Industry Commercialization Associates

Program at a Glance

Business Area: Entrepreneurial Investments

Priority Area(s): Receive funding to help cover your employees' salaries to promote the commercialization of your business.

Program Guide: Industry Commercialization Associates - Program Guide

Eligibility

Alberta-based: Yes

Organization Type: Small to Medium Enterprise

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Overview

The Industry Commercialization Associates Program helps you build a solid team with top talent.

Qualified applicants may apply to receive up to $120,000 in non-dilutive funding toward an employee salary per year for up to two years. Applicants must commit a minimum 25 per cent cash contribution of the total annual base salary.

The Industry Commercialization Associates Program can help you:

Attract and retain business talent.
Accelerate the commercialization of new technology and innovative products.
Access financial resources to de-risk the commercialization of new tech or innovation-based products.
Promote revenue, export growth, and investment positioning.

Open Intakes

Industry Commercialization Associates - Continuous Intake

Due date: Continuous

More details

Eligibility

You have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
You are an Alberta based and owned company.
You can contribute a minimum of 25 per cent cash contribution of the total annual base salary of the Associate.
You do not have more than two active Alberta Innovates-funded Associates simultaneously.
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.

You can find a complete list of all the eligibility requirements in the program guide.

Eligible Project Expenses

Schedule C in the Investment Agreement Template outlines the eligible expenses for projects in the Industry Commercialization Associates Program. Click here to view Schedule C in the Sample Investment Agreement Template.

How To Apply

Does this program sound like it would be a good fit? The first step is to Connect With Us! One of our business experts will review your details and be in touch with next steps.

For current clients, access and submit your application forms through SmartSimple, our online application portal, or connect with your Technology Development Advisor with any questions that you may have.

Any questions? Contact us at intake@albertainnovates.ca or 403-210-5229.

Evaluation Process

All applications are reviewed and evaluated to determine fit with the Industry Commercialization Associate Program objectives and intended outcomes. Alberta Innovates’ staff and external expert reviewers are engaged to evaluate applications.

For more information, consult the program guide.

Contact

Connect With Us

403-210-5229 

intake@albertainnovates.ca

Open and Upcoming Intakes