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A stronger Alberta VC and technology ecosystem profile in the province and beyond
Key Performance Indicator: Total $ invested by AEC funds and syndicate investors into AB companies
Target: $856 million for 2022/23
To measure this outcome AEC reviews a number of factors, including the total private syndicate capital attracted to Alberta companies by AEC funds. This measure has been discussed in previous sections.
During 2022/23 we led and supported initiatives that build a stronger Alberta VC and technology ecosystem profile in the province and beyond.
• 2022 CVCA Invest Canada Conference: AEC’s sponsorship of Canada’s premier event for Venture Capital and private equity investors and stakeholders provides a rare opportunity for global exposure to Alberta’s VC landscape. Held May 24th-27th, AEC had a high-profile presence with several team members in attendance. CVCA held its first-ever live podcasted session organized by Venture Unlocked and hosted by Samir Kaji. The session was streamed globally and invited LP panelists (including AEC’s
CEO) to discuss the growing attention Canada’s tech sector has been receiving,
the trends currently unfolding in the market, and how they see the future as more macroeconomic conditions appear to be shifting. AEC engaged local Alberta funds and emerging managers in Canada’s broader VC and PE community by inviting 6 VCs and community members to attend, including: The51, Accelerate Fund, Flying Fish, Sprout VC, and Alpaca and Thin Air Labs.
• 2022’s C100 48 Hrs & Fellows Program: The C100’s flagship program is an increasingly high-profile event which has invited high caliber competition among ventures across North America to obtain a seat. This year’s cohort took place on May 11th - 12th
and included Calgary-based PurposeMed, which was selected out of over 200 companies nominated. Two other Alberta-based companies, ZayZoon and SmartAccess, were also in attendance. For the third year, AEC’s Director of Industry Development served as a C100 Fellows Selection Committee Member, with a focus upon nominating and championing Alberta startups. The event was attended
by AEC’s Director of Industry Development to support the Alberta founders in attendance and foster relationships that will support Alberta’s ecosystem.
• The C100 Growth Summit: AEC’s CEO and Director of Industry Development attended the 2023 Growth Summit, building valuable connections
and bringing awareness to the quantity and quality of Alberta tech companies. There were several Alberta-based family offices and corporates in attendance.
• Calgary @ Collision: AEC sponsored the Calgary at Collision event held in Toronto which brought hundreds of Alberta entrepreneurs together with dozens of investors from across Canada. The event was well attended, with over 700 guests, and did a wonderful job highlighting the companies and investment opportunities available in Alberta.
During 2022/23 we facilitated discussions between ecosystem stakeholders to identify and address gaps:
• Venture Capital Industry Insight: AEC provided subject matter expertise to municipal, provincial and federal organizations including Calgary Economic Development
(CED), Opportunities Calgary Investment Fund (OCIF), Edmonton Unlimited, Prairies Economic Development Canada, Invest Alberta and others. Discussion items included the makeup of Alberta’s technology companies, and the equity funding gaps that exist in the province.
2022 2023
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