alberta. I think, “said Premier.
Last year, Calgary was headquartered in companies such as mCloud, Infosys and Mphasis. Local businesses such as Symend and Benevity are also gaining international attention.
The hub will allow 300 new employees to join RBC’s global technology and operations team. The new announcement will come just days after RBC announces its financial partnership with the Kanata North Business Association at Hub350 Technology Park.
Technology & Operations RBC SVP Jules Andrew called Calgary a fascinating place due to Calgary’s financial services sector, developed infrastructure, and proximity to higher education institutions.
“RBC’s innovation hub is a strategic investment in Alberta’s economy, strengthening the emerging technology ecosystem and supporting the growth of the technology sector,” said Andrew.
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