Avenue May/June 2023

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TURNING INNOVATION INTO OPPORTUNITY Innovative ideas are just that – ideas. Until they have the right kind of backing to make them a reality. Enter the Opportunity Calgary Investment Fund (OCIF). Established in 2018 by the City of Calgary to attract investment, drive innovation and stimulate economic development in our city, it gives innovators the launch pad they need to take flight. To date, OCIF has made 25 investments, including the University of Calgary’s Life Sciences Innovation Hub, Plug and Play, Movement51, and Avatar Innovations, that tackle global challenges. And people are taking notice. After all, there’s a reason the word “opportunity” is in OCIF’s name. By supporting public and private investments that help grow Calgary’s economy, it’s creating opportunities for everyone to reach new heights.

funding committed

individuals trained

25 500

beneficiaries

companies created/scaled

2,900+ ~575,000

high skill jobs created and retained SQ FT

$76.5M ~2,700

office/industrial space absorbed

Learn more at opportunitycalgary.com 28

may/june 2023


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