Fondation Montréal Inc

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Two Deadlines: February and Sept every year

Refreshed on 2020/11/23

Type

Grant

What

Product or process innovation projects are eligible, from the planning stage to the pre-commercialization stage (technological showcase).

Innovation projects must meet all of the following criteria:

• the project must:
  • relate to the development of a new product or process or to the significant improvement of an existing product or process,
  • demonstrate the degree of innovation required, that is to say that the product or process must have a decisive advantage over existing solutions on the market and in the targeted sector of activity, at the national level or international,
  • involve a risk or technological or business uncertainty for the company,
  • have required (or will require) research and development efforts;
• when the product or process is intended for sale, the project must demonstrate commercial potential.

The product or process developed by the company may be intended for the company or for sale.

Eligible projects can be carried out by:

• a single company;

• a business combination;

• a company or a group of companies, in collaboration with one or more member organizations of QuébecInnove

  performing research and development. The project must then be in line with the mission of the organization or organizations that are members of QuébecInnove and in line with the business strategy of the applicant (s).

Value

Untitled

Eligibility

• For-profit only;
• collective enterprises defined within the meaning of the Social Economy Law.
• Be a Canadian citizen or a Permanent resident (non-residents must have their Quebec Selection Certificate to be able to submit an application);
• Reside on the Island of Montréal;
• Have started a business on the Island of Montréal within the last twelve months or plan to do so in the year following approval of the project;
• Hold at least half of the company's shares (50% or more) or hold them jointly with other entrepreneurs who are also eligible for the grant.
• Confirm that the project does not meet any of the exclusion criteria:
  • Non-profit projects
  • Projects rejected in the past
  • Sexual, religious or political projects
  • Projects related to illicit or recreational drugs (projects related to therapeutic drugs are considered)
  • Bar or club projects
  • Student projects: internships and university projects
  • Research and development projects
  • Self-employed workers
  • Projects whose main value-added activities are outside the territory covered by Montréal inc.

Eligible Expenses

• project planning, including

  • project set-up activities in Quebec and abroad, detailed market, technical and financial studies as well as analytical studies;

• product or process research and development activities

  , including:

  • the development or improvement of the product or process,
  • conception, design, engineering, prototyping,
  • testing and validation of the product or process:
    • prototype testing,
    • pilot production tests,
    • consumer test market,
    • quantification and verification steps with a view to obtaining certification or approval,
  • demonstration in a real operating situation consisting of scaling up or with a view to completing the development or improvement of the product or process;

• product or process qualification activities carried out by a specialist

  , including:

  • technological compliance with standards and regulations,
  • technological adaptations and validations in relation to the context of the target markets,
  • intellectual property protection activities,
  • international development support services,
  • developing a marketing plan for the product or process;

• the technological showcase

  , namely:

  • demonstration in a real operating situation to potential customers in order to facilitate the marketing of the product or process requiring development, adaptation and validation of quality, functionalities and behavior.

Application

• Sign : Formulaire de demande d'aide financière – Programme innovation – Volet 1 : Soutien aux projets d'innovation
• Complete a Letter that includes: The service offers of research organizations must include at least the following elements:

1. DEFINITION OF MANDATE Specify your service offer according to the problem to be corrected, the situation to be improved or the objectives pursued. Determine the expected results and describe the deliverables during and at the end of the project.
2. METHODOLOGY Specify the proposed methodology and the work techniques that will be used according to the stages and activities of the implementation plan. Depending on the nature of the project, specify: • the work to be carried out; • the uncertainties to be resolved and the risk mitigation plan; • the different deliverables.
3. IMPLEMENTATION PLAN Please present the implementation plan of the main steps and activities that will be carried out within the framework of this project according to the human resources assigned to the project. A graphical presentation, for example using a Gantt chart, is required.
4. COST BREAKDOWN Specify the costs associated with the various expense items.
5. DETAILS Specify, in your offer, the billing methods, the payment methods, the period of validity of the offer, confidentiality conditions and intellectual property management procedures. In addition, the agreement must detail, if applicable, the human, material and financial contributions to the project. Note that it is possible to add a clause to the service offer indicating that it will come into effect force conditional on the approval of financial support from Investissement Québec. It is also suggested to include a clause in order to obtain, at the end of the project, feedback from the applicants in terms of their level of satisfaction with the services provided.
6. SIGNATURES The service offer must be signed by the authorized representatives of the parties concerned by the deal.

You will be Evaluated on the Following:

Any request for financial assistance deemed eligible will be subject to a rigorous analysis including a assessment of the following criteria: • the innovative nature of the project, that is to say the presence of a decisive advantage of the product or of the process in relation to existing solutions on the market and in relation to the sector of activity at the national or international level; • the potential market for the product or process; • the soundness of the intellectual property rights (current or envisaged) as well as of the strategy deployed in intellectual property to maintain a competitive advantage; • the relevance of the project to the company's business model; • the company's ability to carry out the project successfully in terms of financial resources and human; • the quality of the partners involved in the project; • the quality and realism of the project implementation plan; • the level of risk and uncertainty associated with the project; • the financing structure and, more particularly, the support of partners; 15 • the benefits for the company or for its sector of activity; • the potential for socio-economic benefits; • the quality of the service offered by the private consultant or member of Québeclnnove, if applicable; • suitability with the expertise and mission of the member (s) of Québeclnnove, if applicable, as well as with the business strategy of the company and ministerial and sectoral priorities established by Investissement Québec; • the elements of sustainable development taken into account in the project plan.

For more info review the

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