Alberta Innovates - Industry Commercialization Associates Program (ICAP)

Funding Alert: Alberta Innovates - Industry Commercialization Associates Program (ICAP)

Accelerate your product commercialization and hire skilled talent with up to $120,000 in non-repayable funding through Alberta Innovates’ Industry Commercialization Associates Program.

Alberta SMEs can now access up to $120,000 through the Alberta Innovates – Industry Commercialization Associates Program (ICAP) to accelerate the commercialization of innovative technologies, hire skilled R&D associates, and bring new products to market faster.

The ICAP supports Alberta-based companies in hiring R&D or commercialization associates to strengthen internal capabilities, advance prototypes, and achieve measurable commercialization milestones. The program helps de-risk product launches, expand technical capacity, and drive Alberta’s innovation ecosystem.

Applications must align with Alberta Innovates’ priorities, demonstrate strong commercialization potential, and show measurable economic and business impact. Ayming Canada helps SMEs optimize applications, identify eligible costs, and secure maximum funding support.

Intake Period:

• Continuous intake, apply any time during the year.

Our government grants consultants help you apply

Funding Amount of Alberta Innovates – Industry Commercialization Associates Program

• Maximum funding: Up to $120,000 per project (non-repayable grant)
• Funding coverage: Up to 75% of eligible project costs

Who Can Apply?

The program is designed for Alberta-based small and medium-sized enterprises (SMEs) that are developing and commercializing new technologies.

• For-profit organizations incorporated and operating in Alberta
• SMEs with fewer than 500 employees
• Annual revenue under $50 million

Project Requirements

Eligible projects must support commercialization efforts and demonstrate clear economic value. Each project should:

• Include critical “go/no-go” milestones with measurable outcomes
• Be completed within one year
• Have a Technology Readiness Level (TRL) between 5 and 9
• Clearly define the Applicant’s 25% financial contribution

Eligible Costs

The program covers costs that directly support commercialization and product launch readiness, including:

• Base salary of the Associate (up to 75% of costs covered; Applicant funds at least 25%)
• Unrecoverable GST on eligible project expenses

Is the Industry Commercialization Associates Program right for you?

If your company is preparing to scale production, commercialize a new technology, or expand your R&D capacity, this program can help reduce risk and increase your speed to market.

However, navigating Alberta Innovates’ funding requirements can be complex and competitive. Projects must clearly align with the province’s innovation priorities and show measurable business and economic outcomes.

That’s where Ayming Canada comes in.

With over 35 years of experience and a 98.5% success rate, our team of government funding consultants manages every stage of the process – from eligibility assessment and cost breakdowns to compliance and long-term funding strategy.

Let us handle the paperwork and help you unlock up to $120,000 so you can stay focused on advancing your innovation.

Contact one of our grant consultants today and get your application started before program funding is fully allocated. Let us help you unlock funding while accelerating your path to commercialization.