INNOV-R — InnovÉÉ Grant Brief ### 📋 Eligible Entities - Small and medium-sized enterprises (SMEs) operating in Quebec - For-profit corporations registered in Quebec - Sole proprietors and partnerships with Quebec operations - Micro-enterprises meeting program criteria - Required Partner: Must collaborate with at least one accredited university or public research center (no exceptions) ### 💰 Funding Details - Maximum Grant: $500,000 per year - Project Duration: 3-year term (total potential: $1.5 million) - Cost Share: Grant covers up to 50% of eligible expenses - Matching Requirement: Business must contribute minimum 50% of project costs - Repayability: Non-repayable grant (contribution, not loan) - Funding Type: Direct financial contribution ### 🛠️ Approved Expenses - R&D personnel salaries and wages - Research and development activities directly tied to innovation - Technology adoption and implementation costs - Equipment and machinery for R&D purposes - Materials and supplies for research projects - Consulting and professional services related to R&D - Intellectual property development and protection - University/research center collaboration fees - Note: Indirect costs subject to program limits ### ⚠️ Conditions & Milestones - Mandatory Partnership: Collaboration agreement with university or public research center must be signed before funding release - Eligible Project Scope: R&D initiative must demonstrate clear innovation objectives - Reporting Requirements: Annual progress reports and financial statements required - Funding Disbursement: Typically staggered across 3-year period based on milestone achievement - Match Funding: Business must demonstrate committed 50% contribution (cash or in-kind resources) - Compliance: Adherence to Quebec innovation and research standards - Project Timeline: Must align with 3-year program framework with defined deliverables per year