DEVELOPMENT AND COMMERCIALIZATION · Capital croissance PME (CCPME) 🔎 CRCD and CDPQ The main...
Transcript of DEVELOPMENT AND COMMERCIALIZATION · Capital croissance PME (CCPME) 🔎 CRCD and CDPQ The main...
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 1
DEVELOPMENT AND COMMERCIALIZATION
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Capital croissance PME (CCPME) 🔎
CRCD
and
CDPQ
The main mission of this investment fund is to
provide Quebec SMEs with patient capital to
support them in their expansion, R&D, business
acquisition and productivity optimization projects.
This specific focus of this fund is the economic
development of companies located in all regions
of Quebec.
Supported projects must be growth-
oriented and profitable, including:
• expansion projects;
• R&D projects;
• business acquisition or
productivity optimization projects.
Quebec SME active in
a business sector with
strong growth
potential, excluding
natural resource
exploration, financial
services and real
estate sectors.
• Support;
• Loan; and/or
• Equity
participation.
Financial packages can range from $100,000 to
$5 million per project.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x x
Growth & Transition Capital 🔎
BDC This program offers different financing solutions to
companies that require working capital for growth
initiatives, but that have insufficient tangible assets
to guarantee conventional financing and that prefer
not to dilute their stake.
• Investment project in tangible
assets;
• R&D project;
• Project to develop new products
and markets.
Established or high-
growth Canadian
business.
Interest-bearing
loan;
Loan guarantee.
Financing can range from $250,000 to $35
million
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x x
Congé d'impôt sur le revenu pour une nouvelle société dédiée à la commercialisation d'une propriété intellectuelle (French only)🔎
Revenu Québec The purpose of this tax holiday is to increase the
number of spin-off companies from the research
conducted in the Quebec public. These companies
may benefit from a tax holiday that applies to the
income generated by the marketing of the product
of the research.
Creation of a business to market a
piece of intellectual property. Quebec business
having obtained
accreditation by the
MESI.
Tax holiday. Quebec tax holiday for a period up to 10 years
following the date of the business’s creation.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 2
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Congé fiscal pour chercheurs étrangers (French only)🔎
MESI The purpose of this tax measure is to facilitate
foreign recruiting of recognized experts, to work in
the implementation of innovation projects in private
companies in Quebec through the granting of tax
benefits to foreign experts.
Hiring of a foreign expert who holds
an undergraduate degree and who
can fulfil one of the following duties
in the business:
• R&D marketing;
• R&D financing;
• R&D management;
• Technology transfer.
Business active in
R&D. Tax holiday of
which the foreign
expert is the
direct
beneficiary.
The tax holiday applies to the salary received by
the foreign expert on 100% of his taxable
income in the first two years; 75% in the third
year; 50% in the fouth year; and 25% in the fifth
year.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Congé fiscal pour experts étrangers 🔎(French only)
MESI The purpose of this tax measure is to facilitate
foreign recruiting of recognized experts, to work in
the implementation of innovation projects in private
companies in Quebec through the granting of tax
benefits to foreign experts.
Hiring of a foreign expert who holds
an undergraduate degree and who
can fulfil one of the following duties
in the business:
• R&D marketing;
• R&D financing;
• R&D management;
• Technology transfer.
Business active in
R&D. Tax holiday of
which the foreign
expert is the
direct
beneficiary.
The tax holiday applies to the salary received by
the foreign expert on 100% of his taxable
income in the first two years; 75% in the third
year; 50% in the fouth year; and 25% in the fifth
year.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Créativité Québec 🔎(French only)
MESI This program supports companies in completing
the necessary steps in the development or
improvement of products or processes. Companies
may receive financial support for the
implementation of projects that provide them with a
competitive advantage or allow them to increase
their productivity and of whose eligible expenses
must be $100,000 or more.
• Development or demonstration of
a product or process;
• Project instrumental in maintaining
the growth of market share or in
reducing the environmental
footprint.
Lucrative business or social economy enterprise active in the manufacturing and tertiary sectors and in the primary sector presenting secondary and third processing projects.
Repayable
contribution;
Loan guarantee;
Equity
participation;
Grant.
