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PARTENAR-IA — INNOVÉÉ — Industry

Up to $150,000
Type
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is a golden opportunity for your business to secure a non-refundable grant of up to $150,000 to enhance your artificial intelligence projects. By collaborating with another business and a research center, you could cover up to 50% of your project expenses, allowing you to innovate without draining your resources. Imagine the potential of partnering with others to share expertise and ideas, all while receiving substantial financial support.

Applying for this grant means no repayment necessary, so you can focus solely on growth and innovation rather than worrying about future financial burdens. With availability across the country and open to all sectors, this program is designed to help businesses like yours leap into technological advancements. Don't miss out on the chance to combine forces with others, boost your capabilities, and position your business at the forefront of industry innovation.

Financing Details

This program offers a non-refundable grant. This means you will not have to pay it back, providing a great opportunity for your business to invest in innovative projects.

Key Financial Details:

  • You can receive up to $150,000 per partner company, with a maximum of $600,000 available if you have multiple partners.
  • The grant covers up to 50% of the eligible expenses related to your project, which can significantly reduce your financial burden.

Eligible Expenses:

  • The funds can be used for costs associated with partnering on an artificial intelligence project, which may include research and development expenses, technology acquisition, and other project-related costs.

Restrictions and Fees:

  • The grant cannot be used for any personal expenses or costs unrelated to the project.
  • There are typically no fees associated with this program, making it a straightforward option for funding your business initiatives.

Qualifications

  • Must partner with at least one other business.
  • Must partner with a research center.
  • Project must focus on artificial intelligence.
  • Total funding available per partner company is up to $150,000 (maximum of $600,000 for all partners).
  • No minimum or maximum number of employees required.
  • No minimum or maximum revenue qualifications.
  • All legal structures are eligible.
  • All profit structures are eligible.
  • Program is available across the country.

    Disqualifications:

  • None specified in the provided context.

Description

This program offers a non-refundable grant up to $150,000 for your business, specifically for artificial intelligence projects that involve collaboration with another business and a research center. The funding can cover up to 50% of your project expenses, which means you could save a significant amount while advancing your technology efforts.

You can use this grant to explore new innovations, enhance your services, or improve efficiency. This is a fantastic way to partner with others and combine resources for a common goal, all while receiving financial support tailored to your unique project.

There are no payback conditions for this grant, as it is non-refundable. This means you can focus on growing your business without the burden of repayment. This program is accessible nationwide and is open to a variety of sectors, making it a valuable opportunity for you to advance your business through collaboration and technology.

Program Steps

  1. Identify a Research Partner
    Find a research center and another business to collaborate with on your artificial intelligence project.

  2. Discuss Project Details
    Collaborate with your partners to define the scope of your AI project, including goals, methodologies, and how the grant will help.

  3. Prepare the Appropriate Documentation
    Gather the necessary documents for the application:

    • Project proposal detailing objectives and activities
    • Budget outline showing how the grant funds will be utilized
    • Letters of support from your partners
    • Business registration documents
    • Financial statements for the last two years (if applicable)
    • Team resumes outlining qualifications relevant to the project
  4. Complete the Application Form
    Fill out the application form, ensuring all required information is accurately provided.

  5. Submit the Application
    Review the application and submit it along with all the required documents before the deadline.

  6. Follow Up
    Keep in contact with the program administrators for any updates or additional information needed after submission.

Visit Program Website