
Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 3
- Open Date : October 1, 2023
- Closing date : October 15, 2023
Overview
Receive up to $1.5 million in funding to cover up to 50% of eligible expenses for structuring projects that highlight collaborative research in AI by a cluster of companies that share project costs, benefits and intellectual property.
At a glance
Funding available
- Increase performance through digital transformation
- Develop a new product or service
- Develop workforce skills
- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- Open Date : October 1, 2023
- Closing date : October 15, 2023
Eligible candidates
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Quebec
- For-profit business
- All revenue ranges
- All organization sizes
- Startups
Next Steps
Activities funded
This grant supports innovative, large-scale collaborative industrial research projects in Quebec that leverage artificial intelligence. Eligible projects focus on product or process innovation from planning to real-world demonstration stages.
- Development of new products or processes using artificial intelligence.
- Significant improvement of existing products or processes with artificial intelligence.
- Projects must employ at least one intern per year per participating enterprise.
Eligibility
Who is eligible?
This grant is specifically targeted towards consortia of companies, comprised of at least two Quebec-based enterprises, aiming for significant innovation projects with potential for short-term impactful returns. These projects should involve collaborative cost and benefit sharing among the businesses involved, as well as shared intellectual property related to the innovation. Each partnering enterprise in the project is required to hire at least one intern per year. The purpose of the project should be the development or significant improvement of a product or process using artificial intelligence, with a focus on either organizational improvement or product sale potential. Additionally, projects are expected to demonstrate technological or business risks, necessitate research and development efforts, and showcase strong commercial potential if intended for sale.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
The eligible projects for this grant focus on the development and improvement of products or processes by leveraging artificial intelligence, in collaboration with multiple businesses. These initiatives require significant R&D efforts and aim to offer competitive advantages in the market.
- Development of a new product utilizing artificial intelligence.
- Improvement of an existing process with AI integration.
- Collaboration among at least two Quebec-based businesses sharing costs and benefits.
- Hiring at least one intern per partner business annually.
- Real-world demonstration projects up to pre-commercialization phase.
Eligible geographic areas
This grant supports collaborative projects involving at least two companies from Quebec. Only Quebec-based businesses are eligible for this funding stream, reflecting a regional focus on fostering local innovation.
- Quebec, Canada
Additional information
Outlined below are additional relevant details for this grant:
- The maximum aid cap is 1,500,000 CAD per project, which cannot exceed 50% of eligible expenses.
- The cumulative aid limit from government sources cannot exceed 75% of the project's total expenses.
- The maximum allowable project duration is 18 months.
- Applicants must submit their application electronically by the specified deadline.
- There are specific software requirements for accessing and completing application documents, namely Adobe Reader version 10 or later.