Financing
Give yourself the means to achieve your ambitions!
Did you know that there are several programs in Quebec and Canada that can help you finance part of your investment in artificial intelligence? We have in-house experts in the search for funding who can guide you in your approach to financial backers.
Main financing programs
Investissement Québec
ESSOR - Part 1: Support for investment projects (feasibility studies and digital diagnostics)
Target audience
When to deposit
Financial assistance
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Quebec companies looking to increase their productivity through technological transition or the acquisition of new technologies.
Ongoing. The program ends on March 31, 2024.
Maximum duration: 2 years
Maximum rate of assistance: up to 50% of eligible expenses
Maximum assistance: up to $100,000 per project
Collaborative projects: maximum rate of 50% and maximum amount of $1.5M
Ministry of the Economy, Innovation and Energy (MEIE)
MEIE
Call for innovation projects in artificial intelligence: collaborative industrial research and support for innovative entrepreneurship
Target audience
When to deposit
Financial assistance
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Primarily Quebec SMEs and startups looking to carry out an innovation project for the development, commercialization or adoption of artificial intelligence (AI) technologies.
October 15 and April 15 of each year.
Maximum duration: 2 years
Maximum rate of assistance: 30% of eligible expenses
Maximum assistance: $350,000 per project
Collaborative projects: maximum rate of 50% and maximum amount of $1.5M
PromptInnov
Innovation support program for the productivity of manufacturing companies in Quebec (SIPEM)
Target audience
When to deposit
Financial assistance
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Quebec manufacturing companies looking to increase their productivity through the development of innovative software and/or hardware solutions.
March 31, 2025, or until available funds are exhausted.
For SMEs with fewer than 250 employees
Maximum rate of assistance: 30% of eligible expenses
Maximum assistance: $100,000 per project
For SMEs with more than 250 employees
Maximum rate of assistance: 50% of eligible expenses
Maximum assistance: $500,000 per project
Ivaldo
InvestAI
Target audience
When to deposit
Financial assistance
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Quebec SMEs looking to boost their performance by applying AI techniques to their processes.
Continuous, until the envelope is exhausted. Program pending renewal.
Maximum duration: 2 years
Maximum rate of assistance: up to 50% of eligible expenses (average 35%)
Maximum assistance: up to $1,000,000 per project