Innovation Voucher Program

PDFPrint

Advanced Education and Technology

The Alberta Innovation Voucher Program helps small technology and knowledge-driven businesses in Alberta get their ideas and products to market faster. Companies can apply for vouchers worth up to $15,000 or $50,000 to be used with a service provider for business and technology development services.


Innovation Vouchers are available in two denominations:
  • A Voucher to a maximum value of $15,000 for an Opportunity Assessment (Feasibility Study).
  • A Voucher for a maximum value of $50,000 for more substantial technology development activities such as product prototyping, lab verification, field testing, etc.

Businesses are potentially eligible to receive (if successful in their application) one of each type of voucher throughout the duration of the program. However, a company cannot receive a $50,000 voucher without having completed an independent opportunity assessment or feasibility study to ensure there is a market for the idea and that it is technically feasible.

Service providers are expected to charge on a fee for service basis at reasonable market rate for the services being provided. No up- front administrative fees are permitted to be charged against a voucher. Charging flow through administrative fees is not permitted. Applications may be submitted jointly by Alberta based companies and a service provider, that meet the eligibility requirements set out by the voucher amount being applied for. Forms can be downloaded from www.albertatechfutures.ca


Related Reading

For general inquires, please contact:

Tausha Mansfield
Grants Administrator
Tel: 780-450-5552
tausha.mansfield [at] albertainnovates.ca

Stacey Ohlmann
Director, Industry Development
Tel: 780-450-5505
stacey.ohlmann [at] albertainnovates.ca