In 2017, the CQDM was mandated by the Ministère de l’Économie et de l’Innovation to ensure the management of the Fonds d’accélération des collaborations en santé (FACS), which is part of the Quebec Life Sciences Strategy. This $ 75M fund was established to support ambitious initiatives that seek to improve and strengthen collaborations throughout the Life sciences innovation chain. Through this initiative, the Quebec government hopes to encourage ecosystem actors to work together more strategically and take advantage of each other’s strengths in order to fill gaps and/or foster collaboration. It is expected that the results of the selected projects will contribute to Québec’s international success and create value and wealth within Quebec, or that will result in efficiency gains for the Quebec health and social services system.
In order to be eligible, the large scale research projects or initiatives proposed will have to be carried out in Quebec, through partnerships between one or more private businesses and at least one public research institution.
Eligible research institutions and businesses must operate in the biopharmaceutical, medical technology, or health information technology industry sectors. Projects must be submitted by a public research institute or a non-profit organization in Quebec. The government’s contribution will be no less than $ 1.5M and may be up to a maximum of $ 10M. Projects must be at least $ 3M and the government contribution can not exceed eligible co-funding contributions.
For more information about FACS, please visit the Fund’s page on the Ministère de l’Économie et de l’Innovation du Québec’s website.