Funding to help Businesses Reduce Energy Costs
The Government of Alberta is investing $40 million to help small and medium sized businesses find new ways to lower emissions, reduce energy costs, and grow the economy.
Small and medium sized businesses make up about 96% of businesses in Alberta 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, Emission Reduction Alberta's Emerging Innovators Challenge will help fund scale-up, pilot, and first-of-their-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. The Government of Alberta states that 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 December 14, 2023.
For more information and to apply, visit the Emissions Reduction Alberta website here: eralberta.ca
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