Page 51 - InvestAlberta-EDA-2025

TECHNOLOGY
& DATA
Alberta is a global tech hub home to nearly
3,000 tech firms, where innovation thrives
and big ideas take root. The province’s AI
and machine learning ecosystem attracts
top talent and industry leaders, driving
breakthroughs in advanced solutions. As
Alberta is growing, with net migration to the province at 181,658
in 2023. And the province is attracting talent in technology —
around 100,000 Albertans currently work in tech.
Alberta’s largest city, Calgary, is especially attractive for start-ups,
ranking in the top 50 for the world’s emerging start-up ecosystems.
Organizations like Platform Calgary and the Opportunity Calgary
Investment Fund support the growing start-up culture in the city,
investing $82.5 million across 31 different projects.
And the companies here are thriving — fintech firm Neo Financial posted
154,022 per cent revenue growth from 2020 to 2023, and was ranked
first in the Deloitte Technology Fast 50 in 2024. Calgary’s tech sector is
maturing: Forty per cent of companies in the tech sector have revenue
of over $1 million. Once a province of early-stage start-ups, Alberta is
establishing itself as a major player in the broader tech market.
With strong investments in the sector, Alberta is set to surpass $20
billion, a forecast of 13 per cent year over year growth. The province is
open for business and ready for more investment.
digital demands grow, data centres have
become essential, and Alberta’s unique
advantages — reliable power, land availability
and competitive tax rates — make it an ideal
choice. Invest Alberta is leading the way
in attracting major investments, including
eStruxture’s $750 million, 90-megawatt data
centre in Rocky View County. This facility,
Alberta’s largest to date, signals to global tech
firms and hyperscalers that Alberta has what
they need.
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