Financing your ICT R&D

Grant financing for ICT research partnerships

Prompt works closely with the Ministère de l’Économie, Science et Innovation/Ministry of the Economy, Science and Innovation (MESI), as well as with other organizations, such as the Natural Sciences and Engineering Research Council of Canada (NSERC) and MITACS, to support the development and financing of ICT-related projects in applied research and development.

Prompt provides grant financing of up to 40 percent of the total value of a research partnership project. It’s often possible to match Prompt financing with a federal public grant (NSERC, MITACS). In these cases, grant financing may cover up to 80 percent of the project’s total value.

Application approval process

1

1.1) To begin, you must contact a member of our team, who will endeavour to gain a solid understanding of your project to be able to guide you:
-Financial structuring (amount of the Prompt grant and funding opportunities via the NSERC, MITACS or other)
-Obtaining the Prompt grant application form
-Support throughout preparation and writing of your application

1.2) Contact us to obtain the writing guide

1.3) Write your grant application

2

Prompt’s Investment Committee will study your application and make its funding recommendation to the Board of Directors. Once endorsed by the Board, your application will be forwarded to the Ministère de l’Économie, Science et Innovation/Ministry of the Economy, Science and Innovation (MESI) for final approval.

3

If Prompt financing is granted, you will be required to submit the intellectual property agreement that you will have concluded with your institutional partner. This is a necessary precondition for the disbursement of funds.

You may contact us at any time to discuss your application or the progress of the approval process.

Prompt’s main financing arrangements

Prompt supports industrial-institutional partners through different arrangements, depending on their Technology Readiness Level, “TRL 1-3” and “TRL 4-6”.

Collaborative projects (involving at least one institutional partner and one industrial partner) have access to grants from MESI (Ministère de l’Économie, Science et Innovation/Ministry of the Economy, Science and Innovation). These grants may cover up to 40 percent of the admissible expenses of research establishments involved in a project.

  • For “TRL 1-3” projects: a minimum of two industrial partners (including at least one involved in R&D in Québec).
  • For “TRL 4-6” projects: minimum one industrial partner.
  • Maximum value of the Prompt grant: $1.5-million per project (max. 3 years, or $500,000 per year)

Applications may be filed at any time.

Are you interested in submitting a project or obtaining more information about Prompt's offer?