A shared vision and strong partnerships in place

Edmonton is a city where innovation thrives and people work together to get things done. Stakeholders from across Edmonton’s health industry sector have united to demonstrate the power and strength of our city’s robust health assets. We are working to identify and remove barriers that stand between innovation and the marketplace and we are actively seeking partnerships and multi-stakeholder economic development opportunities that bolster Edmonton’s health innovation cluster. United by a shared vision, Edmonton’s health industry and health innovation sectors are changing the way that business gets done here.

Established assets and a strong health industry cluster

Edmonton has a strong base of activity in the health and life sciences sector and is home to more than 50% of Alberta’s life sciences companies. With world-class researchers, medical facilities and post-secondary systems, we have a diverse mix of health-related businesses and start-ups.

Low cost business environment

Edmonton has some of the lowest costs of doing business in Canada. It was ranked by KPMG as having the 2nd lowest business costs among North American cities with populations between 1-2 million in 2016. With low personal and corporate tax rates and the absence of an Alberta sales tax, Edmonton is a great place to do business.

Established economic development organizations and innovation incubators

Edmonton boasts some of Canada’s most innovative and respected economic development organizations and incubation programs, including: The Edmonton Economic Development Corporation (EEDC), Start-up Edmonton, and TEC Edmonton (TEC) and the TEC Edmonton Health Accelerator.

A highly skilled talent pool

Edmonton’s post-secondary sector provides a platform for a growing health innovation sector. With one of the largest pools of highly skilled labour in the country, the province has the highest proportion of people employed in natural and applied sciences and related occupations in Canada. In addition to being a conduit for talented people and the base of a skilled workforce, they also are an enabler of research which serves as a pipeline of invention, discovery and ideas from some of the world’s best and brightest.

The largest healthcare system in Canada

Edmonton is the headquarters of Alberta Health Services (AHS), making it a strategic location for health-related companies to locate in Alberta. AHS is Canada’s largest province-wide, fully-integrated health system. It is responsible for delivering health services to over four million Albertans and has an annual operating budget of $14.3 billion.

Check out some of the resources in Edmonton that can help you get started.

In the world of health innovation, Edmonton is leading the way.

Edmonton is a medical research powerhouse and home to world-class researchers, medical facilities and post-secondary systems. With a well-connected ecosystem that supports talent and growth, we are a hub for health innovation. Edmonton is city where entrepreneurs can thrive and where innovators can create and grow. When a new technology, a creative treatment, or a different approach is discovered, we make it happen.

Watch our video about three Edmonton-based innovators who understand the power of the health ecosystem in Edmonton.

Share This