The Big Future Innovation Grant offers an opportunity for two small business owners to each receive a $25,000 grant to support growth and encourage innovation. The grant is a program from Alberta Central, the central banking facility for credit unions in Alberta.
Requirements
The Alberta Central Big Future Innovation Grant is open only to Alberta businesses that, at the time of entry, qualify as eligible for-profit small businesses. Applicants must be legal residents of Alberta who, at the time of entry, are independent owners/operators or authorized agents of an eligible for-profit small business and at least 18 years of age. Applicants must be able to show proof of their existing business within their application through a corporation number or business license. Winners will need valid government-issued ID and a credit union business account to receive the grant money, which will be deposited into the credit union business account. There is a limit of one application per business.
Small Business Criteria
To be considered an “eligible for-profit small business” for purposes of this grant, the business must meet all of the following criteria:
- Based in Alberta.
- Currently active, lawful, and have all necessary and required licenses and registrations.
- In good standing with the requirements of applicable legislation as of the date of submission and must remain so through the end of the notification period.
- Have no more than 99 employees on its payroll at the time of submission (sole proprietors are considered as an employee, and part-time employees are included).
- In continuous operations for not less than one year as of October 1, 2021.
Timelines
- Applications open: October 14th, 2021
- Applications close at midnight: November 4th, 2021
- Finalists announced: November 22nd, 2021
- Finalist presentations: December 7th, 2021
- Innovation Grant winners announced: December 12th, 2021
Apply Now for the Alberta Central Big Future Innovation Grant 2021