![PIIA Program - Part 2 : SMEs Canada](https://assets.hellodarwin.com/grant-provider/logos/4e9ec478-d78b-4b88-95e0-e02e7fd33511.png)
PIIA Program - Part 2 : SMEs
At a glance
- Max. $350,000
- 50% of project cost
- Open Date : May 14, 2024
- All industries
- PROMPT
- Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)
Overview
Eligibility criteria
Eligibility criteria for this grant are as follows:
- Be a company legally incorporated under federal or Quebec law and registered with the Quebec Enterprise Registrar;
- Have its head office in Québec and employees or subcontractors who work mainly in Québec;
- Have 249 or fewer employees in Québec;
- Have assets of less than $50 million.
Who is eligible
Companies eligible for this grant must be legally constituted under federal or Quebec laws and registered with the Registraire des entreprises du Québec. Projects must focus on developing a new product or process, improving an existing one, demonstrate technological or business risk, involve research and development efforts, and show commercial potential.
- Legally constituted companies under federal or Quebec laws
- Registered with the Registraire des entreprises du Québec
- Focusing on new product/process development or improvement
- Demonstrating technological or business risk
- Involving research and development efforts
- Showcasing commercial potential
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
Eligible expenses for this grant include:
- Costs related to the development of a new product or process
- Expenses for significant improvement of an existing product or process
- Technological and business risk or uncertainty costs
- Research and development efforts
- Expenses required for projects with commercial potential
Eligible projects & activities
Eligible projects:
- the project must involve the development of a new product or process, or the significant improvement of an existing product or process;
- the project must involve the necessary level of innovation, i.e.: the product or process must present a decisive advantage over existing solutions on the market in relation to the sector of activity at national or international level;
- the project must involve a technological and/or business risk or uncertainty for the company;
- the project must have required or will require research and development efforts;
- when the product or process is intended for sale, the project must demonstrate commercial potential.
Evaluation & 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: Eligibility check
Check that your company meets the eligibility criteria established by the Artificial Intelligence Grant Program.
Step 2: Preparing your application
Gather all required documents, including information on the AI innovation project, company financial data, etc.
Step 3: Submitting your application
Submit your application in the manner specified by the grant program.
Additional information
Terms and conditions
- Maximum assistance equivalent to $350,000 per project;
- Maximum financial assistance is 30% of total eligible expenses for a project carried out by an SME alone, and 50% of total eligible expenses for a project carried out by an SME in collaboration with a research center;
- Cumulative government spending may total up to 50% of total eligible expenses for a project carried out by an SME alone, and 75% for projects carried out by an SME in collaboration with a research center.
- The maximum project duration is 2 years.
Please note :
- Management fees apply to the total value of the project;
- Unsubsidized expenses may be eligible for tax credits, including the Scientific Research and Experimental Development (SR&ED) tax credit, according to the current criteria of these programs.
Grant Summary: Programme d'innovation en Intelligence Artificielle (PIIA)
In-Depth Explanation of the Programme d'innovation en Intelligence Artificielle (PIIA)
Envergure Stream
- Duration and Timeline: The maximum project duration is 18 months. Applications are expected to close in the spring of 2024, though this is subject to renewal confirmation.
- Financial Assistance: The program offers a maximum financial assistance of CAD 1.5 million per project. The funding can cover up to 50% of the total eligible expenses, with collective governmental aid possibly reaching 75% of these expenses.
- Eligibility Criteria: Eligible projects must focus on developing new products or processes or significantly improving existing ones. The projects should present a distinct advantage over current market solutions and demonstrate both technological and business risks. They must also show potential commercial viability if the product or process is intended for the market.
- Collaborative Requirements: At least one small or medium-sized enterprise (SME) must be involved in the project grouping, ensuring that smaller innovators can contribute and benefit from the initiative.
- Additional Details: An administrative fee constituting 5% of the total eligible expenses applies. The program also accommodates for non-subsidized expenses to be eligible for tax credits such as the Scientific Research and Experimental Development (SR&ED) tax credit.
PME Stream
- Duration and Timeline: Projects under this stream can span up to two years. Application deadlines are anticipated for the spring of 2024, with program renewal awaiting confirmation.
- Financial Assistance: A maximum funding of CAD 350,000 is available per project. For projects undertaken by SMEs alone, the financial assistance can cover up to 30% of eligible expenses and up to 50% if collaborating with a research center.
- Eligibility Criteria: To qualify, SMEs must be legally incorporated under Quebec or federal laws and registered with the Quebec Business Registry. They should have their headquarters in Quebec, with a workforce primarily based in the province. Additionally, these enterprises should have less than 249 employees and assets worth under CAD 50 million.
- Project Requirements: Similar to the Envergure stream, projects must deal with the creation or significant enhancement of products or processes, demonstrate a considerable degree of innovation and competitive advantage, and involve inherent technological or business risks. Projects should also exhibit potential market readiness if commercially oriented.
- Additional Details: The program imposes a 5% administrative fee on eligible expenses. Non-subsidized expenses may qualify for tax credits under programs like SR&ED.
Strategic Benefits
- Access to Expertise: By collaborating with top-tier researchers and industry experts, companies can leverage cutting-edge knowledge and methodologies in AI.
- Enhanced Competitiveness: The focus on developing innovative solutions with significant advantages over existing market offerings bolsters the competitive edge of Quebec enterprises on both national and international stages.
- Risk Mitigation: The program’s financial support helps mitigate the inherent risks associated with high-stakes R&D and innovation projects.
- Networking Opportunities: Through the collaborative nature of the Envergure stream, companies can build strategic partnerships that may extend beyond the scope of the funded project.
- Commercial Viability: Projects with clear commercial potential can take advantage of this structured support to expedite market entry and adoption.