📋 Eligible Entities - Alberta-based small and medium-sized enterprises (SMEs) - Private for-profit companies - Technology-focused businesses developing digital products - Companies with fewer than 500 employees (typical SME threshold) - Businesses registered and operating in Alberta - Companies with a demonstrated need for product development expertise ### 💰 Funding Details - Grant Amount: Up to $100,000 per recipient - Cost Coverage: 75% of eligible salary costs - Recipient Responsibility: 25% matching contribution (in-kind or cash) - Repayability: Non-repayable grant (funding does not require repayment) - Fund Structure: Direct grant disbursement to cover product associate wages - Duration: Typically 12-24 months (verify exact term with Alberta Innovates) ### 🛠️ Approved Expenses - Salary and wages for a dedicated product associate position - Employee benefits (benefits package as defined in program guidelines) - Payroll-related deductions and employer contributions - Professional development directly related to product scaling duties - Not covered: Existing employee salaries, contractors, consulting fees, or indirect costs ### ⚠️ Conditions & Milestones - Applicant must demonstrate a viable digital technology product or concept - Hired product associate must have proven expertise in product development, commercialization, and scaling - Company must commit 25% matching contribution to the initiative - Funds must be used exclusively for the product associate position - Regular reporting and performance tracking required throughout funding period - Recipient must maintain the position for the full grant term to avoid clawback provisions - Application deadline and intake periods determined by Alberta Innovates (check current availability) - Product must show clear commercialization potential and scalability roadmap
À propos de ce programme
Get a grant up to $100,000 to cover 75% of the costs to hire a product associate with expertise in developing, commercializing, and scaling digital technology.
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