The amount of the financial investment ranges
from a $50,000 to $5 million.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 3
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Tax Credit for Technological Adaptation Services 🔎
Revenu Québec The objective of this tax credit is to assist
companies in improving the competitiveness of
their prodcuts industrially manufactured products
and applies to salary expenses incurred internally
or from professional fees paid to an external
consultant.
Hiring of an industrial designer
employed by a business or of an
external designer.
Business having an
establishment in
Quebec and with a
minimum of $150,00 in
gross revenues.
Refundable tax
credit. The tax credit rate is: *24% of eligible expenses
for companies holding assets under $50 million;
*between 12% and 24% of eligible expenses for
companies holding assets between $50 million
and $75 million; and *12% of eligible expenses
for companies holding assets over $75 million.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x
Crédit d’impôt pour le design de produits fabriqués industriellement (volet design industriel) 🔎(French only)
Revenu Québec The objective of this tax credit is to assist
companies in improving the competitiveness of
their prodcuts industrially manufactured products
and applies to salary expenses incurred internally
or from professional fees paid to an external
consultant.
Hiring of an industrial designer
employed by a business or of an
external designer.
Business having an
establishment in
Quebec and with a
minimum of $150,00 in
gross revenues.
Refundable tax
credit. The tax credit rate is: *24% of eligible expenses
for companies holding assets under $50 million;
*between 12% and 24% of eligible expenses for
companies holding assets between $50 million
and $75 million; and *12% of eligible expenses
for companies holding assets over $75 million.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x
Tax Credit for Salaries and Wages R&D 🔎 (French only)🔎
Revenu
Québec The purpose of this tax credit is to encourage the
carrying out of R&D projects in Quebec. It is
calculated as a percentage of eligible R&D salaries
and with certain consideration paid to third parties
for the performance of R&D work.
R&D project carried out in Quebec. Canadian business
that carried out or has
carried out on its
behalf R&D work in
Quebec.
Refundable tax
credit. For research contracts entered into after June 3,
2014:
• The tax credit base rate is 14% of the eligible
R&D salaries;
• The rate of 30% is applicable to Canadian-
controlled corporations whose total assets for
the previous taxation year is $50 million or
less.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Creation of a Deduction for Innovative Manufacturing Corporations 🔎
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 4
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Revenu
Québec The purpose of this tax measure is to encourage
an innovative manufacturing corporation that is
eligible to enhance the value, in Quebec, of the
results of R&D work that it carried out therein and
that led to the achievement of a patent.
The corporation may reduce its taxable income by
an amount equivalent to a portion of the value of
an eligible patented feature that is integrated within
an eligible product that it sells or that it leases for
this year.
Marketing of a patented product. Corporation of which
50% of more of its
activities consist of
activities in the
manufacturing and
processing sectors
carried out in Quebec
and that does not
benefit from a small
business reduction.
Taxable income
reduction. The corporation may deduct in the calculation of
its taxable income an amount corresponding to
the determined annual percentage of the lesser
of the following amounts:
• the total amount of the value of all the eligible
patented elemented incorporated in an
eligible product that the corporation has sold
or leased; or
• the ceiling of the innovative manufacturing
corporation.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x
Project Financing🔎
IQ IQ helps companies bring their projects to fruition
by providing them with customized financial
support.
• Machinery purchase;
• Refinancing;
• Tax credit financing;
• Working capital;
• Implementation in a new market;
• Succession or business transfer
through share acquisition;
• Marketing;
• Exports;
• Innovation.
Quebec business. • Interest-
bearing loan;
• Loan
guarantee;
• Quasi-equity
financing.
The minimum financing offered is $50,000 and
can cover up to 100% of the project costs.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x
Financing of Refundable Tax Credits
IQ This solution allows companies eligible for
refundable tax credits to obtain liquidity
immediately to finance their project. IQ finances up
to 100% of the amount of expected credits during a
fiscal year.
All types of projects. Business that is
eligible for one of the
tax credits accepted by
IQ.
Interest-bearing
loan; or
Loan guarantee.
The minimum financing is $50,000 for R&D tax
credits and $20,000 for other tax credits.
The loan guarantee can reach 80% of the net
loss.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 5
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Innovative Manufacturer Financing 🔎
IQ This loan is granted to businesses to finance their
project aimed at enhancing their level of innovation
or to support the commercialization of their
innovation.
