Alberta’s tech sector is growing and creating jobs
22 Apr 2021
These are two findings in the Alberta Enterprise Corporation’s 2021 Alberta Technology Deal Flow Study that reveals the number of technology companies in the province has more than doubled since 2012. The majority – 58 per cent – are located in Calgary, 30 per cent are in Edmonton and almost 13 per cent are in other regions of the province.
Alberta’s technology industry is showing signs of maturity, with almost 40 per cent of local tech companies surveyed exceeding revenues of $1 million, a 66 per cent increase since 2018. Over the last two years, the number of companies with 25 or more employees has increased from 13 per cent to 25 per cent. Fourteen per cent of those companies were founded in 2020.
“It’s great to see more than double the number of companies identified in the 2021 study. Alberta’s tech sector is maturing rapidly and it is now a real driver of employment and diversification. We don’t just want to be a player in Canada’s tech space – we want to become a dominant player going forward.”
Doug Schweitzer, Minister of Jobs, Economy and Innovation