Industry Commercialization Associates

Overview of the Industry Commercialization Associates program:

The Industry Commercialization Associates Program helps you build a solid team with top talent. Qualified applicants may apply to receive up to $120,000 in non-dilutive funding toward an employee salary per year for up to two years. Applicants must commit a minimum 25 per cent cash contribution of the total annual base salary.

Benefits of the Industry Commercialization Associates program:

• The Industry Commercialization Associates Program can help you:
• Attract and retain business talent.
• Accelerate the commercialization of new technology and innovative products.
• Access financial resources to de-risk the commercialization of new tech or innovation-based products.
• Promote revenue, export growth, and investment positioning.
• The key outcomes (i.e., measurable effects) the program will accomplish for the benefit of Albertans
• Are:
• Net jobs created
• Revenue/export growth
• SME investment growth
• Commercialization progression & scale-up
• Economic diversification

Eligibility criteria of the Industry Commercialization Associates program:

• Applicant Eligibility
• The Industry Commercialization Associate Program is open to for-profit organizations or SMEs.
• In addition, to qualify for funding, the Applicant must:
• Not have more than two (2) active Alberta Innovates-funded associates simultaneously.
• Exist as a corporate person, with up-to-date corporate filings.
• Be authorized to undertake the proposed project, and execute a grant with Alberta Innovates on our
• Standard terms; and
• Not otherwise be prohibited from receiving Alberta Innovates funding, for instance due to a past
• Bad debt or otherwise not be in good financial standing with Alberta Innovates or its subsidiaries,
• InnoTech Alberta and C-FER Technologies.
• Be incorporated in Alberta AND/OR incorporated in another jurisdiction and extra-provincially
• Registered in Alberta, OR
• Be a General Partnership, Limited Partnership or Limited Liability Partnership and registered in
• Alberta.
• To qualify as a small or medium enterprise (SME), a company must have fewer than 500 full-time
• Employees and less than $50,000,000 in annual gross revenue.
• Companies must be Alberta-based with an Alberta footprint, which includes a significant physical
• And corporate operational presence in Alberta; appropriate Alberta ownership; and discernible
• Intent that operational benefits will flow primarily within the Province of Alberta.
• Project Eligibility
• To qualify for funding, all Projects must:
• Align with the objectives of the Industry Commercialization Associate Program;
• Be stepped with critical go/no go milestones;
• Be completed within the 1-year term;
• Outline the financial contribution required by Applicant; and/or
• Comply with other criteria that Alberta Innovates may develop from time to time