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alberta.ca
The Innovation Employment Grant encourages economic growth by supporting small and medium-sized businesses that invest in research and development (R&D). It provides a grant worth up to 20% of qualifying expenditures. The IEG can be combined with federal SR&ED for up to 55% combined R&D cost recovery.
Grant encouraging economic growth by supporting R&D investments in Alberta, providing an 8% payment for base R&D spending and an enhanced 20% payment for spending exceeding the base. Benefits apply to up to $4 million in annual R&D spending.
Business Size: small, medium
Region: Alberta
Other Criteria: corporations, invest in research and development (R&D), earlier stages of operation (might not yet be profitable), taxable capital between $10 million and $50 million (grant phases out incrementally), eligible expenditures incurred in Alberta after December 31, 2020, expenditures match those that qualify for the federal Scientific Research and Experimental Development (SR&ED) Tax Incentive Program, qualifying expenses verified by Canada Revenue Agency (CRA) and confirmed by Alberta Tax and Revenue Administration
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This program is available to small, medium businesses located in Alberta.
This program offers funding up to $800,000.
This program is ongoing with no fixed deadline.
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