Alberta believes a supportive environment for business, research and innovation is important to ensuring stable economic growth and success.
In addition to its world-class infrastructure, Alberta has the lowest overall taxes in Canada and a highly skilled, educated, and productive workforce. It’s a great place to live and do business!
The province’s bioindustry has access to a wide range of financial resources through government initiatives. These include capital and business development programs, granting agencies, business incubators and tax benefits that can help your company with every level of development.
We have one of the most competitive tax systems in North America:
- Lowest overall personal tax burden
- Competitive corporate taxes
- Lowest fuel taxes among provinces
- No capital tax
- No payroll tax
- No health premiums
- No provincial sales tax
Funders of research and innovation
- Prairies Economic Development Canada (PrairiesCan) (formerly WD)
- Jobs and Growth Fund - PrairiesCan is the department that diversifies the economy across the Canadian Prairies. The Jobs and Growth Fund provides funding to businesses and organizations to help create jobs and position local economies for long-term growth.
- Business Scale-up and Productivity - PrairiesCan makes strategic investments in key economic sectors and also supports the development of leading industry geographic clusters through its Business Scale-up and Productivity (BSP) program.
- Mitacs - Mitacs powers research and development by connecting industry with the best post-secondary institutions to solve business challenges. (Must be working on applied research with a post-secondary institution).
Numerous other sources of funding fuel research, development and commercialization in Alberta to attract and strengthen venture capital investments in the province.
- AAFC’s Agricultural Clean Technology (ACT) Program
- The ACT Program aims to create an enabling environment for the development and adoption of clean technology that will help drive the changes required to achieve a low-carbon economy and promote sustainable growth in Canada’s agriculture and agri-food sector.
- Research and Innovation Stream - will support pre-market innovation, including research, development, demonstration and commercialization activities, to develop transformative clean technologies and enable the expansion of current technologies, in 3 priority areas: green energy and energy efficiency, precision agriculture, and bioeconomy.
- Adoption Stream - will support the purchase and installation of commercially available clean technologies and processes with a priority given to those that show evidence of reducing greenhouse gas (GHG) emissions, and other environmental co-benefits.
- Alberta Innovates Building with BioFibre Program - closes December 20, 2021
- Building With BioFibre, Alberta Innvovates' latest round of bioindustrial funding, encourages novel ways to use hardwood, agriculture residual fibre and crop resources to advance sustainable and technological innovation, build capacity and enhance value-added capabilities in Alberta.
- They are also seeking to develop green construction products using biocomposite materials, and encourage prefabrication through automation and digital technologies to increase productivity, improve efficiency and reduce environmental impact.
- The program is open to technology developers, industry, industrial associations, small and medium enterprises, research and development organizations, post-secondary institutions, municipalities, not-for-profit organizations, government research labs and individuals.
- Natural Resources Canada (NRCan) Energy Innovation Program - closes February 2, 2022
NRCan’s Energy Innovation Program is looking for ideas to fund pre-commercial production and utilization of clean fuels in industry, as well as the development and upgrade of hydrogen codes and standards.
The production and utilization of clean fuels represents a necessary pathway to decarbonizing the Canadian economy and achieving net zero by 2050. Additionally, developing cleaner fuels pathways can position Canada as a net exporter of clean fuels, processes and technologies to contribute to global emissions reduction efforts.
- Bioindustrial Innovation Canada (BIC) BioProducts Cluster - closes April 15, 2022
- BIC is seeking proposal Letters of Intent for research projects for consideration as part of the BioProducts AgSci Cluster under an anticipated next Agriculture and Agri-Food Canada (AAFC) policy framework (2023-2028).
- The BioProducts AgSci Cluster is a nationally focused pre-commercial science and technology cluster funded by AAFC as part of their Agriscience policy framework initiatives. The goal of the BioProducts AgSci Cluster is to create unique and growing opportunities for Canadian farmers and the agriculture sector through the development of industrial bioproducts.