Investissement Québec's Innovation Program aims to bolster innovative projects in Quebec, playing a crucial role in the economic recovery. In this blog post, we'll delve into the eligibility criteria, supported project types, and permissible stages, providing a comprehensive overview of the program.

Eligible Participants:

The program welcomes diverse participants, including:

1. For-Profit Enterprises: All sectors are eligible.

2. Social Economy Enterprises: This includes cooperatives and non-profit organizations in compliance with the Social Economy Act.

3. Business Collaboratives: Requests can be submitted by a non-profit organization overseeing project management, streamlining the process.

Eligible Projects:

In the context of economic recovery, the program favors the most innovative projects with significant potential impact. Eligible projects span from the planning phase to pre-commercialization and must adhere to the following criteria:

• Degree of Innovation: The project must have a decisive advantage over existing solutions nationally or internationally.

• Technological and/or Business Risk: The project must involve technological and/or business risk or uncertainty, necessitating research and development efforts.

• Commercial Potential: Projects intended for sale must demonstrate commercial potential.

Project Execution:

Projects can be undertaken by a single enterprise, a collaborative group of businesses, or in collaboration with public research centers in Quebec. Collaboration with external partners is also possible, generating substantial economic and technological benefits for Quebec.

Eligible Stages and Activities:

Admissible stages cover a wide range of activities, from project planning to technological showcases. These include principle validation, product or process research and development, product qualification, intellectual property protection, international development support, and more.

Financial Support:

Financial support is provided in the form of a non-repayable contribution, with specific rates and cumulative support for each project.

What financial assistance can you receive?

The grant can cover up to 50% of the total expenses, ranging from $50,000 to $350,000, depending on the project.

For detailed information on financial aid rates, refer to the Eligible Projects table on the official Investissement Québec Innovation Program website.

Investissement Québec's Innovation Program presents a valuable opportunity for enterprises and collaborative groups in Quebec to bring their innovative projects to fruition. By fostering collaboration and supporting high-potential initiatives, the program actively contributes to the economic vibrancy of the region. For more information and to submit an application, visit Investissement Québec's official website.

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