Industry R&D Associates Program | Alberta Innovates:

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.