How much funding can be received?

Funds up to 25% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Funding program for cybersecurity innovation projects in Quebec – Innovation stream

Q: What are Funding program for cybersecurity innovation projects in Quebec – Innovation stream's eligibility criterias?

The applicant must be a for-profit private company with an active establishment in Quebec. The company must be legally incorporated under federal or Quebec laws and registered with the Quebec Enterprise Register. The company must not be owned 50% or more by other existing companies or organizations.

QC, Canada

Cybersecurity innovation grants for Quebec businesses

grant_single|update January 24, 2025

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Grant and Funding

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Information and cultural industries

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PROMPT

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.