The Quantum Technologies innovation funding program
QC, Canada
Supports quantum technology research collaboration funding in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
Partnering and Collaboration
grant_single|eligibleIndustries
- Professional, scientific and technical services
grant_single|grantors
- PROMPT
grant_single|status
grant_card_status|closed
grant_single_labels|preview
The Quantum Technologies Innovation Funding Program supports collaborative research projects between at least two Quebec-based companies in the field of quantum technologies, offering a maximum funding amount of $1.5 million per project. Eligible activities include research and development efforts that leverage the latest advancements in quantum technologies to create value and establish Quebec as a leader in this sector.
grant_single_labels|terms_and_conditions
The Quantum Technologies innovation funding program provides financial support for collaborative research projects in quantum technologies through a structured funding approach. The program outlines specific funding modalities that determine the financial assistance available for eligible projects.
- The Ministry's financial contribution is capped at $1,500,000 per project over a maximum duration of 24 months.
- The maximum financial assistance rate is 35% of eligible expenses for projects conducted by SMEs or large enterprises, and up to 50% for startups.
- For projects involving specific expenses, such as those carried out with a public research center representing at least 20% of eligible project expenses, or expenses related to accessing quantum computing platforms via PINQ2, Calcul Québec, and DistriQ, the funding rate is increased to 50% regardless of company size.
- A management fee applies to the total project cost.
- Unsubsidized expenses may qualify for tax credits, including the Scientific Research and Experimental Development (SR&ED) tax credit, based on current program criteria.
grant_single_labels|projects
This funding program is designed to support research and development projects in the field of quantum technologies by fostering collaboration among companies. Eligible activities focus on advancing quantum technology innovations in Quebec.
- Collaborative research projects involving a minimum of two Quebec-based companies, including at least one SME or startup.
- Initiatives that demonstrate a sharing of costs, benefits, and intellectual property related to quantum technology innovation.
- Projects where each participating company contributes expertise and resources (financial or human) towards the research project.
grant_single_labels|admissibility
Eligibility for this grant requires that the applying businesses meet specific criteria regarding their legal status, location, and operations.
- Applicants must be legally incorporated under Canadian federal or Quebec provincial laws and registered with the Quebec Enterprise Register.
- Applicants must have their headquarters located in Quebec, with their employees or subcontractors primarily working from Quebec.
- Businesses must have 249 employees or fewer to qualify as a small or medium-sized enterprise (SME).
- Applicants must not be more than 50% owned by other companies.
- Businesses must possess the rights to use the intellectual property of their product, process, or service.
- Applicants must have assets valued at less than 50 million dollars.
grant_eligibility_criteria|who_can_apply
The funding program for Quantum Technologies is specifically for groups of companies that have collaborative research projects within the quantum technology sector. These projects must involve at least two Quebec-based companies, including at least one small or medium enterprise (SME) or a startup. Moreover, universities or academic bodies are not the primary target, as they have other avenues of funding like the PSO program. To qualify, businesses must be legally registered in Quebec, have their headquarters in the province, employ workers primarily from Quebec, and meet certain criteria based on size and financial status.
grant_eligibility_criteria|who_cannot_apply
The funding program does not specify any particular types of companies or industries that are ineligible to apply, based on the status or main activity of the company. However, eligibility is tailored to support strategic collaborations in quantum technologies as per their criteria.
grant_eligibility_criteria|eligible_expenses
The grant supports expenses that are necessary for executing the research project collaboration in quantum technologies.
- Expenses incurred by a public research center if they make up at least 20% of the eligible project expenses.
- Expenses for access to quantum computing platforms through PINQ2, Calcul Québec, and DistriQ.
grant_eligibility_criteria|zone
This grant is intended for companies that have a significant presence in Quebec, ensuring that funded projects contribute to the development of the technological ecosystem within the region. Eligible applicants must have their headquarters or primary operations within this province.
- Companies based in Quebec, Canada.
grant_single_labels|register
- Step 1: Contact a Counselor
- Reach out to a counselor for detailed guidance on the application process.
- Fill out the contact form provided on the website to initiate communication.
- Step 2: Prepare Your Application
- Ensure your project aligns with the key objectives of promoting quantum technology collaboration.
