A regional nonprofit organization targeting Alberta’s internet-of-things space this month secured nearly one million dollars in funding toward one of its signature endeavours, the Alberta Science Park.
The Alberta IoT Association garnered $750,000 through the Alberta Innovates Ecosystem Development Partnerships Program, which invests organizations that support technology companies and innovation in the region.
“With a mission to position Alberta as a global leader in IoT and emerging technologies, we have established several impactful programs and platforms designed to amplify innovation, facilitate capital connection, support tech talent, and advocate for a stronger voice in government,” the member-based Alberta IoT states online.
These potentially impactful programs include the launch of Science Park, a virtual platform designed to foster innovation and collaboration between industry and academia.
“Our virtual ecosystem uses machine learning to match industry partners with researchers, assets and academia, enabling innovative solutions to real-world problems,” Alberta IoT explains. “If you’re a company looking to innovate but are missing a particular skill set or access to specialized equipment and facilities, Science Park will find you that perfect match. Similarly, if you or your organization have specialized expertise, equipment, or facilities, Science Park will put you in touch with the people who need them.”
This standardizes matchmaking and collaboration, improves efficiency, sparks creativity through fresh connections, according to the nonprofit.
“Through our programs and platforms, our Alberta IoT team is making substantial strides in nurturing innovation, fostering growth, and supporting emerging technology sectors in Alberta,” the organization posits. “By providing the necessary resources, mentorship, and connections, we work to firmly position the province as a frontrunner in the world of IoT and emerging technologies.”
Another program offered by Alberta IoT is the Fast Track Business Accelerator Program, which is tailored for Alberta-based IoT and emerging tech companies. It’s a 10-week virtual accelerator program that equips scale-up companies with the knowledge and resources needed to take their businesses to new heights.
Featuring 1-on-1 mentorship, the program covers aspects of business scaling, from refining business models to strategic planning, sales strategy, legal considerations and investor pitch practice.
Similarly, the Canadian Market Entry Program is a four-week virtual course designed for scale-up companies seeking to establish a foothold in the Alberta market. Tailored to tech-based companies with a revenue stream, this program is a component of the Start-Up Visa Program and also serves as a stand-alone course for international companies seeking to expand their business into the Alberta market.
Alberta IoT is also one of the 40 official designated organizations for the Government of Canada’s Start-Up Visa Program, offering the Start-Up Visa for scale-up companies looking to establish themselves in the Canadian market.