Product Demonstration Program

By mmuise
Description:

This program is designed to de-risk the commercialization process by providing funds and coaching to qualified high potential, high growth, technology Alberta small- and medium-sized enterprises (SMEs) to enter into a partnership with a potential client to conduct a pilot demonstration to trial and prove the technical and business merits of their product. Qualified SMEs may be eligible for up to $150,000 in funding over a maximum one-year term.


Comments on Funding:

Funding is up to $150,000 over a maximum one-year term.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • 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 small or medium enterprises (SME), with fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
  • be Alberta-based companies with an Alberta footprint, which includes:
    a) a significant physical and corporate operational presence in Alberta;
    b) appropriate Alberta ownership; and
    c) discernible intent that operational benefits will flow primarily within the Province of Alberta.
  • 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:
  • exist as a corporate person, with up-to-date corporate filings;
  • be authorized to undertake the proposed project;
  • demonstrate that the relationship between the Applicant and Partner/Strategic Partner/Service Provider/Collaborator does not create a conflict of interest;
  • be at arm’s length from the Applicant (i.e., no legal relationship with the Applicant);
  • provide a letter indicating the Partner’s/Service Provider’s/Collaborator’s intention to participate in the Project at the time of application;
  • have the financial capability to purchase or enter into a distribution agreement of the product upon Project completion of a demonstration;
  • show tangible resources committed to the Project;
  • 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.
Application Steps:

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Documentation Needed:

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Other Things to Note:

Continuous intake

About the author
mmuise