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VariesDescription
The Industry r&D Associates Program (the “Program”) was created to provide high potential, high growth SMEs with novel, promising technologies, strong management and an identified product/market fit with in-house professional research and development capability, to advance the Technology Readiness Level and accelerate new product commercialization
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.
Associate Eligibility Criteria – To qualify as an Associate, the individual must meet the following criteria:
- not currently own, has no right, option or entitlement to purchase more than 15% of the issued and
outstanding shares of the Applicant; - not have been an Associate for the Applicant other than in the case of a re-application;
- not have been employed by the Applicant for more than twelve (12) months prior to the submission
date of the Application; - be in good financial standing with Alberta Innovates and its subsidiaries InnoTech Alberta and C-Fer
Technologies and intends to live in the Province of Alberta at least for the duration of the Investment in the Project
Project Eligibility Criteria- To qualify for funding all Projects must:
- must be stepped with critical “go/no go” milestones;
- submit to other criteria that Alberta Innovates may develop from time to time.
Eligible Expenses
- Labour
- Materials
- Capital Assets and Software
- Travel and Relocation
- Other
Alberta Innovates Maximum Annual Investment for the Stipend per Level (Paid in monthly installments)
- Level 1 – full-time, up to $52,500 per year
- Level 2 – full-time, up to $67,500 per year
Deadline Date
OngoingContact
Contact Name: Alberta Innovates
E-mail Address: inbox_grants@albertainnovates.ca
Website: https://albertainnovates.ca/wp-content/uploads/2019/10/Industry-rD-Associates-Program-Guide.pdf