Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 3
At a glance
- Max. $1,500,000
- 50% of project cost
- Open Date : April 22, 2023
- Closing date : October 15, 2023
- All industries
- Gouvernement du Québec
- Ministère de l'Économie et de l'Innovation
Overview
Eligibility criteria
The grant is aimed at supporting collaborative innovation projects in artificial intelligence involving Quebec-based companies. Eligible projects must focus on developing new products or processes or significantly improving existing ones using AI technology. They should present a commercial potential, involve technological or business risks, and require R&D efforts.
- Minimum of two Quebec-based companies in partnership
- Projects must demonstrate significant potential benefits in the short term
- Shared costs, benefits, and intellectual property among partners
- Must hire at least one intern per year for each partner company
- Projects can be related to product or process innovation using AI
- Duration of up to 18 months
- Maximum grant amount of $1,500,000 per project
- Maximum funding rate of 50% of eligible expenses
- Maximum cumulative government funding rate of 75% of total project expenses
Who is eligible
Eligible types of companies for this grant include regroupments of at least two Quebec-based businesses. The projects should demonstrate significant potential for short-term impact and involve the development of innovative products or processes leveraging artificial intelligence.
- Regroupments of at least two Quebec-based businesses
- Projects demonstrating potential for short-term impact
- Development of innovative products or processes leveraging artificial intelligence
Who is not eligible
Based on the grant information provided, there is no mention of specific types of companies that are not eligible for the grant.
Eligible expenses
There are eligible expenses for this grant. Eligible expenses include:
- Costs related to the development of a new product or process
- Expenses for significant improvement of an existing product or process
- Research and development efforts
- Costs associated with demonstrating the commercial potential of the product or process
Eligible projects & activities
Projects eligible for this grant involve the development or significant improvement of products or processes using artificial intelligence, demonstrating a competitive advantage, technological or business risk, R&D efforts, and commercial potential.
- New product development or significant process improvement
- Demonstrating competitive advantage in the market
- Involving technological or business risk
- Requiring research and development efforts
- Showcasing commercial potential
Evaluation & selection criteria
There are evaluation and selection criteria for this grant. The criteria are as follows:
- Project must focus on the development of a new product or process or significant improvement of an existing one.
- Demonstration of a competitive advantage compared to existing market solutions.
- Presence of technological or business uncertainties or risks.
- Requirement of research and development efforts.
- Indication of commercial potential for the product or process.
How to apply
- Prepare a project proposal detailing the innovation and its potential impact:
- Include information on the new or improved product/process, competitive advantages, technological/business risks, R&D efforts, and commercial potential.
- Demonstrate the need for AI integration and the expected outcomes.
- Form a consortium with at least two Quebec-based companies:
- Ensure each partner is willing to share costs, benefits, and intellectual property.
- Commit to hiring at least one intern per year per eligible partner.
- Complete and submit the electronic application by the specified deadline:
- Ensure all required documentation is provided in PDF or Word format.
- Email the signed application to equipe.ia@economie.gouv.qc.ca.
Grant Summary
This grant focuses on supporting collaborative industrial research and innovative entrepreneurship in the field of artificial intelligence. It targets Quebec-based business partnerships with the aim of fostering significant short-term impacts through innovative projects involving AI.
Grant Details
The Quebec government offers funding for innovative projects in artificial intelligence, specifically for collaborative endeavors involving a minimum of two Quebec-based companies. The projects should demonstrate potential for substantial short-term benefits and must involve the development or enhancement of products or processes using AI technology. The grant covers up to $1.5 million per project with a maximum aid rate of 50% of eligible expenses.
For each eligible partner company, the project should include the hiring of at least one intern per year. The duration of supported projects can extend up to 18 months, with a focus on addressing technological or business risks and showcasing commercial potential. The goal is to encourage the advancement of AI applications within Quebec’s business ecosystem.
