NACO launches programming in Alberta as part of latest push into province
The National Angel Capital Organization (NACO) has launched its programming, focused on increasing access to capital opportunities for entrepreneurs, in the province of Alberta.
The initiative, called Pathways to Capital, represents NACO’s latest push into the province’s startup ecosystem, which has undergone many changes over the last few years.
“The Pathways platform we have created is one that can be replicated in other regions across the country.”
Pathways to Capital is supported by a $500,000 federal government investment, as well as an investment of $100,000 from the Alberta government. Though NACO’s initial focus will be to offer Pathways to Capital in Alberta, it plans for the initiative to be national in the coming months.
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Alberta 2021 budget includes funding for tech sector as part of overall economic recovery plan
The government of Alberta has released its fiscal budget for the years 2021-22, which earmarked some funding for the province’s tech and innovation sector.
The budget set out some of the United Conservative Party (UCP) government’s previously-announced priorities for the tech sector, including optimizing the government’s investment in tech, with a focus on commercialization and job creation. The government also noted its plan to adopt a “smart approach” to innovation in order to make Alberta an attractive and competitive landscape for global high-tech investment.
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Having just raised $55 million at the growing tech firm Symend, company CEO Hanif Joshaghani is setting his sights on both domestic and international expansion.
The Calgary-based software firm opened an office in Australia last fall and is making plans for the business in Latin America and other major markets.
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But Joshaghani expects to drive global growth and much of its new hiring from the company’s headquarters in Calgary.
“I make the joke internally that I can see this company getting bigger than our biggest oil companies. I see a future where we are a top-five biggest tech companies in Canada …that’s what we are driving towards, to build a category leader,” he said in an interview.
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Mary Long-Irwin and Claudio Rojas joined Netnewsledger’s James Murray to talk about the changes.
Long-Irwin will be applying her extensive background supporting the early-stage ecosystem in Northern Ontario to the national stage.
The NACO has thrived in the past, and with Long-Irwin at the helm the group gains some great leadership and insight.
Mary led the Northern Ontario Angels to be named the most active Angel Group across North America and personally received the NACO Lifetime Achievement Award in 2019. Through her strong leadership and ability to recognize the importance of small business development in a wide variety of regions across Canada, Mary has been recognized by NACO for her Northern Ontario successes.