Briefing

Alberta Innovates, Calgary fund to back accelerators with combined $45M

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The provincial agency will allocate up to $25 million over an initial three years to programs focused on early-stage firms, specific sectors and scale-ups. The Opportunity Calgary Investment Fund (OCIF) is also seeking accelerator proposals, with organizations receiving up to $8 million over five years from a pool of up to $20 million. The municipal government-backed initiative is also looking for a fund manager to establish a $15-million fund seeded with $7.5 million in public money. (The Logic)

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