• Hiring of and innovation expert;
• Development and
commercialization of new
products;
• Modernization of production
processes.
Quebec manufacturing
business in operation
for at least three years
with:
• at least $2 million in
sales; and
• 15 or more full-time
employees.
Term loan. The loan granted is of a minimum amount of
$50,000 and a maximum of $250,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x
Fonds d’accélération des collaborations en santé 🔎(French only)
MESI The purpose of this fund is to improve and
enhance collaborations in the entire life sciences
innovation chain. It encourages research
collaborations between one or more private
businesses and at least one eligible public
research institution. The project is co-financed by
public and private funds. The contributions of the
private partnere(s) may be in the form of money or
in kind. Private partners can participate in projects,
but cannot prepare an application, which must be
submitted by research institutions or NPOs.
Project, of at least $3 million,
affecting all disciplines relating to the
area of health. Priority is given to the
projects that: *address issues of
health targeted by the Ministry of
Health and Social Services; and
*concerning precision medicine and
the use of health mega data.
• Quebec NPO;
• Quebec-based or foreign public research institute or business that carries on its activities in the sectors of the biopharmaceutical industry, medical technologies or information. technologies applied to health.
Co-financing. The government grant is at least $1.5 million
and can reach a maximum of $10 million, and
covers up to a maximum of 50% of the cost of
the project.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 6
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Fonds d’aide à l’économie de Lac-Mégantic 🔎(French only)
MESI This fund is intended to support the economic and
tourism-related development of the city of Lac-
Mégantic and is reserved for projects carried out in
this region.
• Studies and activities related to
the planning and development of
projects;
• Development projects (innovation,
development of markets and
commercialization);
• Investment projects related to the
creation and development of
businesses;
• Hiring of strategic staff needed in
the development of a business
project or in strengthening a
strategic function of the business.
NPO, business,
cooperative and
Quebec social
economy enterprise
and business outside
Québec that is carrying
out an investment
project on the land of
the city of Lac-
Mégantic.
• Interest-
bearing loan;
• Interest-free
loan;
• Convertible
debentures;
• Stake held;
• Loan
guarantee;
• Grant.
The fund finances up to 90% of the total costs
of the studies and 80% of the costs of other
activities and projects.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x x x
Fonds d'aide aux initiatives régionales (FAIR) - volet 2 : le soutien au financement de salaires de professionnels 🔎(French only)
MESI The FAIR focuses on the economic and tourism-
related development of the Gaspésie–Îles-de-la-
Madeleine region.
Through this component of the FAIR, financial
support is granted for R&D activities to be carried
out, investment projects and for new businesses to
be established.
Commercial projects in the health sector,
education, labour-training, municipal infrastructure
and utilities are not eligible.
• Improvement of the organization’s
productivity;
• Study of a project’s technical and
financial feasibility;
• Projects concerning the second
and third processing of products;
• Start-up, succession and business
expansion project.
NPO, cooperative or a
Quebec for-profit and
incorporated
organization.
Grant. The rate of assistance of the fund is 20% for
projects and 50% of studies and activities.
The maximum assistance granted is $150,000
per project.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 7
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Fonds de développement de l'économie sociale (FDÉS) 🔎(French only)
PME MTL
Network The FDÉS supports the development of social
economy businesses and projects, from pre-start-
up to growth stages. It also aims to support the
emergence of innovative projects that explore new
sectors, new approaches or that develop new
areas of expertise.
Social economy project. Social economy
enterprise or
cooperative having its
head office in Montreal
and having a social
economy project.
Grant. The grant varies between $5,000 and $50,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Fonds de développement économique de la région de la Capitale-Nationale (FDERCN) 🔎(French only)
Secrétariat à
la Capitale-
Nationale
The FDERCN supports the execution of projects
and studies having an impact on the economic
development of the Capitale-Nationale (C-N)
region.
• Start-up projects contributing to
the production and marketing of a
product (e.g.: opportunity, fasibility
studies, etc.);
• Projects instrumental in
strengthening the role and national
and international visibility of the
region or of a part of the region
(e.g.: economic impact studies).
For the start-up
projects:
business having been
created three years
ago or less
For all typse of
projects: NPO
The project promoter
must be established in
the C-N region; or
carry out the project in
the C-N region; or
carry out a project
having impacts mainly
in this region.
