Innovation in Quantum Technologies — Stream 3
- Closing date : April 15, 2025
Overview
Funding for SMEs that have collaborative research projects in quantum technologies with an eligible public research centre (formerly a member of QuébecInnove).
At a glance
Funding available
- Increase performance through digital transformation
- Access new markets
- Launch or market a product/service
- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- Closing date : April 15, 2025
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Construction
- Manufacturing
- Health care and social assistance
- Quebec
- For-profit business
- Non-financial cooperative
- $ 50,000,000 maximum revenue
- 250 employees maximum
- Startups
Next Steps
Activities funded
Eligible projects under this grant focus on creating innovative solutions that utilize quantum technologies from planning through to real-world demonstration. These projects should demonstrate significant potential economic impacts in the short term.
- Development of new solutions using quantum technologies or significant improvement of existing ones, demonstrating a competitive advantage nationally or internationally.
- Projects that involve technological or business risks, necessitating research and development efforts.
- Solutions that exhibit commercial potential when intended for sale.
- Integration of sustainable development principles as per the relevant legislation.
Eligibility
Who is eligible?
Eligible applicants for this grant are consortia of Quebec-based companies and cooperatives, which must include at least one SME or a high-growth potential business.Startups:- Must be legally incorporated according to federal or Quebec laws and registered in the Quebec Enterprise Register.- Headquarters and main operations in Quebec with employees or subcontractors primarily working in Quebec.- Must have 250 employees or fewer in Quebec.- Cannot be more than 50% owned by other businesses or organizations.- Not formed through concentration, restructuring, extension of existing activities or the restart of such activities.- Led by a founder or a founding team, with at least one member fully dedicated to the business.- Must own the intellectual property rights of their product, process, or service.- Must receive support from an eligible business incubator or accelerator at the time of application.- Must have a facility in Quebec dedicated to the production of goods and services or internal R&D activities.- Must have assets of less than 50 million dollars and dedicate substantial resources to business development and commercialization.PMEs:- Must be legally incorporated according to federal or Quebec laws and registered in the Quebec Enterprise Register.- Headquarters and main operations in Quebec with employees or subcontractors primarily working in Quebec.- Must have 250 employees or fewer in Quebec.- Cannot be more than 50% owned by other businesses or organizations.- Must have a facility in Quebec dedicated to the production of goods and services or internal R&D activities.- Must own the intellectual property rights of their product, process, or service.- Global assets must be less than 50 million dollars in the previous fiscal year.Large Enterprises:- Must be legally incorporated according to federal or Quebec laws and registered in the Quebec Enterprise Register.- Headquarters and main operations in Quebec with employees or subcontractors primarily working in Quebec.- Must have a facility in Quebec dedicated to the production of goods and services or internal R&D activities.Projects must involve development of AI or quantum technology solutions with potential for short-term economic benefits, demonstrating significant innovation and requiring R&D efforts, and show commercial potential if applicable.
Who is not eligible
This grant is designed with specific eligibility criteria primarily directed at innovation and research in AI and quantum technologies. However, certain entities may not qualify based on their status and activities related to the firm's establishment or ownership structures.
- Companies that are 50% or more owned by other existing companies or organizations.
- Businesses created as a result of a merger, restructuring, expansion, or resumption of previous activities.
Eligible expenses
The grant outlines specific requirements for financial contributions towards the project.
- Expenses incurred by an eligible public research center if they constitute at least 20% of the project's eligible expenses.
- Expenses for accessing quantum computing resources such as PINQ2, Calcul Québec, and DistriQ.
Eligible geographic areas
This grant is available to companies that have their headquarters and operational activities primarily based in the considered eligible area, specifically targeted to enhance local economic impact and innovation initiatives.
- Companies legally constituted and registered in Québec.
Additional information
Here are additional relevant details for this grant:
- The financial assistance provided by the grant cannot exceed CAD 1,500,000 per project for a maximum duration of 24 months.
- The financial aid for expenditures by startups can be as high as 50% of eligible expenses, whereas for SMEs and large companies, the limit is 35%.
- If certain conditions are met, the financial aid rate can be increased to 50% regardless of the size of the enterprise.
- The maximum public funding can reach up to 75% of total eligible project expenses, provided there is also a minimum of 25% private funding.
- Individual partners within a project cannot receive more than 80% of the total grant amount.