Business Assistance — Immigrant Investor Program

This grant provides non-repayable financial contributions designed to support businesses that successfully meet specific project criteria. The financial support is geared towards fostering growth and innovation in eligible sectors.

• Minimum financial contribution amount is $40,000.
• Maximum contribution cannot exceed 10% of project costs, or 15% for start-up businesses.
• Projects with costs between $300,000 and $400,000 receive a set aid amount of $40,000.
• The maximum contribution per enterprise is capped at $250,000 over a three-year period.
• The financial contribution is distributed over four years.

Eligibility for this grant is determined by specific requirements related to the applicant's company status and project details.

• The project costs must be at least $300,000; $270,000 for startup companies.
• The total consolidated assets of the company must be less than $35 million.
• The maximum duration of the project is two years.
• The project can have started but must not be completed by the time the financial intermediary submits the application, and only expenses incurred within the 12 months preceding the submission are eligible.
• The company must be competitive and the project must be profitable.
• No fees are required for processing the application through IQ Immigrants Investisseurs Inc., the financial intermediary, or financial consultants.

Who is eligible?

Who is not eligible

This grant application does not specify any explicit exclusions regarding ineligible companies or industries. Therefore, only the information on eligible sectors is provided in the context.

Eligible expenses

This grant provides financial support for projects across a range of industries, focusing on business growth and technological advancement. Eligible projects can encompass a variety of activities aimed at enhancing production capabilities and expanding market reach.

• Startup, expansion, modernization, or production improvement activities.
• Certification of conformity to recognized standards.
• Technological or design innovation projects.
• Market development efforts aimed at the commercialization of products outside of Quebec.

Eligible geographic areas

This grant is managed by IQ Immigrants Investisseurs Inc., which operates in partnership with Investissement Québec. The focus is on supporting businesses within the province of Quebec to foster local economic development.

• Businesses located in the province of Quebec.

The grant has specific evaluation and selection criteria that businesses must meet to be eligible for the financial contribution. These criteria ensure that only competitive and profitable projects are supported under the program.

• The project costs must be at least $300,000; $270,000 for startup enterprises.
• The total consolidated assets of the enterprise must be less than $35 million.
• The maximum duration of the project is two years.
• The project can be underway but not completed at the time of submission, and only expenses incurred in the 12 months preceding the submission are eligible.
• The enterprise must be competitive and the project must be profitable.

Here are additional relevant details for this grant:

• The financial contribution provided is non-repayable, meaning it does not need to be paid back.
• The contribution is disbursed over a period of four years, allowing for extended support across the project timeline.
• The maximum contribution an enterprise can receive is capped at $250,000 over a three-year period per company.
• There are no fees to be paid to IQ Immigrants Investisseurs inc., the financial intermediary, or financial consultants for processing the application.
• Projects must conform to a timeline such that any commenced project must have incurred its eligible expenses within the 12 months preceding the submission date by the financial intermediary.