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INVEST-AI

This program is aimed to help small- or medium-sized Quebec businesses improve performance by implementing AI technologies into their processes.

Check If I Qualify

What Is INVEST-AI?

INVEST-AI is an initiative focused on promoting investment and advancement in the field of artificial intelligence (AI). It aims to support and fund AI-related projects and startups, fostering innovation and growth in the AI industry.

INVEST-AI Overview

INVEST-AI is a forward-thinking initiative dedicated to driving investment and accelerating progress in the field of artificial intelligence (AI). It is designed to support and empower AI-related projects and startups, fostering innovation, and cultivating growth within the AI industry. By providing funding and resources, INVEST-AI aims to fuel advancements in AI technologies, facilitate the development of cutting-edge AI applications, and contribute to the overall expansion and competitiveness of the AI sector. Through its strategic focus on investment and collaboration, INVEST-AI plays a vital role in shaping the future of AI, enabling breakthroughs, and nurturing a thriving ecosystem of AI-driven innovation.

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How Much Funding?

1:1 Contribution

Depending on the size of the projects, INVEST-AI can contribute between $10K and $1M

WHO QUALIFIES?

– Be a for profit enterprise legally incorporated under the laws of the Quebec Government or the Government of Canada and must operate a facility in Quebec for the production of goods and services;
– Generate at least $1M in annual sales revenue;
– Have a project related to the application of AI that can directly improve the performance of the firm.

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Eligible Activities & Expenditures

Implement AI solutions developed in the short term (maximum two years)

AI project MUST BE related to one or more of the following eligible activities:

– The development or improvement of products or processes using AI;
– Proof of concept of AI-based solutions (e.g., AI prototype development and testing);
– Development, adaptation and validation of AI-based solutions to enable demonstration of these models in real-life situations with potential customers;
– Acquisition, digitization, cleaning and organization of data to be used by the AI solutions (e.g., as part of a machine learning project);
– Quantification and verification steps to obtain certifications for an AI-based solution;
– The intellectual property protection activities resulting from the AI solutions developed;
– Coaching activities for the project carried out by AI specialists.

  • Labour costs
  • Contractor costs
  • Professional service fees
  • Supplies, Equipment, License
  • IP costs
  • Data collection costs

PROGRAM DEADLINE

Not specified

Get Expert Advice and Support

Our team will review your application and provide funding recommendations within a few weeks. If your project is approved, you’ll receive funding to cover a portion of eligible project costs.

Ready to take your business to the next level? Contact EVAMAX today to learn more and start your application process.

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