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Home > Development > Alberta Innovation Voucher Program Alberta Innovation Voucher Program
TRLabs is an Approved Service Provider for Alberta Advanced Education and Technology's $2 million/year Innovation Voucher Pilot Program designed to help small technology and knowledge-driven businesses in Alberta accelerate product idea transition into the marketplace. Between 80 and 140 projects/year are anticipated to be supported over the initial two-year period of the pilot program.Companies can apply for vouchers worth up to $10,000 or $50,000 to be used at Alberta's public and not-for-profit service providers (such as TRLabs) for business and technology development services.
- A voucher to a maximum value of $10,000 for smaller fee-based services such as marketing studies, business advice, or business formation
- A voucher to a maximum value of $50,000 for more substantial technology development activity such as product prototyping, lab verification, field testing, etc.
Innovation Voucher Program Benefits for Companies:
- Leverage of up to 4:1
- Engagement of outside technical expertise
- Accelerated product development cycle
Eligibility/Details:
- Open to businesses that are technology or knowledge-driven and are developing new products or services for growing markets.
- The business must be registered in Alberta or Canada, conduct more than 50 percent of its business in Alberta, have 50 or fewer staff, with gross revenues not exceeding $5,000,000 in the preceding fiscal year.
- Application Deadline for the second round - November 20, 2009.
As Canada's largest ICT R&D consortium representing industry, government, and academia, TRLabs has a 23 year history of aligning skilled resources around business innovation need.
TRLabs Services & Areas of Expertise
TRLabs' technical services relevant to the Innovation Voucher Program include but are not limited to the following:
- Prototype Development
- Technology and System Integration
- Pre-Certification Testing and Validation
- Demonstration Environment Access
TRLabs Advantages
- Technical know-how
- TRLabs technology commercialization experience and business connections
- IP is fully transferred to the company without restriction upon completion of the project. In certain circumstances if the project is larger, IP sharing can be negotiated to the benefit of the participating company
- Extensive development and testing experience. TRLabs has completed 53 development projects for industry since 2000, and 100 wireless development and pre-commercialization testing projects since 2002
Further Information:
Companies interested in the Innovation Voucher Program are strongly encouraged by the Government of Alberta to meet with prospective approved service providers to discuss their project before applying to the innovation voucher program. TRLabs welcomes any company to contact us to help assess your project needs and assist in the voucher application process.