Fast Track Program arms IoT companies with expertise to develop globally

Alberta IoT’s enterprise accelerator to assist second-stage IoT companies scale

CALGARY, AB, April 7, 2021 /CNW/ – Alberta IoT Association (‘Alberta IoT’) is accepting purposes for its spring cohort of the Fast Track Program (‘Fast Track’), a enterprise acceleration and mentorship program that strengthens Alberta’s ecosystem of small and medium know-how corporations, promotes collaboration, and improves entry to produce chain relationships.

Aligned with federal and provincial innovation initiatives, the Fast Track focuses on second stage companies who’ve been in operation for at the least two years with energetic plans to rent and develop globally. Only two per cent of Canadian mid-sized corporations efficiently scale-up into globally aggressive corporations, in response to Innovation, Science and Economic Development Canada. With the precise assist these companies have the flexibility to contribute a further $180-450 million to the Canadian financial system.

“We are an IoT-focused group that has a mission to raise the profile of the innovation sector, align with large industry sectors and help second-stage businesses expand through an ecosystem model,” explains Brenda Beckedorf, Executive Director at Alberta IoT. “We found a gap in the resources available for companies who are positioned to grow and we knew that support for businesses at this stage is critical for economic prosperity.”

The Fast Track employs a various curriculum together with classes on Business Models, Sales & Marketing, Strategic Funding, International Marketing Expansion, Financial Planning and extra. Each cohort begins with eight weeks of dwell enterprise coaching, adopted by a yr of teaching and one-on-one mentorship. To date, Alberta IoT has welcomed 34 IoT companies into this system.

Canada’s full of people who’ve bootstrapped businesses for forever and a day – we’re in the same position – many are growing organically… and then all the sudden you realize you got opportunities to scale-up, and you realize that the bootstrapping is one thing, but then growth, scaling: very different game altogether,” explains program participant, Peter Crawley, President & CEO, PCC Integrate Inc., “and all of a sudden we realized that ‘you don’t know what you don’t know’ until you start challenging yourself and so it was great to be a part of the Fast Track and actually be exposed to some of those things.”

A collaborative ecosystem of distributors, OEMs and repair suppliers is important to digital innovation, particularly for companies in IoT. In response to this want, Alberta IoT goals to strengthen innovation in Calgary and promote ongoing diversification of our financial system by means of its Fast Track.

“We are making headway in bringing this sector together,” says Beckedorf, “we’re raising the profile of the industry leaders we already have in Calgary, attracting attention from large industry stakeholders and demonstrating that Alberta invests in fast growth technology firms.”

Applications for participation within the third cohort of the Fast Track are open. To be taught extra about program programs, facilitators and necessities, go to www.albertaiot.com/fast-track/

ABOUT THE ALBERTA IOT ASSOCIATION

Alberta IoT is a nonprofit group consisting of over 165 member organizations with a vested curiosity within the success of the Internet of Things in Alberta. The Alberta IoT Centre of Excellence goals to determine Alberta because the world chief in Internet of Things and rising applied sciences with a multifaceted strategy that caters to the dynamic nature of the Internet of Things sector, together with recruitment, expertise growth and authorities relations.

For extra details about the Alberta IoT Association, visit the organization website here.

SOURCE Alberta IoT Association

For additional data: MEDIA CONTACT: Ashley Sherlow, Marketing & Communications Specialist, 1-403-714-6302, [email protected], www.albertaiot.com

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