Technology and Business Demonstration
Highlights
This program is designed for businesses like yours that want to innovate and grow. It offers financial assistance of up to 75% of your project's total eligible cost, with a maximum of $500,000. This funding can help you test the technical or commercial viability of new energy-saving or power demand optimization measures.
Why should you apply?
- Accelerate profitability: See your project become profitable more quickly.
- Boost competitiveness: Make your company more competitive in the market.
- Gain recognition: Become known as an innovative firm.
- Technical support: In some cases, receive technical support from Hydro-Québec.
What's in it for you?
- Long-term savings: Enjoy long-term electricity savings.
- Optimize power demand: Improve power demand management.
- Easy qualification: If your project focuses on new or improved technologies or innovative business strategies, you likely qualify.
Applying for this program can provide the financial and technical support needed to bring your innovative ideas to life, making your business more efficient and competitive.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment required as this is a grant.
Eligible Expenses:
- Costs related to testing the technical or commercial viability of innovative energy-saving measures.
- Expenses for acquiring technological and business data.
- Demonstration of the benefits and business relevance of the proposed measures.
Use of Funds:
- Funds can be used for:
- Energy efficiency projects.
- Power demand optimization measures.
- Technological and business demonstration projects.
Restrictions:
- Funds cannot be used for:
- Electricity generation or self-generation projects.
- Projects already submitted or accepted under other Hydro-Québec energy efficiency programs.
- Research and Development (R&D) stage technologies.
- Business start-up projects.
- Advertising, promotion, or marketing of a project or technology.
Fees:
- No fees associated with the grant application or administration.
Qualifications
- Must explore proven, yet little-known, technologies whose viability in Québec has yet to be established.
Project must focus on at least one of the following areas:
- Use of a new technology.
- New application or improvement of an existing technology.
- Adoption of an innovative business strategy.
Disqualifications:
- Projects already submitted or accepted under any of Hydro-Québec’s energy efficiency programs.
- Projects whose technology is at the R&D stage.
- R&D or business start-up projects.
- Projects aiming solely to advertise, promote, or market a project or technology.
- Electricity generation or self-generation projects.
Description
This program offers your business a great chance to grow and innovate. You can receive financial assistance covering up to 75% of your project's total eligible costs, with a maximum of $500,000. This funding can help you test new energy-saving technologies or strategies to optimize power demand.
Benefits for your business include:
- Faster profitability for your project.
- Enhanced competitiveness in your market.
- Recognition as an innovative company.
- Potential long-term electricity savings.
- Better power demand management.
In some cases, you might also receive technical support from Hydro-Québec. This program is designed to help you gather valuable data and demonstrate the benefits of your innovative measures. It’s a smart way to invest in your business’s future.
Program Steps
Download the Participant's Guide: Obtain the Participant's Guide from the program's website. This guide will provide detailed information on the eligibility requirements and application process.
Prepare Required Documentation: Gather the necessary documents to support your application. These include:
- Project outline
- Form — Supporting document for developing a technology and business demonstration project
- Sample contract project
- Technological and business demonstration project evaluation criteria
- Any additional reference materials and technical data sheets
Develop Your Project Proposal: Create a comprehensive project proposal that outlines your innovative energy-saving or power demand optimization measures. Ensure your proposal covers:
- The use of new technology or improvement of an existing technology
- Adoption of an innovative business strategy
- Cost-effectiveness and market potential for Québec
Complete the Application Form: Fill out the interactive PDF application form using Adobe Acrobat Reader. Save the form on your computer and ensure all sections are thoroughly completed.
Submit Your Application: Submit your completed application form and all supporting documents to the designated contact provided in the Participant's Guide. Ensure you follow any specific submission instructions.
Contact an Expert: If you have any questions or need further assistance, contact one of the program's experts. They can provide guidance and answer any queries regarding your project and the application process.
Review and Approval: Once submitted, your application will be reviewed by the project review committee. They will assess the eligibility and potential impact of your project based on the criteria outlined in the Participant's Guide.
Receive Financial Assistance: If your project is approved, you will receive financial assistance of up to 75% of your project’s total eligible cost, up to a ceiling of $500,000.