Ministère du développement économique de l'innovation et de l'exportation (MDEIE)
Assistance program for businesses
Research and innovation component
· stimulate innovation (research and development) and transfer activities in businesses
· create hiring opportunities for CEGEP and university graduates
· strengthen the innovation capacity of businesses
· enhance the competitive capacity of businesses
To qualify, a business must be:
· a manufacturing business, that is, its activities must be primarily manufacturing-related;
· a private business in the tertiary technology sector (the new economy);
· in the software publishing industry and submit an innovation project for software design, not software commercialization;
· a recycling/environmental business;
· an employer of at least 200 permanent employees at the time of the application;
· legally incorporated and operating in Québec;
· Financial assistance is awarded in the form of a two-year wage subsidy. The amount eligible for financial assistance corresponds to a candidate's base pay when he or she took up the employment, minus bonuses and other forms of compensation, as reported by the business in signing the subsidy agreement;
· In all cases, the total subsidy granted per employee is 50% of the employee's pay, without exceeding $15 000 a year in the case of a college graduate, $20 000 a year in the case of an undergraduate and $25 000 a year in the case of a candidate with a Master's degree or PhD;
· A maximum of three subsidized positions may be authorized per business for the duration of the research and innovation component of the program, that is, until March 31, 2009 (including businesses not operating at arm's length within the meaning of the tax legislation).
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