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Industry Commercialization Associates Program | Alberta Innovates:

Value

Varies

Description

The Industry Commercialization Associates Program (the “Program”) was created to provide high potential, high growth SMEs with novel, viable technologies, strong management and a reasonably validated product/market fit with the assistance of talented individuals who have the business acumen required to develop and launch new services and products into the market place.

Eligible Applicants

  • be a for-profit SME;
  • demonstrate the relationship between the Applicant and the Associate does not create a conflict of interest;
  • have a physical presence in Alberta;
  • meet the following definition of an SME: a company with fewer than 500 Full Time employees, and less than $50,000,000 annual gross revenue;
  • be a legal entity: incorporated in Alberta; or incorporated federally or in another jurisdiction AND extra-provincially registered in Alberta; or a General Partnership, Limited Partnership or Limited Liability Partnership AND registered in Alberta;
  • be in good financial standing with Alberta Innovates and its subsidiaries InnoTech Alberta and C-Fer Technologies; and
  • not currently have more than two (2) active Alberta Innovates-funded Associates.

Eligible Expenses

This program is designed to fund SMEs to employ a commercialization professional, for up to two years, through one of the following options:

  • Level 1 – full-time, up to $52,500 per year
  • Level 2 – full-time, up to $75,000 per year
  • Level 3 – full or part-time, up to $105,000 per year

Alberta Innovates will also provide an additional $7,000 per year as an expense allowance for the associate.

  • The Expense Allowance is provided to pay Eligible Expenses that are reasonably connected to the Project. Alberta Innovates only funds reasonable costs incurred subsequent to a signed Investment Agreement between Alberta Innovates, the Applicant and the Associate.
  • Any costs incurred prior to the signing of the Investment Agreement, or costs greater than market prices are deemed ineligible. Please refer to our standard form Investment Agreement found on our website to get an in-depth understanding of eligible and ineligible costs.

Deadline Date

  Ongoing

Contact

Contact Name: Technology Development Advisors

Phone Number: 403-210-5229

E-mail Address: Intake@albertainnovates.ca

Website: https://albertainnovates.ca/programs/commercialization-associates/

Industry: Employment, Location: Alberta ,
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