Imagine saving on taxes for up to ten years—that’s what this program offers. It allows new businesses like yours to invest those savings back into growth. You can fuel innovation, enhance your marketing, or expand operations without the heavy burden of taxes weighing you down.

Gaining a tax holiday not only improves your cash flow but also positions your company as part of Quebec's vibrant innovation hub. By commercializing intellectual property from local research, you’ll help support the broader community, including universities and public research centers. This isn’t just about saving money; it’s about aligning your business with a growing ecosystem that champions innovation and entrepreneurship.

Applying for this program is straightforward, making it easy for you to access these benefits. With the potential for ongoing tax relief through certification renewals, this is a chance to take your business to the next level while supporting the local economy. Don’t miss out on this opportunity to enhance your business and contribute to a thriving community.

Type of Financing
This program offers a tax credit as a means of financing. This tax relief can last for up to ten years for eligible companies that achieve certification from the Ministry related to their commercialization ventures.

Repayment Terms and Interest Rates
Since this is a tax credit, there is no repayment required, nor are there any interest rates to worry about. You won’t need to pay back the funds; instead, the funds will reduce your tax burden.

Eligible Expenses and Restrictions
Eligible expenses typically include costs associated with research and development, commercialization activities, and innovative projects. However, funds cannot be used for personal expenses or any costs unrelated to the business or its intellectual property.

Fees
There are no specific fees associated with applying for the tax credit itself. However, it's essential to ensure that your application and documentation are complete and accurate for a smooth approval process.

• Must be a new company dedicated to the commercialization of intellectual property.
• Company must be based in Quebec.
• Hold certification from the Ministry for an eligible commercialization venture.
• Certification is valid for a maximum of three years and can be renewed.
• No minimum or maximum number of employees required.
• No minimum or maximum company revenue required.
• All legal structures are applicable (e.g., sole proprietorship, corporation).
• All profit structures are applicable (e.g., for-profit, non-profit).

Disqualifications:

• Companies not focused on the commercialization of intellectual property from Quebec's public research are not eligible.

This program is designed to support new businesses that focus on turning intellectual property from Quebec's public research into commercial ventures. You could benefit from tax relief for up to ten years, giving your business more room to grow without the burden of taxes.

The money you save on taxes can be reinvested back into your business. This means you can use those funds for innovation, marketing, or expanding your operations. To qualify for this support, your business will need to get a certification from the Ministry, which is valid for three years and can be renewed if your project continues.

This is a great chance to strengthen your business while contributing to the local economy. By retaining intellectual property in Quebec, you’re not only enhancing your company but also helping universities and research centers thrive. This is about more than just savings; it's about becoming part of a growing community of innovators.