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Innovation Program

The Innovation Program was created to assist companies—especially SMBs—in carrying out their innovation projects and commercializing their innovations, no matter whether those activities are carried out in Québec or with partners in other countries.

 

More specifically, it aims to:

 

  • support companies at every phase of their product or process innovation, specifically:

       planning;

       development;

       demonstration;

       commercialization;
  • accelerate product and process innovations;
  • help improve business productivity and competitiveness, particularly for SMBs.

Program components

 

Support for innovation projects Open a new window(administered by the MEI)

 

Support for the commercialization of innovations

Component 2 — Support for the commercialization of innovations

Are you ready to commercialize an innovation? We have financial solutions that can help you get a head start on your competitors!

This component of the program is jointly administered by Investissement Québec and the Ministère de l’Économie et de l’Innovation.

Have you come up with a one-of-a-kind innovation?

This component of the program was designed to assist companies’ efforts to market an innovation that involves the development of a new product or process or a significant improvement to an existing product or process.

Our goals

  • Support businesses with the commercialization of an innovative product or process
  • Strengthen businesses’ ability to commercialize their innovations
  • Assist with securing new sales

Did you know?

 

This component of the program can cover up to 50% of eligible commercialization costs, ensuring you have the cash to carry out your innovation projects while continuing to pursue your current operations.

 

Commercialization: A crucial step in growing your business

Have you developed an innovation that could break new ground in your industry? We can give you a helping hand with bringing it to market!

 

WE OFFER

YOU GET

A refundable financial contribution or loan guarantee

Financial products geared to your needs

Financial assistance covering up to 50% of eligible commercialization costs

A chance to carry out your innovation projects while preserving your liquid assets for ongoing operations

A maximum amount of $2 million

The financial support you need to promote your innovations

A financing term of up to 10 years

A flexible term that suits your needs

Possible deferral of principal repayment

The benefit of having cash available while awaiting project completion

This component of the program was created for all for-profit businesses or social enterprises engaged in commercial activities, whatever their industry.

 

Eligible commercialization projects must involve the development of a new product or process or a significant improvement to an existing product or process.

 

In addition, the project must:

 

  • Offer a decisive advantage over national and international competitors
  • Have required research and development work to be undertaken
  • Have demonstrated commercial potential

Note that project financing must include a contribution from private sources equivalent to at least 20% of its total cost.

 

* Other conditions may apply.

 

Project submission guide

 

In addition to the information normally found in a business plan, you must submit certain other information to identify as clearly as possible what makes your project innovative.

 

Consult the guide 

Learn more

Contact an Investissement Québec expert
at 1 844 IQINFOS (1 844 474-6367).

 

January 2019

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Contact your expert

André Williot

Client Service Officer

1 844 474-6367