Alberta Enterprise Corporation Accelerate Fund IV
Provincial Crown corporation early-stage co-investment fund providing up to $500,000 to Alberta tech startups in life sciences, AI, and digital transformation.
About this program
Alberta Enterprise Corporation (AEC) launched Accelerate Fund IV in December 2024 with a $15 million anchor commitment ($25M target), managed by Yaletown Partners. The fund provides early-stage co-investment of up to $500,000 to pre-seed and seed-stage Alberta technology startups in life sciences, digital transformation, and AI. Accelerate Fund co-invests alongside angel investors on the same terms (angels must invest equal or greater amounts). Since 2012, Accelerate Funds have backed 46 Alberta companies including DrugBank, Helcim, StellarAlgo, and Userful, with $1 of fund capital attracting $10 of additional investment.
Eligibility
Alberta-based private technology companies with proprietary technology; some customer traction and revenue; majority of employees in Alberta; pre-seed or seed stage; raising a co-investment round with angel investors.
Requirements
- Alberta-incorporated tech company
- Proprietary technology with IP
- Customer traction and early revenue