Alberta’s government is investing $40 million to help small and medium businesses find new ways to lower emissions, reduce energy costs and grow the economy.
Small and medium-sized businesses are the backbone of the Alberta economy. They make up about 96 per cent of businesses and employ hundreds of thousands of Albertans, making them an important part of reducing emissions while creating jobs across the province.
Funded by Alberta’s Technology Innovation and Emissions Reduction system, Emissions Reduction Alberta’s Emerging Innovators Challenge will help fund scale-up, pilot and first-of-kind emissions-reduction projects. The $40 million will help support new ideas and innovations that have not been commercialized before in everything from energy efficiency and heating to digital solutions and reducing methane emissions – and a whole lot more. These projects will help businesses reduce costs, increase efficiency and stay competitive.
This investment is part of Alberta’s Emissions Reduction and Energy Development Plan, and the government’s work to reduce emissions while supporting a strong economy.
The Emerging Innovators Challenge is open to small enterprises (organizations with fewer than 50 employees), medium enterprises (organizations with fewer than 500 employees) and Indigenous communities and organizations of any size. Up to $5 million is available per project, with a minimum request of $250,000. Applications under the Emerging Innovators Challenge can originate from anywhere around the world but must be piloted, demonstrated or deployed in Alberta. The application deadline is Dec. 14.
- Through the Technology Innovation and Emissions Reduction system, the Government of Alberta invests revenues from the industrial carbon price to accelerate the development and adoption of innovative clean technology solutions.
- Funded by the Government of Alberta, Emissions Reduction Alberta has committed $887 million toward 254 projects worth $7.7 billion that are helping reduce emissions, keep industry competitive and lead to new business opportunities in Alberta.
- Emissions Reduction Alberta’s projects to date are estimated to deliver 40 million tonnes of emissions reductions by 2030 and 110 million tonnes of emissions reductions by 2050