Value
The BUILD Program provides funding for projects with budgets greater than $300,000 with TECTERRA providing funding of up to 50% of your development and commercialization costs, to a maximum of $500,000 per project.Description
If you are an Alberta start up, small or medium sized company working on innovative geospatial technology products, you may qualify for a non-dilutive, 0% interest loan, repayable only after your product generates revenue.
The BUILD Program provides funding for projects with budgets greater than $300,000 with TECTERRA providing funding of up to 50% of your development and commercialization costs, to a maximum of $500,000 per project.
Eligible Applicants
A company must be:
- A for-profit company
- Incorporated and operating in Alberta
- Minimum of one and no more than 500 full-time employees
- Annual sales revenue ordinarily not exceeding $50 million
Eligible Expenses
- Labour
- Consulting fees
- Prototyping
- Product testing and validation
- Travel
- Marketing and sales events
- Marketing materials
- Non-capital equipment and supplies used in the project
- Other actual expenses incurred directly and solely on the project
Deadline Date
Open and closes.Contact
Contact Name: Andrew House, Director of Commercialization Programs
E-mail Address: ahouse@tecterra.com
Website: https://tecterra.com/programs/build/
