Entrepreneurial Investments: Alberta Digital Traction Program
$50,000.00
Grant
Description:
The Alberta Digital Traction program supports digital tech companies with software development at the core, who are looking to increase their customers, increase revenue, and scale to a global marketplace.
Comments on Funding:
Alberta Digital Traction provides up to $50,000 for Alberta digital tech companies that have software development at the core of their product and/or service.
Continuous Intake
Eligibility:
Applicants must:
1. An Alberta digital tech company that relies on software development as core to one or more of your products and/or services.
2. Intend to rapidly scale digital technology in one-to-two years.
3. Have fewer than 50 full-time employees and less than $1,000,000 in annual reoccurring revenue.
4. Have a minimum viable product to test.
5. Have digital technology that offers a significant competitive advantage over existing solutions.
6. Be a for-profit Corporation, General Partnership, Limited Partnership or Limited Liability Partnership and registered in Alberta.
7. Be an Alberta-based companies 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.
Application Steps:
Applicants must:
1. Engage with a Technology Development Advisor (TDA) prior to applying online.
2. Access and submit application form SmartSimple Online Application Portal. Applications outline must provide:
–Current state of the opportunity,
–Applicant’s management and project team,
–Business and technical outcomes for three milestones,
–Activities for the first Milestone of the Project, and
–The Applicant’s current financial state.
3. Execute an Investment Agreement with Alberta Innovates to proceed with the activities of the Project once approved.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
Funding is paid directly to the applicant and disbursed upon receipt and approval of three consecutive milestone-based reports. Funding disbursement is as follows:
–Milestone 1: Alberta Innovates contribution up to a maximum of $15,000 (includes payment upon execution of agreement, up to $10,000).
–Milestone 2: Alberta Innovates contribution up to $20,000.
–Milestone 3: Alberta Innovates contribution up to $20,000.
About the author
Maurice
