This program offers you an excellent chance to secure funding without the stress of repayments. If your Alberta-based small business demonstrates innovation and growth potential, you can receive a grant that can be used for various activities that support your goals. With no set budget or maximum funding amount, there's significant potential for resources that can directly benefit your unique ideas.

By applying, you position your business to receive financial support that could enhance your operations and help you innovate. The best part? Receiving this grant can free up your resources, allowing you to focus on what you do best—growing your business. Plus, the qualification process is straightforward, making it easier for you to take advantage of this opportunity.

The financing offered is a Grant. This means that you do not need to pay the funds back, making it a fantastic opportunity for your business to access needed capital without worrying about future repayment.

Eligible Expenses

Funds from the grant can be used for various business-related expenses. These include:

• Research and development costs
• Equipment purchases
• Salaries for new employees
• Other innovative projects that boost your business's growth potential

What Funds Cannot Be Used For

It’s important to know that the funds cannot be used for:

• Personal expenses
• Non-business related activities
• Any activities that do not comply with the law

Fees

There are no fees associated with this grant. It’s straightforward: apply, receive the funds if approved, and use them to grow your business without any hidden costs.

• Location: Must be based in Alberta.
• Business Type: For-profit small business.
• Employees: Must have up to 99 employees.
• Operation Duration: Must be in continuous operation for at least one year as of October 1, 2024.
• Business Account: Must hold a credit union business account to receive grant funds.

Disqualifications:

• Businesses not based in Alberta.
• Non-profit organizations.
• Businesses with more than 99 employees.
• Businesses not in operation for at least one year as of October 1, 2024.

This program offers financial support for your Alberta-based small business that shows signs of innovation and growth. You may receive a grant that doesn't need to be repaid, which means the money can be used to enhance your business without the stress of future payments. This funding can be applied to various business activities, as long as they are legal.

To be eligible, your business should have up to 99 employees and be operational for at least one year before October 1, 2024. It's important to have a credit union business account to receive the funds. This program is a wonderful opportunity for your business to gain the support it needs to grow and innovate without the burden of debt.

With no fixed budget or funding amount specified, there could be significant resources available for you. Your unique ideas and potential for growth deserve backing, and this program could be the stepping stone you need to bring your vision to life.