Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 1
QC, Canada
Funding for collaborative projects in AI
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 18, 2022
- grant_single|closingDateOctober 15, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Information and cultural industries
- Professional, scientific and technical services
grant_single|grantors
- Gouvernement du Québec
- Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Get a grant of up to $150,000 to cover up to 50% of eligible costs for carrying out research and an innovation project to develop and grow products and services for which the start-up was created.
grant_single_labels|projects
This grant opportunity is issued by the Ministry of Economy, Innovation, and Energy of Quebec. However, there is no specific mention of eligible geographical areas based on the given context.
grant_single|admissibleProjectsExample
$120,000
Develop AI system for enhancing renewable energy resource allocation
$100,000
Implement AI models to optimize supply chain for organic produce distribution network
$125,000
Create AI-driven predictive analytics for healthcare data in public hospitals
$110,000
Implement AI for real-time language translation services in education sector
$90,000
Enhance cybersecurity services using AI for small businesses in tech sector
$75,000
Develop AI tools for personalized virtual reality therapy in mental health startups
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the profile of the startup and its support system.
- The applicant must be a startup in the field of artificial intelligence.
- The startup should currently be receiving or planning to receive support from an incubator or an accelerator.
- The applicant must provide proof of support, such as a signed official letter from the incubator or accelerator, or demonstrate that the support process has been initiated at the time of the application.
- The proposed project must involve research and innovation utilizing artificial intelligence to address a development or growth issue related to the startup.
grant_eligibility_criteria|who_can_apply
The specific evaluation and selection criteria for projects under this grant are not detailed in the provided context. However, it is mentioned that eligible startups need to be currently receiving or planning to receive support from an incubator or accelerator, and they must demonstrate the need for research and innovation using artificial intelligence to solve issues related to their development and growth.
grant_eligibility_criteria|eligible_expenses
This grant is designed to encourage innovation among startups in the field of artificial intelligence. Eligible projects include those that involve technological or organizational innovations to address development and growth challenges within the startup.
- Technological innovation projects related to the AI-based product or service developed by the startup.
- Organizational innovation projects addressing growth challenges such as personnel or corporate structure issues, leveraging AI technologies.
grant_eligibility_criteria|zone
The grant covers specific expenses directly related to the innovation projects for startups in artificial intelligence.
- Personnel costs dedicated to the research and development activities of the project.
- Costs of materials and supplies directly required for the project.
- Expenses for external expertise and consulting necessary for the project's success.
- Costs associated with the acquisition or rental of equipment essential for the project.
- Travel expenses related to the project for accessing expertise or collaboration.
- Costs of training and skill development directly related to project needs.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria with allocated point scores to ensure alignment with the grant’s objectives.
- Innovation and originality of the AI project proposal.
- Feasibility and clarity of the implementation plan, including the involvement of AI.
- Alignment with the strategic goals of enhancing the startup's development and growth.
- Effective collaboration with incubators or accelerators.
- Demonstrated potential to solve a significant issue related to the startup’s growth using AI solutions.
- Participation in mobilizing research and innovation activities.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Confirm that your startup is in the field of artificial intelligence and is currently supported by or planning to receive support from an incubator or accelerator.
- Ensure your project involves research and innovation using AI.
- Step 2: Prepare Documentation
- Obtain a formal letter from your incubator or accelerator confirming your startup's support status.
- Prepare a detailed project proposal that describes the innovation or research, addressing how it will assist in your startup’s development or growth.
- Ensure all financial details are prepared, as the grant covers up to 50% of eligible expenses, with a maximum aid of $150,000.
- Step 3: Download Application Form
- Use Adobe Reader version 10 or later to download the dynamic PDF application form from the website.
- Follow the browser-specific instructions to download the application form onto your computer.
- Step 4: Complete Application Form
- Open the downloaded form in Adobe Reader and fill it out completely and accurately.
- Ensure all necessary fields are completed and reviewed for accuracy.
- Step 5: Submit Application
- Save the completed application form as a PDF or Word document.
- Send the electronic version of the signed application via email before the deadline (October 15, 2023, by 16:00) to the designated email address: equipe.ia@economie.gouv.qc.ca.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The duration of the project can be up to 1 year.
- The maximum grant amount is CAD 150,000 per project, covering up to 50% of eligible expenses.
- The total governmental aid cumulative rate must not exceed 75% of the total project expenses.
- The application process requires using Adobe Reader version 10 or later to open and complete dynamic PDF forms.
- If technical difficulties occur with accessing forms, downloading and using Adobe Reader directly is advised to avoid errors.
Apply to this program
Supporting AI Startups Through Strategic Funding
This grant is specifically designed to support AI startups engaged in innovative projects under the guidance of incubators or accelerators. It focuses on assisting startups to overcome development hurdles through funding, expertise, and resources essential for growth.
Detailed Exploration of the AI Innovation Startup Grant
In recent years, the landscape for artificial intelligence (AI) has rapidly evolved, leaving newly-established startups seeking reliable support for innovation and growth. In response, a strategic grant has been introduced, aimed at bolstering innovative AI-driven startups through financial assistance and expert support. This grant is an opportunity for startups that are already embedded within, or planning to engage with, notable incubators or accelerators. These organizations play a critical role in nurturing startups by providing them with essential resources, mentorship, and networking opportunities.The grant extends support specifically to startups that are leveraging AI to tackle significant challenges that can spur organizational growth or expedite the development of their AI technology. Whether the startup is addressing internal challenges related to personnel or organizational structure or is advancing a technological innovation central to its inception, the grant provides necessary financial support. This funding allows startups to not only complete their technological projects but also integrate AI elements into their broader business strategies, thus elevating their market competitiveness.Financial assistance is capped at $150,000 per project, covering up to 50% of eligible expenses, making this grant a significant boost for startups in need of partial financial relief. Given the dynamic nature of AI, startups often require flexible funding solutions, and this grant understands the necessity for adaptability in project execution. Moreover, with a maximum aid accumulation cap of 75% of total project expenses from various governmental sources, it ensures startups are adequately supported while maintaining a sustainable investment framework.Furthermore, the housed approach of encouraging collaboration with incubators and accelerators is instrumental. This synergy not only facilitates knowledge transfer but also optimizes the startups’ use of the grant. By harnessing expert insights and industry knowledge, startups can effectively strategize their operations and innovation pipelines. This is particularly crucial in the AI domain, where rapid technological advancements require nimble and informed decision-making.Additionally, the emphasis on not exceeding a year’s duration for projects underscores the grant’s directional focus on swift innovation cycles, thereby aligning with the fast-paced nature of AI advancement. Startups are therefore encouraged to propose meticulously planned projects that can achieve significant milestones within the stipulated time, ensuring measurable outcomes that contribute to the startup’s growth and the broader technological ecosystem.Navigating through the administrative processes is streamlined with detailed guides and dynamic application forms specifically designed to ease the bid preparation process. Startups are advised to thoroughly prepare supporting documentation, particularly proof of their incubator or accelerator association, as it forms a critical eligibility criterion.This grant not only catalyzes startup development but also contributes significantly to the greater AI ecosystem by funding innovations that have the potential to resolve real-world problems, thus reinforcing the national AI strategy. In turn, this creates rippling benefits, fostering an environment ripe for technological advancements, increased economic competitiveness, and overall societal progression. As startups embark on this transformative journey with the aid of this grant, they are better positioned to make substantial advancements, both technologically and economically, in the evolving AI landscape.
