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Alberta’s Aerospace Industry Soars with Over $4.3 Million in Federal Support

November 5, 2024 by Newsdesk Leave a Comment

Alberta’s aerospace and aviation sector is gaining momentum as a key player in economic diversification, thanks to a fresh $4.3 million federal investment. With over 500 small- and medium-sized businesses in the field, Alberta’s aerospace industry supports thousands of jobs and is increasingly essential to the province’s economic landscape.

The funding announcement, made today by George Chahal, MP for Calgary Skyview, on behalf of the Honourable Dan Vandal, Minister for PrairiesCan, underscores the Government of Canada’s commitment to advancing innovation and competitiveness in Alberta’s aerospace sector.

Among the initiatives supported by this investment, the Alberta Aviation & Aerospace Council will organize the Alberta Aerospace and Defence Conference, set to debut in Calgary in 2025 before moving to Edmonton in 2026. This event aims to connect Alberta’s small businesses with global defense procurement and investment opportunities, creating an in-person forum for networking and collaboration. Additionally, a mentorship program by Elevate Aviation will receive funding to provide underrepresented groups in the industry with mentorship, networking, and professional development opportunities, addressing the industry’s growing demand for skilled workers.

A significant portion of the funding—over $1.4 million—has been allocated to the Southern Alberta Institute of Technology (SAIT) to establish an aerospace composite materials laboratory. The new lab will feature advanced manufacturing and testing equipment to support innovations in aircraft materials that can improve performance while reducing environmental impacts, contributing to the country’s vision for a sustainable aviation sector. Meanwhile, Sturgeon County will use its funding to produce a report and ecosystem map, which will serve as a valuable resource for identifying local suppliers and strengthening the province’s aerospace supply chain.

Finally, UVAD Technologies Inc. has been awarded $2.6 million to develop and commercialize an electric fixed-wing uncrewed aerial vehicle (UAV). This project could position Alberta as a leader in sustainable UAV technology, a sector that holds promise for applications ranging from environmental monitoring to defense.

These projects are collectively expected to benefit over 330 small- and medium-sized businesses, creating more than 360 jobs across Alberta. They are also aligned with the Government of Canada’s Framework to Build a Green Prairie Economy, reinforcing Alberta’s role in a sustainable, net-zero future for the Prairie provinces.

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