Innovation in Quantum Technologies — Stream 1
QC, Canada
Funding for startups for collaborative R&D projects in quantum technologies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJanuary 31, 2024
- grant_single|closingDateMay 30, 2024
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- 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
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Get a contribution of up to $150,000 to cover 50% of eligible expenses for the realization of a research and innovation project related to the development and growth of products or services at the origin of the creation of the startup.
grant_single_labels|projects
This grant is specifically available to companies situated in the province of Quebec, Canada. It primarily supports enterprises incorporated under Quebec's laws and operating within the province.
- Businesses registered and located in Quebec.
grant_single|admissibleProjectsExample
$110,000
Creating an educational platform for first responders and disaster management
$140,000
Developing an innovative water filtration system for remote communities
$100,000
Developing a mobile app to enhance mental health support services
$150,000
Developing AI-driven financial analysis tools for improved decision-making
$125,000
Implementing a sustainable waste management system using IoT technology
$100,000
Establishing a new organizational structure to support rapid business scaling
grant_single_labels|admissibility
The eligibility criteria for this grant are specific to startups and SMEs involved in quantum technologies within Quebec.
- The startup must be legally constituted under federal or Quebec laws and registered with the Quebec Enterprise Registrar.
- The startup must have its headquarters in Quebec, with employees or subcontractors primarily working from Quebec.
- The startup should not be majority-owned (50% or more) by existing enterprises or organizations.
- The startup must have been incorporated for five years or less.
- The startup must hold the intellectual property rights for its product, process, or service.
- The startup must currently receive or plan to receive support from a designated incubator or accelerator (Centech, ACET, Entrepreneuriat Laval, or Quantino).
- The startup should dedicate a significant portion of resources (50% or more) to the development of the enterprise, from concept and development to market entry.
- For SMEs, they must have been legally constituted for more than five years, have 249 employees or less, and hold assets below 50 million dollars.
- The SMEs must also be legally constituted under federal or Quebec laws, registered with the Quebec Enterprise Registrar, have their head office in Quebec, and have employees or subcontractors primarily working from Quebec.
grant_eligibility_criteria|who_can_apply
This grant is designed for startups in the field of quantum technologies that currently receive or plan to receive support from one of four specified organizations. Eligible startups must meet certain conditions as outlined in the grant description.
- Startups must be legally constituted according to federal or Quebec laws and registered in the Quebec enterprise register.
- They must have their headquarters in Quebec and employ staff or contractors primarily based in Quebec.
- They should not be more than 50% owned by existing businesses or organizations.
- The startups should be incorporated for five years or less.
- They must have the rights to use the intellectual property of their product, process, or service.
- The startups must currently receive or plan to receive backing from a business incubator or accelerator.
- They should dedicate a significant portion of their resources (50% or more) to company development from product, process, or service design through to market launch.
grant_eligibility_criteria|who_cannot_apply
This grant opportunity excludes certain companies based on their ownership, financial status, or compliance history. Only companies meeting specific criteria are eligible to ensure the alignment of the projects with the grant's objectives.
- Companies owned 50% or more by existing businesses or entities.
- Companies controlled directly or indirectly by a government (provincial or federal), a municipal entity, or a majority-owned state enterprise.
- Businesses under the protection of the Companies' Creditors Arrangement Act or the Bankruptcy and Insolvency Act.
- Companies listed in the register of businesses ineligible for public contracts.
- Companies that have defaulted on meeting their obligations related to prior financial aid from the Ministry in the past two years.
grant_eligibility_criteria|eligible_expenses
This grant is designed to support startups in addressing key development and growth challenges by leveraging research and innovation. Eligible projects include technological innovations that originate from the startup's core product or service, as well as organizational innovations targeting internal growth challenges.
- Technological innovation projects related to the startup's core products or services.
- Organizational innovation projects addressing growth challenges such as personnel or company structure.
grant_eligibility_criteria|zone
The grant covers specific expenses directly related to the implementation and success of startup innovation projects in quantum technologies.
- Costs related to research and development activities.
- Expenses for technological innovation focused on product or service development.
- Organizational innovation costs addressing startup growth issues like personnel and structure improvements.
grant_single_labels|criteria
The evaluation and selection criteria for this grant include various aspects to gauge the eligibility and quality of the submitted projects. These criteria consider factors such as innovation potential, alignment with program objectives, and financial viability.
- Innovation potential of the project and its uniqueness in the quantum technologies sector
- Alignment with the goals of supporting technological innovation and economic development in Quebec
- Feasibility and clarity of project objectives and timelines
- Financial viability and sustainability of the startup
- Experience and expertise of the project team
- Proof of support or engagement from an incubator or accelerator
- Potential economic and social impacts of the project
- Contribution to the development and commercialization of quantum technologies
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Ensure your startup complies with all the eligibility criteria specified for the grant, such as being incorporated for five years or less, having a business location and operations in Quebec, and possessing intellectual property rights.
