Innovation in Quantum Technologies — Stream 2

Who is eligible?

The eligible applicants for stream 2 of this grant are Quebec-based SMEs in quantum technologies aiming at production or internal research and development of goods and services.

• SMEs legally constituted according to federal or Quebec laws and registered with the Quebec business register.
• SMEs with their head office located in Quebec, primarily employing individuals working in or subcontracting from Quebec.
• SMEs established as corporations with more than five years of operation.
• SMEs with fewer than 250 employees.
• SMEs with assets less than 50 million dollars.

Who is not eligible

This grant excludes certain companies and entities due to their status or financial standing. The restrictions ensure that aid is efficiently allocated to eligible enterprises within the strategic scope of quantum technologies.

• Companies controlled directly or indirectly by a government, municipal entity, or majority-owned by a state corporation.
• Enterprises under protection of the Companies’ Creditors Arrangement Act or the Bankruptcy and Insolvency Act.
• Businesses listed in the register of enterprises ineligible for public contracts.
• Companies that previously defaulted on their obligations concerning past financial aid from the Ministry of Economy, Innovation and Energy.

Eligible expenses

This grant supports innovation projects within the quantum technologies sector, focusing on product and process innovation from planning to pre-commercial stages. Eligible projects contribute to the advancement and commercialization of new or significantly improved quantum technologies.

• Development of new or improved quantum computing technologies, including computers, software, and algorithms.
• Advancements in quantum communication technologies, such as quantum cryptography and networks.
• Innovation in quantum materials, including the simulation or creation of new materials with unique quantum properties.
• Development of quantum metrology and detection devices, utilizing quantum principles for precise measurement and manipulation.
• Projects that involve the use of quantum technologies in life sciences, particularly in drug development and medical applications.
• Initiatives targeting sustainable development, such as the use of quantum detectors for resource exploration.
• Applications in transport and logistics, including advanced materials for vehicles and optimization tools for supply chains.

Eligible geographic areas

This grant is aimed at companies that have their operational bases in specific geographical regions as determined by the eligibility criteria. Eligible companies must be registered and have their main operations in a defined area to ensure compliance with the grant’s objectives.

• Businesses must have their headquarters in Québec, Canada.
• Employees or contractors must primarily work from within Québec.

Here are additional relevant details for this grant:

• The grant can be combined with other public funding, provided that a maximum funding cap is not exceeded.
• The grant provides up to 30% coverage of eligible expenses, unless the project involves real-world demonstration or a technology showcase, which qualifies for up to 50%.
• Total government assistance cannot exceed 50% of the total project expenses, except for demonstrations or showcases, where it can reach 75%.
• The funded project must be completed within a maximum duration of two years.