INNOV-R — CQRDA
Highlights
Your business can gain up to $500,000 per year for three years to support research and development projects focused on reducing greenhouse gas emissions. By collaborating with an academic institution or public research center, you’ll not only share costs but also tap into valuable resources and expertise. This grant covers 50% of eligible expenses, making innovative projects more financially accessible without the burden of repayment.
Applying for this program means having the opportunity to enhance your R&D capabilities and contribute to a more sustainable future. The lack of a payback period allows you to invest your time and energy into creating impactful solutions without the worry of accruing debt. It’s a perfect chance to elevate your business while making a positive impact on the environment.
This funding is designed to be straightforward. With no minimum or maximum revenue requirements, and eligibility across all sectors, it makes joining the initiative easier than ever. Make the choice to innovate and grow your business while contributing to a healthier planet.
Financing Details
This financing is a grant. You can receive up to $500,000 per year over a three-year project. The grant can cover up to 50% of eligible expenses when you partner with at least one academic institution or public research center on a research and development project aimed at reducing GHG emissions in Quebec.
Important Financial Details
- Repayment: Grants generally do not require repayment, allowing you to invest the funds into your project without the burden of debt.
- Eligible Expenses: Funds can be used for various costs associated with the project, including research materials, salaries for staff working directly on the project, and other necessary expenditures related to your collaboration.
- Ineligible Expenses: The funds can't be used for general operating costs or administrative expenses that are not directly tied to the R&D project.
- Fees: There are typically no upfront fees associated with receiving this grant, which simplifies the process for business owners like you.
This opportunity can significantly support your project while allowing you to focus on innovation and growth.
Qualifications
- Must be located in Quebec.
- Must collaborate with at least one academic institution or public research center on an R&D project.
- R&D project must aim to reduce GHG emissions.
- No minimum or maximum number of employees required.
- No minimum or maximum company revenue qualifications.
- All legal structures are applicable.
- All profit structures are applicable.
Disqualifications:
- None mentioned.
Description
This program offers your business up to $500,000 each year for three years. You can use this funding to cover 50% of eligible expenses related to research and development projects that focus on reducing greenhouse gas emissions in Quebec. To qualify, you’ll need to team up with at least one academic institution or public research center.
The financial support can significantly enhance your R&D capabilities, allowing you to innovate and implement solutions that benefit not only your business but also contribute to a more sustainable future. By taking part in this program, you can share the costs of these impactful projects, making them more manageable.
There’s no payback period or repayment required for this grant, which means you can focus on your research without the pressure of debt. This is a fantastic opportunity to elevate your business while making a positive environmental impact.
Program Steps
Identify a Research Partner
Collaborate with at least one academic institution or public research center. This partnership is essential for your application.Define Your Project
Outline your research and development project. Focus on how it aims to reduce greenhouse gas emissions.Prepare the Appropriate Documentation
Gather the necessary documents for your application, which may include:- Business registration and legal structure documents
- Financial statements (recent balance sheets and income statements)
- Project proposal detailing objectives, activities, and expected outcomes
- Cost estimates for eligible expenses
- Letters of intent or support from your research partner
Complete the Application Form
Fill out the application form as per the guidelines provided on the program’s website. Make sure to include all required information.Submit Your Application
Send your completed application along with all the supporting documents to the designated submission address. Keep a copy for your records.Follow Up
After submission, check in to confirm receipt of your application and inquire about the timeline for the review process.Prepare for Possible Questions
Be ready to answer any follow-up questions from the program administrators. Clarifications may be needed regarding your project or documentation.