The first component of ESSOR: Support for the realization of investment projects
What is the ESSOR program?
What projects are included in the first part of the program?
Which companies are eligible?
What help is available?
How to participate
Take advantage of the first phase of the ESSOR program
- Main objective: The ESSOR program aims to improve the productivity and competitiveness of Quebec businesses, with a strong focus on digital transformation as a key element of their success.
- Four components: ESSOR comprises four main components, each with its own eligibility criteria and specific terms and conditions of assistance, offering a range of tools to meet the diverse needs of businesses.
- Component 1 projects: The first component of the program supports various projects related to digital transformation, such as market analysis, process evaluation, regulatory analysis, business model review and rapid project implementation.
- Eligibility: Eligible companies must be for-profit, established and operating in Quebec, while certain sectors, such as agriculture, healthcare, public administration, etc., are not eligible for certain types of projects.
- Financial assistance: The program offers financial assistance in the form of grants to cover up to 50% of eligible expenses, with specific ceilings depending on the type of project, making it easier to carry out digital transformation projects.
About the author
Émile Audet
Frequently asked questions about ESSOR
What is the ESSOR program?
The ESSOR program is an Investissement Québec initiative designed to help and support Quebec companies in their growth. By focusing on digital transformation, the program aims to improve the competitiveness and development of businesses. The program contains four distinct components covering important aspects of the economic future of companies and of Quebec.
Who is eligible for ESSOR?
For-profit companies, cooperatives and collective enterprises operating in Quebec are eligible for the program. All sectors are eligible for the diagnosis and implementation of a digital plan, and can then access the projects covered by the first component. However, companies in certain sectors are not eligible to participate in the different components of the program. See our articles on Components 1, 2, 3 and 4 to learn more.
What kind of project are covered by ESSOR?
The projects covered by ESSOR aim to accelerate the growth and development of companies in Quebec. The first component covers the realization of investment projects, notably through the analysis, evaluation and implementation of digital plans. The second covers projects that improve productivity through expansion, new business creation, capacity enhancement and modernization. The third component supports projects that reduce the environmental footprint and, finally, the fourth component targets internationalization and expansion outside the Quebec market.
What type of help is offered by ESSOR
The ESSOR program offers several types of assistance. Investissement Québec supports Québec companies by offering repayable loans, loan guarantees and equity investments of less than 50%. In addition, subsidies may be offered to companies. Assistance amounts vary according to project size, type and corresponding component.
Why take part of the ESSOR program?
Participating in the ESSOR program enables companies to pursue their growth and development, while also benefiting from help with their digital transformation, an essential factor in today's environment.