Over a span of 5 years ending in 2012, CETAC-WEST successfully managed and administered ~$3.3 million in funding for 15 distinct technology demonstration projects through the Unleashing Innovation program administered by Alberta Advanced Education & Technology and with the support of Alberta Finance and Enterprise.
The combined total project costs for the 15 projects in the program are estimated at over $22 million with a funding leverage factor of almost 7 to 1.
This demonstration program
- Provided seed funding and business advice to help “open the door”
- Initiated significant partnerships between small businesses and industry that extend beyond the demonstration
The overall success of our Technology Demonstration program can be attributed to the fact that we not only provided funding to the demonstration projects, but also leveraged our unique market driven technology commercialization process to provide entrepreneurs with the necessary market access, business acumen, and skills to utilize the funding more astutely.