Business Assistance — Immigrant Investor Program
QC, Canada
Grants for growth and innovation in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Gouvernement du Québec
- Investissement Québec (IQ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Non-repayable contributions of $40,000 to $250,000 covering up to 10% of project costs for existing businesses and 15% for start-ups.
grant_single_labels|projects
The grant is open to various eligible projects and activities. They prominently include sectors that focus on manufacturing, technology, environmental restoration, and more.
- Manufacturing sector projects
- New economy sectors (biotechnology, pharmaceutical industry, aeronautics, aerospace)
- High value-added information technology
- Tourism industry
- Environmental restoration
- Recycling, recovery, and waste processing industry
- Centralized call services
- Aquaculture, mariculture, and marine biotechnology
- Specialized horticulture
- Cooperatives or non-profit organizations in other sectors under specific conditions
- Business start-up, expansion, modernization, or production improvement investments
- Certification of compliance with a standard
- Technological or design innovation
- Market development: marketing products outside Quebec
grant_single|admissibleProjectsExample
$20,000
Develop an innovative software solution for small businesses
$20,000
Launch a centralized call service specializing in tourism information
$20,000
Implement an advanced recycling system in the community
$20,000
Upgrade production facilities to meet international compliance standards
$20,000
Expand our aquaculture operations with advanced marine biotechnology
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
Eligible applicants for this grant are businesses that:1. Obtain a favorable recommendation from an accredited financial intermediary.2. Operate within specific sectors such as manufacturing, new economy industries (biotechnology, pharmaceutical, aeronautical, and aerospace), high value-added information technology, tourism, environmental restoration, recycling, and waste management, centralized call services, marine aquaculture and biotechnology, and specialized horticulture.3. In some cases, cooperatives or non-profit organizations engaged in businesses outside these sectors may also qualify.4. The criteria also specify that investments are targeted at projects concerning business startup, expansion, modernization or improvement of production, compliance certification, technological, or design innovation.5. Additionally, projects aimed at market development, specifically the commercialization of products outside Quebec, are eligible.6. Specific project criteria include project costs of at least $300,000 ($270,000 for startups), a total consolidated asset of less than $35 million for the company, a project duration not exceeding two years, and only expenses within the 12 months preceding submission being admissible if the project has already started.Overall, the program is designed to support competitive and profitable projects that contribute to economic growth in specified strategic sectors.
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
The grant targets businesses aiming to benefit from investments made by immigrant investors in Quebec, Canada.
- Quebec
grant_single_labels|criteria
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.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Contact an Accredited Financial Intermediary
- Identify and contact an accredited financial intermediary associated with the program.
- Discuss your business project to ensure it meets the program's eligibility criteria.
- Step 2: Obtain Recommendation
- Work with the financial intermediary to prepare your project proposal.
- Receive a favorable recommendation from the intermediary to proceed with the application.
- Step 3: Application Submission
- The financial intermediary submits your application to IQ Immigrants Investisseurs Inc. on your behalf.
- Ensure that any ongoing projects have only costs incurred within 12 months prior to the application submission.
- Step 4: Application Follow-up
- Await confirmation or feedback from IQ Immigrants Investisseurs Inc. regarding the status of your application.
- Respond promptly to any requests for additional information or clarification.
grant_single_labels|otherInfo
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.
Apply to this program
A Strategic Program for Supplementary Business Funding
The AIDE AUX ENTREPRISES PROGRAMME DES IMMIGRANTS INVESTISSEURS provides non-repayable financial contributions to businesses leveraging investments made by immigrant investors. This unique initiative, administered by IQ Immigrants Investisseurs Inc. in partnership with financial intermediaries, facilitates the infusion of foreign capital into local enterprises to support growth and innovation.
In-Depth Overview of the AIDE AUX ENTREPRISES PROGRAMME
The AIDE AUX ENTREPRISES PROGRAMME DES IMMIGRANTS INVESTISSEURS is an innovative funding solution that connects foreign investor resources with Canadian businesses through IQ Immigrants Investisseurs Inc. The program is specifically designed to enhance the financial capacity of companies by providing supplemental funding in the form of non-repayable contributions. Ranging from $40,000 to a maximum of 10% of the project costs—or 15% for start-up ventures—the funding offers a significant boost to enterprises seeking to enhance their operations or develop new market segments.
Eligible projects span across various key economic sectors, including manufacturing, biotechnology, aerospace, IT, renewable energy, and environmental restoration. The program particularly supports projects that aim at international market development, technological innovation, and compliance certifications. This broad scope ensures that a wide array of industries can benefit from the available funding, fostering a competitive and dynamic business environment in Canada.
The eligibility for this program is structured around certain financial and operational benchmarks: the project costs must be at least $300,000, reduced to $270,000 for start-ups, and the business must not exceed a total consolidated asset value of $35 million. This ensures the program targets small to medium-sized enterprises (SMEs) looking to optimize their market position. The project duration is capped at two years, allowing for focused, short-term objectives with measurable outcomes.
An essential aspect of the program is the non-involvement in financial charges, meaning businesses are not burdened with fees ordinarily associated with financial services. The program is structured to eliminate unnecessary financial strain on aspiring enterprises, affording them the liberty to fully engage with their development projects. Application for this grant involves coordination with an accredited financial intermediary who evaluates and submits project proposals to IQ Immigrants Investisseurs Inc. The seamless submission process enhances access to this strategic financial resource for companies driving innovation.
Moreover, the infusion of capital via this program helps businesses stabilize their financial models, allowing entrepreneurs to pivot towards sustainable operational methods and modernize their business practices. The ripple effect of these investments extends beyond individual enterprises to bolster the entire economic sector in which these companies operate.
The partnership between investors and intermediary financial institutions is essential in this program, ensuring that both the financial resources and business acumen are properly aligned to catalyze project success. This symbiosis is pivotal in achieving the economic revitalization and innovation goals set by the program. Indeed, the AIDE AUX ENTREPRISES PROGRAMME not only supports immediate economic growth but also cultivates a blueprint for lasting enterprise development and competitiveness in the global marketplace.
Ultimately, the AIDE AUX ENTREPRISES PROGRAMME DES IMMIGRANTS INVESTISSEURS stands as a forward-thinking financial instrument that empowers businesses with the necessary capital to thrive in a competitive landscape while encouraging sustainable and innovative practices across Canada's economic sectors.
