Ecosystem Spotlight: Alberta Tech Is Striking Gold

Less than a decade ago, Alberta’s global reputation had little to do with its tech ecosystem. But according to Joe Timlin, Managing Director at CIBC Innovation Banking, the province is quickly emerging as a key destination for investment and impact.

“We’ve just seen the ecosystem mature to the point where a number of name brand venture capital and private equity firms have done their first investments in Alberta, and now I think they’re eager to do more after seeing the opportunity set there,” Timlin told BetaKit.

Once known primarily for its oil and gas industry, Alberta now boasts an impressive network of more than 3,000 tech companies. This growth, coupled with an influx of global capital and a burgeoning reputation in artificial intelligence, is increasingly putting Alberta on the tech map.

To Timlin, it shows signs of a tech ecosystem that, while still young, has what it takes to hold its own in the global tech arena.

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