In Alberta, there's a unique opportunity for your business to take part in a program aimed at transforming oil sands into high-value products like carbon fibers and graphene. This program is specifically designed to support innovation in your sector, offering grants and funding for projects that showcase a clear value proposition for Alberta. With no set funding limit, you can potentially access significant resources to advance your technology and creative solutions.

Participating in this program will not only help your business innovate and diversify into sustainable products, but it will also directly contribute to the local economy. By leveraging this funding, your business can be at the forefront of energy innovation, shaping a greener future while enjoying the benefits that come with it. This program offers a straightforward application process, making it easy for you to explore these possibilities without the usual complexities of funding. It's the perfect moment to transform challenges into opportunities.

The financing provided is a Grant. This means you won’t have to pay back the money you receive, which can significantly ease your financial burden.

Repayment Terms and Interest Rates

Since this is a grant, there are no repayment terms or interest rates attached to the funding. You receive the funds to advance your project without any financial strings attached.

Eligible Expenses

The funds can be used for a variety of expenses, including:

• Technology development costs within Technology Readiness Levels 3-7
• Research and development activities
• Materials and supplies necessary for your project
• Labor costs directly related to the project

Restrictions on Use of Funds

It's important to note that these funds cannot be used for:

• Individual salaries unrelated to the project
• General operating costs not directly tied to technology development
• Any projects that don’t meet the eligible activity criteria

Associated Fees

There are no hidden fees associated with this grant. You receive the funding with clear guidelines and no additional costs to consider.

• Location: Business must be based in Alberta.
• Eligible Sectors: All sectors are eligible.
• Minimum Employees: No minimum employee requirement.
• Maximum Employees: No maximum employee limit.
• Minimum Revenue: No minimum revenue requirement.
• Maximum Revenue: No maximum revenue limit.
• Legal Structure: All legal structures are acceptable.
• Profit Structure: All profit structures are eligible.

Disqualifications:

• None specified in the provided context.

This program focuses on transforming Alberta's oil sands into valuable products. With no set funding limit, you can potentially access funding to support your projects. The goal is to create high-value alternatives like carbon fibers and graphene, moving away from traditional combustion products.

You can use this funding for various activities, particularly projects that advance technology development. Whether it’s improving processes or creating new applications for oil sands, the idea is to show a clear value for Alberta. This approach not only helps your business innovate but also contributes to the local economy by diversifying oil sands usage.

This is an opportunity to be at the forefront of energy innovation. It allows you to explore new technologies and create sustainable products that have long-term market potential. By participating, your business can help shape a greener future while benefiting from the support available through this initiative.