The visa is designed to fast-track the immigration process for university graduates promising to start companies in the province. The $75 million is going to offices the province has set up in other countries to boost their marketing efforts and help them bring investment to the province. (BetaKit)

Talking point: The new initiatives follow The Logic’s report that Wattpad picked Halifax over Calgary, citing Wexit and provincial tech policy. The startup visa program is similar to one in Quebec that has brought in a significant number of workers. The budget also highlighted the government’s desire to grow its angel-investing sector, following the National Angel Capital Organization setting up shop in Calgary. The tech sector is still facing its fair share of cuts, however. The province is cutting about $11 million from the budget of Alberta Innovates, the province’s research and development hub, which laid off about 125 people in November 2019 after earlier cuts. More structural changes could come from an advisory council formed post-Wattpad snub to attract more investment. That group was supposed to deliver its report today, but it looks like that may now be delayed.