Canada

Calgary

Activation Phase
MEMBERS:
Platform Calgary Calgary Economic Development

Calgary has an abundance of entrepreneurial ingenuity, talent, and community connectedness to harness innovation and transform our industrial capacity as we become a leader in the New Economy.

Alice Reimer
Ecosystem Leader | Co-Founder, The 51 | CEO, Fillip | Site Lead, Creative Destruction Lab - Rockies

Sub-sector Strengths

Cleantech

Calgary, the corporate headquarters of Canada’s energy sector, is home to 118 of the nation’s largest companies, many acting as first customers to startups and partners in technology development. The Clean Resource Innovation Network secured $100 million in government funding to leverage private investment. The Creative Destruction Lab (CDL) accelerator has a dedicated stream for energy startups. The 16 recent CDL graduates raised $23 million in seed funding. Foresight and Platform recently launched a new cleantech venture accelerator in Calgary.

Life Sciences

Calgary is home to more than 110 Life Sciences companies, with leading facilities and health services, including the international microbiome lab, UCalgary’s Life Sciences Innovation Hub for research and commercialization, and soon the largest cancer hospital in Canada. In 2019, Calgary-based Parvus Therapeutics signed a $1 billion deal to develop and commercialize revolutionary new drugs for autoimmune disease.

Why you should invest in Calgary

TOTAL EARLY STAGE FUNDING
$104 m
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$1.2 bn
GLOBAL AVG.
$10.5 bn
Top 10 North American Ecosystem
Affordable Talent
Top 20 North American Ecosystem
Bang for Buck
1
Exit Growth
INDEX
3
Investor Activity
INDEX
8
Funding Growth
INDEX

Reasons to move your startup to Calgary

MEDIAN SEED ROUND
$600 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$1 m
GLOBAL AVG.
$2.7 m
SOFTWARE ENGINEER SALARY
$58 k
GLOBAL AVG.
$42.1 k

Livable and Tech-Savvy

In 2019, Calgary was named the most livable city in North America and the 5th most livable in the world by EIU. Calgary is investing in digital transformation via a $30 million school for advanced technology at SAIT. Calgary is the ideal place for ambitious startups embracing open immigration with a special Startup Visa Stream that offers fast-track processing.

COVID-19 Policy

All three levels of government are supporting Calgary Startups and SMEs via payroll support, property tax deferrals, and commercial lease payment relief. Federal funding of $250 million was directed to tech companies via the Innovation Assistance Program, and additional credit or cash flow financing options. A direct government procurement platform allows SMEs to pivot operations to COVID response.

Startup Community

Startup Genome
Members

Startup Genome
Partners

A100
Alberta Enterprise Corporation
Alberta Innovation Corridor
Bow Valley College
Calgary Innovation Coalition
Creative Destruction Lab - Rockies
Innovate Calgary
Mount Royal University, Institute for Innovation and Entrepreneurship
National Angel Capital Organization
Rainforest Alberta
Southern Alberta Institute of Technology (SAIT)
Startup Calgary
University of Calgary, Hunter Hub for Entrepreneurial Thinking
Venture Capital Association of Alberta

Featured Articles from
Local Ambassadors

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