Here are some key highlights from the Edmonton Edge Fund Phase 1 Program Guide:
- $5M total funding available in non-repayable grants through two streams: Start (up to $100k) and Scale & Grow ($250k to <$1M).
- Projects must achieve at least one of four Expected Outcomes: job creation, economic benefits, downstream/upstream benefits, social/environmental benefits.
- Applicants must be registered businesses or non-profits with an economic mandate operating in or relocating to Edmonton.
- Two-stage application process starting with Expression of Interest submission by Sept 18, then full applications by Nov 6 if shortlisted.
- Funding supports new, innovative projects physically located in Edmonton for a max 2 years.
- Eligible costs include direct project costs, marketing, advisory services, reasonable travel. Ineligible are general overhead, retroactive costs.
- Evaluation criteria prioritize Expected Outcomes, business case, growth potential, finances. Diversity and inclusion focused applicants prioritized.
- Scale & Grow stream requires 50% matching funds. Funding dispersed on milestone completion over 2 years max.
- Deadline to apply is Nov 6, 2023. Decisions notified by Dec 2023. Funding agreement finalize project milestones.
- $5M total is competitive so not all applicants will receive funding. Incomplete applications less competitive.
Janice Wan, MBA Amarjeet Sohi Catherine Warren Nisarg Patel Neeraj Gupta Brett Duncan Perry Kinkaide Malcolm Bruce MSM, ICD.D Satya Brata Das Edmonton Global University of Alberta Alberta Innovates Edmonton Chamber of Commerce Jodi Fulford Riya Ganguly PhD, MBA, ICD.D Isha Katyal Invest Alberta
The City of Edmonton is pleased to launch Phase 1 of the Edmonton Edge Fund. The goal of the $5 million funding program is to address barriers for innovative businesses and non-profit organizations looking to do something transformative in Edmonton. The fund will support projects that will help drive our City’s economic growth and diversification, and create jobs for the future.
Intake for Expressions of Interests is now open Aug 28 to Sep 18, 2023. For details and to apply visit www.edmonton.ca/EdgeFund
#EdmontonEdgeFund #Innovation
Read more about it at www.edmonton.ca/EdgeFund
Edmonton Edge Fund | City of Edmonton
edmonton.ca