Funding program for cybersecurity innovation projects in Quebec – Innovation stream
QC, Canada
Cybersecurity innovation grants for Quebec businesses
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Information and cultural industries
grant_single|grantors
- PROMPT
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
