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Alberta Regional Innovation Network Earns An Additional $ 18.7 Million Over Three Years

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Jobs, Economy and Innovation Dougschweizer, Political Minister of Bread Clam Trail Links, announced $ 1 million in financial support for women in science, technology, engineering and math at Noquest College on Tuesday, March 8, 2022. ..Photo: Ed Kaiser / Postmedia Article content

Alberta has invested an additional $ 18.7 million over three years in the state-wide regional business development network.

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Employment, Economy and Innovation Minister Doug Schweitzer said Tuesday that eight networks, including Edmonton and Calgary, will help connect entrepreneurs with programs and services and accelerate new growth businesses.

It’s designed to support every aspect of Alberta’s economy, so every year the organization names this work, whether it’s agricultural technology development, financial technology services, blockchain, or artificial intelligence. Schweizer, who estimates that he is supporting 1,600 entrepreneurs, said. The program has received the same funding for the past three years, but has grown since 2008, when it started with three networks.

Of the three-year funding, the Edmonton Regional Innovation Network will receive $ 4.9 million and the Calgary Innovation Union will receive $ 6.9 million.

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Schweizer said this was very important in the long run. Most of the Edmonton Network’s funding, or $ 4.1 million, goes to the local organization, Innovate Edmonton. In a news release, Innovate Edmonton said the grant will help local businesses gain free access to their programs and services.

Carrie Nystrom, co-founder of Wash-Bots, a solar panel cleaning equipment business, said the Edmonton Regional Innovation Network will help the company move from intellectual property management and prototypes to patent-pending stages. Said it was helpful. He also connected the company with engineers who helped drive technology development.

Nystrom said the funding for Wash-Bots received from Innovate Edmonton was a game changer.

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Laura Kilcrease, CEO of Alberta Innovates, a state funding agency, said the state’s network is unique.

There is no place where entrepreneurs went and couldn’t get the help they needed, she said.

Central Alberta Regional Innovation Network $ 1.6 million, APEX: Southeast Alberta Regional Innovation Network less than $ 1.8 million, South Alberta Regional Innovation Network $ 1.2 million, East Central Alberta Regional Innovation Network and Grand Prairie Regional Innovation Network 78 It will be 10,000 dollars. Each and the Wood Buffalo Regional Innovation Network are over $ 700,000.

In a news release on Tuesday, the government said that each community has a governance committee that decides how to fund the program, including members of post-secondary agencies, community futures, local economic development agencies, tourism, and entrepreneurs. Said that it has been.

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