Supporting the Front Lines of Technology-Based Business Across Alberta
17 May 2021
EDMONTON, AB, May 17, 2021 – Alberta Innovates is announcing an additional $3.53 million investment to the Regional Innovation Networks (RINs) in Alberta. The RINs are a network of community-based, collaboratively governed, networks that provide access to entrepreneurial supports to their region. Alberta Innovates provides $4.32 million in funding to the RINs annually. With the top up the RINs will receive $7.86 million for 2021/22.
$3.035 million of the new funding will be divided among the eight RINs to increase supports, identify gaps, and pilot new initiatives targeted at accelerating high-potential, high-growth technology-based companies in all sectors at both the early stage of the entrepreneurial journey as well as the scale-up and growth stage.
$500 thousand of the new funding will be targeted to strengthen the Alberta Innovation Network (AIN) and support Alberta-wide initiatives. AIN is a province-wide collaboration between the RINs which intends to strengthen Alberta’s entrepreneurial ecosystem by sharing assets and delivering programs across the province. AIN will be governed by the eight RINs and will strive for equitable access to programming and network supports.