Alberta Digital Traction

By mmuise
Description:

The Alberta Digital Traction is a funding program of up to $50,000 for Alberta SMEs that rely on software development as core to one or more of their products and/or services and intends to rapidly scale in the global marketplace to accelerate their revenue growth.


Comments on Funding:

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Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be Digital SMEs at the validating stage of their journey;
  • be for-profit organizations;
  • exist as a corporate person, with up-to-date corporate filings;
  • be authorized to undertake the proposed project, and execute a grant with Alberta Innovates on our
    standard terms;
  • 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;
  • be incorporated in Alberta AND/OR incorporated in another jurisdiction and extra-provincially
    registered in Alberta;
  • be a General Partnership, Limited Partnership or Limited Liability Partnership and registered in
    Alberta;
  • be Alberta-based companies 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;
  • have fewer than 50 full-time employees, and less than $1,000,000 annual reoccurring revenue.
  • have a founding team and/or advisors;
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  • demonstrate previous investment into the company by the founding team.
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  • 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. Service Providers are required to:
  • demonstrate that the relationship between the Applicant and the service provider does not create a conflict of interest;
  • be at arm’s length from the Applicant (i.e., no legal relationship with the Applicant including equity, convertible debt, shareholder, or beneficiary of the current application);
  • 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.
Application Steps:

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Documentation Needed:

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Other Things to Note:

The Alberta Digital Traction program is open to continuous intake.

About the author
mmuise