ID Gatineau - Business Support Fund
Gatineau, QC, Canada
Financial aid for growing businesses in Gatineau
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- City of Gatineau
grant_single|status
grant_card_status|open
grant_single_labels|preview
The "Soutien aux entreprises" fund provides a maximum non-repayable contribution of $25,000 to support growth or startup projects for high-value-added manufacturing businesses in Gatineau. Eligible activities include hiring specialized external resources for productivity challenges, market development, and supporting business implantation or recovery plans.
grant_single_labels|projects
This grant is primarily available to businesses that plan to operate within the city of Gatineau. It targets enterprises looking to establish or expand in this specific geographical area to enhance economic activity in the region.
- Companies intending to establish operations or expand in Gatineau, Quebec.
grant_single|admissibleProjectsExample
$25,000
Launching a new marketing strategy for a social enterprise in Gatineau.
$25,000
Implementing a cybersecurity plan for a local Gatineau manufacturing enterprise.
$25,000
Conducting a feasibility study for expanding into new international markets.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the company profile and their proposed projects.
- The company must be legally constituted and registered with the Registre des entreprises du Québec (REQ).
- The company must be in a growth phase or present a potential for growth, or be in a consolidation phase and receive personalized support from ID Gatineau.
- Start-up companies are ineligible, except for large-scale, high-value-added manufacturers.
- For Projects in Volumes 1 and 2, companies must demonstrate a willingness to innovate and grow, have an ongoing or completed pre-diagnostic with ID Gatineau, and clearly identify their needs in an action plan developed with ID Gatineau.
grant_eligibility_criteria|who_can_apply
The grant is aimed at legally constituted businesses registered in Quebec, particularly those based in Gatineau or intending to establish operations there. Eligible companies include those in growth or consolidation phases, receiving personalized support from ID Gatineau, and specifically large-scale, high-value-added manufacturing startups. The businesses should be involved in technological, manufacturing, innovative, or export activities and demonstrate potential for growth or innovation. ID Gatineau's support is meant to enhance conditions for business growth or establishment in the Gatineau area, addressing productivity challenges and market development issues.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries based on project eligibility and market saturation. The requirements are designed to ensure that funds are directed to strategic and growth-oriented sectors.
- Projects in saturated market sectors or those that lead to job displacement.
- Projects substituting state responsibilities.
- Enterprises in highly competitive sectors unless they create wealth.
- Newly started businesses in need of business plans and financial forecasts.
- Projects linked to controversial activities inappropriate for ID Gatineau association.
- Projects with expenses incurred prior to project submission to ID Gatineau.
- Activities supported by previously completed mandates or current ongoing mandates.
- Debt servicing or loan repayments.
grant_eligibility_criteria|eligible_expenses
This grant aims to support businesses accompanied by ID Gatineau by improving growth conditions, addressing productivity challenges, and entering new markets. It focuses on leveraging specialized expertise and enhancing operational efficiency.
- Engagement of specialized consultants for feasibility studies and market analysis.
- Development of strategic planning and operational efficiency improvements.
- Initiatives for enhancing marketing strategies and financial forecasting.
- Projects aimed at obtaining necessary certifications to enter new markets.
- Implementing sustainable development plans and cybersecurity measures.
- Acquisition of capital assets and execution of marketing strategies to boost productivity and sales.
- Attraction and establishment of businesses in Gatineau to augment local economic activities.
grant_eligibility_criteria|zone
The eligible expenses under the "Fonds Soutien aux entreprises" are detailed to support specific project activities and business development strategies.
- Professional fees for consultants for various studies including feasibility, market, sectoral, and prospecting studies as well as opportunity analysis.
- Expenses for strategic planning establishment and coaching aimed at operational improvements.
- Development of financial forecasts or cost establishment.
- Implementation of a sustainable development plan or obtaining necessary certifications for new markets or competitive advantage.
- Cybersecurity measures and labor retention strategies.
- Access to government markets and other promotional strategic actions.
- Purchase of capital assets and deployment of a commercialization strategy.
- Studies on site selection and implementation plans, including technical and economic feasibility assessments.
- Professional fees to access government markets and relocation costs.
- Unforeseen costs related to business implantation and recruiting challenges, including part of the rent for the initial months.
- Expenses incurred in presenting the business to key economic stakeholders in Gatineau.
grant_single_labels|criteria
The evaluation and selection of projects for the "Fonds Soutien aux entreprises" are based on specific criteria designed to ensure alignment with ID Gatineau's objectives and the project's potential impact on the local economy.
- Demonstrate a significant potential for market share increase, sales growth, and/or productivity improvement.
- Show a strong commitment from the leadership to grow within Gatineau.
- Prove the necessity of financial aid for the project's execution.
- Exhibit potential for significant economic benefits for the City of Gatineau.
- For consolidation projects, have a reasonable prospect of successful recovery.
