Micro Voucher Program

Overview of the Micro Voucher Program program:

The Micro Voucher Program helps Alberta tech companies to design and/or develop innovative technology solutions by providing up to $10,000 in non-dilutive funding. Qualified activity includes: design, engineering, and prototype development, product testing and refinement, patent development, advanced market assessment or segmentation analysis, certifications, and advanced business and/or marketing strategies. Other technology development activities that will be considered on a case-by-case basis.

Benefits of the Micro Voucher Program program:

• The Micro Voucher Program provides up to $10,000 to help Alberta tech companies design and/or develop innovative technological solutions.

Eligibility criteria of the Micro Voucher Program program:

• To qualify for this program:
  • You have fewer than 500 full-time employees and less than $50,000,000 in annual gross revenue.
  • You can pay a minimum 25 per cent cash contribution of the total eligible project costs.
  • You have a novel technology with an opportunity for intellectual property.
  • Your digital technology could scaleup in one to two years, if successful.
  • Your functional requirements and features are defined, and you can prove that the concept is technically feasible.
  • You have or are working towards establishing a management team and foundational business agreements.
  • You can identify target customer, customer segments and possible markets.
  • You have completed an initial high-level competitive position analysis and understands any regulatory hurdles to entering the market.
  • You can complete the proposed project within six months.
• Additional Resources: https://albertainnovates.ca/wp-content/uploads/2023/05/MV-Standardized-Program-Guide-FINAL-July-182023.pdf