Entrepreneurial Investments: Voucher Program
$100,000.00
Grant
Description:
The Voucher Program provides Alberta tech and innovation companies with up to $100,000 to accelerate new product toward commercialization for novel, promising technologies, and an identified product/market fit.
Comments on Funding:
The Voucher Program provides support within the range from $10,001 to $100,000. The applicant is required to contribute a minimum 25% cash contribution to the total eligible project costs.
Continuous Intake
Eligibility:
Applicants 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
3. 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.
4. Be incorporated in Alberta and/or incorporated for-profit organizations in another jurisdiction and extra-provincially registered in Alberta, OR
5. Be a for-profit organization General Partnership, Limited Partnership or Limited Liability Partnership and registered in Alberta.
6. Be a company that have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue to qualify as a small or medium enterprise (SME).
7. Be a company and 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.
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 business readiness
–Participation of a service provider
–Intended project and benefits
–Applicant’s current financial state
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
Service Provider Eligibility
Service Providers are required to:
1. Be a registered corporate entity, or a sole proprietorship, and where applicable be in good standing with the appropriate corporate registries.
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.
4. Be at arm’s length from the Applicant (i.e., no legal relationship with the Applicant).
5. Provide the service(s) and/or product(s) at reasonable market rates.
6. Provide a letter indicating the Partner’s/Service Provider’s/Collaborator’s intention to participate in the Project at the time of application.
7. Show tangible resources committed to the Project.
8. 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.
About the author
Maurice
