Alberta houses 11% of Canada’s population. It also houses 31% of Canada’s billion-dollar companies.
This is one of the key findings of a study released by the Centre for Digital Entrepreneurship and Economic Performance. The study found Canada has 169 billion-dollar firms, 52 of which are based in Alberta. That’s nearly 3.2 times as many billion-dollar firms per capita than Ontario.
Not surprisingly, 41 of those 52 Alberta billion-dollar companies are in the energy and natural resources sector, accounting for 82% of all of Canada’s billion-dollar companies in that sector.
The report did not include Shopify or HootSuite, which are not traded publicly but were recently valued at over $1 billion each by The Economist.
The report was authored by Anthony Williams, co-founder and president of the DEEP Centre and co-author of the international bestseller Wikinomics and its follow-up MacroWikinomics; Dan Herman, co-founder and executive director of the DEEP Centre and a PhD Candidate at the Balsillie School of International Affairs; and Dr. Warren Clarke, a Senior Research Associate at the DEEP Centre.