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Product Demonstration Program (PDP) | Alberta Innovates

none

Value

up to $150,000

Description

The Product Demonstration Program supports Alberta tech companies commercialize their products and achieve optimal market position to increase revenue and expand into global markets.

Alberta tech companies may be eligible for up to $150,000 to enter a partnership with a strategic partner to conduct a product pilot or demonstration that proves their product’s technical and business merits. The strategic partner is critical to commercialization and could be the first buyer, distributor, or influential client.

Eligible Applicants

  • You have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
  • You can match the total eligible project costs, to a maximum Investment of $150,000.
  • You have a product is ready to pilot in an operational setting.
  • You are looking to expand sales or broaden market segments.
  • You have identified a potential strategic partner.
  • You can complete the pilot or demonstration within one year.
  • You can reasonably expect a first sale or distribution agreement within 18 months if the pilot is successful.
  • You can reasonably expect expanded sales or distribution agreements if the demonstration is successful within 18 months.

Eligible Expenses

With the Product Demonstration Program you could:

  • Build a relationship with a strategic partner to leverage their industry knowledge and distribution channels.
  • Validate your product to a potential customer or market.
  • Have your first sale or increase sales revenue within 18 months post project;
  • Expand your supply or distribution channels.
  • Increase your global competitiveness.
  • Provide your strategic partner with access to innovative products to solve operational challenges for itself or its customers.
  • Help your strategic partner to de-risk exposure to new technology.
  • Expand products in strategic partners’ distribution channels.

Deadline Date

Continuous Intake

Contact

Contact Name: Alberta Innovates

Phone Number: 403-210-5229 

E-mail Address: intake@albertainnovates.ca

Website: https://albertainnovates.ca/funding/product-demonstration-program/

Industry:

Software/Technology

Location:

Alberta

Tags:

Entrepreneurship, SMEs, Technology

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Canada

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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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