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Industry R&D Associates Program │ Alberta Innovates

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Value

Up to $105,000 in non-dilutive funding.

Description

The Industry r&D Associates Program supports Alberta tech companies with an innovative technology or knowledge-based solution looking to employ in-house professional research and developmental expertise.

Eligible Applicants

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

Eligible Expenses

Alberta Innovates only funds reasonable costs incurred after an Investment Agreement is signed by Alberta Innovates and the Applicant. Any costs incurred before the signing of the Investment Agreement, and costs greater than market prices, are ineligible. Costs must be incurred between arm’s length- entities. Please refer to Schedule B in the Investment Agreement posted on the Industry r&D Associate web page for detailed information, including eligible and ineligible expenses.

Deadline Date

The Industry R&D Associates Program operates on a continuous intake basis, meaning applications are accepted at any time. There is no fixed deadline for submissions. Applicants are encouraged to visit the official Alberta Innovates website for complete program details and to verify specific guidelines before applying.

Contact

Contact Name: Alberta Innovates

Phone Number: 403-210-5229

E-mail Address: intake@albertainnovates.ca

Website: https://albertainnovates.ca/funding/industry-rd-associates-program/

Location:

Alberta

Tags:

Innovation, R&D, SMEs

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