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PIIA Program - Part 1: Scope

Up to $1,500,000
Type
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

Are you looking to enhance your business through innovation? This program offers you financial assistance to develop, commercialize, or adopt cutting-edge AI technologies. By collaborating with other businesses in Quebec, you can access funds to support your innovative projects. This is not just an investment in technology; it’s a robust opportunity to boost your company's competitive edge in a rapidly evolving marketplace.

Key benefits include:

  • Funding for collaborative projects: Partner with at least two other Quebec companies to maximize your impact.
  • Flexibility in use: Utilize the funding for creating new products or processes with significant commercial potential.
  • No restrictions on company revenue or employee count, meaning all businesses can participate, regardless of their size.

Being approved for this program not only opens up essential financial support but also establishes connections within the local business ecosystem. It's an excellent way to accelerate your growth and drive technological advancements. Don't miss out on the chance to leverage these resources for innovation!

Financing Details

The financing offered is a grant. This means you won’t have to pay it back, which is fantastic for your cash flow.

Repayment Terms and Interest Rates

Since this is a grant, there are no interest rates or repayment terms involved. Just receive the funding and use it to grow your business!

Eligible Expenses

You can use the funds for a variety of expenses related to the development, commercialization, or adoption of AI technologies. This includes costs for research and development, hiring skilled personnel, and acquiring necessary technology.

Restrictions on Use of Funds

Keep in mind, the funds cannot be used for general operational costs or any expenses not directly tied to your AI projects.

Associated Fees

There are no fees associated with this program, which makes it even easier for you to access the funding you need.

In summary, enjoy the benefits of a no-repay grant while working on innovative AI projects!

Qualifications

  • Location: The business must be based in Quebec.
  • Number of Companies: Must be part of a business group comprising a minimum of two Quebec companies.
  • Sectors: Open to all sectors.
  • Employees: No minimum or maximum employee requirements.
  • Revenue: No minimum or maximum revenue qualifications.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.

Disqualifications: None mentioned.

Description

This program can provide your business with financial assistance to develop, commercialize, or adopt cutting-edge AI technologies. If you collaborate with other Quebec-based companies, you can access funds for your innovative projects. This is a fantastic opportunity to enhance your offerings and stay competitive in a rapidly changing market.

You can use the funding for activities that involve creating new products or processes that have significant commercial potential. This program encourages collaborative efforts, meaning you can partner with at least two other Quebec companies to maximize your impact and reach.

By participating, you’re opening up pathways for growth and technological advancement, which can lead to increased profits and market presence. No restrictions on company revenue or employee count mean that all businesses in Quebec can benefit, regardless of their size or financial standing. This is your chance to take advantage of the resources available to you for innovation.

Program Steps

  1. Identify Collaboration Partners
    Find at least two other Quebec-based companies to partner with for your project. Collaboration is key to maximizing funding.

  2. Define Your Project
    Outline the innovative AI technology project you wish to develop, commercialize, or adopt together with your partners. Clearly describe its objectives and potential market impact.

  3. Prepare Documentation
    Gather the necessary documents for your application. You will likely need:

    • Business registration documents
    • Detailed project proposal
    • Financial statements
    • Letters of intent from collaboration partners
    • Any previous funding application approvals (if applicable)
  4. Complete the Application Form
    Fill out the application form available on the program’s website. Ensure all details about your business and project are accurate.

  5. Review Your Application
    Double-check your application for completeness and correctness. Make sure all required documents are attached.

  6. Submit Your Application
    Send in your completed application along with all required documentation through the specified submission process on the program's website.

  7. Prepare for Follow-up
    Be ready to provide additional information or clarification if requested during the review process. Stay engaged with your partners and maintain open communication as the application progresses.

Visit Program Website