The Government of Alberta has announced its new Innovation Employment Grant (IEG) program will launch on Jan. 1, 2021 to support SMEs that invest in R&D.
What is the IEG program?
The IEG provides businesses that make investments in technology and innovation with a grant of up to 20% of R&D spending.
How will it work?
SMEs can access an 8% payment on its base level of R&D spending, providing stable support. In addition, a 20% incremental payment will be available for increases in R&D spending.
What is the deadline to apply?
This fund has not yet launched, and program specifics have not yet been made available.
The Government of Alberta has recently announced several new funds for businesses. Work with Fundingportal to get funded.