Industry r&D Associates Program

The Industry r&D Associates Program supports Alberta tech companies with up to $105,000 to employ in-house professional research and developmental expertise.

Grant Deadline

Deadline not available

Funding Amount

$105,000

Type of Grant

Grant, Funding

Sectors

Fintech, Biotechnology, Clean Tech, Technology, Med Tech

Demographics

Incorporation

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

technology, business, small business, digital technologies, Tech Innovators

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

Overview

The Industry r&D Associates Program supports Alberta tech companies with an innovative technology or knowledge-based solution looking to employ in-house professional research and developmental expertise.

Qualified applicants may apply to receive up to $105,000 in non-dilutive funding to help cover salary costs of an Associate over a one-year term. Applicants must commit a minimum 25 per cent cash contribution of the total annual base salary.

The Industry r&D Associates Program can help you to:

• Accelerate and progress the development of new technology and innovative solutions.
• Attract and retain technical expertise.
• De-risk the development and scaling of innovative products.

Eligibility

• You have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
• You can contribute a minimum of 25 per cent cash contribution of the total annual base salary of the Associate.
• You have an innovative solution that offers significant competitive advantage over existing solutions.
• You are an Alberta based and owned company.
• You do not have more than two active Alberta Innovates-funded Associates simultaneously.
• You have an innovate solution that offers a significant competitive advantage over existing solutions.
• Be a for-profit Corporation, General Partnership, Limited Partnership or Limited Liability Partnership and registered in Alberta.
• Companies must be Alberta-based with an Alberta footprint, which includes a significant physical and corporate operations in Alberta; appropriate Alberta ownership; and discernible intent that operational benefits will flow primarily within the Province of Alberta.

Grant Application website

https://albertainnovates.ca/funding/industry-rd-associates-program/

Contact

For more information, please contact

intake@albertainnovates.ca or 403-210-5229.