The Alberta government says it is providing more than $13 million to support emerging technology companies, including a promise to build a new digital health center at the University of Alberta.
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Technology and Innovation Minister Nate Glubish made the announcement on Tuesday, August 22, saying it shows Alberta remains among Canada’s tech leaders.
“There continues to be great momentum in Alberta and we are doing really well compared to the rest of the country,” Glubish said of the funding.
“(It) will continue to help maintain that momentum by ensuring that more and more great research projects coming out of our post-secondary institutions can be commercialized, transformed from research projects into full-fledged companies, and eventually serve real customers and sell real technology.”
The money comes from Alberta Innovates’ Ecosystem Development Partnership program and will be distributed among 19 partners, who will have up to 36 months to implement their projects. Projects range from the Alberta Science Park by Alberta IoT to the Center for Neuro-Engineering Solutions at the University of Lethbridge.
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“There’s no better time than now to get involved in tech in Alberta. We know the importance of ensuring the right support for small and medium-sized technology companies to help them 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 said in a release.
The funding includes $1.8 million dedicated to Smart Technology Innovation, which says it will use the funds to create “a cluster for digital and health technology product development and validation” at the U of A, and from this project It is also expected to attract global investment and talent. for the province.
“ST Innovation is pleased to receive support from the Ecosystem Development Partnership Program. This funding will allow us to use our state-of-the-art facilities, skills and resources to advance Alberta-based digital health technologies, making innovations from concepts to prototypes and through validation to market fit and suitable for additional investment Can be made , manufacturing and upgrading,” said Vivian Mushaver, director of smart networks and ST Innovation. ,This gives the health technology ecosystem in Alberta significant potential to explode onto the national and international scene.