Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 1

DEVELOPMENT AND COMMERCIALIZATION

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Capital croissance PME (CCPME) 🔎

CRCD

and

CDPQ

The main mission of this investment fund is to

provide Quebec SMEs with patient capital to

support them in their expansion, R&D, business

acquisition and productivity optimization projects.

This specific focus of this fund is the economic

development of companies located in all regions

of Quebec.

Supported projects must be growth-

oriented and profitable, including:

• expansion projects;

• R&D projects;

• business acquisition or

productivity optimization projects.

Quebec SME active in

a business sector with

strong growth

potential, excluding

natural resource

exploration, financial

services and real

estate sectors.

• Support;

• Loan; and/or

• Equity

participation.

Financial packages can range from $100,000 to

$5 million per project.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x x

Growth & Transition Capital 🔎

BDC This program offers different financing solutions to

companies that require working capital for growth

initiatives, but that have insufficient tangible assets

to guarantee conventional financing and that prefer

not to dilute their stake.

• Investment project in tangible

assets;

• R&D project;

• Project to develop new products

and markets.

Established or high-

growth Canadian

business.

Interest-bearing

loan;

Loan guarantee.

Financing can range from $250,000 to $35

million

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x x

Congé d'impôt sur le revenu pour une nouvelle société dédiée à la commercialisation d'une propriété intellectuelle (French only)🔎

Revenu Québec The purpose of this tax holiday is to increase the

number of spin-off companies from the research

conducted in the Quebec public. These companies

may benefit from a tax holiday that applies to the

income generated by the marketing of the product

of the research.

Creation of a business to market a

piece of intellectual property. Quebec business

having obtained

accreditation by the

MESI.

Tax holiday. Quebec tax holiday for a period up to 10 years

following the date of the business’s creation.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 2

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Congé fiscal pour chercheurs étrangers (French only)🔎

MESI The purpose of this tax measure is to facilitate

foreign recruiting of recognized experts, to work in

the implementation of innovation projects in private

companies in Quebec through the granting of tax

benefits to foreign experts.

Hiring of a foreign expert who holds

an undergraduate degree and who

can fulfil one of the following duties

in the business:

• R&D marketing;

• R&D financing;

• R&D management;

• Technology transfer.

Business active in

R&D. Tax holiday of

which the foreign

expert is the

direct

beneficiary.

The tax holiday applies to the salary received by

the foreign expert on 100% of his taxable

income in the first two years; 75% in the third

year; 50% in the fouth year; and 25% in the fifth

year.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Congé fiscal pour experts étrangers 🔎(French only)

MESI The purpose of this tax measure is to facilitate

foreign recruiting of recognized experts, to work in

the implementation of innovation projects in private

companies in Quebec through the granting of tax

benefits to foreign experts.

Hiring of a foreign expert who holds

an undergraduate degree and who

can fulfil one of the following duties

in the business:

• R&D marketing;

• R&D financing;

• R&D management;

• Technology transfer.

Business active in

R&D. Tax holiday of

which the foreign

expert is the

direct

beneficiary.

The tax holiday applies to the salary received by

the foreign expert on 100% of his taxable

income in the first two years; 75% in the third

year; 50% in the fouth year; and 25% in the fifth

year.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Créativité Québec 🔎(French only)

MESI This program supports companies in completing

the necessary steps in the development or

improvement of products or processes. Companies

may receive financial support for the

implementation of projects that provide them with a

competitive advantage or allow them to increase

their productivity and of whose eligible expenses

must be $100,000 or more.

• Development or demonstration of

a product or process;

• Project instrumental in maintaining

the growth of market share or in

reducing the environmental

footprint.

Lucrative business or social economy enterprise active in the manufacturing and tertiary sectors and in the primary sector presenting secondary and third processing projects.

Repayable

contribution;

Loan guarantee;

Equity

participation;

Grant.

The amount of the financial investment ranges

from a $50,000 to $5 million.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 3

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Tax Credit for Technological Adaptation Services 🔎

Revenu Québec The objective of this tax credit is to assist

companies in improving the competitiveness of

their prodcuts industrially manufactured products

and applies to salary expenses incurred internally

or from professional fees paid to an external

consultant.

Hiring of an industrial designer

employed by a business or of an

external designer.