Grant. The fund finances up to 20% of the total eligible
expenses of the start-up projects of a private
business or cooperative (with a maximum of
$100,000 per project) and 75% of the costs of
studies and 30% of the other types of projects.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x
Fonds de diversification économique — MRC des Sources 🔎(French only)
MESI The main purpose of this program is to contribute
to the economic diversification of the Les Sources
regional county municipality.
• Completion of feasibility studies;
• Investment projects (for the
creation of new businesses or
expansion of existing businesses);
• Development of new products and
procedures; and
• Completion of studies and
business development projects.
Business or NPO in the
manufacturing, tertiary
or tourism sectors that
carries out a project on
the territory of the Les
Sources regional
county municipality.
Interest-bearing
loan;
Interest-free
loan;
Loan guarantee;
Stake held;
Grant.
Financial assistance can reach up to 25% of the
total cost for investment and 50% for studies
and other types of projects.
Grants will be limited to an amount of $7.5
million.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 8
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
x x x x
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Fonds de diversification économique du Centre-du-Québec et de la Mauricie 🔎(French only)
MESI The purpose of this program is to diversify the
economy of the regions of Centre-du-Québec and
the Mauricie.
• Completion of feasibility studies;
• Investment projects (for the
creation of new businesses or
expansion of existing businesses);
• Development of new products and
procedures; and
• Completion of studies and
business development projects.
Business or NPO in
the manufacturing,
tertiary or tourism
sectors that carried out
a project of the territory
of the Centre-du-
Québec and Mauricie
regions
Interest-bearing
loan;
Interest-free
loan;
Loan guarantee;
Stake held;
Grant.
Financial assistance can reach up to 25% of the
total cost for investment and 50% for studies
and other types of projects.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x
Fonds de soutien à l’innovation en santé et en services sociaux – Appui aux petites et moyennes entreprises (PME) québécoises innovantes en santé humaine au Québec (Volet 1) 🔎(French only)
MESI Component 1 focuses on Quebec SMEs intent on
testing the validity and utility of their technological
innovations in a real care environment. It
financially supports projects of a technology
maturity level from 7 to 9 aiming to generate
convincing data required to demonstrate the
promise of value of technolocal innovations, data
that will be necessary to evaluate them by the
main regulatory bodies.
Development and commercialization of innovation products
Business with fewer
than 250 employees
conducting R&D or
production activities in
Quebec.
Grant. The maximum assistance amount is $250,000
per project and cannot exceed 50% of the
eligible expenses.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x
Fonds Jeunes entreprises (JE) 🔎(French only)
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 9
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
PME MTL
Network The purpose of JE is to support viable businesses
by offering them financial assistance for a start-up
or expansion. This grant must be paired with a
loan offered by the Fonds PME MTL.
Business start-up project on the
island of Montreal. Entrepreneur running a
business that has been
in existence for under
five years.
Grant. The amount of financial assistance can go up to
$15,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 10
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Fonds local d'investissement (FLI) 🔎(French only)
MESI The FLI represents the main financial tool of
regional county municipalities implemented to
support businesses on their territory.
It aims to stimulate local entrepreneurship by
promoting access to capital for the start-up or
expansion of traditional or social economy
businesses and to support the next generation of
entrepreneurs.
• Business start-up or expansion
support project;
• Business succession support
project.
Lucrative business and
social economy
business based in
Quebec.
• Loan;
• Equity loan;
• Loan
guarantee;
• Other types of
financing
(other than
grants).
Assistance amounts are variable according to
the regional county municipalities.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x
Fonds PME MTL 🔎(French only)
PME MTL
Network The Fonds PME MTL supports businesses in the
start-up or development phases and ensures the
maintenance of jobs in Montreal.
• Purchase or renewal of
equipment;
• Business acquisition (succession
and transfer);
• Patent fees;
• Prototyping and
commercialization.
Lucrative business,
social economy
business or
cooperative having its
head office in Quebec
and an establishment
in Montréal.
Interest-bearing
loan. The maximum amount of the loan is $300,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x
Strategic Innovation Fund 🔎
ISED This fund provides a financial contribution to
improve the productivity and support the R&D,
investments and the growth of all sizes of
businesses.
