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2019 Global Startup Ecosystem Report positions Edmonton as a leader in Canadian entrepreneurship

Edmonton’s startup ecosystem reputation continues to rise through global rankings, reports, and conference opportunities

The 2019 Global Startup Ecosystem Report (GSER), launched today at The Next Web Conference, is the world’s most comprehensive and widely-read research on startups and is based on data from thousands of startup founders and research on millions of companies. Edmonton’s participation, led by Innovate Edmonton, a division of Edmonton Economic Development, benchmarks the city against more than 50 ecosystems globally. GSER is one of many opportunities pursued by Innovate Edmonton to showcase the local innovation ecosystem on a global stage to create momentum for tech companies to grow rapidly. Download the report at startupgenome.com/gser2019.

Edmonton’s GSER 2019 highlights:

  • Top 5 Activation Ecosystem for Market Reach
  • Top 5 Activation Ecosystem for Talent
  • Investor and R&D tax credits are cited as reasons a startup should move to Edmonton
  • Regional sub-sector strengths in Life Sciences and AI, Big Data & Analytics

“This report highlights Edmonton’s strengths as an innovation hub and presents the data-backed opportunities we have for investment. Just yesterday, in my yearly State of the City address, I stressed the huge resource of skilled talent our major post-secondary institutions deliver. These young minds are going to help propel our economy forward and make our industries more competitive in the global marketplace. The GSER showcases Edmonton’s innovative success and the urgent need for collaboration, across all sectors, to build on this momentum.” – Mayor Don Iveson

“As our economies transition to the fourth industrial revolution, we — communities driving the global startup revolution — have a major role to play,” said JF Gauthier, Founder and CEO of Startup Genome. “Not only can startup ecosystems act as the top engine of job creation and economic growth, but our startups can also help solve many of our society’s biggest challenges including climate change and inequality.”

The GSER builds on the recent StartupBlink 2019 Ecosystem Rankings Report in which Edmonton moved up 30 spots from 2017 for a Top 100 Ecosystem ranking. The report noted Edmonton, with nearly 400 tech companies, as one of Western Canada’s most dynamic startup ecosystems. It’s no surprise with the University of Alberta ranking third best in the world in machine learning research, that Edmonton boasts homegrown companies that excel in applied artificial intelligence and machine learning, as well as augmented and virtual reality, health-tech, and big data.

“We’ve been quietly leading the way as a tech and innovation city for a while and the world is starting to take notice. Our local companies deserve this recognition; their talent and ideas are making impacts locally and globally; and they are receiving significant funding and financing to fuel their growth, including $13M by Scope AR and $9.2M by OneSoft in the last six weeks alone,” said Cheryll Watson, Vice President, Innovate Edmonton. “We are in competition with the world and we can’t afford to fall behind. We know our strengths and now is the time for strong partnerships, investment in our own backyard, community alignment, government support and vocal leadership to secure our success.”

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In 2019, Innovate Edmonton continues to leverage word-class conference opportunities as global channels for local startups and scaling tech companies to pursue investment, connect with talent, and seek customers. In April, business leaders from across Canada were exposed to Edmonton innovation at SingularityU; from May 21 – 23, Edmonton will have a major presence at Collision in Toronto, North America’s fastest growing tech conference, with local companies joining on the delegation as ALPHA and BETA program participants; and on June 5 – 7, the the city will be showcased as a sponsor at Inventure$ Alberta’s growing global tech conference.

Innovate Edmonton collaborates to create the best possible environment for technology innovation and tech-enabled startup and scaleup company growth in Edmonton. This is achieved through delivering programs that support the creation of new business, the acceleration of high potentials and the engagement of the community. Learn more at edmonton.com/innovate.

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ABOUT US  
Innovate Edmonton
brings together and supports our city’s most driven tech sector entrepreneurs and visionaries. We are a division of Edmonton Economic Development Corporation (EEDC) charged with Edmonton’s economic growth and diversification. Our purpose is to help you bring your groundbreaking ideas to market – whether you are a startup or a high-potential scaleup – by bringing the right people, resources and funding together specific to your idea. Innovate Edmonton manages the Advanced Technology Centre, Startup Edmonton, and the relationship with TEC Edmonton – a joint venture between the University of Alberta and EEDC, as well as the Edmonton Made program and Innovate YEG platform. For more information, visit edmonton.com/innovate.

Edmonton Economic Development Corporation is a unique model in Canada; a multi-divisional, multi-location arms-length agency of the City of Edmonton, aligned through unified purpose, vision, and values. EEDC’s operating and governance model is scalable, creating a platform for economic development initiatives that can be started, matured, and exited as required. This unified approach, founded on principles of scalability, adaptability, and leveraging public assets, means that Edmonton can move faster on new initiatives and take on bigger risks all for the single purpose of growing our economy. EEDC manages six divisions; Edmonton Tourism, Edmonton Convention Centre, Edmonton EXPO Centre, Innovate Edmonton and Enterprise Edmonton. For more information, visit eedc.ca.

Startup Genome works to enhance startup success and ecosystem performance everywhere. Our mission and impact are rooted in over a decade of independent research with data on over a million companies across 150 cities. Working side-by-side with more than 300 partner organizations, our frameworks and methodologies have become instrumental in building foundations for startups to grow. Our efforts earned us the Research Champions award at the Global Entrepreneurship Congress 2019. Many of the world’s leading governments and innovation-focused organizations have joined our knowledge network to cut through the complexities of startup ecosystem development and fuel sustained economic growth. Considered the new science of startup ecosystem assessment, we point to key gaps in startup ecosystems and prioritize actions to take in addressing them. Together with global thought leaders, we define robust strategies and implement programs to drive lasting change. Join us and boost startup success, economic growth, and job creation in your region. Follow our work at startupgenome.com.

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StartupBlink is the world’s most comprehensive map and research center of startup ecosystems. It supports local organizations in developing and promoting their ecosystem. Its global startup ecosystem map and research center has tens of thousands of registered startups, coworking spaces, and accelerators, while its platforms have around 10,000 monthly visitors, in addition to 90+ active local startup chapters, with over 40,000 members around the globe. Once a year, it releases the world’s most comprehensive startup ecosystem rankings with over 120 countries and 950 cities ranked. For more information and to download the report, visit startupblink.com.

For interviews and further inquiries, please contacts us:

 

Alex Hryciw

Stakeholder Relations Manager, Innovate Edmonton

ahryciw@Edmonton.com

M: 780-271-4641

 

Dane Stangler

President & Chief Policy Officer, Startup Genome

dane.stangler@startupgenome.com

WhatsApp: +1-913-634-4476

 

Tricia Whitlock

PR, Marketing & Comms, Startup Genome

Tricia@startupgenome.com

+1-770-561-1701

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