Business having an

establishment in

Quebec and with a

minimum of $150,00 in

gross revenues.

Refundable tax

credit. The tax credit rate is: *24% of eligible expenses

for companies holding assets under $50 million;

*between 12% and 24% of eligible expenses for

companies holding assets between $50 million

and $75 million; and *12% of eligible expenses

for companies holding assets over $75 million.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x

Crédit d’impôt pour le design de produits fabriqués industriellement (volet design industriel) 🔎(French only)

Revenu Québec The objective of this tax credit is to assist

companies in improving the competitiveness of

their prodcuts industrially manufactured products

and applies to salary expenses incurred internally

or from professional fees paid to an external

consultant.

Hiring of an industrial designer

employed by a business or of an

external designer.

Business having an

establishment in

Quebec and with a

minimum of $150,00 in

gross revenues.

Refundable tax

credit. The tax credit rate is: *24% of eligible expenses

for companies holding assets under $50 million;

*between 12% and 24% of eligible expenses for

companies holding assets between $50 million

and $75 million; and *12% of eligible expenses

for companies holding assets over $75 million.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x

Tax Credit for Salaries and Wages R&D 🔎 (French only)🔎

Revenu

Québec The purpose of this tax credit is to encourage the

carrying out of R&D projects in Quebec. It is

calculated as a percentage of eligible R&D salaries

and with certain consideration paid to third parties

for the performance of R&D work.

R&D project carried out in Quebec. Canadian business

that carried out or has

carried out on its

behalf R&D work in

Quebec.

Refundable tax

credit. For research contracts entered into after June 3,

2014:

• The tax credit base rate is 14% of the eligible

R&D salaries;

• The rate of 30% is applicable to Canadian-

controlled corporations whose total assets for

the previous taxation year is $50 million or

less.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Creation of a Deduction for Innovative Manufacturing Corporations 🔎

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 4

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Revenu

Québec The purpose of this tax measure is to encourage

an innovative manufacturing corporation that is

eligible to enhance the value, in Quebec, of the

results of R&D work that it carried out therein and

that led to the achievement of a patent.

The corporation may reduce its taxable income by

an amount equivalent to a portion of the value of

an eligible patented feature that is integrated within

an eligible product that it sells or that it leases for

this year.

Marketing of a patented product. Corporation of which

50% of more of its

activities consist of

activities in the

manufacturing and

processing sectors

carried out in Quebec

and that does not

benefit from a small

business reduction.

Taxable income

reduction. The corporation may deduct in the calculation of

its taxable income an amount corresponding to

the determined annual percentage of the lesser

of the following amounts:

• the total amount of the value of all the eligible

patented elemented incorporated in an

eligible product that the corporation has sold

or leased; or

• the ceiling of the innovative manufacturing

corporation.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x

Project Financing🔎

IQ IQ helps companies bring their projects to fruition

by providing them with customized financial

support.

• Machinery purchase;

• Refinancing;

• Tax credit financing;

• Working capital;

• Implementation in a new market;

• Succession or business transfer

through share acquisition;

• Marketing;

• Exports;

• Innovation.

Quebec business. • Interest-

bearing loan;

• Loan

guarantee;

• Quasi-equity

financing.

The minimum financing offered is $50,000 and

can cover up to 100% of the project costs.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x

Financing of Refundable Tax Credits

IQ This solution allows companies eligible for

refundable tax credits to obtain liquidity

immediately to finance their project. IQ finances up

to 100% of the amount of expected credits during a

fiscal year.

All types of projects. Business that is

eligible for one of the

tax credits accepted by

IQ.

Interest-bearing

loan; or

Loan guarantee.

The minimum financing is $50,000 for R&D tax

credits and $20,000 for other tax credits.

The loan guarantee can reach 80% of the net

loss.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 5

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Innovative Manufacturer Financing 🔎

IQ This loan is granted to businesses to finance their

project aimed at enhancing their level of innovation

or to support the commercialization of their

innovation.

• Hiring of and innovation expert;

• Development and

commercialization of new

products;

• Modernization of production

processes.

Quebec manufacturing

business in operation

for at least three years

with:

• at least $2 million in

sales; and

• 15 or more full-time

employees.

