Would you like to adopt innovative, sustainable and responsible technologies and practices? As part of its plan for a green economy, the Quebec government has set up a subsidy program to help you contribute to the collective effort to fight climate change.
INNOV-R offers a financing program for projects showing potential for reducing greenhouse gas emissions in Quebec. Projects must encourage the emergence of technologies and practices aimed at reducing GHGs and promote companies and organizations' participation in the technologies and techniques developed.
The subsidy can fund up to 50% of eligible expenses, up to $500,000 annually. By combining it with other programs, the funding can cover up to 80% of total project expenses. The company must provide a minimum contribution of 20% of eligible costs.
To apply in this category, your company must be legally incorporated in Canada and have a technological innovation project that reduces GHG emissions.
Programme innovation bois 2023-2026 (wood innovation program)
Are you looking to implement innovative equipment and systems in your wood processing facility or to deploy cutting-edge technological processes? Would you like to study the feasibility of a project or draw up a business plan before taking the plunge? Innovation bois could be for you.
The program is designed to encourage innovation and low-grade wood processing projects in the forest products industry in general. It has two components: Innovation and Substandard Wood.
Innovation supports investment projects and studies that promote developing new products and processes and deploying innovative technologies, equipment and systems.
Substandard Wood aims to develop industrial projects that process low-grade wood from Quebec forests.
Financial support depends on the project category. For feasibility studies, 75% of the amount can be reimbursed, up to a maximum of $75,000. For innovation projects, eligible expenses are reimbursed at 50%, up to a maximum of $2,500,000.
Please note that the percentages and amounts are different for the second part. It will be 50% up to $75,000 for feasibility studies and 25% up to $1,000,000 for investment projects.
To be eligible, your company must be incorporated in Canada, work in the forest industry, and have a project with total costs of at least $200,000. The program will run until March 31, 2026, or until funds run out.