The purpose of this program is to support companies, primarily SMEs, in carrying out their innovation projects and marketing their innovations.
More specifically, this program is intended to support companies at the various stages of a product or process innovation project: planning, development, demonstration and marketing. It helps speed up product or process innovation projects and, ultimately, contributes to improving companies’ productivity and competitiveness, particularly among SMEs.
Government assistance varies according to the number of companies and centers (QuébecInnove member centers) involved and collaborating on the project. For a project involving a single company, the financial support can go up to 30% of eligible expenses for a maximum of $50,000 per project; if the company is part of a collaborative project involving at least one other company and/or one QuébecInnove member center, the financial support is then increased to 50% of eligible expenses for a maximum of $150,000 per company.
If the company’s project involves a real-life demonstration project or a technology showcase project, the financial support represents 50% of the eligible expenses and the amount will be increased to a maximum of $350,000 per project.