- Collaboratively draft your proposal, emphasizing shared costs, benefits, and intellectual property among the partner organizations.
- Gather all necessary documents showcasing your eligibility as a PME or startup.
- Include a detailed budget highlighting eligible expenses and management fees.
- Step 3: Submit Your Application
- Prepare all your application documents for submission.
- Follow the specific submission guidelines provided by the counselor to ensure all criteria are met.
- Submit your application within the specified deadline.
- Step 4: Await Feedback
- Receive confirmation of receipt from the funding agency.
- Monitor for any requests for additional information or clarification.
- Prepare for potential interviews or presentations if required as part of the assessment process.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Projects can continuously be submitted by academic actors under the PSO program, as the academic component is no longer available under this specific quantum technologies program.
- Management fees apply to 5% of eligible expenses.
- The grant status is currently open with no specific deadline yet announced for applications.
- A maximum reimbursement of $1.5 million per project is included, covering management fees.
- Funding is provided for up to 35% of eligible expenses for SMEs and large companies, and up to 50% for startups.
- The grant percentage increases to 50% if certain conditions regarding eligible public research center expenses or quantum computing platform access are met.
- Eligible expenses might be additionally eligible for tax credits, such as the SR&ED tax credit.
Apply to this program
Funding Innovation in Quantum Technologies
This grant offers substantial financial support to collaborative research projects in the realm of quantum technologies, encouraging the participation of small and medium enterprises in Quebec. It aims to position the region as a leader in quantum development by fostering partnerships and leveraging cutting-edge advancements.
Detailed Insights into the Quantum Technologies Funding Program
The Quantum Technologies Funding Program is specifically designed to stimulate collaborative research projects between Quebec-based businesses, focusing on the burgeoning field of quantum technologies. The grant encourages partnerships between at least two companies, including one startup or small to medium enterprise (SME), to drive the development of innovative quantum solutions. Quebec’s strategic focus on quantum technology aims to create long-lasting societal and economic impacts by nurturing these high-potential industries.
The program extends a generous financial safety net, offering up to CAD 1.5 million per project. This financial commitment is a clear indication of the importance placed on quantum advancements and their potential to transform multiple sectors ranging from computing to security and beyond. The program is continuously open for submissions, emphasizing the dynamic nature of the technology and the urgent need for ongoing innovation and collaboration.
Projects funded under this initiative must demonstrate collaborative efforts and share the costs, benefits, and intellectual property resulting from their research. This collaborative requirement ensures that all parties involved in the project contribute meaningfully and benefit equitably, creating a balanced ecosystem for innovation. Such partnerships are vital for pooling resources, expertise, and technological capabilities, thereby accelerating the development and application of quantum technologies across diverse fields.
Interestingly, while the primary focus is on business collaborations, the program also recognizes the vital role of Quebec’s research community. By encouraging partnerships with public research centers and facilitating access to specialized quantum computing platforms, the program strengthens the infrastructure and capabilities needed for complex quantum research and development. These collaborative efforts are not only fostering immediate innovation but are also building a strong foundation for sustained research and development in Quebec.
Additionally, the grant structure accommodates scalability and flexibility. For instance, expenses associated with engaging public research entities are incentivized with a higher reimbursement rate, ensuring that projects remain adaptable and ambitious in their scope. This flexibility is particularly beneficial as it allows projects to pivot in response to new discoveries or market demands, thereby maintaining their relevance and impact.
This funding initiative not only financially empowers quantum technology projects but also reinforces Quebec's position as a leader in the high-tech industry. By prioritizing collaborative research and development, the program is playing a crucial role in cultivating a robust quantum technology sector that can compete on a global scale. Organizations that tap into this funding can enhance their innovative capabilities, access cutting-edge resources, and ultimately, contribute significantly to Quebec’s socio-economic fabric.
In conclusion, the Quantum Technologies Funding Program is a strategic lever designed to propel Quebec into the forefront of quantum innovation. By fostering strategic collaborations and offering substantial financial backing, it aims to unlock the full potential of quantum technologies, ensuring that Quebec remains an influential and competitive player in this rapidly evolving field.
