Specialized service development projects dedicated to the growth of companies with high growth potential (startups)

Amount:

$3,000,000

Type:

Grant, Investment

Description:

The Support Program for Research and Innovation Organizations – Support for research projects in collaboration with the community (PSO, component 2) aims to:

strengthen the technological innovation capacity of companies and recipient environments through the development and transfer of technology resulting from public research projects;
strengthen the capacity of innovative companies with high growth potential (startups) to commercialize their innovations;
to establish partnerships between university, college, institutional and industrial circles, whether in Quebec, outside Quebec or internationally;
highlight research results and innovations that have commercial potential.

Comments on Funding:

Financial assistance takes the form of a non-repayable and non-recurring contribution.

The maximum aid rate represents 75% of eligible expenses.

The accumulation of government aid represents 80% of eligible expenses.

The maximum amount of assistance is $500,000 per project for a maximum of $1,500,000 per project. For group projects (more than one organization), the maximum amount of assistance is $1,000,000 per project for a maximum of $3,000,000 per project.

Deadline:

March 31, 2027

Eligibility:

The following organizations are eligible:

NPOs and social economy enterprises within the meaning of the Social Economy Act (chapter E-1, 1.1), whose primary mission is to offer specialized services dedicated to the development of innovative businesses with high growth potential;
establishments of the Quebec higher education and health and social services networks;
municipalities, cities, regional county municipalities (RCMs) – including organizations with similar activities – and NPOs established under the Cities and Towns Act;
any grouping of two or more organizations, meeting the above eligibility criteria.
Applicants must meet the following conditions:

Be registered in Quebec to do business legally and operate a business there.
Not to be registered, provisionally or definitively, in the Register of Companies Ineligible for Public Contracts (RENA) or not to use the services of subcontractors who are also registered there.
Not be registered on the list of companies that do not comply with the francization process.
Have met all their obligations relating to the allocation of previous financial assistance from the Government of Quebec or Investissement Québec for at least two years.
Not be a Crown corporation or a corporation controlled directly or indirectly by a government (provincial or federal), or a business that is majority owned by a Crown corporation.
Not be in a situation of bankruptcy or insolvency.
Not to commit ethical breaches or offer products or services likely to undermine the integrity or call into question the probity of the Government of Quebec, even by association.
Not be in one of the following business areas:
the production or distribution of weapons;
exploration, extraction, drilling, production and refining related to fossil fuels such as oil and thermal coal, except for activities aimed at a transition to a low-carbon economy;
gambling, violent games, combat sports involving any living species, racing or other similar activities;
sexual exploitation, for example an erotic bar, an escort agency, an erotic massage parlor or a swingers club;
the production, sale and services related to the consumption of tobacco or drugs, with the exception of interventions relating to industrial cannabis and hemp presented in section 4.1.3 of the regulatory framework;
any activity whose main subject is protected by the Canadian Charter of Rights and Freedoms (religion, politics, defense of rights, etc.).

Application Steps:

The submission of a request for financial assistance under this component is carried out mainly through calls for projects.

When a call for projects is in progress, consult the information page and follow the process for submitting an application specific to this call for projects.

Documentation Needed:

Applicant should consult Application Steps.

Other Things to Note:

Contact the Ministry of Economy, Innovation and Energy

info@economie.gouv.qc.ca

Toll Free: 1-866-680-1884

Link Guide:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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