How much funding can be received?

Funds up to 35% of admissible expenses, capped at $1500000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the The Quantum Technologies innovation funding program?

The Quantum Technologies innovation funding program is funded by PROMPT

What are The Quantum Technologies innovation funding program's eligibility criterias?

Companies must be legally constituted under Canadian or Quebec laws and registered with the Quebec Business Register. The company must have its head office in Quebec, with employees or subcontractors primarily working from Quebec. Companies participating in the project must not be remunerated by the others involved in the project.

The Quantum Technologies innovation funding program

QC, Canada

Supports quantum technology research collaboration funding in Quebec

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Partnering and Collaboration

Grant and Funding

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Professional, scientific and technical services

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PROMPT

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.