Entrepreneurial Investments: Product Demonstration 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 can match the total eligible project costs, to a maximum Investment of $150,000.
3. You have a product is ready to pilot in an operational setting.
4. You are looking to expand sales or broaden market segments.
5. You have identified a potential strategic partner.
6. You can complete the pilot or demonstration within one year.
7. You can reasonably expect a first sale or distribution agreement within 18 months if the pilot is successful.
8. You can 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. 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 support of a Technology Development Advisor (TDA) is required for the PDP. They provide guidance and coaching and assess the Applicant's PDP readiness. They can recommend suitable alternative Alberta Innovates funding programs and help direct the Applicant to external funding opportunities.

Project Activities may include

1. Extending core technology and/or capability
2. Piloting in an operational environment to verify product value
3. Demonstrating in an operational environment to broaden market segments

Unsuccessful Applicants are eligible to apply in the future; however, successful Applicants are limited to receiving no more than two PDP grants, either pilot or demonstration awards.

Applicant Eligibility

The Product Demonstration 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 in good financial standing with Alberta Innovates or its subsidiaries, InnoTech Alberta and C-FER Technologies.

1. Be incorporated in Alberta AND/OR incorporated in another jurisdiction and extra-

provincially registered in Alberta;

1. Be a 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.

Partner Eligibility

Strategic Partners are required to:

1. Exist as a corporate person, with up-to-date corporate filings.
2. Be authorized to undertake the proposed project.
3. 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 a letter indicating the Partner’s/Service Provider’s/Collaborator’s intention to participate in

the Project at the time of application.

1. Have the financial capability to purchase or enter into a distribution agreement of the product upon

Project completion of a demonstration.

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 PDP;
2. Show that the product is a viable technology at Technology Readiness Level (TRL) 7, 8, or 9
3. Be stepped with critical “go/no go “milestones with measurable target outcomes
4. Be completed within one-year term;
5. Have the participation of at least one product pilot or demonstration Strategic Partner(s);
6. Outline the financial contribution required by Applicant; and/or
7. Comply with other criteria that Alberta Innovates may develop from time to time.