Ministère de l'Économie, de la Science et de l’Innovation

Next Deadline: Monday March 1st, 2021 ****

Type

Subsidy

What

The main objective of the incubation voucher measure is to support the projects of innovative Québec start-up companies that have business or marketing needs.

Value

• COVID 19 or Life Sciences project Max 60,00
• Max $ 40,000
• Max 75% of eligible expenses for 12 months

Eligibility

• Fewer than 250 employees
• Incorporated in the last three years
• Pre-financing phase
• Must have the right to use the IP related to the product or process developped
• Cannot have sales, except for pilot programs
• Must be affiliated with one of the following:
  • SVU
  • Incubators or accelerators supported by the Ministry

Eligible Expenses

• Professional services
  • Conceiving a technology development roadmap (NOT R&D)
  • Council regarding the regulatory landscape (In a Consultancy not Execution role)
  • Developing a sales strategy or marketing plan (In a Consultancy not Execution role)
  • to optimize the internal activities of the company (ex .: financial management, production, sales). (In a Consultancy not Execution role)

Application

• Fill application form (PDF)
• Letter from D3 and template
• Financial statements (if applicable)
• If accepted, 70% up front and 30% at the end of the project, upon submission of the required documentation.

What they're looking for

• a clear description of the incubation needs of the company;
• the relevance of the service offer for the development of the company;
• the clear description of the service offer;
• the presence of research and development in the development of the product or process;
• the adequacy of the service offer project to the development needs of the start-up company.
• A clear description on the market size (TAM, SAM, SOM) and competition
• Template adequately deeply describes the innovation behind the technology being used, include 8 - 10 pages of information to ease the review for Application Committee

Link

Website

Deadlines

For the 2020-2021 period, the deadlines for submitting funding requests are as follows:

• Monday, November 2, 2020;
• Monday January 4, 2021;
• Monday 1st March 2021;
• Monday May 3, 2021;
• Friday July 2, 2021;
• Wednesday 1st September 2021;
• Monday 1st November 2021.

D3 Can Assist you

D3 can sign a letter to attest to the application requirements:

a) the description of the technology; b) the diagnosis concerning the current situation of the company (technical feasibility and potential commercial technology, stage of technology development, management team, stage of business development, financing, intellectual property rights, etc.); c) the needs of the enterprise, the objectives and the results pursued with regard to incubation for the project period; d) a detailed description of the specialized support services, activities and resources internal and external; e) the detailed budget of the incubation project according to the section "Costs and Financing of the Incubation Project" the application form. The number of hours and the hourly rate must be specified for each service. The maximum rates for calculating the grant are $ 150 / h for consultants and $ 250 / hr for lawyers; f) the expected incubation period (start and end dates).

Please fill up this template and send to Moe