CED fund awards eighth grant; Lighthouse Labs to receive up to $300,000 for tech training program

Vancouver-based Lighthouse Labs has been named the eighth recipient of a grant from the city’s $100 million economic development fund.

Network cables are seen going into a server. ANDREW CABALLERO-REYNOLDS / AFP/Getty Images

Vancouver-based Lighthouse Labs has been named the eighth recipient of a grant from the city’s $100 million economic development fund.

The coding education company, which offers 12-week boot camp-style courses in web development, will receive up to $300,000 from the Opportunity Calgary Investment Fund (OCIF) to accelerate its programming in Calgary. The company already has a satellite campus here and says it aims to achieve a five-fold increase in its number of graduates to 150 annually by 2021.

The grant to Lighthouse Labs is intended to expand the pool of tech talent in Calgary, which is vital if the city wants to take advantage of opportunities in the new economy, Calgary Economic Development said in a release. The training and professional mentoring Lighthouse Labs provides will create a pool of junior web developers to address the growing need for tech talent by local companies across all industries, CED said.

A study for CED earlier this year forecast local companies are planning to spend at least $18.4 billion on digital transformation in Alberta through 2023.

“Tech talent is vital for us to achieve the vision for Calgary in the New Economy and leveraging OCIF to train more people to take advantage of the opportunities is one of the most impactful things we can do for Calgary companies and Calgarians,” said Mary Moran, President and CEO of CED, which administers OCIF.

OCIF was created by city council in April 2018 with the intention of boosting the economy by supporting investments that spur growth and create jobs in strategic sectors. Seven other grants have been awarded so far.