Voucher Program

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

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Program at a Glance

Program Status: Active
Business Area: Entrepreneurial Investments
Priority Area(s): The Voucher Program provides Alberta tech companies with up to $100,000 to accelerate new product commercialization.

Eligibility

Program Status: Active
Alberta-based: Yes
Organization Type: Small to Medium Enterprise

Overview

The Voucher Program provides Alberta tech and innovation companies with up to $100,000 to accelerate new product toward commercialization for novel, promising technologies, and an identified product/market fit.

The Voucher Program can help cover the costs of up to three contracted service providers for the purpose of business and technology development related to 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.

Other technology development activities may be considered on a case-by-case basis.

Open Intakes

Voucher Program - Continuous Intake

Due date: Continuous

More details

Program Guide

Download Program Guide

Eligibility

  • You have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
  • You are a for profit organization that is incorporated, or a partnership registered in Alberta.
  • You can contribute a minimum of 25 per cent cash contribution of the total eligible project costs.
  • You have a new, unique technology or innovation that is patentable working toward commercialization.
  • 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 Voucher Program. Click here to view Schedule C in the Sample Investment Agreement Template.

How To Apply

  1. 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 Voucher Program objectives and intended outcomes. Alberta Innovates’ staff and external expert reviewers are engaged to evaluate applications.

For more information, consult the Program Guide.

Support Resources

SmartSimple Online Application Portal

Sample Investment Agreement – Voucher

Financial Documents Resource – Voucher Program

Quote Sample – Voucher Program

Technology Development Advisors

Connectica

Regional Innovation Network

Contact

Connect With Us

403-210-5229 

Open and Upcoming Intakes

Voucher Program - Continuous Intake

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

Open Apply Now