As a member of Réseau Trans-tech, TransBIOTech is fortunate to give its customers the benefit of government financial programs and tax credits related to research and development. See some of the financial support available.
MDEIE: Support for Technological Intensification
Eligibility: Companies with fewer than 200 employees. Project involving a Technology Transfer College Centre (CCTT) and aiming for corporate innovation via the introduction and adaptation of new technologies or via the development of new procedures and products.
Grant: MDEIE contribution of 50% of project cost with a maximum contribution of $50,000 provided to the company. May be combined with up to another 10% of governmental subsidies.
MELS: Technological Research Assistance Program (PART)
Eligibility: Project involving a company and aimed at supporting applied research conducted by a college center for technology transfer (CCTT).
Grant: Biannual Contest (October to March). Financial assistance of up to $50,000 paid to CCTT including a grant of up to $ 36,000 and up to $14,000 in labor costs for a teacher-researcher. Mandatory contribution in cash for the company.
NSERC: Applied Research and Development (ARD)
Eligibility: Research and development projects conducted jointly by professional researchers at colleges and their private sector partners.
Grant:
Level 1 : up to $25,000 without monetary contribution from the company
Level 2 : up to $75,000 with contribution from the company (33% +)
Level 3 : more than $75,000 with contribution from the company (50% +)
NRC Industrial Research Assistance Program (IRAP)
Eligibility: The program is aimed at companies with 500 or fewer employees to develop or improve a commercial product or process involving a high enough degree of technological uncertainty
Grant: NRC-IRAP helps, with shared costs, in the research and development of technical projects at the pre-competitive stage through non-repayable financial assistance.
Refundable tax credit for technological adaptation services
The expenses non-allowable for R & D tax credit may be eligible for the refundable tax credit for technological adaptation, exclusively granted to CCTT. This refundable tax credit allows Quebec companies to recover 40% of the cost of services rendered by the CCTT.
