PARTENAR-IA — CQDM — Industry
Highlights
Hello,
If your business is in the biopharmaceutical sector and you're eager to innovate with AI, this program is tailored for you. You can secure a non-refundable grant of up to $150,000 per partner company, reaching a maximum of $600,000. This grant covers up to 50% of your project expenses when you collaborate with at least one other business and a research center. This means you can advance your AI project without shouldering the entire financial load.
The beauty of this program lies in its collaborative nature. By partnering with a public research institution in Quebec, you gain access to their expertise and resources. This collaboration not only shares costs but also boosts the quality and impact of your research. Your business will benefit from cutting-edge AI developments, accelerating drug discovery and development, giving you a competitive edge in the market.
Moreover, the program allows for a mix of private and government funding sources to cover the remaining costs. This flexibility lets you create a financial plan that suits your business best. It's a fantastic opportunity to innovate and grow, with support from both public and private sectors. Don't miss out on this chance to propel your business forward with AI advancements.
Financing Details
Grant: The financing provided is a non-refundable grant, meaning you do not need to repay the funds.
Repayment Terms and Interest Rates: Since this is a grant, there are no repayment terms or interest rates applicable.
Eligible Expenses: Funds can be used towards costs associated with artificial intelligence projects in the biopharmaceutical sector. This includes expenses related to research and development activities conducted in collaboration with at least one other business and a research institution.
Restrictions on Use of Funds: The grant cannot be used for non-project related expenses such as general overhead, unrelated business costs, or personal expenses.
Fees: There are no fees associated with applying for or receiving this grant.
Qualifications
- The business must be involved in a collaborative research project.
- The research must be conducted in at least one public research institution in Quebec.
- The business must be a company carrying out production or R&D activities in Quebec.
- The business must contribute at least 20% of the eligible expenses in cash.
- The project must involve Artificial Intelligence (AI) technologies applicable in the biopharmaceutical sector.
- The business must partner with at least one other business and a research center.
- The business must be able to secure the remaining 40% of co-funding from private or government sources, excluding MEI.
Description
If your business is in the biopharmaceutical sector and you're looking to innovate with AI, this program could be a game-changer. You can receive a non-refundable grant of up to $150,000 per partner company, with a maximum of $600,000. This grant covers up to 50% of your project expenses when you team up with at least one other business and a research center. This means you can push your AI project forward without bearing the full financial burden.
The program is all about collaboration. By partnering with a public research institution in Quebec, you can leverage their expertise and resources. This setup not only helps in sharing costs but also in enhancing the quality and impact of your research. Your business will benefit from cutting-edge AI developments, which can accelerate drug discovery and development, giving you a competitive edge in the market.
Moreover, the program encourages a mix of private and government funding sources to cover the remaining costs. This flexibility allows you to craft a financial plan that works best for your business. It's a fantastic opportunity to innovate and grow, with support from both the public and private sectors.
Program Steps
Identify Project Partners
Collaborate with at least one other business and a public research institution in Quebec.Prepare Documentation
Gather the necessary documents for your application, including:- Project proposal outlining your AI research objectives.
- Budget plan detailing project expenses.
- Letters of support from your project partners.
- Evidence of cash contributions from industrial partners (minimum 20% of eligible expenses).
- Any relevant research agreements or contracts.
Develop a Financial Plan
Outline how you will cover the remaining project costs, including potential private and government funding sources.Complete the Application Form
Fill out the application form provided by the program, ensuring all sections are completed accurately.Submit Your Application
Send your completed application and all supporting documents before the deadline.Follow Up
After submission, reach out to the program contacts for any updates or additional information regarding your application status.
