Entrepreneurial Investments

Alberta Innovation Voucher and Micro-Voucher Programs

Overview

The Alberta Innovation Voucher and Micro-Voucher programs have been designed to support innovation and creative problem-solving for Alberta small- and medium-sized enterprises (SMEs). The purpose of the programs is to stimulate the development and commercialization of novel technological or business solutions, while generating material risk-weighted returns on investment to the Province of Alberta based on economic, social or environmental metrics. Depending on their needs, eligible companies can apply for funding up to $100,000 to help cover the costs for the purpose of business and technology development.

These programs operate on an open-call basis, meaning applications are accepted and reviewed on a continuum. Information on the outcome of the application will be emailed as a PDF document to the applicant representative approximately six to eight weeks after Alberta Innovates receives the application. Information will not be provided over the telephone or via email prior to the official letter release.

All applicants are expected to be ready to commit to the proposed program project, both financially and time-wise, at the time of application. Applicants must make the appropriate arrangements to have an authorized person sign the agreement letter and issue the required deposit payment. Alberta Innovates will not allow a delay for signature or payment.

Vouchers

Vouchers are designed to support technologies in the mid-to-late developmental stages but may include some early developmental stages. Vouchers are intended to fund SMEs to work in collaboration with up to three service or product providers to advance technologies closer to commercialization. Alberta Innovates’ investment to a successful applicant is within the range of $10,001 to $100,000, which is paid directly to the service or product providers named in the application. The funds are provided to cover eligible expenses incurred by these providers during the course of any one or more of the following activities:

  • New product research and development;
  • Leading-edge design, engineering and prototype development;
  • Advanced product testing and refinement;
  • Patent development;
  • Advanced market assessments; and/or
  • Other technology development activities may be considered on a case by case basis.

To complete online applications for this program, please visit our Applicant Portal.

Before submitting your application, familiarize yourself with program documentation:

Program Contact Information

Name: Shirley Sin
Title: Program Associate
Phone: 780-450-5221
Email: Shirley.Sin@albertainnovates.ca

Micro-Vouchers

Alberta Innovates developed the Micro Voucher Program to encourage high potential, high growth Small/Medium Enterprises (“SMEs”) with novel, promising technologies, strong management and a reasonably identified product/market fit to accelerate new product commercialization. The purpose is quick access to funds to de-risk technological solutions, support emerging technologies and serve as a catalyst for the development and implementation of innovative technology products that can generate economic, social and environmental benefit for Albertans. The Micro Voucher is intended to fund the Applicant to hire a Service or Product Provider to advance the technology closer to commercialization.

Alberta Innovates’ investment to a successful applicant is up to $10,000, which is paid directly to the providers named in the application. The funds are provided to cover eligible expenses charged by these providers during the course of providing any one or more of the following items for the benefit of the applicant:

  • New product research and development;
  • Early design, engineering and prototype development;
  • Early product testing and refinement;
  • Patent development; (excluding patent maintenance fees)
  • Advanced market assessment or segmentation analysis;
  • Advanced business and/or marketing strategies; or
  • Other technology development or business activities may be considered on a case by case basis.

To complete online applications for this program, please visit our Applicant Portal.

Before submitting your application, familiarize yourself with program documentation:

Program Contact Information

Name: Debbie Hunter
Title: Program Associate
Phone: 780-450-5143
Email: Deborah.Hunter@albertainnovates.ca