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.
- 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); and
- 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