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Innovate Edmonton receives $5 million from City to support accelerators City Council has approved $5 million in funding for Innovate Edmonton, meant to support and attract technology accelerators to the city. The $5 million accelerator fund is in addition to the $5 million per year that has been promised to Innovate Edmonton following its creation as the new provincial innovation entity last year. “Edmonton has a rich foundation on which to build the next generation of business accelerators.”   The new fund aligns with Alberta’s province-wide push for more business acceleration. Last month, Alberta Innovates, the crown corporation for the Government of Alberta that promotes innovation in the province, issued a request for proposals (RFP) for the development of new business and technology accelerators in the region. Up to $25 million in funding is available to the three or more accelerators that come to the province, based on a three-year contract.

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