PARTENAR-IA — INNOVÉÉ — Academic
Highlights
This program is designed specifically for businesses like yours that are involved in research and development or production activities in Quebec. By participating, you can receive up to $1.5 million in financial assistance, covering up to 40% of eligible expenses. This funding can significantly boost your AI-related projects, helping you innovate and stay competitive.
Key Benefits:
- Financial Aid: Up to $1.5 million per project.
- High Coverage: Government covers 80% of eligible expenses.
- Long-Term Projects: Funding available for projects lasting up to 3 years.
What’s in it for You:
- Enhanced Productivity: Support for product, process, or service innovation.
- Workplace Learning: Integration of interns to promote knowledge acquisition.
- Qualified Workforce: Training for emerging professionals tailored to your industry needs.
This program offers a unique opportunity to collaborate with public research centers and other businesses, making it easier to achieve your R&D goals. The application process is straightforward, ensuring that qualifying for this valuable support is within your reach.
Financing Details
Type of Financing:
- Non-refundable Grant
Repayment Terms and Interest Rates:
No repayment required as it is a grant.
Eligible Expenses:
Covers up to 40% of eligible expenses for collaborative AI R&D projects related to the electricity industry, smart grids, and transportation electrification.
Ineligible Expenses:
- Funds cannot be used for expenses not directly related to the approved R&D project.
Fees:
- No fees associated with the grant program.
Qualifications
- Must be a small or medium-sized enterprise (SME) or a startup.
- Must have R&D and/or production activities in Quebec.
- Must partner with an eligible public research center.
All project stakeholders (industrial and academic) must be InnovÉÉ members in good standing.
- Disqualifications:
- Businesses not involved in collaborative research in artificial intelligence.
- Businesses without R&D and/or production activities in Quebec.
- Projects not conducted by an eligible public research center.
- Stakeholders who are not InnovÉÉ members in good standing.
Description
This program offers your business a non-refundable grant of up to $1.5 million. It can cover up to 40% of eligible expenses when you partner with a research center on an artificial intelligence (AI) R&D project.
You can use the grant for:
- Developing new AI solutions
- Improving existing products, processes, or services
- Enhancing productivity and competitiveness
The grant aims to support your business at various stages of your AI project. It helps you complete innovation projects faster and promotes workplace learning by integrating interns into your company.
Key benefits include:
- Financial support for up to 3 years
- Maximum assistance of $1.5 million per project
- Coverage of 40% of eligible expenses
This is a great opportunity to boost your business's productivity and stay competitive in the market.
Program Steps
Identify Project Partners:
- Ensure you have at least one eligible public research center and one Quebec-based SME or startup as project partners.
Prepare Documentation:
- Gather the following documents:
- Detailed project proposal
- Budget breakdown
- Timeline and milestones
- Letters of commitment from all project partners
- Proof of InnovÉÉ membership for all stakeholders
- Gather the following documents:
Develop a Project Plan:
- Outline the objectives, methodology, and expected outcomes of your AI R&D project.
- Include how the project will improve productivity and competitiveness.
Register for InnovÉÉ Membership:
- Ensure all project stakeholders are InnovÉÉ members in good standing. You can register or renew membership on the InnovÉÉ website.
Complete the Application Form:
- Fill out the application form available on the InnovÉÉ website. Make sure to include all required information and documentation.
Submit the Application:
- Submit the completed application form along with all supporting documents through the InnovÉÉ online portal.
Attend a Program Webinar:
- Participate in a program webinar to understand the application process better and clarify any doubts.
Follow Up:
- After submission, follow up with InnovÉÉ to ensure your application is being processed and to provide any additional information if requested.