The Innovation Employment Grant encourages economic growth by supporting small and medium-sized businesses that invest in research and development (R&D) with a grant worth up to 20% of qualifying expenditures.
The program promotes investment and diversification by rewarding all R&D spending in Alberta, regardless of the industry, and complementing the Job Creation Tax Cut by focusing on small and medium-sized firms in the earlier stages of operation, when they might not yet be profitable.
Together, the Innovation Employment Grant and the Job Creation Tax Cut support companies of all sizes and at all stages of their business cycles.
