Entrepreneurial Investments: Voucher Program

Who can apply

1. You have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
2. You are a for profit organization that is incorporated, or a partnership registered in Alberta.
3. You can contribute a minimum of 25 per cent cash contribution of the total eligible project costs.
4. You have a new, unique technology or innovation that is patentable working toward commercialization.
5. Be a for-profit Corporation, General Partnership, Limited Partnership or Limited Liability Partnership and registered in Alberta.
6. Companies must be Alberta-based with an Alberta footprint, which includes a significant physical and corporate operations in Alberta; appropriate Alberta ownership; and discernible intent that operational benefits will flow primarily within the Province of Alberta.

The Voucher Program is open to For-Profit Organizations.

In addition, to qualify for funding the Applicant must:

1. Exist as a corporate person, with up-to-date corporate filings.
2. Be authorized to undertake the proposed project, and execute a grant with Alberta Innovates on our

standard terms; and

1. Not otherwise be prohibited from receiving Alberta Innovates funding, for instance due to a past

bad debt or otherwise not be in good financial standing with Alberta Innovates or its subsidiaries, InnoTech Alberta and C-FER Technologies.

1. incorporated in Alberta AND/OR incorporated for-profit organizations in another jurisdiction and

extra-provincially registered in Alberta, OR

1. Be a for-profit organization General Partnership, Limited Partnership or Limited Liability Partnership

and registered in Alberta.

1. To qualify as a small or medium enterprise (SME), a company must have fewer than 500 full-time

employees and less than $50,000,000 in annual gross revenue.

1. Companies must be Alberta-based with an Alberta footprint, which includes a significant physical

and corporate operational presence in Alberta; appropriate Alberta ownership; and discernible intent that operational benefits will flow primarily within the Province of Alberta.

1. Clear our due diligence and risk screening as determined by Alberta Innovates in its sole and

unfettered discretion.

Please note: For Applicants that are not post-secondary institutions, Alberta Innovates may perform corporate, bankruptcy and litigation searches, and conduct other forms of due diligence on the Applicant company and its principals.

Service Provider Eligibility

Service Providers are required to:

1. Be a registered corporate entity, partnership, sole proprietorship, or an institution in good standing

with the appropriate corporate registries.

1. Be authorized to undertake the proposed project.
2. Demonstrate that the relationship between the Applicant and Partner/Strategic Partner/Service

Provider/Collaborator does not create a conflict of interest.

1. Be at arm’s length from the Applicant (i.e., no legal relationship with the Applicant).
2. Provide the service(s) and/or product(s) at reasonable market rates.
3. Provide a letter indicating the Partner’s/Service Provider’s/Collaborator’s intention to participate in

the Project at the time of application.

1. Show tangible resources committed to the Project.
2. Not otherwise be prohibited from receiving Alberta Innovates funding, for instance due to a past

bad debt or otherwise not be in good financial standing with Alberta Innovates or its subsidiaries, InnoTech Alberta and C-FER Technologies.

Note: For partners, collaborators and/or service providers that are not post-secondary institutions, Alberta Innovates may perform corporate, bankruptcy and litigation searches, and other forms of due diligence.

Project Eligibility

To qualify for funding, all Projects must:

1. Align with the objectives of the Voucher Program.
2. Be stepped with critical “go/no go “milestones with measurable target outcomes
3. Be completed within the one-year term

• Technology Readiness Level (TRL) between 4-9

1. Outline the financial contribution required by Applicant; and/or
2. Comply with other criteria that Alberta Innovates may develop from time to time.

Assess your company for Alberta Footprint by reviewing the criteria noted below.

All companies must be incorporated in Alberta AND/OR incorporated in another jurisdiction and extra provincially registered in Alberta, OR be a General Partnership, Limited Partnership or Limited Liability Partnership and registered in Alberta.

Next, if you meet the following Alberta Footprint criteria you are an Alberta company that can apply to our program.

1. Over 50% total Alberta ownership
2. And over 50% Alberta employees (FTE, PTE, and Contractors)
3. And an Alberta Founder residing in Alberta as primary residence, where income tax is paid

If you do not meet the criteria above you may still be eligible and the following evaluation criteria will be used to assess your Alberta Footprint:

Alberta Footprint Evaluation Criteria for Entrepreneurial Investment Programs Location of main operations (operations, salaries, taxes, expenses, license, permits, assets, and capital flow) and head office.

Portion of physical assets based in Alberta if applicable to your business model.

Number of Alberta-based T4 employees currently employed by the applicant and percentage of total jobs in the company based in Alberta.

Taxable revenues, current and future, flowing back to Alberta.

Percent of Alberta Ownership as demonstrated on Capitalization tables and registration documents.

Due to unclear ownership and liquidity of shares, publicly traded companies are only eligible if significant Alberta ownership and control can be demonstrated. The Alberta ownership does not include Alberta investment firms that have investors from outside Alberta.

Number of Founders based in Alberta Connections to Alberta eco-system, industry, strategic partners, and resources to grow business in Alberta. Current and future growth in Alberta to promote jobs, economic growth, and benefit to Albertans.

Publicly identified as, and corporate messaging consistent with, being an Alberta company Collaborative support from other provinces on a large strategic win for Canada These criteria are considered together to determine if there is sufficient Alberta benefit.