FedDev Ontario – Regional Quantum Initiative in Southern Ontario
Description:
The Regional Quantum Initiative (RQI) in Southern Ontario is designed to help companies advance and commercialize their quantum products and solutions for domestic and global markets.
RQI provides funding seeking support projects that involve a range of activities to demonstrate, commercialize and scale-up Canadian-made quantum technologies, solutions and companies.
Comments on Funding:
Funding is a project contribution between $500,000 – $5 million. Applicants must secure a minimum of 50% matched funding for eligible project costs.
All contributions are interest-free and fully repayable.
Eligibility:
Applicants must be small- and medium-sized businesses, including start-ups, located in southern Ontario that are commercializing or adopting quantum technologies or quantum-based solutions. Applicants (companies) must:
Priorities may be given to applicants whose companies have:
Applications Steps:
The Regional Quantum Initiative in southern Ontario has a single-phase application process and uses a generic Application for Funding, which is also used for other programs supporting incorporated businesses.
Documentation Needed:
Applicants must submit the following mandatory documents:
- financial statements (interim/annual, balance sheets, or other financial documentation) for the last two years or since the date of the company’s start-up;
- articles of incorporation;
- biographies of key management and/or technical staff required to complete the project, and a diagram of the company’s organization structure; and
- a work plan or project schedule that outlines major activities and milestones already summarized in the application form.
Applicants must also supplemental documents if needed.
Other Things to Note:
Applications received and acknowledged by FedDev Ontario before closure will be assessed in the order they are received, subject to remaining funding.
Program Contact:
When It Ends:
Ongoing
Deadline:
Next deadlines to be determined