• R&D and commercialization;
• Expansion and growth of
businesses;
• Attraction of investments and
reinvestment;
• Development and demonstration
of collaborative technology.
Canadian business in
the industrial and
technology sectors.
Grant.
Interest-bearing
loan;
Interest-free
loan.
Contributions will not exceed 50% of the costs
for eligible activities.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 11
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Prêt à entreprendre 🔎(French only)
6 partners,
including
MESI,
CDPQ,
CRCD
Prêt à Entreprendre offers financial support and
support to entrepreneurs to help them to achieve a
higher rate of growth in their projects.
• Acquisition of fixed assets;
• Development of products or
markets;
• Development and
commercialization of products or
services.
• Start-up business
(maximum of five
years of existence);
• Business having a
business plan (of
three to five years);
• Business having its
head office in
Quebec.
• Support; and
• Interest-
bearing loan.
The loan is a maximum of $30,000 per
entrepreneur and $90,000 per project involving
several entrepreneurs.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x x
Small Business Loan 🔎
BDC Financing in the form of a loan to small businesses
for their day-to-day activities. • Purchase equipment and
software;
• Attend a tradeshow;
• Protecti intellectual property.
Canadian business
that has been
generating revenues
for 24 months.
Interest-bearing
loan. The maximum amount of the loan is $100,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Xpansion Loan 🔎
BDC BDC’s Xpansion Loan is designed to help
businesses realize projects key to their growth and
success, without putting their cash flow at risk.
• Expansion of its market (in
Canada or internationally);
• Development of new products;
• Hiring and training of new
employees;
• Investment in technology.
Canadian business. Interest-bearing
loan. The maximum amount of the loan is $100,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 12
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Programme BioMed Propulsion 🔎(French only)
MESI This program is under the responsibility of MESI
and administered by IQ.
The goal of this program is to financially support
strong-growth-potential Quebec businesses active
in the life sciences in order to lead them to
commercialize the reults of their research.
R&D project in the biotechnology
fields in human or animal health or
medical technologies.
Business whose head
office is in Quebec and
that operates in the
following sectors:
• human or animal
health
biotechnologiy; or
• medical
technologies.
Equity loan. The amount of financial assistance includes a
minimum and maximum limit of:
• $2.5 million and $10 million for biotechnology
companies; and
• $500,000 and $10 million for medical
technology companies.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Canadian International Innovation Program (CIIP) 🔎
Canadian Trade
Commissioner
Service
The purpose of this program is to help Canadian
businesses to commercialize technologies in
collaboration with international partners in
countries with which Canada entered into an
agreement in the area of science, technology and
innovation. These countries are the following:
Brazil, China, India, Israel and South Korea.
• Projects in collaboration with a
partner from one of the countries
covered to adapt a product, a
process or service in order to take
into account the characteristics of
the global market;
• Projects to go out and seek
knowledge internationally and
make use of talents globally to fill
technical gaps.
Canadian SME. Grant. Assistance valies based on agreements.
Generally the program covers up to 50% of the
eligible costs.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Industrial Research Assistance Program 🔎
NRC IRAP The NRC IRAP provides financial assistance to
small and medium-size businesses eligible in
Canada that wish to develop technologies.
• R&D projects or commercialization
of new technologies;
• Projects to accelerate the
adoption and adaptation of
technologies.
Canadian business
with 500 employees or
less.
Support and
grant.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 13
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Technology Demonstration Program (TDP) 🔎
CIHR The TDP offers financial assistane in support of
projects involving demonstration of a model or
prototype having reached level 6 on the
Technological Maturity Scale. A TDP application
must be presented by a roup of applicants made of
of a senior application and the partner applicants.
Demonstration of a prototype. Canadian business. Grant. The TDP contribution shall not exceed 50% of
the eligible costs of each partner.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x
Quebec Economic Development Program (QEDP) 🔎
DEC – for the
various areas
of Quebec
The QEDP supports the economic development of
businesses and regions. It provides financial
support to businesses aligned with the priorities of
the business office of each region.
• Creation and start-up of a
business.
• Succession planning;
• Enhancement of productivity;
• Innovation, adoption of a
technology or management of a
technological transfer;
• Commercialization or exports.