- Verify your startup is supported by an eligible incubator or accelerator.
- Step 2: Obtain Proof of Support
- Secure a formal letter of support from one of the recognized organizations: Centech, ACET, Entrepreneuriat Laval, or Quantino.
- If support is pending, ensure you have documentation indicating that the process has started.
- Step 3: Download Application Forms
- Access the official website to download the necessary PDF forms for application.
- Ensure you have Adobe Reader version 10 or later to open and complete these PDF forms.
- Step 4: Complete Application Form
- Fill out the application forms carefully, providing detailed information about your project and its relevance to quantum technologies.
- Prepare additional required documents such as a project proposal, budget breakdown, and timeline.
- Step 5: Review and Compile Application
- Review the completed application and ensure all supporting documents are compiled correctly.
- Step 6: Submit Application
- Convert the completed forms and documents into electronic format (PDF or Word).
- Email the full application package to quantique@economie.gouv.qc.ca before the deadline of May 30, 2024, at 16:00.
- Step 7: Confirmation of Submission
- Await an acknowledgment email confirming receipt of your application.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The downloadable forms for application need to be accessed using Adobe Reader version 10 or later due to advanced features not supported by other PDF viewers.
- Applications must be submitted electronically in PDF or Word format by the specified deadline, with no extensions granted.
- The grant does not allow for more than a 50% reimbursement of eligible project expenses and total government aid must not exceed 75% of total eligible project expenses.
grant_single_labels|contact
quantique@economie.gouv.qc.ca
5148731767
Apply to this program
Quantum Technologies Startup Innovation Grant
This grant is specifically designed to support startups in the field of quantum technologies, aiming to foster innovation and contribute to the growth of this emerging sector. It offers significant financial assistance to qualified Canadian startups to help them overcome challenges related to research and development.
Detailed Insights into the Quantum Technologies Startup Innovation Grant
The Quantum Technologies Startup Innovation Grant is a strategic initiative by the Québec Ministry of Economy, Innovation and Energy, targeting early-stage startups incorporated within the last five years. These startups must be involved in advancing quantum technologies, a sector characterized by its cutting-edge developments and its potential to revolutionize various aspects of technology and industry. This grant supports projects requiring both technological and organizational innovation to address critical growth challenges faced by startups in this field.
The grant specifically assists startups that are engaged or planning to engage with prominent incubators or accelerators such as the Centre de l’entrepreneurship technologique de l’ÉTS (Centech), Accélérateur de création d’entreprises technologiques (ACET), Entrepreneuriat Laval, and Quantino. This collaboration enhances the startups' potential by providing essential mentorship and resources, ensuring that they have a robust support system to aid their development.
Eligible projects under this grant must demonstrate the necessity of research and innovation as core components for resolving specific issues pertinent to the startup’s development. This could involve pioneering new quantum technologies or restructuring organizational frameworks to better support growth and scalability. The grant offers up to $150,000 per project, with the stipulation that it covers up to 50% of eligible expenses. Additionally, the combined financial support from various government levels should not exceed 75% of the project's total expenses, promoting a balanced financial contribution from private investors.
Startups interested in applying for this funding are required to present a detailed plan, highlighting the research initiatives involved, anticipated milestones, and the potential economic impact of their project. The maximum project duration is set at one year, emphasizing the need for focused and results-driven endeavors. The financial assistance provided is intended to facilitate the startups' progression from innovation to market readiness, significantly reducing the financial barriers typically associated with advanced research and development phases.
Beyond the financial aid, this grant plays a crucial role in positioning Québec as a leader in the quantum technology space. It supports the local ecosystem's growth by bridging gaps between academic research and industrial application, fostering an environment where new discoveries can translate into commercial successes. The program underscores the provincial commitment to nurturing innovation that not only elevates local industry standards but also contributes to global technological advancements.
By participating in this grant program, startups are encouraged to leverage the collaborative networks of universities, research institutes, and industry partners, thereby enriching their strategic capabilities. This integrative approach ensures that startups can overcome typical obstacles in scaling quantum technology innovations, from technical challenges to market entry strategies.
The strategic objectives of the Quantum Technologies Startup Innovation Grant align with the broader governmental goals of job creation, economic prosperity, and sustainable growth. As such, it forms part of a larger effort to propel Québec's competitiveness on the global stage through targeted support for cutting-edge technologies that promise transformative impacts on society.
Overall, the Quantum Technologies Startup Innovation Grant is more than just a funding opportunity; it is a catalyst for innovation, collaboration, and transformation within one of the most promising fields of modern science and technology.