Term loan. The loan granted is of a minimum amount of

$50,000 and a maximum of $250,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x

Fonds d’accélération des collaborations en santé 🔎(French only)

MESI The purpose of this fund is to improve and

enhance collaborations in the entire life sciences

innovation chain. It encourages research

collaborations between one or more private

businesses and at least one eligible public

research institution. The project is co-financed by

public and private funds. The contributions of the

private partnere(s) may be in the form of money or

in kind. Private partners can participate in projects,

but cannot prepare an application, which must be

submitted by research institutions or NPOs.

Project, of at least $3 million,

affecting all disciplines relating to the

area of health. Priority is given to the

projects that: *address issues of

health targeted by the Ministry of

Health and Social Services; and

*concerning precision medicine and

the use of health mega data.

• Quebec NPO;

• Quebec-based or foreign public research institute or business that carries on its activities in the sectors of the biopharmaceutical industry, medical technologies or information. technologies applied to health.

Co-financing. The government grant is at least $1.5 million

and can reach a maximum of $10 million, and

covers up to a maximum of 50% of the cost of

the project.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 6

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Fonds d’aide à l’économie de Lac-Mégantic 🔎(French only)

MESI This fund is intended to support the economic and

tourism-related development of the city of Lac-

Mégantic and is reserved for projects carried out in

this region.

• Studies and activities related to

the planning and development of

projects;

• Development projects (innovation,

development of markets and

commercialization);

• Investment projects related to the

creation and development of

businesses;

• Hiring of strategic staff needed in

the development of a business

project or in strengthening a

strategic function of the business.

NPO, business,

cooperative and

Quebec social

economy enterprise

and business outside

Québec that is carrying

out an investment

project on the land of

the city of Lac-

Mégantic.

• Interest-

bearing loan;

• Interest-free

loan;

• Convertible

debentures;

• Stake held;

• Loan

guarantee;

• Grant.

The fund finances up to 90% of the total costs

of the studies and 80% of the costs of other

activities and projects.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x x x

Fonds d'aide aux initiatives régionales (FAIR) - volet 2 : le soutien au financement de salaires de professionnels 🔎(French only)

MESI The FAIR focuses on the economic and tourism-

related development of the Gaspésie–Îles-de-la-

Madeleine region.

Through this component of the FAIR, financial

support is granted for R&D activities to be carried

out, investment projects and for new businesses to

be established.

Commercial projects in the health sector,

education, labour-training, municipal infrastructure

and utilities are not eligible.

• Improvement of the organization’s

productivity;

• Study of a project’s technical and

financial feasibility;

• Projects concerning the second

and third processing of products;

• Start-up, succession and business

expansion project.

NPO, cooperative or a

Quebec for-profit and

incorporated

organization.

Grant. The rate of assistance of the fund is 20% for

projects and 50% of studies and activities.

The maximum assistance granted is $150,000

per project.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 7

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Fonds de développement de l'économie sociale (FDÉS) 🔎(French only)

PME MTL

Network The FDÉS supports the development of social

economy businesses and projects, from pre-start-

up to growth stages. It also aims to support the

emergence of innovative projects that explore new

sectors, new approaches or that develop new

areas of expertise.

Social economy project. Social economy

enterprise or

cooperative having its

head office in Montreal

and having a social

economy project.

Grant. The grant varies between $5,000 and $50,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Fonds de développement économique de la région de la Capitale-Nationale (FDERCN) 🔎(French only)

Secrétariat à

la Capitale-

Nationale

The FDERCN supports the execution of projects

and studies having an impact on the economic

development of the Capitale-Nationale (C-N)

region.

• Start-up projects contributing to

the production and marketing of a

product (e.g.: opportunity, fasibility

studies, etc.);

• Projects instrumental in

strengthening the role and national

and international visibility of the

region or of a part of the region

(e.g.: economic impact studies).

For the start-up

projects:

business having been

created three years

ago or less

For all typse of

projects: NPO

The project promoter

must be established in

the C-N region; or

carry out the project in

the C-N region; or

carry out a project

having impacts mainly

in this region.

