Entrepreneurial Investments: Industry r&D Associates Program
$105,000.00
Grant
Description:
The Industry r&D Associates Program supports Alberta tech companies with an innovative technology or knowledge-based solution looking to employ in-house professional research and developmental expertise.
Comments on Funding:
Funding is up to $105,000 in non-dilutive funding to help cover salary costs over a one-year term. Applicants must commit a minimum 25% cash contribution of the total annual base salary.
Continuous Intake
Eligibility:
Applicants must:
1. Have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
2. Contribute a minimum of 25% cash contribution of the total annual base salary of the Associate.
3. Have an innovative solution that offers significant competitive advantage over existing solutions.
4. An Alberta based and owned company.
5. Not have more than two active Alberta Innovates-funded Associates simultaneously.
6. Have an innovate solution that offers a significant competitive advantage over existing solutions.
7. Be a for-profit Corporation, General Partnership, Limited Partnership or Limited Liability Partnership and registered in Alberta.
8. Be 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 prior to applying online. TDAs provide guidance and coaching and assess an applicant’s program readiness.
2. Access and submit application form on the SmartSimple Online Application Portal.
For approved applications, the Applicant will execute a Investment Agreement with Alberta Innovates to proceed with the activities of the Project.
Documentation Needed:
Applicants must submit application through the online portal. Application outline must include:
1. Applicant’s management and project team
2. Innovation and Market opportunity
3. Activities and Outcomes for the project
4. Applicant’s current financial state
Other Things to Note:
About the author
Maurice
