Voucher

By mmuise
Description:

Vouchers are investment grants from $10,000 to $100,000 to hire up to three service providers to help Alberta’s high potential, high growth, technology and knowledge-based small- and medium-sized enterprises advance their mid-to-late stage technology and new product development.


Comments on Funding:

Funding takes the form of grants ranging from $10,000 to $100,000.
The applicant must pay a minimum 25% cash contribution of the total eligible project costs.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be for-profit organizations;
  • be technology-based businesses;
  • be small or medium enterprises (SME), with fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue, and will collaborate with up to three service providers;
  • 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 for-profit organization General Partnership, Limited Partnership or Limited Liability Partnership and registered in Alberta.
  • 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.
    Service Providers are required to:
  • be a registered corporate entity, or a sole proprietorship, and where applicable be in good standing with the appropriate corporate registries;
  • 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 the service(s) and/or product(s) at reasonable market rates. 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:

This program is an open-call format.

About the author
mmuise