Micro Voucher Program

The Voucher Program provides Alberta tech companies with up to $100,000 to accelerate new product commercialization.

Grant Deadline

Deadline not available

Funding Amount

$10,000

Type of Grant

Grant, Funding

Sectors

Fintech, Artificial Intelligence, Biotechnology, Clean Tech, Technology, Med Tech

Demographics

Incorporation

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

business, small business, entrepreneur

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

The Micro Voucher Program helps Alberta tech companies to design and/or develop innovative technology solutions by providing up to $10,000 in non-dilutive funding.

Qualified activity includes:

• Design, engineering, and prototype development.
• Product testing and refinement.
• Patent development; (excluding patent maintenance fees).
• Advanced market assessment or segmentation analysis.
• Certifications.
• Advanced business and/or marketing strategies.

Other technology development activities that will be considered on a case-by-case basis. Examples of eligible activities can be found below under Resources.

Eligibility

• You have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
• You can pay a minimum 25 per cent cash contribution of the total eligible project costs.
• You have a novel technology with an opportunity for intellectual property.
• Your digital technology could scaleup in one to two years, if successful.
• Your functional requirements and features are defined, and you can prove that the concept is technically feasible.
• You have or are working towards establishing a management team and foundational business agreements.
• You can identify target customer, customer segments and possible markets.
• You have completed an initial high-level competitive position analysis and understands any regulatory hurdles to entering the market.
• You can complete the proposed project within six months.

Grant Application website

https://albertainnovates.ca/funding/micro-voucher-program/

Contact

For more information, please contact intake@albertainnovates.ca or 403-210-5229.