Value
$1,000,000Description
The intent of the program is to enable the development of solutions to end-users through the engagement of market pull technology concepts developed by Alberta Small and Medium Enterprises (“SME”s). The program provides funding support, mentorship, and potential first-client opportunities to develop technology solutions with real market potential.
Eligible Applicants
- Be a SME
- Exist as a provincially, extra-provincially or federally registered corporation which has legal status to operate on a for-profit basis in Alberta, and which retains a significant physical presence in Alberta
- Show evidence of adequate operational capital and sound financial resources to develop and commercialize the innovation or technology
- Be able to provide evidence of the viability of the technology or innovation and its value
- Be an advanced technology-oriented business developing innovative new products or services for growing markets
- Have a plan for applying the research results, and marketing or exploiting products or processes in the best interest of the Applicant, the End-user and the Alberta economy
- Not have an outstanding balance or otherwise owe money to any Alberta Innovates Corporation organization, or any of their organization subsidiaries, or partners
Eligible Expenses
- Related labour costs
- Costs of materials
- Acquisitions of property including capital improvements to facility premises and capital equipment
- Acquisitions of software or information databases
- Additional direct operating costs (incurred at reasonable market rates), not falling within the categories of labour and materials
- Technology transfer to the Applicant from an Alberta public sector research organization
- Costs related to travel (including mileage, airfare and accommodation)
- Any other cost which AITF pre-approves in writing as an Eligible Expense
Deadline Date
VariesContact
Contact Name: Luigi Simpatico
Phone Number: 780-450-5564
E-mail Address: Luigi.Simpatico@albertainnovates.ca
Website: https://albertainnovates.ca/programs/alberta-small-business-innovation-and-research-initiative/