Four Alberta-based incubators receive combined $1.5 million in funding

Four Alberta-based startup incubators are getting a financial boost to foster innovation and entrepreneurship in the province.

Northern Alberta Business Incubator (NABI), Startup Edmonton, TEC Edmonton, and the Northern Alberta Institute of Technology (NAIT) are receiving a $1.5 million grant over a two-year period from the Alberta Entrepreneurship Incubator Program.

NABI said the funding will provide Edmonton’s innovators and entrepreneurs access to more programs, resources, and support to turn their ideas into viable businesses.

For NABI specifically, the funding will allow the incubator — which provides access to office spaces, marketing resources, mentorship, and capital — to engage twice as many entrepreneurs and also provide increased access to programming and services.

“At NABI, we believe entrepreneurs and small business owners are the driving force that will lead us through this transition and build our economy back up,” said Aaron Budnick, program director at NABI. “For 28 years, NABI’s goal has been to help Alberta’s entrepreneurs discover what they need to develop successful, sustainable businesses; now more than ever their success is tied to our province’s future well-being, which is why this funding is so important.”

Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.