Alberta Enterprise Corporation (AEC)

Alberta Enterprise Corporation (AEC) was established by the Government of Alberta in 2008. It focuses on promoting the development of the province's venture capital industry by investing in venture capital funds that finance technology companies, particularly those committed to Alberta. AEC has committed C$427 million to forty venture capital funds across various sectors, including information technology, energy, industrial technology, and life sciences. The organization targets North American funds that establish a presence in Alberta and local funds that address critical market gaps, aiming to create a diverse portfolio that matches capital to Alberta deal flow across multiple sectors and stages.