Grant. The fund finances up to 20% of the total eligible

expenses of the start-up projects of a private

business or cooperative (with a maximum of

$100,000 per project) and 75% of the costs of

studies and 30% of the other types of projects.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x

Fonds de diversification économique — MRC des Sources 🔎(French only)

MESI The main purpose of this program is to contribute

to the economic diversification of the Les Sources

regional county municipality.

• Completion of feasibility studies;

• Investment projects (for the

creation of new businesses or

expansion of existing businesses);

• Development of new products and

procedures; and

• Completion of studies and

business development projects.

Business or NPO in the

manufacturing, tertiary

or tourism sectors that

carries out a project on

the territory of the Les

Sources regional

county municipality.

Interest-bearing

loan;

Interest-free

loan;

Loan guarantee;

Stake held;

Grant.

Financial assistance can reach up to 25% of the

total cost for investment and 50% for studies

and other types of projects.

Grants will be limited to an amount of $7.5

million.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 8

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

x x x x

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Fonds de diversification économique du Centre-du-Québec et de la Mauricie 🔎(French only)

MESI The purpose of this program is to diversify the

economy of the regions of Centre-du-Québec and

the Mauricie.

• Completion of feasibility studies;

• Investment projects (for the

creation of new businesses or

expansion of existing businesses);

• Development of new products and

procedures; and

• Completion of studies and

business development projects.

Business or NPO in

the manufacturing,

tertiary or tourism

sectors that carried out

a project of the territory

of the Centre-du-

Québec and Mauricie

regions

Interest-bearing

loan;

Interest-free

loan;

Loan guarantee;

Stake held;

Grant.

Financial assistance can reach up to 25% of the

total cost for investment and 50% for studies

and other types of projects.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x

Fonds de soutien à l’innovation en santé et en services sociaux – Appui aux petites et moyennes entreprises (PME) québécoises innovantes en santé humaine au Québec (Volet 1) 🔎(French only)

MESI Component 1 focuses on Quebec SMEs intent on

testing the validity and utility of their technological

innovations in a real care environment. It

financially supports projects of a technology

maturity level from 7 to 9 aiming to generate

convincing data required to demonstrate the

promise of value of technolocal innovations, data

that will be necessary to evaluate them by the

main regulatory bodies.

Development and commercialization of innovation products

Business with fewer

than 250 employees

conducting R&D or

production activities in

Quebec.

Grant. The maximum assistance amount is $250,000

per project and cannot exceed 50% of the

eligible expenses.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x

Fonds Jeunes entreprises (JE) 🔎(French only)

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 9

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

PME MTL

Network The purpose of JE is to support viable businesses

by offering them financial assistance for a start-up

or expansion. This grant must be paired with a

loan offered by the Fonds PME MTL.

Business start-up project on the

island of Montreal. Entrepreneur running a

business that has been

in existence for under

five years.

Grant. The amount of financial assistance can go up to

$15,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 10

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Fonds local d'investissement (FLI) 🔎(French only)

MESI The FLI represents the main financial tool of

regional county municipalities implemented to

support businesses on their territory.

It aims to stimulate local entrepreneurship by

promoting access to capital for the start-up or

expansion of traditional or social economy

businesses and to support the next generation of

entrepreneurs.

• Business start-up or expansion

support project;

• Business succession support

project.

Lucrative business and

social economy

business based in

Quebec.

• Loan;

• Equity loan;

• Loan

guarantee;

• Other types of

financing

(other than

grants).

Assistance amounts are variable according to

the regional county municipalities.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x

Fonds PME MTL 🔎(French only)

PME MTL

Network The Fonds PME MTL supports businesses in the

start-up or development phases and ensures the

maintenance of jobs in Montreal.

• Purchase or renewal of

equipment;

• Business acquisition (succession

and transfer);

• Patent fees;

• Prototyping and

commercialization.

Lucrative business,

social economy

business or

cooperative having its

head office in Quebec

and an establishment

in Montréal.

Interest-bearing

loan. The maximum amount of the loan is $300,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x

Strategic Innovation Fund 🔎

ISED This fund provides a financial contribution to

improve the productivity and support the R&D,

investments and the growth of all sizes of

businesses.

• R&D and commercialization;

• Expansion and growth of

businesses;

• Attraction of investments and

reinvestment;

• Development and demonstration

of collaborative technology.

Canadian business in

the industrial and

technology sectors.

