Grant Name: Micro Voucher Program

Status:

Accepting applications

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Deadline:

N/A

Description

The Micro Voucher Program is designed to de-risk technological solutions by providing qualified high potential, high growth, technology, or knowledge-based Alberta small and medium enterprise (SME) up to $10’000 in funding, combined with coaching, to accelerate the pathway to commercialization and scale-up.

Eligibility

Program is for high potential, high growth, technology or knowledge-based Alberta small and medium enterprise (SME) that:

  • has a novel technology with an opportunity for intellectual property
  • functional requirements and features that are defined, and can prove that the concept is technically feasible.
  • has a management team and executed foundational business agreements
  • can identify target customer, customer segments and possible markets
  • has completed an initial high-level competitive position analysis and understands any regulatory hurdles to entering the market
  • can point to pricing and business models of similar products in the industry
  • has a technology readiness level between 3 and 7
  • can complete the proposed project within six months
  • has connected with a Technology Development Advisor (TDA) for coaching
  • Qualified SMEs may be eligible for up to $10’00, paid directly to a service provider, for the purpose of one or more of the following activities:
  • Design, engineering and prototype development;
  • Product testing and refinement;
  • Patent development; (excluding patent maintenance fees)
  • Advanced market assessment or segmentation analysis;
  • Advanced business and/or marketing strategies; and/or
  • Other technology development activities that will be considered on a case-by-case basis.

Applicant pays a minimum of 25% cash contribution of the total eligible project costs

How to Apply?

  1. Familiarize yourself with the new program documents below.
  2. Connect with a Technology Development Advisor.
  3. Access our applicant portal to submit your application online.
  4. Any questions? Contact us at intake@albertainnovates.ca or 403-210-5229.

Funding Amount

Maximum $10’000

This program will cover a maximum of 75% of eligible costs

Contact Information

NA

Processing Fee

N/A

Location/Classification

Alberta, Canada

Technology

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