Entrepreneurial Investments: Product Demonstration Program
$150,000.00
Grant
Description:
The Product Demonstration Program (PDP) supports Alberta tech companies commercialize their products and achieve optimal market position to increase revenue and expand into global markets.
Alberta tech companies may be eligible for up to $150,000 to enter a partnership with a strategic partner to conduct a product pilot or demonstration that proves their product’s technical and business merits. The strategic partner is critical to commercialization and could be the first buyer, distributor, or influential client.
Comments on Funding:
The Program is a “matching” Program, meaning Alberta Innovates will match the Applicant’s contributions to the total eligible Project Costs, to a maximum Investment of $150,000. Matching funds must be Cash and/or In-kind contributions from the Applicant. The funds are provided to cover Eligible Expenses only.
Continuous Intake
Eligibility:
Applicants must:
1. Have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
2. Match the total eligible project costs, to a maximum Investment of $150,000.
3. Have a product is ready to pilot in an operational setting.
4. Be looking to expand sales or broaden market segments.
5. Have identified a potential strategic partner.
6. Complete the pilot or demonstration within one year.
7. Reasonably expect a first sale or distribution agreement within 18 months if the pilot is successful.
8. Reasonably expect expanded sales or distribution agreements if the demonstration is successful within 18 months.
9. Be a for-profit Corporation, General Partnership, Limited Partnership or Limited Liability Partnership and registered in Alberta.
10. 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.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
Unsuccessful Applicants are eligible to apply in the future; however, successful Applicants are limited to receiving no more than 2 PDP, either pilot or demonstration awards.
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Maurice
