How much funding can be received?

Funds up to 25% of admissible expenses, capped at $300000 per project.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the Accelerating Innovations into CarE (AICE) – Validate?

Accelerating Innovations into CarE (AICE) – Validate is funded by Alberta Innovates

What are Accelerating Innovations into CarE (AICE) – Validate's eligibility criterias?

The business must be an Alberta-based for-profit small or medium enterprise (SME) with a significant operational presence in Alberta. The applicant should have appropriate Alberta ownership and demonstrate an intent that benefits will flow primarily within Alberta.

Accelerating Innovations into CarE (AICE) – Validate

AB, Canada

Supports Alberta SMEs to validate health tech innovations

grant_single|update January 24, 2025

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grant_single|closingDateApril 19, 2024
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Grant and Funding

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Health care and social assistance

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Alberta Innovates

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The AICE-Validate program offers up to $300,000 to Alberta researchers and SMEs to validate their product, market fit, business model, and regulatory path, aiming to accelerate the commercialization of health technologies into care. Eligible activities include demonstrating the feasibility of new ventures and advancing emerging technologies towards a market-ready state.

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This grant provides substantial financial support to assist with the commercialization of health technologies in Alberta. It offers a flexible financial framework dependent on project needs and contributions.

Funding of up to $300,000 CAD is available to successful applicants.
A minimum of 25% of the total eligible project costs must be provided by the applicant, either in cash or through in-kind contributions.
The term of funding support extends up to 24 months, allowing for thorough project validation.

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The AICE – Validate program offers funding to support projects that validate health technologies and accelerate their commercialization in Alberta. The eligible activities focus on assessing product feasibility, market fit, business model viability, and regulatory compliance, providing a pathway for technological innovations to move towards market readiness.

Validation of health technology products to confirm their feasibility and market fit.
Development and refinement of business models for health technology ventures.
Assessment and alignment of health technologies with regulatory requirements.
Preparation of emerging health technologies for market entry.
Activities aimed at attracting external investments to health technology SMEs in Alberta.

grant_single|admissibleProjectsExample

$ 60,000

Establishing an organic waste composting site

$ 50,000

Developing a digital literacy program for seniors

$ 100,000

Implementing a solar energy project for schools

$ 80,000

Launching an eco-friendly packaging line for local products

$ 70,000

Creating a mobile app for mental health support services

$ 45,000

Organizing a cultural festival to promote local artists

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Eligibility for the AICE-Validate program requires meeting specific criteria related to company location and operational presence in Alberta.

The applicant must be an Alberta-based for-profit small to medium enterprise (SME) with a significant physical and corporate operational presence in Alberta.
The applicant must have appropriate ownership situated in Alberta.
There must be a discernable intent that operational benefits from the project will primarily flow within the province of Alberta.

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The AICE-Validate program is open to Alberta-based post-secondary institutions and government entities with a clear intent of creating a for-profit company to commercialize the technology. Additionally, Alberta-based for-profit SMEs with significant physical and corporate operational presence in Alberta, appropriate Alberta ownership, and a discernible intent that operational benefits will flow primarily within Alberta are eligible to apply. Ideal applicants should have strong proof-of-concept data, a technology that outperforms its competitors, ownership or exclusive rights to the technology, an experienced and well-rounded management team, completed an accelerator or business coaching program, and an emerging technology with potential for beneficial health outcomes.

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This grant is available exclusively to companies that are based in Alberta, Canada. The focus is on supporting the growth of health technology innovations within the province.

Alberta, Canada

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The evaluation and selection of projects for the AICE - Validate grant are based on the strength of the market opportunity, competitiveness, advance-to-market plan, and potential economic impact for Alberta.

Strength of the market opportunity.
Competitiveness of the technology or service.
Advance-to-market plan including regulatory strategies.
Potential economic impact for Alberta, including indicators such as investment attraction and employment growth.

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Here are additional relevant details for this grant:

Applicants are required to provide at least 25% of total eligible project costs as cash or in-kind contributions.
The maximum funding available per project is $300,000 CAD.
Projects should be completed within a 24-month period.
Applications are reviewed by both Alberta Innovates employees and external expert reviewers, ensuring diverse perspectives during the evaluation process.
The program supports Alberta-based SMEs and researchers in health technology innovation, specifically geared towards accelerating market entry and attracting investments.
An additional call for "Tech for Healthy Aging" is available for applications related to improving health for older adults and their caregivers, with a specific submission deadline.
Applicants who are declined can re-apply following a six-month cooling-off period.