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Duo grand V - Quebec - Canada
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Duo grand V

Flexible funding and tech support for sustainable innovation projects
Investissement Québec (IQ)
Last Update: March 4, 2026
Funding available
$ 250,000
Timeline
  • Open continuously
Location
Quebec, Canada

Overview

The duo grand V program offers a flexible loan of at least $250,000 to foster innovation and sustainable productivity, focusing on activities like adopting innovative technologies and eco-responsible practices. Eligible projects include the development of technologies, significant product improvement, and modernization efforts.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Increase performance through digital transformation
  • Develop a new product or service
  • Conduct research and development activities
Eligible Funding
  • Maximum amount : 250,000 $
  • Minimum amount : 250,000 $
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • Manufacturing
  • Information and cultural industries
  • Professional, scientific and technical services
  • Administrative and support, waste management and remediation services
Location
  • Quebec
Legal structures
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • All groups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Acquisition, implementation, and/or development of innovative technologies (clean, digital, automated, and robotic technologies).
  • Research and development activities aimed at significant improvement or development of an innovative product, technology, or equipment.
  • Acquisition and/or modernization of buildings aimed at realizing the innovative project.
  • Adoption of eco-responsible and/or innovative practices.
  • Innovation approach towards the adoption of innovative technologies and eco-responsible practices (includes study fees, consultancy, and experts).
  • Identification, selection, and implementation of innovative technologies.
  • Project of enlargement, reconfiguration, or implementation of a factory.
  • Development and/or implementation of a new industrial process.
  • Technological implementation or adoption of practices aimed at reducing the environmental impact of the company and improving profitability (new markets, residue valorization, resource optimization).
  • Development of a new product or improvement of an existing product to increase competitiveness and/or improve productivity.

Eligibility

Who is eligible?

  • All sectors of activity except health personnel placement agencies, accounting firms, cryptocurrency, finance and insurance, real estate (land development), public relations and media services (except advertising agencies), and legal services.
  • Certain sectors subject to restrictions: agriculture (unless not eligible for La Financière agricole du Québec programs), fishing, cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, and direct-to-consumer sales (B2C), including retail.

Who is not eligible

  • Agencies for health personnel placement.
  • Accounting firms.
  • Cryptocurrency businesses.
  • Finance and insurance sectors.
  • Real estate (land subdivision).
  • Public relations and media services (excluding advertising agencies).
  • Legal services.
  • Agriculture and fishing sectors (subject to restrictions).
  • Cannabis and industrial hemp industries.
  • Private medical clinics.
  • Owner-occupied real estate.
  • Tourism and direct-to-consumer sales (including retail).

Eligible expenses

  • Acquisition, implementation, or development of innovative technologies including clean, digital, automated and robotic technologies.
  • Research and Development activities aimed at significant improvement or development of a product, technology, or innovative equipment.
  • Acquisition or modernization of real estate properties for the purpose of the innovative project.
  • Adoption of eco-friendly and innovative practices, including study, consultation and expert fees.
  • Technological implantation or practice adoption to reduce environmental impact and improve profitability, including new market opportunities, residue valorization, and resource utilization optimization.
  • Development of a new product or improvement of an existing product to enhance competitiveness or productivity.

Additional information

  • The number of technological support hours is allocated in proportion to the value of each eligible mandate.
  • Technological accompaniment must be activated within one year of funding authorization.
  • Investissement Québec reserves the right to terminate the offer without notice.
  • No analysis fees are charged for financing applications under this program.

Frequently Asked Questions about the Duo grand V Program

Here are answers to the most common questions about the Duo grand V. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Duo grand V?

The duo grand V program offers a flexible loan of at least $250,000 to foster innovation and sustainable productivity, focusing on activities like adopting innovative technologies and eco-responsible practices. Eligible projects include the development of technologies, significant product improvement, and modernization efforts.

How much funding can be received?

Duo grand V Funds up to $250,000 of admissible expenses.

Who is eligible for the Duo grand V program?

To be eligible for the Duo grand V program, you must: The company must be funded by Investissement Québec as part of the grand V duo. The company must not operate in non-eligible sectors, such as healthcare staffing agencies, accounting firms, and certain other specified sectors. The projects must include the acquisition or development of innovative technologies, or the adoption of eco-responsible practices.

What expenses are eligible under Duo grand V?

Acquisition, implementation, and/or development of innovative technologies (clean, digital, automated, and robotic technologies). Research and development activities aimed at significant improvement or development of an innovative product, technology, or equipment. Acquisition and/or modernization of buildings aimed at realizing the innovative project. Adoption of eco-responsible and/or innovative practices. Innovation approach towards the adoption of innovative technologies and eco-responsible practices (includes study fees, consultancy, and experts). Identification, selection, and implementation of innovative technologies. Project of enlargement, reconfiguration, or implementation of a factory. Development and/or implementation of a new industrial process. Technological implementation or adoption of practices aimed at reducing the environmental impact of the company and improving profitability (new markets, residue valorization, resource optimization). Development of a new product or improvement of an existing product to increase competitiveness and/or improve productivity.

Who can I contact for more information about the Duo grand V?

You can contact Investissement Québec (IQ).

Where is the Duo grand V available?

The Duo grand V program is available the province of Quebec.

Is the Duo grand V a grant, loan, or tax credit?

Duo grand V is a Loans and Capital investments

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