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 for innovation projects (administered by the MEI)
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.
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.
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.
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!
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:
Note that project financing must include a contribution from private sources equivalent to at least 20% of its total cost.
* Other conditions may apply.
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.
Contact an Investissement Québec expert
at 1 844 IQINFOS (1 844 474-6367).