SME, NPO or other
Quebec body. Grant.
Refundable
contribution.
Generally, up to 50% and 90% of authorized
costs for an SME and for an NPO, respectively.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x x
Programme de soutien à la valorisation et au transfert (PSVT) Soutien aux entreprises technologiques innovantes – PSVT (volet 3) 🔎(French only)
MESI The purpose of this component is to facilitate
access to support services and to support start-up
businesses. It includes two measures:
• incubation vouchers, which aim to facilitate
access to specialized support services offered
by technology business incubators or other
bodies recognized by the Ministère; and
• seed projects whose objective is to support
technology businesses during the seed phase
with respect to the implementation of their
operational, financial and commercial structure.
Technology company start-up
projects. Quebec technology
business in the start-up
phase.
Grant. Maximum assistance granted is
• $40,000 for incubation vouchers; and
• $250,000 for seed projects.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 14
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Programme de soutien à la valorisation et au transfert (PSVT) Soutien aux projets structurants – Projets de recherche-innovation - PSVT (volet 2a) Initiative Passeport Innovation 🔎(French only)
MESI Innovation passport offers financial support in
order to facilitate the start-up of innovative
technology companies and help existing
businesses strengthen their innovation capacities.
This initiative aims, among other things, to:
• Improve competitiveness and the competitive
positioning of SMEs through the adoption of
innovative practices and technologies; and
• Promote the use of member organizations of
QuébecInnove in innovation projects.
Fundamental, applied and
experiemental development
research projects that involve one or
more members of QuébecInnove.
Quebec SME,
cooperative or NPO. Grant. The maximum assistance granted can reach
$150,000 based on the number of comitted
stakeholders in the project.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x
Youth Employment Programs 🔎
NRC IRAP As part of this program, the SMEs receive financial
assistance to pay for a portion of the salary of
Canadian employees, between the age of 15 and
30 years old, holding a postsecondary diploma.
The employee hired must be
sollicited to work on non-technical
projects affecting technology and
covering, for example:
• R&D, engineering and multimedia;
• development of new products and
processes;
• analysis of the market from the
point of view of a new technology
product, etc.
Canadian SME with
500 employees or less. Grant.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x
Programme Premier brevet 🔎(French only)
MESI The purpose of this program is to support
innovative Quebec businesses in their initial steps
taken to protect their intellectual property (IP)
assets.
The types of IP covered are:
• Patents;
• Industrial drawings;
• Integrated circuit topography.
Quebec business with
250 employees and
less.
Grant. Financial assistance can reach up to 50% of the
eligible expenses of the project, up to a
maximum of $25,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 15
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Quantum Leap program🔎
CQDM Quantum Leap supports precompetitive research
whose technological breakthroughs will boost the
productivity of biopharmaceutical R&D and provide
solutions to the unmet critical needs of the
industry. This program enables SMEs and
university researchers to develop platforms that
will have an impact on the biopharmaceutical
research while positioning them advantageously
for commercialization.
Development of technologies,
platforms or innovative tools that
improve theR&D process for drugs.
Canadian SME in the
biopharmaceutical
sector.
Grant. Financing varies between $500,000 and $2.5
million.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Programmes d'accords industriels (PAI) 🔎(French only)
MESI The purpose of the industrial agreement programs
is to foster the negotiation and signing of
partnership agreements between Quebec and the
following regions: France, Bavaria, Brussels-
Capital, Catalonia, Flanders, Lombardy and
Wallonia. Eligible businesses may receive an
indemnity for travel and accommodation costs of
officers or technical executives who are on a
mission abroad.
Negotiation or industrial agreement
projects between a Quebec SME
and a partner with the objective of:
• acquiring or ceasing the expertise
or patents;
• jointly developing a product or
process; or
• creating a hybrid business.
Quebec SME that has
been in existence for at
least one year.
Grant. A lump-sum amount of $1,200 per person is
granted as a logistical support to carrying our
the mission. The amount goes up to $1,500 in
the case of the France-Québec Industrial
Program.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Scientific Research and Experimental Development Tax Incentive Program 🔎
Canada
Revenue
Agency
This federal program aims to encourage Canadian
businesses of all sizes and sectors in carrying out
R&D activities in Canada. There are two levels of
earnings generated:
• first, they may deduct R&D expenses from their
revenur for tax purposes.
