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Alberta Innovates – Micro-Voucher Program

This program is aimed to help promising businesses in Alberta accelerate their new product technology development.

What Is Alberta Innovates – Micro-Voucher Program?

The Alberta Innovates – Micro-Voucher Program is a funding initiative in Alberta, Canada, that provides small vouchers or financial assistance to support research and development projects, innovation, and technology commercialization at a smaller scale.

Alberta Innovates – Micro-Voucher Program Overview

The Alberta Innovates – Micro-Voucher Program in Canada provides financial support and resources to individuals, startups, and small businesses for small-scale research, innovation, and technology development projects. The program offers micro-vouchers to facilitate activities like prototype development, feasibility studies, market research, and testing. Its aim is to foster innovation, drive economic growth, and enhance Alberta’s competitiveness in the innovation landscape by supporting early-stage ventures and enabling them to access valuable resources and expertise.

By offering these micro-vouchers, the program stimulates entrepreneurship, helping participants validate their ideas, refine their products or services, and prepare for further investment and market entry. It plays a crucial role in building a thriving innovation ecosystem in Alberta by fostering collaboration, encouraging research and development, and supporting the growth of innovative businesses and startups. The Micro-Voucher Program acts as a catalyst for innovation, driving economic prosperity and enhancing the overall competitiveness of Alberta’s innovation sector.

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How Much Funding?

Up to $10,000 paid directly to one Service Provider

WHO QUALIFIES?

– For-profit SME (less than 500 full time employees; less than $50M in annual gross revenue)
– Must work in collaboration with 1 Service Providers to advance technology closer to commercialization
– Demonstrate the relationship between the Applicant and the Service Provider does not create a conflict of interest
– Be a legal entity incorporated in Alberta

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Eligible Activities & Expenditures

– 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
– Other technology development activities

  • Labour
  • Materials
  • Capital assets and software
  • Other direct costs deemed eligible

PROGRAM DEADLINE

Ongoing

Get Expert Advice and Support

Our team will review your application and provide funding recommendations within a few weeks. If your project is approved, you’ll receive funding to cover a portion of eligible project costs.

Ready to take your business to the next level? Contact EVAMAX today to learn more and start your application process.

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