Agriculture & Environment Program │ Alberta Innovates

Alberta Innovates will only contribute toward eligible and reasonable project costs incurred after the date of the funding approval letter, provided an Investment Agreement is signed by both Alberta Innovates and the Applicant. Any costs incurred prior to the
project start date defined in the Investment Agreement and costs greater than market prices will be deemed ineligible. Additionally, all costs must be incurred between entities operating at arm’s length.

Eligible Cash Costs include expenses for the direct costs of project-related activities that are directly related to achieving the objectives of the Project.

Eligible In-kind Costs are defined as the non-cash provision of essential goods or services that the applicant, partners, and/or sponsoring organizations provide to support the project, valued in monetary terms. In-kind contributions could be in the form of cash-equivalent goods or services, which, if not donated to the project, would have to be purchased with project funds. In-kind contributions could also include the time of individuals including staff from the applicant and partner organizations spent in providing direction and/or participating directly in the project. The value placed on in-kind contributions may not exceed the fair market value of the product or service. It should be noted that In-kind contributions fall within the purview of generally accepted accounting principles.