Alberta Innovates — Industry R&D Associates Program
AB, Canada
Funds Alberta tech firms for in-house research expertise
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJanuary 01, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Information and cultural industries
- Professional, scientific and technical services
grant_single|grantors
- Alberta Innovates
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Industry R&D Associates Program provides Alberta-based small to medium tech enterprises with up to $105,000 in non-dilutive funding to employ in-house professional research and development expertise. This funding supports the acceleration of new technology development, the attraction and retention of technical expertise, and the de-risking of innovative product scaling.
grant_single_labels|projects
The Industry r&D Associates Program provides a financial initiative for Alberta tech companies to accelerate innovation through professional research and development expertise. This support allows companies to enhance technological advancement and mitigate risks associated with product development.
- Accelerating the development of new technology and innovative solutions.
- Attracting and retaining technical expertise within the company.
- De-risking the development and scaling of innovative products.
grant_single_labels|admissibility
To be eligible for this grant, companies must meet specific criteria related to location, size, financial capacity, and project nature.
- The company must have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
- The company must be able to contribute a minimum of 25% cash contribution of the total annual base salary of the Associate.
- The company must have an innovative solution that offers a significant competitive advantage over existing solutions.
- The company must be based and owned in Alberta.
- The company cannot have more than two active Alberta Innovates-funded Associates simultaneously.
- The entity must be a for-profit Corporation, General Partnership, Limited Partnership, or Limited Liability Partnership registered in Alberta.
- The company must have a significant physical and corporate operations footprint in Alberta, with appropriate Alberta ownership and intentions for operational benefits to primarily flow within the Province of Alberta.
grant_eligibility_criteria|who_can_apply
This grant program is targeted at Alberta-based small to medium enterprises (SMEs) in the technology sector that are looking to employ in-house professional research and developmental expertise.
grant_eligibility_criteria|zone
This grant is focused on supporting tech companies that are based within a specific geographical area in Alberta. The program aims to strengthen local innovation by targeting companies with significant operations and ownership in this region.
- Companies must be Alberta-based.
- Businesses must have significant physical and corporate operations within Alberta.
- Appropriate Alberta ownership is required, with operational benefits flowing primarily within the Province of Alberta.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Connect with Alberta Innovates
- Contact the provided email or phone number to express interest in the program.
- A business expert will review your details and guide you with the next steps.
- Step 2: Existing Clients Access
- If you are a current client, log into SmartSimple, the online application portal.
- Submit your application forms through the portal.
- Reach out to your Technology Development Advisor if you have any questions.
- Step 3: Evaluation Process
- Once submitted, your application will be evaluated for fit with the program's objectives.
- Both internal staff and external expert reviewers will assess the application.
grant_single_labels|otherInfo
Here is additional relevant information for this grant:
- The program operates on a continuous intake basis, meaning applications can be submitted at any time without a fixed deadline.
- Alberta Innovates staff and external expert reviewers evaluate the applications for alignment with the program's goals.
- Applicants should refer to Schedule C of the Investment Agreement Template for details on eligible expenses.
- Applicants are encouraged to contact a Technology Development Advisor for guidance during the application process.
grant_single_labels|contact
intake@albertainnovates.ca
403-210-5229
