INNOV-R — InnovÉÉ

Up to $500,000
Type
GRANTS AND FUNDING
Application Difficulty
MEDIUM
Application DeadlineOctober 17, 2024
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed for businesses like yours that are committed to reducing greenhouse gas (GHG) emissions. By participating, you can access significant funding to support innovative research and development projects. This is a unique opportunity to collaborate with academic and industrial partners to develop new technologies and practices that will help Quebec meet its GHG reduction targets.

What You Get

  • Up to 50% of allowable expenses covered by the grant
  • Total public funding can cover up to 80% of allowable expenses
  • Support for patenting new GHG reduction technologies
  • Access to a network of researchers and innovators

Benefits

  • Financial support for your R&D projects, reducing your financial risk
  • Collaborative opportunities with universities and research centers
  • Enhanced visibility and credibility in the field of GHG reduction
  • Stimulated investment in your innovative solutions

Applying is straightforward, and the program is tailored to support businesses like yours in making a meaningful impact on the environment.

Financing Details

Type of Financing: Grant

Repayment Terms and Interest Rates:

  • No repayment is required as this is a grant.
  • There are no interest rates associated with this grant.

Eligible Expenses:

  • Research and development costs.
  • Salaries for project staff.
  • Equipment and materials directly related to the project.
  • Travel expenses necessary for the project.
  • Costs associated with patenting new technologies.

Ineligible Expenses:

  • General operational expenses not related to the project.
  • Marketing and advertising costs.
  • Office space rental not directly used for the project.
  • Any expenses incurred before the grant approval date.

Fees:

  • There are no application or processing fees associated with this grant.

Qualifications

  • Must be a Quebec-based business with production or R&D activities.
  • Must involve at least one university, college technology transfer centre (CTTC), or public research centre.
  • Must be a collaborative R&D project with a technology readiness level (TRL) of 1 to 6.
  • The business(es) involved must contribute to at least 20% of the allowable expenses, 50% of which may be in kind.
  • Cities and towns, NPOs, organizations, and Crown corporations may be eligible.

  • Disqualifications:

    • None specified in the provided context.

Description

This program offers your business a fantastic opportunity to collaborate on research projects aimed at reducing greenhouse gas (GHG) emissions. You can receive funding that covers up to 50% of your project expenses, making it easier to invest in innovative technologies and practices.

Here’s how the funding can benefit you:

  • Up to 50% coverage on allowable expenses: This can significantly reduce the financial burden on your business.
  • Support for collaborative projects: Work with universities, colleges, or public research centers to develop cutting-edge solutions.
  • Focus on GHG reduction: Contribute to Quebec’s goal of reducing GHG emissions by 37.5% below 1990 levels by 2030.

Your business will need to contribute at least 20% of the allowable expenses, with 50% of this contribution potentially in-kind. This program not only supports your financial needs but also encourages collaboration and innovation, helping you stay ahead in the industry while contributing to a greener future.

Program Steps

  1. Gather Required Documentation: Collect all necessary documents for the application. This includes:

    • Business plan
    • Financial statements
    • Proof of business registration
    • Details of the collaborative research project
    • Letters of intent from project partners (university, CTTC, or public research center)
    • Budget breakdown for the project
  2. Prepare Project Proposal: Develop a detailed project proposal outlining the research objectives, methodology, expected outcomes, and how the project will contribute to GHG emissions reduction.

  3. Secure Partner Agreements: Ensure you have formal agreements with all project partners. This includes universities, CTTCs, or public research centers involved in the project.

  4. Complete Application Form: Fill out the application form provided by the Quebec’s Ministère de l'Économie et de l'Innovation (MEIE). Ensure all sections are completed accurately.

  5. Submit Application: Submit the completed application form along with all required documentation to the appropriate contact at MEIE.

  6. Follow Up: After submission, follow up with MEIE to confirm receipt of your application and inquire about the review timeline.

  7. Respond to Inquiries: Be prepared to provide additional information or clarification if requested by the review committee.

  8. Await Decision: Wait for the decision from MEIE. If approved, review the grant agreement and terms.

  9. Implement Project: Upon approval, begin the project as outlined in your proposal. Ensure all activities align with the objectives and budget submitted.

  10. Report Progress: Regularly report on project progress to MEIE as required by the grant agreement. This includes financial reports and updates on research milestones.

By following these steps, you can successfully apply for and manage the program to support your collaborative research project.

Visit Program Website