UAlberta Facts

Economic Impact

The University of Alberta is the province

 

Tech transfer and commercialization

TEC Edmonton, a joint venture between the U of A and Edmonton Economic Development Corporation, fosters commercialization of research and brings the results of innovation to the benefit of Albertans.

  • Since 2011, TEC Edmonton’s clients have generated nearly $680 million in revenue, raised $354 million in financing and funding, invested $204 million in research and development, grown employment by 25 per cent per year, and created more than 1,520 new jobs in the region.
  • TEC Edmonton has assisted in the creation of 22 spinoffs from the university in the last five years.
  • In 2014, TEC Edmonton was identified by Startup Canada as the Incubator of the Year, and by the Scandinavian UBI University Business Incubator Index as the 10th best university business incubator in the world.