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iCORE was established in October 1999 by the Government of Alberta to foster an expanding community of exceptional researchers in the field of informatics encompassing the diverse areas of computer science, electrical and computer engineering, physics, mathematics and other disciplines related to information and communications technology (ICT).

iCORE's Academy of Researchers delivered research results, trained skilled workers, and commercially valuable technology into Alberta's economy. At the time of its merger into Tech Futures, iCORE's Academy encompassed 30 research teams and over 1300 researchers at four universities across the province. iCORE Chairs, Professors and Industry Chairs hold 10 patents and licenses, have created over 10 spinout companies, and on average leveraged every research dollar from iCORE to fund 3.1 dollars of research.

Overall, iCORE succeeded in changing the ICT landscape in Alberta, building research capacity in Networks and Wireless technology, Intelligent Software Systems, New Architectures, Sensor Networks and Bioinformatics. More importantly, acting with the support of the ICT Research Advisory Committee, iCORE expanded these areas across faculties, providing the impetus for universities to do the same. Supporting collaborative research has strengthened each platform and expanded its impact to multiple industries.