GreenSTEM
GreenSTEM is an entrepreneurial pilot program for Science, Technology, Engineering, and Math (STEM) Masters and Ph.D. graduates. The pilot program enables entrepreneurship and provides a two-year commercialization runway for “deep technology” companies involved in science-based innovation that:
1. is expensive
2. has a lengthy development process
3. is more challenging to commercialize than conventional goods or software
Offered by Ministry of Technology and Innovation
Amount
Annual fellowship stipends ($60,000 including benefits for an individual or $90,000 for teams of 2) and up to $71,000 in annual seed funding to cover technology and business development expenses
Quick eligibility check
Who can apply
GreenSTEM applicants can be individuals or teams of 2 founders, both of whom must meet the GreenSTEM eligibility requirements.
To participate in GreenSTEM, applicants must be:
- a graduate of an advanced technical STEM degree program (Masters/Ph.D.) within the last 5 years
- the primary technology innovator(s) of a science-based business/product concept with an emission reduction potential
- a resident of Alberta with the legal right to work in Canada throughout the term of the program
- able to demonstrate access or reasonable pathway toward the legal right to commercialize the underlying intellectual property
- willing to commit to the GreenSTEM Fellowship as their full-time job
- applicants will not be able to attend full or part-time educational training or maintain monetary-based affiliations with established companies during participation
- prepared to relocate to Edmonton, Calgary or Lethbridge for the duration of the program and willing to travel within Alberta for quarterly events and meetings
- prepared and able to incorporate their venture in Alberta or Canada once accepted into the cohort
- committed to maintaining business operations in Alberta for 3 years following conclusion of the program
About the funding
The pilot program is supporting 25 eligible innovators that have founded 19 new technology companies through access to:
- annual fellowship stipends ($60,000 including benefits for an individual or $90,000 for teams of 2)
- up to $71,000 in annual seed funding to cover technology and business development expenses
- technical facilities
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- technology-focused entrepreneurship programming
- technical and business mentorship, including quarterly advisory sessions
- networking opportunities with investors, venture capital organizations, service providers, and potential industry partners
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