
Overview
The funding program supports innovation projects in artificial intelligence for Quebec-based companies, with a focus on development, commercialization, or adoption of AI technologies. The program provides a maximum funding of $1.5 million for projects involving a consortium of at least two companies and $350,000 for projects led by a single SME, covering activities that include the development of new or significantly improved products or processes.
At a glance
Funding available
- Increase performance through digital transformation
- Develop a new product or service
- Maximum amount : 350,000 $
- Up to 50% of project cost
Eligible candidates
- All industries
- Quebec
- For-profit business
- $ 50,000,000 maximum revenue
- 249 employees maximum
- All groups
Next Steps
Activities funded
- Innovative technology projects in the Information and Communications Technology (ICT) sector in Quebec.
- Research and development initiatives led by entrepreneurs or researchers aimed at advancing innovation.
- Projects fostering the implementation and development of artificial intelligence solutions.
Eligibility
Who is eligible?
- Entrepreneurs in innovation
- Researchers in innovation
- Companies in the Information and Communications Technologies (ICT) sector in Quebec
Who is not eligible
There are certain types of companies that are not eligible for this grant. The following companies are not eligible:
- Companies not legally incorporated under federal or Quebec law
- Companies not registered with the Registraire des entreprises du Québec
- Organizations not based in Quebec
- Companies with more than 249 employees in Quebec
Eligible expenses
The eligible projects for this grant focus on developing innovative products or processes in the field of artificial intelligence, enhancing existing technologies, and fostering collaborations for technological advancement and commercialization.
- Development of a new product or process in artificial intelligence.
- Significant improvement of an existing product or process in artificial intelligence.
- Collaboration projects involving research and development efforts.
- Projects that introduce a substantial technological or business advantage over existing market solutions.
Eligible geographic areas
- Quebec
Selection criteria
Selection criteria for the Program in Artificial Intelligence Innovation include the following:
- Relevance of the project to the development, marketing, or adoption of AI technologies.
- Demonstration of collaboration with other companies and leveraging expertise in AI.
- Potential contribution to positioning Quebec as a leader in artificial intelligence.
- Legal constitution and registration status of the applying company according to federal or Quebec laws.
- Innovation level and advantage over existing market solutions.
- Technical and/or business risk or uncertainty in the project.
- Evidence of research and development efforts.
- Commercial potential of the product or process.
How to apply
- Step 1: Identify Eligible Funding Program
- Review available PROMPT funding programs to determine the best fit for your artificial intelligence innovation project.
- Step 2: Request Funding
- Access the "Demandez du financement" (Request Funding) section on the PROMPT website.
- Initiate contact with PROMPT to express your interest and obtain guidance for your application.
- Step 3: Prepare Application Documents
- Compile your project proposal and all required supporting documentation.
- Ensure your application demonstrates the innovative nature and potential impact of your AI project on your SME.
- Step 4: Application Submission
- Submit your completed application to PROMPT through their designated submission process or online portal.
- Step 5: Follow Up and Support
- Engage with PROMPT for personalized advice and guidance during the evaluation process.
Additional information
- PROMPT provides both funding and personalized support for technology innovation projects.
- Programs are derived from provincial funding and may be combined with federal funding opportunities.
- A diverse range of events and networking opportunities are offered to members and applicants.
- Applicants may consult examples of previously funded projects to better understand program scope.
Other components of this program
- PIIA Program - Part 1: ScopeAI innovation funding for Quebec businesses