Grant.

Interest-bearing

loan;

Interest-free

loan.

Contributions will not exceed 50% of the costs

for eligible activities.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 11

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Prêt à entreprendre 🔎(French only)

6 partners,

including

MESI,

CDPQ,

CRCD

Prêt à Entreprendre offers financial support and

support to entrepreneurs to help them to achieve a

higher rate of growth in their projects.

• Acquisition of fixed assets;

• Development of products or

markets;

• Development and

commercialization of products or

services.

• Start-up business

(maximum of five

years of existence);

• Business having a

business plan (of

three to five years);

• Business having its

head office in

Quebec.

• Support; and

• Interest-

bearing loan.

The loan is a maximum of $30,000 per

entrepreneur and $90,000 per project involving

several entrepreneurs.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x x

Small Business Loan 🔎

BDC Financing in the form of a loan to small businesses

for their day-to-day activities. • Purchase equipment and

software;

• Attend a tradeshow;

• Protecti intellectual property.

Canadian business

that has been

generating revenues

for 24 months.

Interest-bearing

loan. The maximum amount of the loan is $100,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Xpansion Loan 🔎

BDC BDC’s Xpansion Loan is designed to help

businesses realize projects key to their growth and

success, without putting their cash flow at risk.

• Expansion of its market (in

Canada or internationally);

• Development of new products;

• Hiring and training of new

employees;

• Investment in technology.

Canadian business. Interest-bearing

loan. The maximum amount of the loan is $100,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 12

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Programme BioMed Propulsion 🔎(French only)

MESI This program is under the responsibility of MESI

and administered by IQ.

The goal of this program is to financially support

strong-growth-potential Quebec businesses active

in the life sciences in order to lead them to

commercialize the reults of their research.

R&D project in the biotechnology

fields in human or animal health or

medical technologies.

Business whose head

office is in Quebec and

that operates in the

following sectors:

• human or animal

health

biotechnologiy; or

• medical

technologies.

Equity loan. The amount of financial assistance includes a

minimum and maximum limit of:

• $2.5 million and $10 million for biotechnology

companies; and

• $500,000 and $10 million for medical

technology companies.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Canadian International Innovation Program (CIIP) 🔎

Canadian Trade

Commissioner

Service

The purpose of this program is to help Canadian

businesses to commercialize technologies in

collaboration with international partners in

countries with which Canada entered into an

agreement in the area of science, technology and

innovation. These countries are the following:

Brazil, China, India, Israel and South Korea.

• Projects in collaboration with a

partner from one of the countries

covered to adapt a product, a

process or service in order to take

into account the characteristics of

the global market;

• Projects to go out and seek

knowledge internationally and

make use of talents globally to fill

technical gaps.

Canadian SME. Grant. Assistance valies based on agreements.

Generally the program covers up to 50% of the

eligible costs.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Industrial Research Assistance Program 🔎

NRC IRAP The NRC IRAP provides financial assistance to

small and medium-size businesses eligible in

Canada that wish to develop technologies.

• R&D projects or commercialization

of new technologies;

• Projects to accelerate the

adoption and adaptation of

technologies.

Canadian business

with 500 employees or

less.

Support and

grant.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 13

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Technology Demonstration Program (TDP) 🔎

CIHR The TDP offers financial assistane in support of

projects involving demonstration of a model or

prototype having reached level 6 on the

Technological Maturity Scale. A TDP application

must be presented by a roup of applicants made of

of a senior application and the partner applicants.

Demonstration of a prototype. Canadian business. Grant. The TDP contribution shall not exceed 50% of

the eligible costs of each partner.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x

Quebec Economic Development Program (QEDP) 🔎

DEC – for the

various areas

of Quebec

The QEDP supports the economic development of

businesses and regions. It provides financial

support to businesses aligned with the priorities of

the business office of each region.

• Creation and start-up of a

business.

• Succession planning;

• Enhancement of productivity;

• Innovation, adoption of a

technology or management of a

technological transfer;

• Commercialization or exports.

SME, NPO or other

Quebec body. Grant.

Refundable

contribution.

