The Alberta Innovates Voucher Program offsets a portion of costs related to technology development and building a working prototype. Funding is awarded as a voucher, which companies can use to pay product/service providers for their contributions towards the project, including labour and materials.
- Amount: Voucher to offset $10,000 to $100,000 in products or services received to accelerate the project.
- Timeline: Continuous intake of applications. Application approvals in 6-8 weeks from submission.
- Eligibility: Alberta for-profit SMEs with fewer than 500 FTEs and less than $50 million in gross revenues annually.
- Project Themes: Research, development, testing, and refinement to an innovation with a TRL of 3-6. Projects should result in the development of a pre-commercial technology.