Value
Up to $10,000, paid directly to a Service or Product Provider. Please note: the applicant pays a minimum 25 percent cash contribution of the total eligible project costs.Description
The Micro Voucher Program is designed to de-risk novel technological solutions. We do this by providing qualified high potential, high growth, technology or knowledge-based Alberta small and medium enterprise (SME) up to $10,000 in funding, combined with coaching, to accelerate the pathway to commercialization and scale-up.
Eligible Applicants
To qualify as an Applicant, an SME is required to satisfy the following criteria:
- be a for-profit SME;
- demonstrate the relationship between the Applicant and Service Provider does not create a conflict of interest;
- be an Alberta-based company with an Albertan footprint, which is determined by the following: significant physical and corporate operational presence in Alberta, appropriate Alberta ownership, and discernible intent that operational benefits will flow primarily within the province of 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 with up-to-date corporate filings: 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; and be in good financial standing with Alberta Innovates and its subsidiaries InnoTech Alberta and CFer Technologies.
Eligible Expenses
Qualified SMEs may be eligible for up to $10,000 for the purpose of one or more of the following activities:
- Design, engineering and prototype development;
- Product testing and refinement;
- Patent development; (excluding patent maintenance fees)
- Advanced market assessment or segmentation analysis;
- Advanced business and/or marketing strategies; and/or
- Other technology development activities that will be considered on a case-by-case basis.
Deadline Date
Ongoing.Contact
Contact Name: Alberta Innovates
Phone Number: 403-210-5229
E-mail Address: intake@albertainnovates.ca
Website: https://albertainnovates.ca/programs/micro-voucher/