Industry Supports

Wednesday, 01 September 2010 00:00

1. Alberta Innovation Vouchers
   • As part of its mandate to enhance commerce within the province, Alberta Innovates - Technology Futures has taken over responsibility for the Alberta Innovation Vouchers program from Alberta Advanced Education and Technology. Due to this program migration we are currently reviewing the award guidelines, application and selection process to ensure it best meets the needs of Alberta entrepreneurs and small business.  Please check back often for further updates and information on the progress of this review and when applications will once again be accepted for the program.


2. Alberta Deal Generator
   • www.dealgenerator.com
   • Alberta Deal Generator works to facilitate investment in high-growth Alberta technology companies. Alberta Deal Generator (ADG) has established the largest network of accredited investors in Canada who are actively pursuing opportunities in Alberta’s early and growth-stage companies.
   • Through a screening process ADG identifies technology companies that are “investment ready” and then connects these firms with our network of angel investors, Venture Capital firms and other investor groups in special presentation forums.


3. Alberta Energy Research Institute
   • www.aeri.ab.ca/sec/fun_opp/fun_opp_001_1.cfm
   • Organizations developing Alberta’s resources are eligible to apply to AERI for funding for the development of novel research and technology solutions that will help sustain and grow Alberta’s economy while improving environmental performance.


4. Alberta Ingenuity Fund
   • www.albertaingenuity.ca/programs/funding/programs
   • The Alberta Ingenuity Fund was established to develop internationally competitive science and engineering expertise and build greater capacity for innovation, particularly in areas with lasting social and economic impact. The highest calibre of research is supported through an endowment established by the Government of Alberta in 2000.


5. Alberta Scientific Research and Experimental Development Tax Credit
   • www.advancededucation.gov.ab.ca/technology/wwwtechnology_asp/techprior/priorities.asp
   • The Alberta Scientific Research and Experimental Development (SR&ED) tax credit benefits businesses of all sizes and in all sectors that conduct research and development that will lead to new, improved or technologically advanced products or processes.
   • The credit is worth 10 per cent of a company's eligible expenditures up to $4 million, for a maximum credit of $400,000. It will be refundable for all companies.
   • The credit is for all expenditures incurred after December 31, 2008 that are also eligible for the federal Scientific Research and Experimental Development Credit.The Alberta SR&ED tax credit is over and above the federal SR&ED credit, helping the research and development investments made by Alberta companies go further.
   • Because the credit is refundable, start-up and early-stage companies will still be able to benefit from the credit even if they are not yet earning enough income to pay income taxes.


6. Business Link Info Centre
   • www.canadabusiness.ca/alberta/main.cfm (Under Financing – Federal and Provincial Grant Programs)
   • Information on grants, contributions, subsidies, etc. can be found on this site. Each with specific criteria and targeted to specific clients.


7. Calgary Technologies Inc (CTI)
   • www.calgarytechnologies.com/bins/index.asp
   • CTI offers programs, services and resources designed to help you build your small- to medium-sized companies by setting you up for success. Our programs link you to various sources of financing and connect you with business experts who can help you identify and address the challenges of your company’s growth.
   • CTI connects you to the right people with the right resource at the right time to enhance business to business contact beyond Alberta’s borders and promote innovation


8. National Research Council Industrial Research Assistance Program (NRC- IRAP)
   www.irap-pari.nrc-cnrc.gc.ca/
   • The NRC Industrial Research Assistance Program (NRC-IRAP) provides a range of both technical and business oriented advisory services along with potential financial support to growth-oriented Canadian small - and medium-sized enterprises.
   • Working directly with clients, NRC-IRAP supports their innovative research and development and helps them become commercialization-ready with their new products and services.


9. Precarn
   • www.precarn.ca/
   • Precarn helps Canadian companies bridge the "innovation gap", sometimes referred to the "Valley of Death", between university and government research and commercial application.


10. Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
    
    • www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html
      The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.
      The SR&ED program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada that will lead to new, improved, or technologically advanced products or processes. The SR&ED program is the largest single source of federal government support for industrial research and development.
      Claimants can apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR&ED contracts.


11. TEC Edmonton
    
    • www.tecedmonton.com
    • TEC Edmonton is a not-for-profit agency that helps people transform technological inventions and innovations into business opportunities. It primarily serves the Alberta Capital Region, but two programs are Alberta-wide.
    • TEC Edmonton helps inventors, entrepreneurs, companies and investors access expertise, facilities, management and financing to succeed in technology ventures. About 30 staff, including interns, provide assistance in three overlapping areas, represented by “TEC”: Technology, Entrepreneur & Company development.