What Can PSCE Component 1 Fund: Eligibility and Coverage Details
PSCE – Component 1 is a part of the Programme de soutien à la commercialisation et à l'exportation aimed at supporting Quebec businesses in integrating into strategic supply chains. This non-repayable contribution helps companies enhance their market presence and competitiveness within Quebec's economy. Understanding what expenses are covered under this program is crucial for maximizing the potential benefits.
Program Funding Overview
The PSCE – Component 1 offers a non-repayable contribution to eligible Quebec businesses, covering up to 50% of eligible expenses. The maximum funding available per enterprise is $250,000 annually, with a requirement of at least $25,000 in eligible expenditures. Additionally, businesses must contribute a minimum of 25% of the total project cost from private sources. The program allows for a cumulative government aid of up to 85% of eligible expenses.
Funding Amounts & Rates
Maximum funding per enterprise: $250,000 per year
Percentage coverage: Up to 50% of eligible expenses
Minimum expenditure requirement: $25,000
Private source contribution: At least 25% of total project cost
Cumulative government aid: Up to 85% of eligible expenses
Eligible Expenses
The following expenses are eligible under PSCE – Component 1:
Professional Fees: Costs related to specialized services, including travel and accommodation expenses, provided they comply with the Quebec government's management policies.
Salaries: Includes salaries for a new market development resource or a commercial representative in Quebec for up to 52 weeks, excluding bonuses and benefits. The aid for this is capped at $45,000, with a limit of one hire per program duration.
Trademark Registration: Costs associated with registering trademarks in Quebec.
Testing and Certification Costs: Fees for tests, analyses, and the purchase of normative documents needed for obtaining homologation, compliance, or certification that facilitates commercialization.
Inventory and Storage Costs: Expenses for renting space and transporting materials or inventory required by order givers or for supply chain integration.
Ineligible Expenses
Certain expenses are not covered by PSCE – Component 1, including:
Salaries beyond the specified $45,000 cap or for positions not directly related to market development.
Costs covered under other financial assistance programs.
Non-compliance related expenses or fines.
General operational costs not tied to specific eligible projects.
Expense Documentation Requirements
Applicants must maintain detailed records of all expenses, including invoices, contracts, and proof of payment. These documents must be readily available for review and audit to ensure compliance with program requirements.
Examples of Funded Projects
Market Expansion: Hiring a market development specialist to enhance product distribution channels within Quebec.
Certification Attainment: Obtaining necessary certifications to meet buyer requirements, thus facilitating entry into strategic supply chains.
Trademark Development: Registering trademarks to protect and enhance brand recognition in the Quebec market.
Funding Disbursement & Claiming Process
Funding is typically disbursed on a reimbursement basis, with claims submitted along with the necessary documentation. Processing times may vary, and businesses should plan accordingly to ensure smooth cash flow management.
Stacking Rules
The PSCE – Component 1 allows for stacking with other government programs, provided that the total government assistance does not exceed 85% of the eligible expenses. Careful assessment of all funding sources is crucial to remain within these limits.
Real-World Budgeting Tips
To maximize the benefits of PSCE funding, businesses should strategically plan their projects, ensuring all eligible expenses are thoroughly documented and aligned with program objectives. Prioritize expenditures that directly enhance market integration and competitive positioning.
Conclusion
PSCE – Component 1 offers significant support for Quebec businesses aiming to strengthen their market presence through strategic supply chain integration. By understanding the eligible expenses and leveraging this funding, businesses can effectively enhance their commercial capabilities within Quebec's economy.
