If you are an Alberta start up, small or medium sized company working on innovative geospatial technology products, you may qualify for a non-dilutive, 0% interest loan, repayable only after your product generates revenue.
The BUILD Program provides funding for projects with budgets greater than $300,000 with TECTERRA providing funding of up to 50% of your development and commercialization costs, to a maximum of $500,000 per project.
To be considered for funding
A company must be:
- A for-profit company
- Incorporated and operating in Alberta
- Minimum of one and no more than 500 full-time employees
- Annual sales revenue ordinarily not exceeding $50 million
Projects must include:
- The development of innovative products that include geospatial technology in the value chain
- Include a comprehensive technology commercialization plan
- Have a well-defined target market or customer
- Provide regular full-time employment for at least one net new Highly Qualified Personnel to work in Alberta on the development and/or commercialization of the project
Duration of projects
- Projects should last between 12 to 24 months including product development completion and start of commercialization
Funding Ratio
- TECTERRA will invest up to 50% of eligible total project costs
Funding Amounts
- TECTERRA matching contribution: $150,000 to $500,000 per project
Key technology and market priorities for this program include but are not limited to:
- Resource Management
- Clean Technologies
- Smart Cities
- Unmanned Systems
- Internet of Things (IoT)
Find out more: https://tecterra.com/programs/build/