PARTENAR-IA — PRIMA — Industry
Highlights
This program is designed for businesses like yours to enhance competitiveness through the adoption of artificial intelligence (AI). By participating, you can collaborate with other companies and research centers to integrate AI technologies, which can lead to significant economic benefits and position your business as a leader in innovation.
Why Apply?
- Up to $350,000 per company and up to $1,500,000 per project in funding.
- 50% of eligible expenses covered by the program.
- Maximum project duration of 24 months.
Benefits for Your Business
- Boost competitiveness by adopting cutting-edge AI technologies.
- Collaborate with other SMEs and research centers to accelerate innovation.
- Immediate economic benefits from successful project implementation.
- Position your business as a leader in AI development.
The application process is straightforward, and the program is designed to support businesses like yours. Take advantage of this opportunity to drive growth and innovation in your industry.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment required.
- No interest rates apply.
Eligible Expenses:
- Research and development costs related to artificial intelligence.
- Costs associated with the adoption of AI technologies.
- Expenses for collaboration with research centers.
- Hiring costs for interns linked to public research centers.
Ineligible Expenses:
- General operational costs not related to AI projects.
- Marketing and sales expenses.
- Any expenses not directly tied to the AI project.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be a consortium of companies (minimum 2), including at least one Québec SME.
- Must collaborate with a research center.
- Minimum group contribution of 25% of eligible expenses.
- A minimum of 20% of eligible project expenses must come from a service offer from a public research center and/or the hiring of an intern linked to such a center.
- For each eligible partner company, the project must provide for the hiring of a minimum of one intern per year.
- PRIMA contribution: max. 50% of eligible expenses, max. $350,000 per company and max $1,500,000 per project.
- Maximum project duration: 24 months (2 years).
Maximum of 75% of public money in the project.
Disqualifications:
- Projects not related to the themes of the artificial intelligence call and advanced materials.
Description
This program offers a fantastic opportunity for your business to integrate artificial intelligence (AI) technologies. You can receive up to $350,000 per company and up to $1,500,000 per project. This funding can be used for development, commercialization, or adopting AI technologies.
Key benefits include:
- Improving your business competitiveness by adopting AI, especially in sectors where AI is not widely used.
- Collaborating with other companies and research centers to accelerate AI integration.
- Achieving significant and immediate economic benefits through AI projects.
The program covers up to 50% of eligible expenses, and your business needs to contribute at least 25% of the eligible costs. Projects can last up to 24 months. This is a great chance to position your business as a leader in AI innovation and drive growth in Quebec.
Program Steps
Contact an Advisor: Reach out to an advisor before March 15, 2024, to get the application form and discuss your project.
Prepare Documentation: Gather the necessary documents, including:
- Detailed project proposal
- Financial statements
- Business plan
- Collaboration agreements with other SMEs or research centers
- Proof of Québec SME status
- Intern hiring plan
Form a Consortium: Ensure your consortium includes at least two companies, with at least one being a Québec SME, and a collaboration with a research center.
Develop a Budget: Create a detailed budget that includes:
- Total project cost
- Eligible expenses
- Group contribution (minimum 25% of eligible expenses)
- Public research center service offers (minimum 20% of eligible expenses)
- Intern costs
Submit the Project: Submit your project proposal through the general call by the company coordinating the project.
Meet Deadlines: Ensure the full application is submitted to the RSRI by April 15, 2024, at 4 p.m.
Await Review: The application will be reviewed to ensure it meets all criteria and aligns with the program's objectives.
Approval and Funding: Upon approval, discuss the final terms, including funding amounts and project timelines. Once agreed upon, the funds will be disbursed to start your project.