Tecterra-The Daily Ledger

Tecterra, usually written as TECTERRA or TECTERRA Inc., is a Canadian geomatics technology innovation support centre. Established in June 2010 as a non-profit organization, Tecterra assists geomatics technology companies across Alberta to achieve commercial success faster than they can on their own. With current funding from the Government of Alberta, Tecterra is focused on investing in geomatics innovation for resource management and other markets. The organization's funding model is unique, as support for companies does not require Intellectual Property ownership or corporate equity in exchange for funds.

History

Beginning operations in 2010, Tecterra was created in collaboration with the Alberta government to better utilize the natural resources in Alberta through the commercialization of geomatics technology. Tecterra's goal is to create prosperity through innovation, where innovation is the tangible value gained from the use of technology in everyday life. Tecterra's funding sources have included: Western Economic Diversification Canada, Alberta Innovates - Technology Futures, and the Government of Canada - Centres of Excellence for Commercialization and Research.

Tecterra

Programs

Tecterra supports companies through their funding and support programs. Companies are invited to apply to their programs at any time, and an internal review process is conducted alongside Tecterra's advisory committees. Programs include:

Tecterra

Industry Investment Program (IND) The Industry Investment Program enables and supports small to medium size Alberta geomatics companies in the development and commercialization of innovative geomatics solutions for integrated resource management. Funding is focused on solutions for energy, forestry, agriculture, environment, land management and land development. Companies that apply under this program are eligible to receive from $150,000 to $500,000 in matching contribution. Funding is provided as an interest free loan repayable only after commercial success.

Tecterra

Qualifying companies fit the following criteria

A for-profit company

Incorporated and operating in Alberta

Minimum of one and no more than 500 full-time employees

Annual sales revenue ordinarily not exceeding $50 million

Commercialization Support Services Program (CSS) The Commercialization Support Services program provides funds assisting Alberta geomatics entrepreneurs and companies in the implementation of best-practice techniques in the development, management and growth of their business. Tecterra provides necessary funding in order for companies to work with industry experts such as marketing, accounting, IP management, and business development to ensure that companies grow the appropriate business capacity and become self-sufficient. The CSS program provides up to $50,000 towards eligible costs in one calendar year per applicant. The company is responsible for repaying 25% of the funding provided at project completion. The program focuses on small businesses or individual entrepreneurs who may have the technical knowledge to develop a product, but lack the skills necessary in order to successfully run a business.

GEO-Placement Program (GEO) The GEO-Placement Funding Program is designed to create economic value for small companies in Alberta by facilitating the engagement and employment of highly qualified technical and business geomatics personnel. The grant reimburses companies up to 50% of the employees salary for the first year, up to $50,000. Moving costs are covered to a max of $10,000 if the employee is moving to Alberta from another province. Funding is provided as a non-repayable grant.

Tradeshow Attendance Program (TAP) The Tradeshow Attendance Program is designed to assist Alberta geomatics companies and entrepreneurs attend relevant industry events, conferences and trade shows in support of the commercialization of their products and technology. The program provides up to 100% of event registration costs, 3 nights of hotels costs, and other eligible costs up to $20,000 and 2 separate events. Funding is provided as a non-repayable grant.

Geomatics Lab

Tecterra's Geomatics Lab provides geomatics equipment for use by Alberta companies and those engaging in applied R&D programs. Equipment is available for free to rent for portfolio companies, and at a subsidized rate for non-portfolio companies.