Micro Voucher Program

The Micro Voucher Program provides up to $10,000 to help Alberta tech companies design and/or develop innovative technological solutions.

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Program at a Glance

Program Status: Active
Business Area: Entrepreneurial Investments
Priority Area(s): The Micro Voucher Program provides up to $10,000 to help Alberta tech companies design and/or develop innovative technological solutions.

Eligibility

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

Overview

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.

Open Intakes

Micro Voucher - 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 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.

You can find a complete list of all eligibility requirements in the Program Guide.

Eligible Project Expenses

Schedule C in the Investment Agreement Template outlines the eligible expenses for projects in the Micro 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 Micro 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

Standardized Investment Agreement (Micro Voucher)

Micro Voucher Examples of Eligible Activities

Financial Documents Resource – Micro Voucher

Technology Development Advisors

Contact

Connect With Us

403-210-5229 

Open and Upcoming Intakes

Micro Voucher - Continuous Intake

The Micro Voucher Program provides up to $10,000 to help Alberta tech companies design and/or develop innovative technological solutions.

Open Apply Now