In April 2016 the City of Edmonton announced a new initiative to prioritize health innovation and build Edmonton as “Canada’s Health City”. The strategy aims to: create an ecosystem that attracts, retains and supports health-related talent; increases access to capital for health-related projects; and accelerates commercialization of health technology and research created in Edmonton.
With Alberta Health Services (AHS) headquartered here, Edmonton is a strategic location for health-related companies to locate. AHS is Canada’s first and largest province-wide, fully-integrated health system, responsible for delivering health services to the over 4 million people living in Alberta with an annual operating budget of $14.3 billion.
The total healthcare expenditure in Alberta was $21.7 billion in 2017. This equated to $5,012 per person annually – the second-highest per capita spending on healthcare in the country.
of all Albertan Life Science companies
healthcare spending in the country
specialized health programs at the University of Alberta
Edmonton’s economy, talented workforce, significant military presence, unified healthcare infrastructure & government investment is an ideal landscape, positioning the region as an industry leader.
Edmonton has several specialized hospitals and leading health research institutes. The majority of these are connected to the University of Alberta’s Faculty of Medicine and Dentistry, a top-100 ranked global medical school that has 19 different departments offering degrees at the master’s and PhD level.
The University of Alberta’s research specialties include cardiology, virology, oncology, and organ transplantation.
Overall, Edmonton is a centre for medical device research and commercialization. The presence of AHS provides an incredible advantage for companies looking to test their products in a fully-integrated and data rich market.
Additionally, Edmonton has many important assets set up to assist entrepreneurs in this industry, including TEC Edmonton’s Health Accelerator (ranked as the top business incubator in North America), the Edmonton Research Park, and the Glenrose Rehabilitation Research, Innovation & Technology Hub.