Generally, up to 50% and 90% of authorized

costs for an SME and for an NPO, respectively.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x x

Programme de soutien à la valorisation et au transfert (PSVT) Soutien aux entreprises technologiques innovantes – PSVT (volet 3) 🔎(French only)

MESI The purpose of this component is to facilitate

access to support services and to support start-up

businesses. It includes two measures:

• incubation vouchers, which aim to facilitate

access to specialized support services offered

by technology business incubators or other

bodies recognized by the Ministère; and

• seed projects whose objective is to support

technology businesses during the seed phase

with respect to the implementation of their

operational, financial and commercial structure.

Technology company start-up

projects. Quebec technology

business in the start-up

phase.

Grant. Maximum assistance granted is

• $40,000 for incubation vouchers; and

• $250,000 for seed projects.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 14

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Programme de soutien à la valorisation et au transfert (PSVT) Soutien aux projets structurants – Projets de recherche-innovation - PSVT (volet 2a) Initiative Passeport Innovation 🔎(French only)

MESI Innovation passport offers financial support in

order to facilitate the start-up of innovative

technology companies and help existing

businesses strengthen their innovation capacities.

This initiative aims, among other things, to:

• Improve competitiveness and the competitive

positioning of SMEs through the adoption of

innovative practices and technologies; and

• Promote the use of member organizations of

QuébecInnove in innovation projects.

Fundamental, applied and

experiemental development

research projects that involve one or

more members of QuébecInnove.

Quebec SME,

cooperative or NPO. Grant. The maximum assistance granted can reach

$150,000 based on the number of comitted

stakeholders in the project.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x

Youth Employment Programs 🔎

NRC IRAP As part of this program, the SMEs receive financial

assistance to pay for a portion of the salary of

Canadian employees, between the age of 15 and

30 years old, holding a postsecondary diploma.

The employee hired must be

sollicited to work on non-technical

projects affecting technology and

covering, for example:

• R&D, engineering and multimedia;

• development of new products and

processes;

• analysis of the market from the

point of view of a new technology

product, etc.

Canadian SME with

500 employees or less. Grant.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x

Programme Premier brevet 🔎(French only)

MESI The purpose of this program is to support

innovative Quebec businesses in their initial steps

taken to protect their intellectual property (IP)

assets.

The types of IP covered are:

• Patents;

• Industrial drawings;

• Integrated circuit topography.

Quebec business with

250 employees and

less.

Grant. Financial assistance can reach up to 50% of the

eligible expenses of the project, up to a

maximum of $25,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 15

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Quantum Leap program🔎

CQDM Quantum Leap supports precompetitive research

whose technological breakthroughs will boost the

productivity of biopharmaceutical R&D and provide

solutions to the unmet critical needs of the

industry. This program enables SMEs and

university researchers to develop platforms that

will have an impact on the biopharmaceutical

research while positioning them advantageously

for commercialization.

Development of technologies,

platforms or innovative tools that

improve theR&D process for drugs.

Canadian SME in the

biopharmaceutical

sector.

Grant. Financing varies between $500,000 and $2.5

million.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Programmes d'accords industriels (PAI) 🔎(French only)

MESI The purpose of the industrial agreement programs

is to foster the negotiation and signing of

partnership agreements between Quebec and the

following regions: France, Bavaria, Brussels-

Capital, Catalonia, Flanders, Lombardy and

Wallonia. Eligible businesses may receive an

indemnity for travel and accommodation costs of

officers or technical executives who are on a

mission abroad.

Negotiation or industrial agreement

projects between a Quebec SME

and a partner with the objective of:

• acquiring or ceasing the expertise

or patents;

• jointly developing a product or

process; or

• creating a hybrid business.

Quebec SME that has

been in existence for at

least one year.

Grant. A lump-sum amount of $1,200 per person is

granted as a logistical support to carrying our

the mission. The amount goes up to $1,500 in

the case of the France-Québec Industrial

Program.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Scientific Research and Experimental Development Tax Incentive Program 🔎

Canada

Revenue

Agency

This federal program aims to encourage Canadian

businesses of all sizes and sectors in carrying out

R&D activities in Canada. There are two levels of

earnings generated:

• first, they may deduct R&D expenses from their

revenur for tax purposes.

• second, they earn an investment tax credit (ITC)

for R&D that they can use to reduce the tax on

its revenue. In certain cases, the ITC balance

may be reimbursed.

