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Industry Commercialization Associates | Alberta Innovates

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Value

Up to $120,000 in non-dilutive funding toward an employee salary per year for up to two years.

Description

The Industry Commercialization Associates Program helps you build a solid team with top talent.

Qualified applicants may apply to receive up to $120,000 in non-dilutive funding toward an employee salary per year for up to two years. Applicants must commit a minimum 25 per cent cash contribution of the total annual base salary.

The Industry Commercialization Associates Program can help you:

  • Attract and retain business talent.
  • Accelerate the commercialization of new technology and innovative products.
  • Access financial resources to de-risk the commercialization of new tech or innovation-based products.
  • Promote revenue, export growth, and investment positioning.

Eligible Applicants

  • You have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
  • You are an Alberta based and owned company.
  • You can contribute a minimum of 25 per cent cash contribution of the total annual base salary of the Associate.
  • You do not have more than two active Alberta Innovates-funded Associates simultaneously.

Eligible Expenses

The Industry Commercialization Associate Program provides support for up to $120,000.00.

  • Recognizing a wide range of skills may be required by the Applicant, Alberta Innovates has created a maximum funding level. Funding amounts will be determined by the Associates experience and education level.
  • The Applicant is required to provide a minimum of 25% of the Associate’s salary in cash (the “Contribution”). For example, if the Applicant wishes to receive $120,000 from Alberta Innovates for an Industry Commercialization Associate, the Applicant must contribute at minimum $40,000 cash making the minimum Eligible Salary $160,000/year.
  • Funds are dispersed directly to the applicant

Alberta Innovates encourages co-funding of Projects with other funding agencies but employs a stacking limit to ensure there is sufficient financial commitment from the Applicant. The stacking limit is employed as follows: the maximum level of total government assistance, whether from federal, provincial/territorial, or municipal sources, cannot exceed 75% of the eligible Project costs.

Deadline Date

Continuous Intake.

Contact

Contact Name: Alberta Innovates

Phone Number: 403-210-5229

E-mail Address: intake@albertainnovates.ca

Website: https://albertainnovates.ca/funding/industry-commercialization-associates/

Industry:

Employment, Export, Software/Technology

Location:

Alberta

Tags:

Employee, Innovation, Technology

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Contact

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Canada

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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