Alberta Innovates relaunched their r&D Associates and Commercialization Associates program as of this morning (Aug 29, 2022).
This is what is new.
1. r&D Associates Program
What's new?
• Eligible funding increase (from $67,500 to $105,000)
• Only one funding level (previously had two levels of funding)
• Eligible projects must be between TRL 3 and TRL 9
• Project is for one-year of funding with potential for a second year of funding with the same associate
Qualified applicants may apply to receive non-dilutive funding to help cover salary costs over a one-year term.
Applicants must commit a minimum 25% cash contribution of the total annual base salary.
This program helps Alberta SMEs to:
• Accelerate and progress the development of new technology and innovative solutions
• Attract and retain technical expertise
• De-risk the development and scaling of innovative products
2. Industry Commercialization Associates Program
What's new?
• Eligible funding increase (from $105,000 to $120,000)
• Project is for one-year of funding with potential for a second year of funding with the same associate
• New program name (used to be called simply Commercialization Associates)
Qualified applicants may apply to receive non-dilutive funding to help cover the salary for employees hired to promote the commercialization of their business.
Applicants must commit a minimum 25% cash contribution of the total annual salary.
This program helps Alberta SMEs to:
• Accelerate and progress the commercialization of new technology and innovative products
• Attract and retain business talent with key expertise needed for start-up and scaling SMEs in Alberta
• Provide access to financial resources to de-risk the commercialization of new tech or innovation-based products
• Promote revenue and export growth
• Promote SME investment positioning
Please contact CICG if you are interested in applying to either of these programs.