PARTENAR-IA — MEDTEQ+ — Academic
At a glance
- Max. $500,000
- 40% of project cost
- Open Date : September 14, 2023
- Closing date : October 13, 2023
- All industries
- Consortium de recherche et d’innovation en technologies médicales du Québec
Overview
Eligibility criteria
Eligibility Criteria:
- Existence of a potential value-added application in medical technology linked to AI.
- Minimum partnership: 1 academic partner and 1 industrial partner (including at least 1 SME or start-up), in Quebec.
Who is eligible
Eligible companies for this grant in Quebec must meet the following criteria:
- Legally incorporated under federal or Quebec law
- Registered with the Quebec Enterprise Registrar
- Headquartered in Quebec with employees or subcontractors primarily in Quebec
- Have 250 or fewer employees in Quebec
- Have assets less than $50 million
Who is not eligible
Eligibility Criteria:
- Companies controlled directly or indirectly by a government entity
- Companies majority-owned by a Crown corporation
- Companies under the protection of specific insolvency acts
- Companies with past financial assistance issues
- Companies with ethical conduct concerns
- Companies ineligible under responsible financing policy
- Holding companies
Eligible expenses
Eligible expenses include but are not limited to:
- Direct labor costs
- Equipment costs
- Project-related expenses
Eligible projects & activities
- Projects involving collaborative research in artificial intelligence (AI) with at least two companies, including a Quebec SME, and a research center in Quebec.
- Research projects focused on the adoption of AI in various sectors to enhance business competitiveness.
Evaluation & selection criteria
Here is a summary of the evaluation and selection criteria for the grant:
- Project objectives, quality, and relevance;
- Innovative nature of the project;
- Commercialization potential;
- Level of commitment from financial partners or stakeholder community;
- The ability of the team and the company or organization to bring the project to fruition;
- Number and suitability of implementing partners;
- Contribution to the development of the next generation;
- Intellectual property protection strategy;
- Benefits for Quebec (economic and social spin-offs, knowledge consolidation, etc.);
- The project’s contribution to wider adoption of AI by the user company.
How to apply
- Step 1: Contact MEDTEQ+ at projet@medteq.ca to express interest in the grant program.
- Step 2: Obtain the necessary documentation and francization certificate if applicable.
- Step 3: Prepare detailed project proposals in French including budget breakdown and required supporting documents.
- Step 4: Submit the complete application to MEDTEQ+ for evaluation and support.
- Step 5: Await sectoral and technical-scientific evaluation, Board approval, financial analysis, and potential approval from other programs.
Additional information
- Research center expenses must represent at least 20% of eligible project expenses.
- Each partner company must plan to hire one intern per year (or the equivalent spread over the duration of the project).
- Maximum financial assistance is $350,000 per partner company, up to a maximum of $1,500,000 per project.
- Financial assistance covers a maximum of 50% of eligible project expenses.
- Industrial contributions must correspond to a minimum of 25% of eligible expenses.
- Additional funding from other programs where applicable (e.g. NSERC, MITACS).
- All applications must be submitted in French.
Grant Summary:
The PARTENAR-IA Entreprise grant program in Quebec supports collaborative research projects in artificial intelligence (AI) to enhance business competitiveness and promote AI adoption in various sectors. Quebec SMEs can benefit from financial assistance of up to $350,000 per partner company, with a maximum project funding of $1,500,000.
Grant Details:
The PARTENAR-IA Entreprise grant, under the IMPACT program, facilitates collaborative industrial research projects in AI to boost innovation and technology development. SMEs in Quebec can form consortia with research centers and other companies to implement AI projects aimed at enhancing competitiveness and driving economic growth.
Eligibility criteria for this grant require Quebec SMEs to collaborate with a research center, to share costs, benefits, and intellectual property, and to hire a trainee per year per company. The funding covers up to 50% of eligible project expenses, with industrial contributions required to represent a minimum of 25% of expenses.
Project proposals are evaluated based on criteria such as project objectives, innovation, commercialization potential, team commitment, partnership quality, and benefits for Quebec. The grant aims to position Quebec as an AI leader and drive the mass adoption of AI technologies across various economic sectors.
For more information and detailed application guidelines, interested parties can contact MEDTEQ+ and access the complete grant guide on the Quebec government's website. This grant opportunity aligns with Quebec's vision to accelerate AI adoption, foster collaboration, and drive technological advancements in the province.