R&D projects. Canadian business. Deduction of

taxable revenues

and tax credit.

The base refundable ITC rate is:

• 15% for all businesses; and

• may go up to 35% of eligible R&D expenses

in the case in which they are generated by a

Canadian-controlled business and are below

$3 million.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 16

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Idea to Innovation Grants 🔎(INNOV)

NSERC The objective of INNOV grants is to accelerate the

pre-competition development of promising

technologies coming from the university and

college environments and promoting their transfer

to an established or new Canadian business.

They offer funds to members of the teaching

faculty of the college or university in support of

R&D projects whose technology transfer plan is

recognized.

R&D activities including:

• Refining and implementing of

models;

• Verification of the application;

• Realization of studies on the

ground and market study;

• Preparation of demonstrations;

• Manufacturing of prototypes;

• Completion of bêta trial.

Canadian business or

foreign business that

can demonstrate the

benefits over the

Canadian economy

that stem from their

participation in the

projects.

Grants paid to

partner

researchers.

The maximum amount applied for from NSERC

varies based on the project phase, between

$15,000$ and $350,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Applied Research and Development Grants (ARD) 🔎

NSERC ARDs support applied R&D projects in the natural

sciences, engineering, humanities or health

sciences fields and led jointly by researchers from

the colleges and their partners from the private

sector.

Partner businesses and NSERC share the direct

costs of the projects.

R&D projects in partnership with a

Canadian college in the field of

natural sciences, enginnering,

humanities or health sciences

Canadian business Co-financing. Grants paid by NSERC can reach $150,000 on

the condition that the partner business pays at

least an equivalent, that is $150,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Engage Grants 🔎

NSERC Engage Grants allow established businesses in

Canada to benefit from the expertise of qualified

researchers by assigning a grant to university and

college researchers who apply their knowledge to

the resolution of issues specific to these

businesses.

Research projects involving a

university or college level

researcher.

Business with an

operational base in

Canada with at least

two full-time

employees and having

been in operation for at

least two years.

Grant paid to

partner

researchers.

The maximum grant is $25,000.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x x

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 17

Management

body

Program description Eligible projects

(non-exhaustive)

Eligibility criteria Assistance features

Type Maximum amount

Going Global Innovation 🔎

Canadian

Trade

Commissioner

Service

This program financially supports researchers

intent on commercializing technology by benefiting

from the possibilities of global collaboration in R&D

with key stakeholders in international markets. As

part of this program, researchers can receive an

indemnity for legal fees required to strengthen

partnerships and other costs related to

international collaborations such as international

and local travel and accommodation costs, meals,

meeting costs, etc.

Projects to commercialize a

technology in collaboration with

international partners.

Researcher affiliated

with an SME,

university and

Canadian non-

governmental research

centre.

Grant paid to

partner

researchers.

The assistance is a maximum amount of

$75,000 and covers up to 75% of eligible

expenses.

SU BM RES DEV and COM

INV and PROD EXP HR PART FIN and

CAP

x x x

Last updated in December 2017

Financial Assistance Programs for Companies

Legend (Type of activity supported): * SU: Start-up | BM: Business management | RES: Research | DEV and COM: Development and commercialization | INV and PROD: Investment (buildings, equipment, technology, acquisitions...) and productivity | EXP: Exports | HR: Human resources | PART: Establishing partnerships | FIN and CAP: Financing and capitalization

MONTRÉAL INVIVO | 18

LIST OF ABBREVIATIONS

CRA Canada Revenue Agency

BDC Business Development Bank of Canada

CDPQ Caisse de dépôt et placement du Québec

NRC National Research Council

CQDM Consortium québécois sur la découverte du médicament

CRCD Capital régional et coopératif Desjardins

NSERC Natural Sciences and Engineering Research Council

CED Canada Economic Development

EDC Export Development Canada

ESDC Employment and Social Development Canada

IQ Investissement Québec

CIHR Canadian Institute of Health Research

ISED Innovation, Science and Economic Development Canada

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

MSSS Ministère de la Santé et des Services sociaux

MAMOT Ministère des Affaires municipales et Occupation du territoire

IRAP Industrial Research Assistance Program

R&D Research & Development

R&D Scientific Research and Experimental Development