CALGARY, AB, November 16, 2023 /CNW/ – Opportunity Calgary Investment Fund (“OCIF”) is positioning itself Calgary Take advantage of new opportunities in digital media and entertainment art by investing up to $5.5 million to the Calgary Entertainment Arts Production Hub (“CEAPH”) at Bow Valley College.
“Disruptive technologies are changing the way content is produced, distributed and monetized around the world. By investing in talent development and promoting entrepreneurship, we can harness the economic growth and investment attraction potential that these changes bring,” he said Brad ParryCEO, Opportunity Calgary Investment Fund and President and CEO, Calgary Economic Development.
The CEAPH will be a first-class facility right in the city center Calgary and a creative arts ecosystem aimed at advancing careers and businesses in the creative industries by offering training, reskilling and upskilling programs including 3D animation and visual effects, game development, post-production, augmented and virtual reality, motion capture, E-sports and podcasting and more.
Supporting business startups, applied research, community building and youth engagement, the Calgary Entertainment Arts Production Hub at Bow Valley College will be a catalyst for economic growth, supporting business development activities in the entertainment arts industry and attracting increased investment Calgary in this exciting sector.
Between 2024 and 2028, CEAPH is expected to train 675 people and support more than 125 companies. These efforts have the potential to create over 300 jobs.
“This investment is vital for our students, teachers and researchers as they will contribute their talents and skills to a thriving sector of our economy in the future. “We are excited to partner with Opportunity Calgary Investment Fund to build a world-class hub for the next generation of creative minds,” said Dr. Misheck Mwaba, President and CEO of Bow Valley College.
CEAPH’s mission is to make careers in the creative industries more accessible to Calgarians by removing financial barriers, providing access to cutting-edge technologies, providing inclusive programming and creating mentoring opportunities, particularly for students from groups deserving of equal opportunities.
“An inclusive economy is being built with opportunities for talent across all sectors. This investment in.” Calgary The creative industries will strengthen our economy and expand Calgary “We will strengthen our culture of innovation and contribute to a dynamic and increasingly diversified downtown core,” he said Calgary mayor Jyoti Gondek.
OCIF is a 100 million dollars initiative of the City of Calgary in 2018 to make strategic investments to diversify and transform the economy. It is a crucial tool for moving forward Calgary economic strategy, Calgary in the new economyas any investment is aimed at stimulating a greater increase in economic activity.
To date, more than 82 million dollars 26 projects were allocated, which provided a stimulus 800 million dollars of investments, the creation, training and retention of more than 3,000 jobs and the support or creation of more than 500 local companies.
ABOUT OPPORTUNITIES CALGARY INVESTMENT FUND
The Opportunity Calgary Investment Fund was established as a wholly owned subsidiary of The City of Calgary in 2018 to support catalytic investments in the city, helping to diversify and transform the economy. The fund is managed by Calgary Economic Development and has a volunteer board of directors. Further information can be found on our website.
For more information contact:
Grace Fullerton
Manager, communications
Media Line: 403 880 7040
E-mail: [email protected]
ABOUT BOW VALLEY COLLEGE
Calgary Bow Valley College is the region’s largest college – with 15,000 full- and part-time students – and helps Open Doors and Open Minds find in-demand jobs Calgary, AlbertaAnd Canada. Our graduates contribute to the digital economy, pursue careers in business, television and film production, and work on the front lines of healthcare and social services. Bow Valley College invests in three pillars of applied research: educational technology, social innovation and health.
For more information contact:
Shannon van Leenen
Senior Media Relations Specialist
Phone: 403 671 3274
Email: [email protected]
SOURCE Opportunity Calgary Investment Fund
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