- Ensure alignment and complementarity with other available funding sources, such as federal, provincial, and municipal programs.
grant_single_labels|register
- Step 1: Determine Eligibility
- Ensure your business is legally constituted and registered in Quebec.
- Verify that your business is receiving personalized support from ID Gatineau.
- Confirm if your project falls under the eligible categories such as Expertise, Productivity and Market Development, or Attraction.
- Step 2: Prepare Required Documentation
- Develop a preliminary diagnosis and an action plan in collaboration with ID Gatineau.
- Gather documents that demonstrate your project's potential impact on market share, sales, or productivity.
- Compile financial statements or relevant financial projections.
- Step 3: Contact ID Gatineau
- Reach out to the strategic advisor or the ID Gatineau team for guidance.
- Discuss your project details and submission requirements.
- Step 4: Submit Application
- Prepare a project sheet in collaboration with ID Gatineau staff, explaining project objectives and relevant details.
- Submit your completed application form along with all necessary documents to ID Gatineau.
- Ensure all submissions are made before applicable deadlines.
- Step 5: Application Review
- Your application will be reviewed by the ID Gatineau team and may be subject to evaluation by the Common Investment Committee (CIC) if funding exceeds $5,000.
- Prepare to provide additional information if requested by the reviewers.
- Step 6: Funding Decision and Agreement
- If approved, you will receive an offer of funding in writing.
- Sign a non-repayable contribution agreement outlining the terms and conditions of funding.
- Review all contractual obligations and prepare for project implementation.
- Step 7: Project Implementation and Monitoring
- Begin implementing your project as per the agreed-upon plans.
- Submit regular project updates and financial reports to ID Gatineau.
- Engage in periodic meetings and consultations with the ID Gatineau team to assess progress.
grant_single_labels|contact
819 595-8002
Apply to this program
Financial Support for Gatineau-based Businesses
This grant offers financial assistance to businesses within Gatineau looking to enhance their growth potential through innovation and productivity improvements. It provides a platform for companies to overcome hurdles and capitalize on new opportunities without the financial burden of debt.
Exploring the "Soutien aux entreprises" Fund by ID Gatineau
The "Soutien aux entreprises" Fund, spearheaded by ID Gatineau, stands as a critical support mechanism targeted at Gatineau businesses seeking to harness growth and operational enhancements. This initiative is sculpted to facilitate business endeavors by providing non-repayable financial contributions up to $25,000. Specifically curated for enterprises with significant potential for expansion, the fund aims at creating favorable conditions for achieving business objectives in fast-evolving markets.
Central to the fund's philosophy is its focus on the elevation of productivity and market development. By furnishing capital for acquiring necessary assets or implementing robust marketing strategies, businesses can effectively scale their operations and reach. This funding not only addresses immediate fiscal needs but also acts as a catalyst for sustainable long-term growth, underscoring ID Gatineau’s commitment to empowering local businesses in overcoming market challenges.
The fund divides into three distinctive avenues: Expertise, Productivity and Market Development, and Attraction. Each avenue offers unique benefits crafted to tackle specific business requirements. Under the Expertise avenue, funds can be utilized to engage professional consultancy services, facilitating solutions for business diagnostics and strategic alignment. Meanwhile, Productivity and Market Development beckon businesses to invest in infrastructural development or diversified market strategies, enabling more significant market reach and enhanced productivity.
The Attraction avenue serves as a beacon to businesses poised to establish a new presence in the Gatineau area. By assisting with the costs associated with setting up operations locally, ID Gatineau attracts new economic activities, fostering a thriving economic tapestry in the region. Furthermore, the fund’s design incorporates an eco-friendly perspective, encouraging all grant applicants to embrace environmentally sustainable business practices.
The Fund also ensures a stringent selection process to guarantee that financial assistance is extended to projects with substantial potential for success and economic impact. Potential beneficiaries must showcase a clear, actionable plan underscored by diagnostic evaluations conducted in collaboration with ID Gatineau. Additionally, the emphasis on social acceptance and impact underlines the fund’s desire to support projects that not only promise economic benefits but also contribute to the social and environmental wealth of the region.
ID Gatineau's proactive approach includes sustained engagement with funded projects to furnish necessary support throughout the project’s journey. By ensuring continued support and collaboration, the initiative aids in maintaining alignment with primary objectives while fostering ongoing innovation and market engagement.
The "Soutien aux entreprises" Fund extends beyond mere financial support by leveraging ID Gatineau's extensive network. This comprehensive approach primes enterprises for success by giving access to invaluable resources and networks, catalyzing transformative impacts on the Gatineau business landscape. As an indispensable resource, this fund will aid local entrepreneurs in navigating competitive markets, ultimately leading to the creation of a resilient, innovative, and thriving Gatineau business ecosystem.
This foresight-equipped grant program thus significantly contributes to nurturing a robust local economy, buttressing businesses as they navigate, adapt, and flourish within evolving industry terrains while emboldening the Gatineau's economic stature on a broader economic map.
