Innovation in Quantum Technologies — Stream 2
At a glance
- Max. $150,000
- 50% of project cost
- Open Date : January 31, 2024
- Closing date : May 30, 2024
- All industries
- Gouvernement du Québec
- Ministère de l'Économie et de l'Innovation
Overview
Eligibility criteria
The eligibility criteria for this grant are:
- The project must focus on developing a new product or process or significantly improving an existing one.
- The product or process must demonstrate a clear advantage over existing solutions in the market.
- The project must involve technological or business risks or uncertainties for the company.
- The project must require research and development efforts.
- The product or process must demonstrate commercial potential if intended for sale.
Who is eligible
There are eligible types of companies for this grant. The grant is specifically targeted towards Small and Medium-sized Enterprises (SMEs) in the field of quantum technologies aimed at producing goods and services or conducting internal research and development activities.
- Small and Medium-sized Enterprises (SMEs)
Eligible expenses
There are eligible expenses for this grant. The grant covers expenses related to the development of new products or processes, significant improvement of existing products or processes, demonstrating technological or business risks, research and development efforts, and showcasing commercial potential.
- Development of new products or processes
- Significant improvement of existing products or processes
- Demonstrating technological or business risks
- Research and development efforts
- Showcasing commercial potential
Eligible projects & activities
This grant supports projects of innovation in quantum technologies by SMEs, focusing on the development of new products or processes that offer a significant advantage over existing solutions.
- Development of new quantum technologies
- Improvement of existing quantum technologies
- R&D efforts in quantum technology
- Impactful commercial potential
Evaluation & selection criteria
There are evaluation and selection criteria for this grant.
- Quality and feasibility of the project
- Potential impact and benefits
- Technical and business risk
- Commercial potential
- Capabilities and experience of the project team
- Financial leveraging
How to apply
- Step 1: Review the eligibility criteria and guidelines for the grant.
- Step 2: Prepare all required documents, including the completed application form and supporting materials.
- Step 3: Submit the application before the specified deadline.
- Step 4: Await a response from the Ministry regarding the status of your application.
Grant Summary
This grant is part of an innovation initiative for quantum technologies aimed at small and medium-sized enterprises (SMEs) in Quebec. It supports projects focusing on product or process innovation with the potential for commercialization.
Detailed Explanation of the Grant
The "Appel de projets d’innovation en technologies quantiques" is a grant program targeted at SMEs in Quebec involved in quantum technologies. The grant supports projects that seek to develop new products or processes or significantly enhance existing ones, with a particular emphasis on commercial viability.
Projects eligible for funding include those spanning from planning to pre-commercialization stages, showcasing technological innovations with a competitive edge in the market. The key criteria for project selection include demonstrating technological or business risks, involving research and development efforts, and showing potential for commercialization if the product or process is intended for sale.
With a maximum project duration of 2 years and a funding cap of $150,000 per project, the grant provides financial assistance to cover up to 30% of eligible expenses (50% for real-world demonstrations or technological showcases). Additionally, the program allows for a maximum cumulative government aid of 50% of total project expenses (75% for real-world demonstrations or technological showcases).
Applicants are required to submit their electronic application documents in PDF or Word format by November 30, 2023, at 4 PM. The application should be sent via email to quantique@economie.gouv.qc.ca or through physical mail to the specified address. For further inquiries or assistance, contact the Quebec Quantique division within the Ministry of Economy, Innovation, and Energy.
Overall, this grant serves as a strategic opportunity for Quebec-based SMEs in quantum technologies to drive innovation, enhance competitiveness, and bring cutting-edge products or processes to the market, aligning with the government's focus on fostering technological advancement and economic development in the province.
