Accelerating Innovations into CarE (AICE) - Validate Program

Overview of the Accelerating Innovations into CarE (AICE) - Validate Program program:

The Accelerating Innovations into Care (AICE) - Validate Program by Alberta Innovates is designed to support the validation of innovative health technologies, services, or products in real-world clinical settings. This program aims to accelerate the translation of health innovations into the healthcare system, enhancing patient outcomes and creating economic benefits for Alberta. PLEASE NOTE* Applicants must submit Intake Forms at least 4 weeks in advance of the posted application deadline to be considered, and must submit their applications by 4:00 pm on the following submission dates: April 19, 2024 August 16, 2024 November 8, 2024

Benefits of the Accelerating Innovations into CarE (AICE) - Validate Program program:

• Key Features of the AICE - Validate Program
• Funding Support:
• The program provides non-dilutive funding to support the validation of health innovations. This funding helps cover costs associated with clinical trials, pilot projects, and other validation activities.
• Project Scope:
• Eligible projects include the validation of health technologies, services, or products that have the potential to improve patient care, reduce healthcare costs, or enhance the efficiency of the healthcare system.
• Collaborative Approach:
• Projects must involve collaboration between innovators, healthcare providers, and other stakeholders. This ensures that innovations are tested in real-world settings and meet the needs of patients and healthcare providers.

Eligibility criteria of the Accelerating Innovations into CarE (AICE) - Validate Program program:

• The AICE-Validate Program is designed for the following types of applicants:
• Alberta-Based Post-Secondary Institutions and Government Entities:
• These entities must have a clear intent to create a for-profit company to commercialize their technology.
• Alberta-Based For-Profit SMEs:
• SMEs must have a significant physical and operational presence in Alberta.
• They should have appropriate ownership within Alberta.
• There must be a clear intent that operational benefits will primarily flow within Alberta.
• Ideal Applicants
• Ideal applicants for the AICE-Validate Program typically exhibit the following
• Characteristics:
• Strong Proof-of-Concept Data:
• Applicants should provide solid evidence demonstrating the viability of their technology.
• Competitive Advantage:
• The technology should outperform both direct and indirect competitors in the market.
• Ownership or Exclusive Rights:
• Applicants must have ownership or exclusive rights to the technology they intend to commercialize.
• Experienced Management Team:
• A well-rounded and experienced management team is crucial for the successful execution of the project.
• Business Acceleration:
• Completion of an accelerator or business coaching program is advantageous.
• Emerging Technology:
• The technology should preferably be digital or data-enabled, with the potential to generate cost-effective and beneficial health outcomes.