This program is tailor-made for Quebec-based SMEs and startups like yours that focus on AI innovation. By tapping into this opportunity, you could receive up to $500,000 per year to support your projects in artificial intelligence. This funding can help you harness new technologies, hire expert talent, or develop groundbreaking products, giving you the competitive edge needed in today’s market.

One of the best features of this program is that it’s a grant—meaning you won’t have to repay it. This provides a fantastic way to innovate with minimal financial risk, allowing you to focus on growing your business rather than worrying about future debts. The whole process is designed to be accessible, making it easier for you to pursue the funding you need to drive your AI projects forward.

Applying for this program is a step towards positioning your business at the forefront of the AI landscape in Quebec. With this support, you can elevate your operations and achieve the growth your business deserves. Why wait? Take advantage of this opportunity to thrive in an exciting and rapidly evolving industry.

This program offers grants to eligible businesses. The financial support can go up to $500,000 per year for innovative AI projects. Grants mean you won't need to repay the money, making it a great opportunity for your business.

Repayment Terms and Interest Rates

There are no repayment terms or interest rates involved with the grants. Since this is not a loan, your business will not incur any debt from receiving these funds.

Eligible Expenses

You can use the grant for various eligible expenses, such as:

• Research and development costs
• Technology and software procurement
• Hiring qualified personnel
• Training and skill development

Restrictions

It's important to note that the funds cannot be used for:

• Non-AI related projects
• Everyday operational expenses
• Assets that depreciate quickly

Fees

There are no fees associated with the program. You can apply for the grant without worrying about additional costs.

• Must be a Quebec-based small or medium-sized enterprise (SME) or startup.
• Must be focused on AI innovation projects.
• No minimum number of employees required.
• No maximum number of employees required.
• No minimum revenue qualifications.
• No maximum revenue qualifications.
• All legal structures are applicable (e.g., sole proprietorship, partnership, corporation).
• All profit structures are applicable (e.g., for-profit, non-profit).

Disqualifications:

• Businesses located outside of Quebec are disqualified.

The program provides financial support of up to $500,000 per year for your AI-focused innovation projects. This funding can be a game-changer, allowing you to enhance your operations and adopt new technologies that make your business more competitive. Whether you’re a startup or an established SME in Quebec, this support is designed to drive growth in the AI sector.

You can use the funds for various purposes, such as hiring talent, investing in research, or developing new products. This support allows you to innovate without the financial burden, helping to position your business at the forefront of the AI landscape in Quebec.

The great news is that this is a grant program, meaning you won’t have to pay it back. This makes it an excellent opportunity for you to advance your projects with minimal financial risk. Embrace this chance to grow your business in an exciting and supportive environment.