Spotlight on Alberta 3.10
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BY NAT I ONA L ANG E L CA P I TA L ORGAN I Z AT I ON
A lberta has all the ingredients to emerge as Cana- da’s epicentre of risk capital and has a history of producing world-class companies in high-growth indus- tries. The COVID-19 pandemic and the ongoing down- turn of the natural resources sector in Alberta forced all businesses to re-evaluate their markets, risks, and prior- ities. However, there are encouraging signs in the local tech startup ecosystem that build on recent growth and successes in the province. Several startups are well-po-
sitioned to meet the current challenges head-on, while others are recalibrating to new metrics and constraints by pivoting to different models. We can find opportuni- ties in crisis and see encouraging support through the establishment of new government programs and the emergence of new resources from all sides of Canadian tech.
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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