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PIIA Program - Part 2 : SMEs

Up to $350,000
Type
Application Difficulty
EASY
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is tailored for Quebec businesses like yours looking to innovate in the field of artificial intelligence. You can receive financial aid for developing new AI products or significantly enhancing existing ones. This support can help you stay competitive in a rapidly advancing market while boosting your project’s potential.

Collaboration is integral to this program, encouraging partnerships with experts and other companies. This means you won’t just receive funding—you’ll also tap into a network of knowledge and resources that can elevate your business. The program is open to all types of companies, whether you're a startup or an established business. As a participant, you’ll be positioned to lead in the AI sector, driving growth and fostering innovation.

Don't let concerns about qualifications hold you back. The application process is straightforward, which makes it easier for you to start your journey toward enhancing your AI capabilities. Apply now and take advantage of this unique opportunity to advance your business.

Financing Details

This program offers grants to support your innovation projects in artificial intelligence. Grants are funds that you won’t need to pay back, making them a fantastic option for growing your business without incurring debt.

Repayment Terms and Interest Rates

Since this is a grant, there are no repayment terms or interest rates to worry about. You can focus on your project without the pressure of paying back what you receive.

Eligible Expenses

You can use the grant funds for a variety of expenses related to your AI projects. This includes:

  • Development and commercialization of new products
  • Significant improvements to existing products
  • Research and development activities focused on AI
  • Collaborating with experts in the AI field

Restrictions on Use of Funds

It's important to note that the funds cannot be used for general operational costs or non-project related expenses. Also, be sure to check for any fees that could be associated with the program, as these can vary. Always read the fine print to understand all aspects of the funding you're receiving.

If you have any questions about specific expenses or fees, we’re here to help you navigate that!

Qualifications

  • Located in Quebec
  • Engaged in an innovation project for the development, commercialization, or adoption of AI technologies
  • Category: SMEs with artificial intelligence projects for goods and services, or for in-house research and development
  • No minimum or maximum employees required
  • No minimum or maximum revenue qualifications
  • All legal structures are applicable
  • All profit structures are applicable

Disqualifications:

  • None specified

Description

The program supports businesses in Quebec that want to innovate in artificial intelligence (AI). You can receive financial aid to help develop new products or make significant improvements to what you already offer. This funding is designed to enhance your projects that have technological and commercial potential in the AI sector.

Collaboration is key. The program encourages you to work with experts and other companies. This teamwork can strengthen your business and elevate Quebec’s position as a leader in AI innovation. You’ll be part of a community that shares knowledge and resources.

With no strict conditions on employee numbers or revenue, this program is open to all types of businesses. Whether you're a startup or an established company, this is a valuable opportunity to advance your AI projects and drive growth.

Program Steps

  1. Visit the Program Website
    Go to the official program website to access application guidelines and resources.

  2. Identify Your Project Details
    Clearly outline your AI innovation project or the improvements you plan to make to an existing product.

  3. Prepare Required Documentation
    Gather the necessary documents for your application. This may include:

    • A detailed project proposal
    • Business registration documents
    • Financial statements or projections
    • Evidence of collaboration with experts or partner companies
    • Any relevant permits or certifications related to your AI project
  4. Complete the Application Form
    Fill out the application form thoroughly, ensuring all information is accurate and complete.

  5. Submit Your Application
    Submit your application along with all required documentation by the specified deadline.

  6. Monitor Your Application Status
    Keep track of your application status and respond promptly to any requests for additional information from the program administrators.

  7. Prepare for Collaboration
    Once approved, be ready to engage with experts and other businesses as part of the program. This is crucial for maximizing the benefits of the funding and resources available.

Visit Program Website