RBC Summit 2019 REMOVING BARRIERS: STARTUP FUNDING AND SUPPORT AVENUES
SUPPORT ECOSYSTEM Coaching Community SMEs SMEs Capital
TRADITIONAL FUNDING SOURCES
FEDERAL AND PROVINCIAL AVENUES NRC-IRAP https://www.nrc-cnrc.gc.ca/eng/irap/ Includes information about NRC-IRAP, advisory services, and programs. AB AGRICULTURE AND FORESTRY https://cap.alberta.ca/CAP/ Information about the Canadian Agriculture Partnership program in Alberta Building and connecting agriculture capacity to get products to market. ALBERTA EDT https://www.alberta.ca/community-economic-development.aspx Alberta Economic Development and Trade – Community and Economic Development Includes Economic Development support information, funding and grants, Indigenous community programs. AB INNOVATES https://albertainnovates.ca/funding-entrepreneurial-investments/ Information about all AB Innovates Entrepreneurial Investment services and funding. AB INNOVATES https://albertainnovates.ca/funding-clean-technology/climate-change-innovation-and-technology-framework-ccitf/ Information about services and funding around the Alberta Innovates Climate Change Innovation and Technology Framework (CCITF).
Alberta Innovates Business lines Investments Emerging Technologies Health Innovations Investments Entrepreneurial Investments Post Secondary Investments Clean Energy Bio Sector
Mission > Vision > Strategy Business Model / Market Fit FUNDING PROGRAMS FORMATION Mission > Vision > Strategy VALIDATION Lean Startup GROWTH Scale Up -2 -1 1 2 3 Problem / Solution Fit Vision / Founders Fit Product / Market Fit Business Model / Market Fit Micro-Voucher/Voucher Early Stage Start Up Support via RIN Product Demonstration Program Micro-Voucher: TRL 2 – TRL 4 Up to $10,000 / $100,000 Voucher: TRL 3– TRL 6 Up to $10,000 / $100,000 Product Demonstration Program: TRL 7 – TRL 8 Up to $100,000 – $300,000 r&D Associate: TRL 2 – TRL 8 Level 1: up to $52,500 Level 2: up to $67,500 Commercialization Associate: TRL 2 – TRL 8 Level 1: up to $52,500, Level 2: up to $ 75,000 Level 3: up to $ 105,000 R&D Associate (salary assistance) Commercialization Associate (salary assistance)
FUNDING PROGRAMS FORMATION Mission > Vision > Strategy VALIDATION Lean Startup GROWTH Scale Up -2 -1 1 2 3 Problem / Solution Fit Vision / Founders Fit Product / Market Fit Business Model / Market Fit Alberta Small Business Innovation & Research Initiative (ASBIRI) Clean Technology Commercialization & Networks Programs Micro-Voucher: TRL 2 – TRL 4 Up to $10,000 / $100,000 Voucher: TRL 3– TRL 6 Up to $10,000 / $100,000 Product Demonstration Program: TRL 7 – TRL 8 Up to $100,000 – $300,000 r&D Associate: TRL 2 – TRL 8 Level 1: up to $52,500 Level 2: up to $67,500 Commercialization Associate: TRL 2 – TRL 8 Level 1: up to $52,500, Level 2: up to $ 75,000 Level 3: up to $ 105,000 Global Partnership Program – Mexico/China Clean Technology Business Innovation
Climate Change (CCITF) Innovation & Technology Framework Clean Technology Development Clean Technology Business Innovation Clean Technology Networks Clean Technology Facilities Clean Technology Commercialization Clean Technology Large Scale (ERA)
8 REGIONAL INNOVATION NETWORKS Regional Innovation Networks Fort McMurray Grande Prairie Lloydminster Edmonton Central Alberta Calgary Existing Networks Fort McMurray Grande Prairie Lloydminster Edmonton Red Deer Calgary Medicine Hat Lethbridge Medicine Hat Lethbridge
REGIONAL INNOVATION NETWORK OF SOUTHERN ALBERTA UNIVERSITY OF LETHBRIDGE LETHBRIDGE COLLEGE NRC-IRAP BLOOD TRIBE ECONOMIC DEVELOPMENT COMMUNITY FUTURES LETHBRIDGE SOUTHGROW ALBERTA SOUTHWEST LETHBRIDGE CHAMBER OF COMMERCE PIIKANI RESOURCE DEVELOPMENT ALBERTA INNOVATES TECCONNECT/EDL SMEs SMEs
Clients and services Clients Services Why? South West Alberta-based SMEs Alberta Innovates and RINSA focus on Technology or knowledge-based entrepreneurs Services Access to experienced business advisors Ecosystem navigators One-on-one guidance Match-making and network connections Training and Workshops Meeting and working space Why? Accelerate growth Coaching and network development Education and learning Access to non-dilutive capital
FEDERAL/PROVINCIAL CONTACTS CAL KOSKOWICH, Industrial Technology Advisor (ITA), NRC-IRAP Calvin.Koskowich@nrc.gc.ca Located at Lethbridge College JAN WARREN, New Venture Coach, Alberta Agriculture and Forestry Jan.Warren@gov.ab.ca Located at the Lethbridge Research Station LINDA ERICKSON, Manager SW, Regional Economic Development Services, Alberta Economic Development and Trade Linda.Erickson@gov.ab.ca Located in Downtown Lethbridge DR. CHRISTINE MURRAY, Director, Agricultural Technologies, Alberta Innovates Alberta Innovates Christine.Murray@albertainnovates.ca Located at the University of Lethbridge LINDSAY SPADAVECCHIA, Technology Development Advisor (TDA), Alberta Innovates Lindsay.Spadavecchia@albertainnovates.ca Offices at Tecconnect and Lethbridge College, often on campus at University of Lethbridge
RINSA RENAE BARLOW, Tecconnect/EDL renae@chooselethbridge.ca DAVE HINGER, University of Lethbridge hingde@uleth.ca GREG VILK, University of Lethbridge Greg.Vilk@uleth.ca NORMA WOLFCHILD, Blood Tribe Economic Development Wolfchild@bloodtribe.org BEV THORNTON, Alberta Southwest bev@albertasouthwest.com CAL KOSKOWICH, NRC-IRAP Calvin.Koskowich@nrc.gc.ca MEGAN SHAPKA, Lethbridge College Megan.Shapka@lethbridgecollege.ca DARLENE SINCLAIR, Community Futures Lethbridge dsinclair@albertacf.com ROBIN LEE TWIGG, Piikani Resource Development admin@prdl.ca PETER CASURELLA, SouthGrow Peter.Casurella@southgrow.com CYNDI VOS, Lethbridge Chamber of Commerce cyndi@lethbridgechamber.com LINDSAY SPADAVECCHIA, Alberta Innovates Lindsay.Spadavecchia@albertainnovates.ca
PLEASE REACH OUT! Technology Development Advisors: LINDSAY SPADAVECCHIA Technology Development Advisor, Alberta Innovates SELF-REGISTRATION PORTAL www.connectwithus.albertainnovates.ca EMAIL Lindsay.Spadavecchia@albertainnovates.ca Technology Development Advisors: Support SMEs in their region to further develop or commercialize their ideas or technology. Provide entrepreneurs or SMEs advice on matters related to technology or business process. Connect entrepreneurs and SMEs to services inside Alberta’s innovation system. Support members of the Regional Innovation Network and their clients.