Last Friday, the Alberta government announced a pilot of their long-awaited voucher program for small to medium sized Technology companies. The vouchers are meant to be used at authorized service centres (like TRLabs and others found here). The idea is to use these voucher to cover up to 75% of the costs of engaging the service providers on a project basis.
There will be $4 Million over two years that will be rolled out in stages. The pertinent points:
- The first batch of money will be awarded in March 2009, for projects to officially start April 1.
- The deadline for this first stage will be February 13, 2009.
- Companies can apply for one $10,000 and one $50,000 voucher over the life of the pilot.
- The work must be complete within 9 months of receiving the voucher.
- If a company does not win a voucher in one round, they can reapply in the next.
- Companies need to have less than 51 employees & less the $5 million in revenue
- Companies need to be registered and doing more than 50% of their business in Alberta.
One overall theme to the program is that it is geared towards “innovation” projects. In other words, they are looking to fund projects that help get new products and services to market, not fund business as usual. That approach should be kept in mind when filling in the online form.
Also, it is expected that the applicant has made some preliminary plans with the service provider before applying. This “pre-qualification” will give confidence to all three parties that project is grounded and has a high chance of success.
The program is deliberately broad to maximize the reach to the SME sector. If you have any idea in mind that you think could qualify, contact one of the providers as soon as possible to get the ball rolling.
