Alberta tech companies grew 48 pct in past four years: AEC

A report by Alberta Enterprise Corp (AEC) said Alberta's innovation sector has grown significantly of late. The 2016 Deal Flow Study found that technology companies based in Alberta, which currently total 1,373, grew 48 percent over the past four years. It also found that one in five technology companies have more than $1 million in annual revenue, while one-third of the total have raised financing from venture capital firms and other investors. AEC said the improved conditions are due to an increasingly mature technology market in Alberta.

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