This program is tailor-made for Alberta-based small to medium enterprises looking to innovate and grow. With up to $120,000 per year available to cover employee salaries, you can attract and retain the top talent needed to bring your new products and technologies to market. Not only does this funding help reduce the risks associated with commercialization, but it also enhances your potential for increased revenue and investment opportunities.

Applying to this program allows you to invest in your workforce without the immediate pressure of repayment. Your commitment, reflected in the 25% cash contribution, signals to your team and stakeholders that you’re serious about advancing your projects. Plus, the opportunity to extend the funding for a second year based on your success offers even more stability for your growth efforts.

This program stands out from other financing options because it's focused on fostering innovation rather than simply providing loans. It's not just about securing funds; it’s about creating a solid financial foundation for your growth. By taking advantage of this opportunity, you can propel your business forward in a supportive and structured manner.

The financing provided is a grant of up to $120,000 per year specifically designed for Alberta-based small to medium enterprises (SMEs). This funding can be used to cover employee salaries that help advance the commercialization of new technologies and innovative products.

Repayment Terms and Contributions:

• There is no repayment required on the grant itself, as it is not a loan.
• However, your business must contribute at least 25% cash towards the qualifying expenses.
• The funding typically supports a one-year term, with the possibility of extending for a second year based on project performance.

Eligible Expenses and Limitations:

• Funds can be used towards salaries of employees vital for attracting and retaining talent, and for de-risking commercialization efforts.
• The focus is on activities that promote revenue, export growth, and investment positioning.
• However, the funds cannot be used for anything outside of these stated purposes, such as general operational costs or unrelated capital expenses.
• There are no associated fees with accessing this program.

This is a straightforward opportunity for qualified SMEs to enhance their workforce while minimizing financial strain.

• Location: The business must be based in Alberta.
• Business Type: Eligible for small to medium enterprises (SMEs).
• Funding Amount: Can apply for up to $120,000 per year for employee salaries.
• Employee Requirement: No minimum or maximum number of employees needed.
• Revenue Requirement: No minimum or maximum revenue qualifications specified.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are eligible.

Disqualifications:

• None specified in the context provided.

This program offers you up to $120,000 per year to help with employee salaries. It's designed to support Alberta-based small to medium enterprises like yours that want to bring new technology and innovative products to the market. You can use this funding to attract and retain skilled employees, which is crucial for advancing your business.

The goal is to help you reduce risks associated with commercialization, boost your revenue, and enhance your investment potential. To benefit from this funding, you'll need to contribute at least 25% in cash, which shows your commitment to the project. The initial support is for a one-year term, with the option to extend for a second year if your project performs well.

This opportunity gives you a solid financial foundation to grow your business without the pressure of immediate repayment. It’s about investing in your workforce and fostering innovation. Your potential for growth just got a significant boost.