Edmonton's startup ecosystem looks forward to more gatherings and investment growth in 2022
By
Emily Rendell-Watson
in the
Tech Roundup
Edmonton's startup community is expecting 2022 to offer more clarity for the ecosystem, a surge of grassroots gatherings and initiatives, and opportunities to build upon successes from 2021.
Last year brought a variety of changes, including the establishment of Innovate Edmonton, the end of TEC Edmonton, leadership changes at Startup Edmonton, a new mayor, and a more diverse and progressive city council. As the full effects of those changes come to fruition, the startup community will continue to build while navigating pandemic conditions.
"In many ways, the past two years have made the world smaller," Ashlyn Bernier, COO at samdesk, told Taproot. The company raised a Series A funding round without one in-person meeting to facilitate the process.
"Prior to 2020, that would be unheard of," Bernier said. "Now, the market for investment and talent for Edmonton companies has expanded drastically — our geographic isolation has held us back in the past, but I believe 2022 will further demonstrate that it's less about where you are and more about what you're building."
She's also looking forward to a return to in-person events as the local innovation community grows.
"One of the things I love most about this community, and miss, is that we truly enjoy spending time together and learning from each other," Bernier said, adding that in-person interactions would "facilitate deeper and more meaningful community engagement and consultation."
Zack Storms, co-founder of Startup TNT, agrees that gathering once again will be a highlight, despite the fact that the Omicron variant may put a damper on local events in early 2022.
The YEG Startup Community Awards will be back in May, and Edmonton Global is organizing an economic showcase event in March. The Alberta Machine Intelligence Institute will also be hosting its first AI Week in the spring. Plus, a large contingent of local startups plans to travel to the Uniting the Prairies conference in Saskatchewan and Inventures in Calgary.