How much funding can be received?

The grant program provides funding of up to 25% of eligible expenses for large businesses or SMEs in Quebec developing innovations in cybersecurity aimed at commercialization. The purpose is to support the development of new cybersecurity products, solutions, and processes, thereby enhancing technological leadership and facilitating market expansion.

grant_single_labels|terms_and_conditions

This grant provides specific financing modalities designed to assist Quebec-based businesses in advancing cybersecurity innovation projects. These modalities emphasize non-reimbursable contributions and require significant private investment.

The financial assistance granted is a non-reimbursable and non-recurrent contribution.
The maximum financial assistance can represent up to 25% of eligible expenses.
Private contributions must account for at least 50% of the eligible expenses.
The cumulative governmental expenditures can reach up to 50% of the project's eligible expenses.
The maximum duration for the project is 2 years.
A management fee of up to 5% of PROMPT's contribution applies to the total project value.
Non-subsidized expenses may qualify for tax credits, such as the Scientific Research and Experimental Development (SR&ED) tax credit, according to the current criteria of these programs.

grant_single_labels|projects

This program funds the development of new cybersecurity products, solutions, and processes through IT projects, either hardware or software-based. It aims to enhance technological leadership and commercialization prospects.

Development of innovative cybersecurity hardware products.
Creation and implementation of new cybersecurity software solutions.
Design of advanced cybersecurity processes to improve organizational security infrastructure.

grant_single_labels|admissibility

Eligibility for this grant is determined by specific criteria related to the company's legal and operational status in Quebec.

The applicant must be a private for-profit company with an active establishment in Quebec.
The company must be legally constituted under the federal or Quebec laws and registered with the Quebec Enterprise Register.
The company's head office must be located in Quebec, and its employees or subcontractors must primarily work from Quebec.
The company must not be owned 50% or more by other existing companies or organizations.

grant_eligibility_criteria|who_cannot_apply

This grant is available to a specific demographic of companies within Quebec, focused on supporting technological advancements in cybersecurity. As such, there are no explicitly stated ineligible companies or industries based on the given criteria.

grant_eligibility_criteria|eligible_expenses

The grant covers specific expenses directly related to the development and commercialization of innovation in cybersecurity.

Development costs for IT projects, including hardware and software related to cybersecurity products, solutions, or processes.
Salaries and benefits for personnel directly involved in the cybersecurity development project.
Costs related to contracting suppliers and consultants necessary for the project.
Expenses for prototypes and testing of cybersecurity innovations.
Costs associated with project management and reporting.

grant_eligibility_criteria|zone

This grant is specifically designed for companies with an active establishment and headquarters in a particular region. To qualify, all applicants must be located within Quebec.

Businesses headquartered in Quebec, Canada.

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Preliminary Preparation
Contact PROMPT to express interest in the program and get updates on application opening dates.
Ensure your company meets all eligibility criteria and conditions stated by the program.
Step 2: Detailed Proposal Preparation
Prepare a comprehensive project proposal focusing on cybersecurity innovation.
Include detailed descriptions of project objectives, methodologies, expected outcomes, and integration into value chains.
Gather necessary financial information to demonstrate budgets and sources of private contributions.
Step 3: Documentation Compilation
Collect all supporting documents, including business registration, proof of establishment in Quebec, and organizational structure.
Draft any additional documents required, such as letters of support or partnership agreements.
Step 4: Application Submission
Stay informed about the call for applications and submission deadlines once announced.
Prepare to submit the application package as per the specified guidelines by PROMPT.
Ensure all documents are complete, signed, and submitted through the specified submission portal or email.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The grant can be combined with other government funds as long as the total government funding does not exceed 50% of eligible project expenses.
Eligible projects can last up to a maximum of 2 years.
Management fees of up to 5% apply to the total value of PROMPT's contribution, affecting the overall financial planning of the project.
Non-subsidized expenses may qualify for the scientific research and experimental development (SR&ED) tax credit, providing additional financial benefits.
The renewal status of the program and the specific deadline for submission is still pending, so early contact with PROMPT is recommended to prepare and enhance application chances.

Apply to this program

Funding Opportunity for Cybersecurity Innovation

This grant is tailored to support Quebec-based enterprises in advancing their cybersecurity innovations. It provides financial backing to facilitate the development and commercialization of robust cybersecurity solutions, processes, and technologies.

In-depth Analysis of the Grant and Its Significant Role

The primary goal of this grant is to accelerate the development of innovative cybersecurity products, solutions, and processes among Quebec's large companies and SMEs. By providing up to 25% in non-repayable contributions towards eligible expenses of such projects, the grant aims to empower businesses to solidify their technological leadership within the rapidly evolving cybersecurity landscape. This financial aid is coupled with the requirement that at least 50% of expenses should be covered by private contributions, fostering a robust collaborative funding environment that ensures the sustainability and feasibility of future-oriented projects.

Eligible businesses are expected to be privately owned, with their headquarters and primary operations based in Quebec, ensuring that the economic benefits of funded projects remain within the province. The framework of the grant encourages the strategic integration and expansion through value chain incorporation, enabling companies to boost their market presence both locally and internationally. This positions the grant as a strategic tool not only for developing cutting-edge cybersecurity measures but also for fortifying economic resilience by leveraging domestic talent and resources.

The financial support from this grant is instrumental for businesses aiming to establish a competitive edge in the cybersecurity sector. With an increasing reliance on digital infrastructures, securing technology from cyber threats has become paramount. The grant's focus on innovation helps recipients develop solutions that address these critical security needs, promoting technological advancement and broadening commercial opportunities. The grant strategically aligns with key industry trends, including the growth of digital economies and the increasing need for robust cybersecurity frameworks, enabling participating companies to stay at the forefront of industry developments.

Moreover, by stimulating research, development, and market expansion, the grant offers a pathway for companies to transform innovations into commercially viable products, bolstering their potential to scale and enter new markets. This not only contributes to strengthening cybersecurity but also supports Quebec's economic development, creating a dynamic and resilient market sector supported by cutting-edge technology.

The comprehensive evaluation process for funding ensures that only the projects with the highest potential for significant technological and economic impact are selected. This rigorous selection criteria not only optimizes the use of public funds but also ensures that supported projects are poised for long-term success and integration into broader technological ecosystems.

Ultimately, this grant is a crucial opportunity for Quebec's businesses to leverage financial and strategic resources aimed at pioneering cybersecurity innovations. As digital security becomes increasingly vital across all sectors, the support provided through this grant is instrumental in fostering goals of technological leadership and market growth, crucial for the evolving cybersecurity arena.