Business Assistance — Immigrant Investor Program
At a glance
- 10% of project cost
- Open Date : November 14, 2019
- All industries
- Investissement Québec
- Gouvernement du Québec
Overview
Eligibility criteria
The eligibility criteria for this grant are as follows:
- Your company must have consolidated total assets of less than $35 million.
- Project costs must total at least $300,000 (or $270,000 for businesses in the start-up phase).
- Your project must have a maximum duration of two years.
- Companies operating in specific industries are eligible (manufacturing, biotechnology, information technology, tourism, etc.).
Who is eligible
Eligible companies for the Immigrant Investor Program grant must operate in industries such as manufacturing, biotechnology, information technology, tourism, environmental restoration, recycling, call centers, aquaculture, horticulture, and certain cooperatives and non-profit organizations.
- Manufacturing
- New economy - Biotechnology, pharmaceuticals, aeronautics, or aerospace
- High-value-added information technology
- Tourism
- Environmental restoration
- Recycling, waste recovery, and processing
- Call centers
- Aquaculture, sea farming, and marine biotechnology
- Specialized horticulture
Who is not eligible
Some types of companies are not eligible for this grant because they do not operate in the specified industries. Companies in the following industries are not eligible:
- Software development
- Financial services
- Real estate
Eligible expenses
There are eligible expenses for this grant. Expenses related to initiatives to expand, modernize, enhance production, comply with specific standards, innovate in technology or design, and commercialize products outside Québec are eligible.
- Expansion initiatives
- Modernization expenses
- Enhancement of production costs
- Compliance certification costs
- Technology or design innovation expenses
- Costs related to commercializing products outside Québec
Eligible projects & activities
The Immigrant Investor Program offers grants for projects such as initiatives to expand production, technology innovations, and commercializing products outside Québec.
- Expansion, modernization, or enhancement of production
- Certification compliance with a specific standard
- Innovations in technology or design
- Commercialization of products outside Québec
Evaluation & selection criteria
The Immigrant Investor Program has specific eligibility criteria for companies seeking funding. To be considered for the grant, companies must meet industry requirements and have project costs within defined limits.
- Company must operate in specified industries like manufacturing, biotechnology, information technology, tourism, etc.
- Consolidated total assets of the company should be less than $35 million.
- Project costs must be at least $300,000 ($270,000 for start-ups) and the project duration should not exceed two years.
- Expenses incurred in the 12 months before the financial intermediary's submission date are eligible for consideration.
How to apply
- Contact an accredited financial intermediary recognized by Investissement Québec
- Collaborate with the intermediary to gather all necessary information for the application
- Ensure your company meets all the specific requirements and eligibility criteria
- Submit the completed application to IQ Immigrants Investisseurs inc. through the financial intermediary
- Wait for the review and decision on your application
