Feds, province announce $37 million for startups and clean tech

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Clean energy and Calgary tech startups are getting a $37 million boost from federal and provincial governments.

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On Thursday, Prairies Economic Development Minister Dan Vandal announced $22 million for 13 local startup businesses to further their development and expansion and an additional $2 million for Platform Calgary to help complete the development of the interior of their $20 million facility. The funding is expected to create more than a 1,000 jobs in southern Alberta.

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“The level of innovation and energy and creativity that is here is impressive,” said Vandal. “My role as minister of PrairiesCan is to work with industry, to work with governments to create jobs, to diversify the economy. We know that Alberta and Saskatchewan and Manitoba are energy provinces, and they always will be, and we need to work on cleaner, sustainable energy solutions while engaging with the industry and the workers themselves and the governments.”

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Also on Thursday, in a separate announcement, Jobs, Economy and Innovation Minister Doug Schweitzer announced $13 million from provincial coffers to support 22 projects through Alberta Innovates. Thirteen projects are receiving $3.4 million through the Digital Innovation in Clean Energy (DICE) program and the remaining $9.6 million will go to nine projects through Clean Resources business unit.

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The funding for these projects is expected to help create more than 1,900 jobs in five years.

“Technology is driving innovation in every industry,” said Schweitzer in a press release. “Alberta entrepreneurs and researchers are creating the solutions that move Alberta — and the world — forward. Each project supported through this funding will help us double down on Alberta’s role as a responsible and secure supplier of energy.”

More to come …

Twitter: @JoshAldrich03

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