• second, they earn an investment tax credit (ITC)
for R&D that they can use to reduce the tax on
its revenue. In certain cases, the ITC balance
may be reimbursed.
R&D projects. Canadian business. Deduction of
taxable revenues
and tax credit.
The base refundable ITC rate is:
• 15% for all businesses; and
• may go up to 35% of eligible R&D expenses
in the case in which they are generated by a
Canadian-controlled business and are below
$3 million.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 16
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Idea to Innovation Grants 🔎(INNOV)
NSERC The objective of INNOV grants is to accelerate the
pre-competition development of promising
technologies coming from the university and
college environments and promoting their transfer
to an established or new Canadian business.
They offer funds to members of the teaching
faculty of the college or university in support of
R&D projects whose technology transfer plan is
recognized.
R&D activities including:
• Refining and implementing of
models;
• Verification of the application;
• Realization of studies on the
ground and market study;
• Preparation of demonstrations;
• Manufacturing of prototypes;
• Completion of bêta trial.
Canadian business or
foreign business that
can demonstrate the
benefits over the
Canadian economy
that stem from their
participation in the
projects.
Grants paid to
partner
researchers.
The maximum amount applied for from NSERC
varies based on the project phase, between
$15,000$ and $350,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Applied Research and Development Grants (ARD) 🔎
NSERC ARDs support applied R&D projects in the natural
sciences, engineering, humanities or health
sciences fields and led jointly by researchers from
the colleges and their partners from the private
sector.
Partner businesses and NSERC share the direct
costs of the projects.
R&D projects in partnership with a
Canadian college in the field of
natural sciences, enginnering,
humanities or health sciences
Canadian business Co-financing. Grants paid by NSERC can reach $150,000 on
the condition that the partner business pays at
least an equivalent, that is $150,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Engage Grants 🔎
NSERC Engage Grants allow established businesses in
Canada to benefit from the expertise of qualified
researchers by assigning a grant to university and
college researchers who apply their knowledge to
the resolution of issues specific to these
businesses.
Research projects involving a
university or college level
researcher.
Business with an
operational base in
Canada with at least
two full-time
employees and having
been in operation for at
least two years.
Grant paid to
partner
researchers.
The maximum grant is $25,000.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x x
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 17
Management
body
Program description Eligible projects
(non-exhaustive)
Eligibility criteria Assistance features
Type Maximum amount
Going Global Innovation 🔎
Canadian
Trade
Commissioner
Service
This program financially supports researchers
intent on commercializing technology by benefiting
from the possibilities of global collaboration in R&D
with key stakeholders in international markets. As
part of this program, researchers can receive an
indemnity for legal fees required to strengthen
partnerships and other costs related to
international collaborations such as international
and local travel and accommodation costs, meals,
meeting costs, etc.
Projects to commercialize a
technology in collaboration with
international partners.
Researcher affiliated
with an SME,
university and
Canadian non-
governmental research
centre.
Grant paid to
partner
researchers.
The assistance is a maximum amount of
$75,000 and covers up to 75% of eligible
expenses.
SU BM RES DEV and COM
INV and PROD EXP HR PART FIN and
CAP
x x x
Last updated in December 2017
Financial Assistance Programs for Companies
Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization
MONTRÉAL INVIVO | 18
LIST OF ABBREVIATIONS
CRA Canada Revenue Agency
BDC Business Development Bank of Canada
CDPQ Caisse de dépôt et placement du Québec
NRC National Research Council
CQDM Consortium québécois sur la découverte du médicament
CRCD Capital régional et coopératif Desjardins
NSERC Natural Sciences and Engineering Research Council
CED Canada Economic Development
EDC Export Development Canada
ESDC Employment and Social Development Canada
IQ Investissement Québec
CIHR Canadian Institute of Health Research
ISED Innovation, Science and Economic Development Canada
MESI Ministère de l'Économie, de la Science et de l'Innovation
MSSS Ministère de la Santé et des Services sociaux
MAMOT Ministère des Affaires municipales et Occupation du territoire
IRAP Industrial Research Assistance Program
R&D Research & Development
R&D Scientific Research and Experimental Development