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Alberta Ingenuity was established in 2000 as an arm's length foundation from the Government of Alberta to address gaps in provincial support for science and engineering research. The organization helped drive Alberta’s innovation capacity by establishing world-class research hubs, fuelling innovative companies and attracting creative, resourceful people who lead contributions to knowledge, policy, economy and global human development.

Operating from an $800 million endowment fund from the Government of Alberta, Alberta Ingenuity funded programs and individuals along the knowledge pipeline, encompassing graduate students to business associates. Ingenuity contributed to building the capacity of innovation by nurturing the discovery of new knowledge and encouraging its application to benefit Albertans and the world.