Funding AIadoption - Program closed
Update - March 2024
Congratulations to the innovative companies that have improved their performance using AI thanks to the INVEST-AI program! Although the program has come to an end, the impact of the projects funded remains. Discover below how the program, with the support of the Quebec Government, has marked an acceleration in the integration of AI in local companies.
Impact
The INVEST-AI program, funded by the Ministère de l'Économie, de l'Innovation et de l'Énergie (MEIE) and managed by IVADO Labs, was a powerful lever for accelerating the adoption of AI technologies in Quebec companies from 2019 to 2024. The program has helped 100 companies improve their productivity and competitiveness by applying AI. The 100 selected projects will have supported or created more than 1,000 jobs, and more than 90% of completed projects are commercially deployed, contributing directly to Quebec's socio-economic growth.
Objectives
- Improve the productivity and competitiveness of Quebec businesses through the application of AI;
- Enable companies to implement AI solutions developed in the short term (maximum 2 years);
- Provide businesses with the capacity to maintain the AI solutions developed;
- Spread AI transformations to other parts of the business.
Offer
- Financial support of AI projects by reimbursing part of the project costs (up to 50% of the eligible costs, to a maximum of $1M);
- Advice to properly define the company's project for the use of AI;
- Connect with firms specializing in AI likely to participate in project implementation;
- Support companies at the business and technical levels during and after projects.