Technology and Artificial Intelligence is a sector that has proven that it can be an economic driver and create jobs for Albertans. Employment in Alberta’s technology sector grew by 25 per cent in 2020. This puts the technology sector in a rare position as one of the few sectors in Alberta’s economy that continues to grow, and create jobs despite the pandemic and economic decline.
Globally, the technology and Artificial Intelligence (AI) industries are showing enormous growth potential. As the world moves toward a knowledge-based economy,innovation and technology are increasingly becoming key factors in value creation. Alberta has the building blocks in place to be a leading jurisdiction in research and development. We can attract new tech companies, invest in training and post-secondary excellence, and the development of patents. We can create much-needed jobs by leveraging our skilled workers and existing specialized knowledge in energy, renewables, medical research, and agriculture and agribusiness in order to diversify, innovate, and grow our economy.
Alberta’s NDP is committed to ensuring that Alberta is once again a competitive destination for these investments by creating the best possible innovation environment that will attract new business and grow the industry here at home.
Our proposals are aimed at supporting Alberta start-ups throughout the entire timeline illustrated above. As companies move across the timeline their ability to raise capital increases. A secure funding environment must be in place in order to retain the most promising and innovative companies, support job creation, and further diversify Alberta’s economy.
- Establish the Alberta Venture Fund
- Grow and Modernize Alberta Enterprise Corporation
- Attract a Global Accelerator
- Reinstate the Alberta Investor Tax Credit
- Establish a Dedicated Research & Development Fund
- Invest in Applied Research in AI
- Create a Competency Centre for Digitalization
- Reinstate the Digital Media Tax Credit
Alberta’s tech and AI sectors have enormous potential to create jobs and grow our economy but they need consistency and certainty when it comes to support for their area. Together, we can harness these strengths to create and expand on innovative made-in-Alberta technologies that are needed on the global stage - Rachel Notley