INNOV-R — PRIMA Grant Analysis ### 📋 Eligible Entities - Small and medium-sized enterprises (SMEs) operating in Quebec - Corporations registered and operating in Quebec - Sole proprietors and partnerships engaged in business activities - Cooperatives operating as commercial entities - Entities must be in good standing with tax authorities and business registries - Applicants must have an active business presence in Quebec for at least 12 months prior to application ### 💰 Funding Details - Maximum grant: $500,000 per year - Project duration: 3-year funding cycle - Cost-sharing requirement: Grant covers up to 50% of eligible expenses - Funding structure: Non-repayable grant (subsidy, not a loan) - Total potential funding: Up to $1,500,000 over the full 3-year period ($500,000 × 3 years) - Recipient responsibility: Must fund the remaining 50% of eligible project costs from own resources or other sources ### 🛠️ Approved Expenses - R&D salaries and wages for researchers, technicians, and support staff directly engaged in the project - Equipment and instrumentation purchased specifically for the R&D project - Materials and supplies directly consumed in research activities - Subcontracting fees to university partners or public research institutions - Professional services directly related to the R&D project (consulting, analysis, testing) - Travel and accommodations for researchers participating in collaborative activities - Overhead and indirect costs (up to a defined percentage, typically 15-20%) ### ⚠️ Conditions & Milestones - Mandatory collaboration: Project must involve at least one university or public research center as a formal partner - R&D focus: Project must constitute genuine research and development work (not routine production or service delivery) - Quarterly reporting: Progress reports required every three months documenting milestones and spending - Financial accountability: Recipient must maintain detailed records of all eligible expenses and be subject to audit - Intellectual property: Rights to discoveries may