Funding program for cybersecurity innovation projects in Quebec – Innovation stream

Who is not eligible

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.

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.

Eligible geographic areas

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.

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.

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.