Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 1
Funding for collaborative projects in AI
At a glance
Eligible Funding
- Max. $150,000
- 50% of project cost
Timeline
- Open Date : November 18, 2022
- Closing date : October 15, 2023
Financing Type
Grant and Funding
Eligible Industries
- All industries
Grant Providers
- Gouvernement du Québec
- Ministère de l'Économie et de l'Innovation
Status
Closed
Overview
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.
Eligibility criteria
Summary: The grant is targeted at AI startups currently supported by an incubator or accelerator. Projects should focus on AI research and innovation to address startup development and growth challenges.
- Startups must be receiving or planning to receive support from an incubator or accelerator.
- Projects must involve AI research and innovation to solve challenges related to startup development and growth.
- The maximum duration of the project is 1 year.
- The maximum funding amount is $150,000 per project.
- The maximum funding rate is 50% of eligible expenses.
- The maximum government funding aggregation rate is 75% of total project expenses.
Who is eligible
Eligible companies for this grant are startups in the field of artificial intelligence that are currently receiving or planning to receive support from an incubator or accelerator.
- Startups in artificial intelligence
Eligible expenses
There are eligible expenses for this grant. The grant can cover expenses related to research and innovation in artificial intelligence to address challenges in the development and growth of the startup. Eligible expenses may include:
- Costs related to research activities
- Consulting services from AI experts
- Development of AI technologies
- Personnel costs directly related to the project
- Travel expenses for project coordination
Eligible projects & activities
There are eligible projects for this grant. Startups in the field of artificial intelligence that are currently receiving or planning to receive support from an incubator or accelerator can apply. The projects must involve research and innovation using artificial intelligence to address a growth or development challenge for the startup.
- Projects that require the use of artificial intelligence to solve a startup's growth or development challenge.
- Projects that focus on technological or organizational innovation related to artificial intelligence.
- Projects that aim to further develop the startup's AI technology or enhance its business model using AI expertise.
Evaluation & selection criteria
Below are the evaluation and selection criteria for this grant:
- Proof of support from an incubator or accelerator
- Demonstrated need for research and innovation in AI
- Relevance of the project to the startup's development and growth
- Innovation in technology or organization
- Impact on the company's technology and business model
- Expertise in the field of AI
How to apply
- Step 1: Obtain support from an incubator or accelerator
- Content: Obtain a letter of support from an official incubator or accelerator
- Implications: The startup must demonstrate current or planned support from the respective organization
- Step 2: Prepare project details and proof of concept
- Content: Develop a project plan that involves AI research and innovation to address a startup-related challenge
- Implications: The project should aim to advance the startup's AI technology or organizational growth
- Step 3: Submit the application electronically
- Content: Complete and sign the application form provided by the Ministry
- Implications: The application must be submitted in PDF or Word format via email before the deadline
Apply to this program
## Summary:
### Appel de projets d’innovation en intelligence artificielle: Volet 1 - Projets d'innovation des startups
Funding opportunity for startups in the field of artificial intelligence, offering support for projects that involve research and innovation using AI to address growth and development challenges within the startup. Maximum funding of $150,000 per project with a duration of 1 year.
## Detailed Explanation:
### Introduction:
The "Appel de projets d’innovation en intelligence artificielle" is a grant program focused on supporting startups that are actively involved with an incubator or accelerator and are utilizing artificial intelligence (AI) to drive innovation within their projects. This funding initiative aims to provide financial assistance to startups engaging in AI-driven research and innovation to overcome key challenges related to their growth and development.
### Eligibility Criteria:
To be eligible for this grant, startups must demonstrate their current or planned affiliation with an incubator or accelerator through an official signed letter. The projects considered for funding should involve the integration of AI technologies to solve specific issues linked to the startup's development and expansion. These projects can range from technological innovations to organizational developments that enhance the startup's AI capabilities and business models.
### Funding Details:
The grant offers a maximum financial assistance of $150,000 per project, with a funding duration of up to 1 year. The funding support covers 50% of eligible expenses incurred during the project, with a maximum cumulative government aid rate of 75% of the total project costs. This substantial financial backing aims to facilitate the successful implementation of AI-driven initiatives within the startup environment.
### Application Process:
Startups interested in applying for this grant are required to submit a detailed project proposal that outlines the research, innovation, and AI utilization aspects of their initiatives. The application form, along with supporting documents, must be submitted electronically to the specified email address by the deadline. The evaluation process will consider the project's potential impact, feasibility, and alignment with the grant objectives to determine the funding recipients.
### Benefits of the Grant:
By securing funding through this grant program, startups can enhance their AI capabilities, drive innovation within their projects, and overcome development challenges effectively. The financial assistance provided by the grant enables startups to leverage AI technologies, collaborate with experts in the field, and accelerate the growth of their businesses. Additionally, the grant promotes knowledge sharing, fosters creativity, and encourages the development of cutting-edge AI solutions in the startup ecosystem.
### Conclusion:
The "Appel de projets d’innovation en intelligence artificielle" offers a valuable opportunity for startups to access financial support for AI-driven projects that contribute to their growth and success. By leveraging AI technologies, startups can unlock new opportunities, enhance their competitiveness, and drive innovation in the dynamic landscape of entrepreneurship. This grant program plays a pivotal role in fostering a culture of innovation, collaboration, and technological advancement within the startup community.
