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EDMONTON — Alberta’s government has unveiled an updated technology and innovation strategy aimed at boosting jobs, increasing access to capital and accelerating the commercialization of research.
The Alberta Technology and Innovation Strategy 2.0 builds on the original plan launched in 2022, which has supported more than 8,200 jobs and helped attract over $2.1 billion in private investment.
Technology and Innovation Minister Nate Glubish said the updated strategy is designed to strengthen Alberta’s position as a destination for innovators and investors by expanding financial tools and support systems for local companies.
Key changes include allowing Alberta Innovates and the Alberta Enterprise Corporation to take minority equity stakes in Alberta-based technology firms, giving startups greater access to provincial investment and reducing reliance on outside capital.
The strategy also includes the creation of a new Alberta intellectual property office within Alberta Innovates, aimed at helping researchers, entrepreneurs and post-secondary institutions bring innovations to market and protect their work.
Officials say the plan will focus investment in sectors where Alberta has established strengths, including artificial intelligence and emerging digital technologies, health and life sciences, advanced materials and aerospace, agriculture, and natural resource development.
The province is maintaining its target of creating 20,000 jobs and generating $5 billion in annual revenue for Alberta technology firms by 2030.
Data from the Canadian Venture Capital and Private Equity Association shows Alberta attracted $698 million in venture capital across 84 deals in 2024, followed by $465 million across 73 deals in 2025.
The government says the updated strategy is intended to build on that momentum while improving access to capital for companies looking to scale.
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