With its reputation growing as a hub for technology in Canada, the city of Edmonton is looking at ways to make the city even more tech savvy. In recent years, Edmonton has been funding the EEDC, which stands for the Edmonton Economic Development Corporation, and is a not-for-profit agency. “Edmonton has a tremendous opportunity to continue to build on the strengths of an active and creative entrepreneurship ecosystem by creating a purpose driven innovation entity,” the city said.
“This entity will support the ecosystem with focused programs and services and a funding mechanism. The work of this entity will be even more important in a post-COVID world where innovation and diversification are key to a more resilient local economy.” The report mentioned that because of the layoffs that came as part of the COVID-19 pandemic, Edmonton Innovates could provide local entrepreneurs with ways of staying ahead of the curve and keep their businesses running with employees keeping their status.
Maggie Davison, the CEO of the EEDC says that the plans moving forward will help the city’s economy continue to grow through innovation. “We are developing a strategy that will support Edmonton’s economic growth goals, using our expertise in tourism, and both the Edmonton Convention Centre and Edmonton Expo Centre, to drive significant economic impact for our community,” she said.
“We want to make sure, as we work with our partners and stakeholders, that we set Edmonton up for success when the time comes to relaunch activities to welcome travellers and host events at our venues,” she continued. There will now be $5 million set aside to enhance the technological infrastructure in Edmonton, hoping to innovate more and capitalize on the many great industries that the city has to offer. “Our city’s innovation ecosystem has been under the microscope for long enough,” said Mayor Don Iveson. “It’s now time to push ahead and send a signal to this community, its funders and entrepreneurs.”