How much funding can be received?

Funds up to 250000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Duo grand V?

Duo grand V is funded by Investissement Québec (IQ)

What are Duo grand V's eligibility criterias?

All sectors of activity are eligible except health staffing agencies, accounting firms, cryptocurrency, finance and insurance, real estate (land subdivision), public relations and media services (except advertising agencies), and legal services. Restricted sectors include agriculture and fishing, cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, and B2C sales, including retail. Eligible projects must align with the acquisition, implementation, and development of innovative technologies or eco-responsible practices.

Duo grand V

grant_single|update April 5, 2025

QC, Canada

Flexible funding and tech support for sustainable innovation projects

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grant_single_labels|terms_and_conditions

grant_single_labels|projects

grant_single_labels|admissibility

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grant_single_labels|otherInfo

grant_single_labels|summary

grant_single|eligibleFinancing

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grant_single|deadlines

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grant_single|financingType

Loans and Capital investments

grant_single|eligibleIndustries

Manufacturing
Information and cultural industries
Professional, scientific and technical services
Administrative and support, waste management and remediation services

grant_single|grantors

Investissement Québec (IQ)

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grant_card_status|open

grant_single_labels|preview

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.

grant_single_labels|terms_and_conditions

Minimum loan amount of $250,000.
Up to 48 months moratorium on capital repayment, with no impact on the interest rate.
No analysis fees for the financing application.
Eligibility for projects, loans, and conditions subject to authorization within the duo grand V framework.
Loans granted under syndication agreements or subordinate financing are not eligible.
Accompaniment available for a maximum of 100 hours with innovation experts, applicable to professional fees for eligible technological support mandates valued at a minimum of $20,000.
Technological accompaniment hours offered to financed companies by Investissement Québec under the duo grand V must not exceed a one-year delay from financing authorization to mandate approval.

grant_single_labels|projects

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.

grant_single|admissibleProjectsExample

$ 250,000

Implementation of automated hydroponic vegetable farming

$ 250,000

Robotic automation of sustainable textile manufacturing process

$ 250,000

Development of an eco-friendly smart packaging solution

grant_single_labels|admissibility

The project must involve the acquisition, implementation, or development of innovative technologies such as clean, digital, automated, and robotic technologies.
The project can involve research and development activities aiming at significant product, technology, or equipment innovation.
The project can include real estate acquisition or modernization aimed at achieving innovative project goals.
The project can focus on adopting eco-friendly and innovative practices.
Services include identification, selection, and implementation of innovative technologies, industrial process development, or new product development to enhance competitiveness or productivity.
Eligible sectors exclude personnel placement in health, accounting firms, cryptocurrency, finance and insurance, real estate (land subdivision), public relations and media services (except advertising agencies), and legal services.
Sectors with restrictions include agriculture, fishing, cannabis, hemp, private medical clinics, owner-occupied real estate, tourism, and business-to-consumer sales, including retail.

grant_eligibility_criteria|who_can_apply

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.

grant_eligibility_criteria|who_cannot_apply

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).

grant_eligibility_criteria|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.

grant_single_labels|apply

grant_single_labels|otherInfo

There are no application analysis fees for the funding file.
The maximum duration for a capital repayment moratorium is 48 months, with no impact on the interest rate.
Up to 100 hours of technological support are offered with experts in innovation, applicable on professional fees of eligible technological support mandates valued at a minimum of $20,000.
The number of hours offered is determined in proportion to the value of the mandate.
There is a condition that the delay between financing authorization and the support mandate should not exceed one year.
Investissement Québec reserves the right to terminate the financing and technological support offer of the duo grand V without prior notice.