In any economy, the creation of a bio venture is a complex process. Choosing where to incubate your concept, or expand an established company is a crucial decision. There are many reasons why you should choose Alberta!
A Flourishing Bioindustry
Alberta is already home to more than 200 life science companies with more than $1 billion in revenues and 4,600 employees.
Of these, about 20 companies are working in industrial biotechnology and bioprocessing, or in the bioindustrial space - including agricultural biotechnology, natural health products, functional ingredients, environmental biotechnology.
The BioEconomy Alberta team is a unique collaboration of government, universities and industry partners working together to grow and sustain a thriving bioindustry.
Alberta has invested heavily in infrastructure to ensure people and companies have access to the tools they need to succeed.
Alberta believes a government’s traditional role of funding infrastructure for public use is critically important for continued growth and sustainability.
Alberta also believes a solid financial and tax infrastructure is important to attracting, building and ensuring stable economic growth and business success.
Alberta has renewable biomass resources which includes more than 106 million acres of forest and 52 million acres of agricultural land.
Numerous sources of funding fuel research, development and commercialization in Alberta to attract and strengthen venture capital investments in the province.
Researchers in Alberta have access to and have created some of the most globally relevant technology in the world. They are housed at leading-edge universities and research institutions with scale-up and commercialization capacity.