CALGARY – The Opportunity Calgary Investment Fund (OCIF) will provide Alberta IoT Association up to $100,000 over two years to support the launch and operation of its Entrepreneur Fast Track Program.
Through this program, 90 companies working with the Industrial Internet of Things (IIoT) are expected to complete an eight-week training cohort. In total, there will be three cohorts per year over two years with 15 high-potential entrepreneurs in Calgary.
The Entrepreneurial Fast Track Program is intended to help established businesses in IIoT to scale up, increase company revenues, gain access to new markets, and increase collaboration between tech sector businesses to create new jobs.
“The intense focus of the Fast Track Program will expedite the advancement of Industrial Internet of Things companies in Calgary and the support from OCIF is instrumental in helping our established IIoT business community succeed in national and international markets,” said Brenda Beckedorf, executive director of the Alberta IoT Association.
Digital Transformation of our industrial sectors is a major focus of the economic strategy Calgary in the New Economy. IIoT is applicable in key sectors, including agribusiness, clean tech/environment, oil & gas, geospatial, digital technology, transportation & logistics, and emerging sectors artificial intelligence and AR/VR.
“The Entrepreneur Fast Track Program aligns with the Talent and Innovation pillars of Calgary in the New Economy and it will help empower our most valuable resource—entrepreneurial Calgarians taking on global challenges,” said Mary Moran, president and CEO, Calgary Economic Development and Chief Executive Officer, OCIF.
Alberta IoT is a Calgary-based not-for-profit organization incorporated in 2017 with 150 members. Its mandate includes advancing IoT in Alberta and positioning the province as the worldwide centre of excellence for the IoT.