Who Can Apply for SIPEM Part 2: Eligibility Guide
The Support for Innovation and Productivity for Québec manufacturing companies (SIPEM) - Part 2 is designed to enhance productivity through technological innovation in the manufacturing sector. Knowing whether your company is eligible for this program is crucial for accessing the financial support you need to drive innovation.
Program Overview
SIPEM Part 2 provides financial support to Québec manufacturing companies and service businesses supporting the manufacturing sector. This program aims to accelerate productivity through technological advancements. Managed by PROMPT, it complements other initiatives such as the ESSOR Productivity Program and Canada's Economic Development Program (P-CAN).
Applicant Type Requirements
To be eligible for SIPEM funding, applicants must be:
Legally constituted under Québec or Canadian laws.
Registered with the Québec business registry.
More than 50% Québec-owned with a head office in Québec.
Size & Scale Criteria
SIPEM targets:
Small and medium enterprises (SMEs) with 249 employees or less.
Large enterprises with 250 employees or more.
Geographic Eligibility
Eligible applicants must have active operations in Québec. The program supports businesses involved in production or R&D within the province.
Project & Activity Requirements
Eligible projects involve:
Technological innovations aimed at improving productivity.
Solutions in microelectronics or data management.
Internal developments or collaborations with technology developers and academic institutions.
Financial & Operational Criteria
Applicants must:
Have completed a digital transformation or productivity optimization plan.
Ensure a minimum of 10% project investment in workforce or internal expertise.
Provide private funding contributions of at least 25%.
Ineligible Applicants
The program excludes:
Businesses not legally registered in Québec.
Organizations without a clear focus on manufacturing or R&D.
Projects not meeting technological innovation criteria.
Special Cases & Exceptions
Joint applications or partnerships with other Québec businesses are encouraged.
Social enterprises defined by Québec's Social Economy Act are eligible.
Self-Assessment Checklist
Is your business legally registered in Québec?
Do you have a majority Québec ownership?
Are you engaged in manufacturing or supporting services?
If you answered "yes" to these questions, your business might be eligible for SIPEM funding.
Conclusion
Understanding the eligibility criteria for the SIPEM Part 2 program is essential for Québec manufacturing companies aiming to leverage technological innovation for productivity gains. Ensure your business meets these requirements to take full advantage of the available funding.
