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|terms_and_conditions
This grant provides various financing modalities aimed at promoting business growth and sustainability. These modalities are designed to address specific areas of enterprise development, ensuring effective use of funds for eligible projects.
- Non-repayable contributions up to a maximum of $25,000, excluding taxes, covering up to 50% of eligible expenses for consultancy and market development activities.
- A maximum contribution covering up to 10% of eligible expenses related to the acquisition of capital assets and 50% for other specified expenses like commercial strategy deployment.
- A non-repayable contribution covering up to 50% of project costs for businesses looking to establish a presence in Gatineau, with a maximum limit of $25,000 for installation and professional fees related to government markets.
- Flexibility to combine non-repayable contributions with loans from local funds depending on the financial situation of the business.
grant_single_labels|projects
The ID Gatineau Business Support Fund is designed to enhance the conditions for business growth and innovation. It finances specific interventions to boost productivity and market development, while also attracting businesses to set up operations in Gatineau.
- Engagement of specialized consultants to conduct feasibility studies, market analyses, and develop strategic plans.
- Execution of mandates aiming to improve operational efficiency and develop commercialization strategies.
- Support in acquiring certifications necessary for entering new markets or gaining a competitive edge.
- Financing of expenses related to the acquisition of capital assets and implementation of marketing strategies.
- Facilitation of costs involved in relocating businesses to Gatineau, including professional fees for engaging with the government.
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
This fund is specifically targeted at businesses from certain geographical regions as determined by the funding body. Eligible locations are aligned with ID Gatineau's mission to support local and external businesses integrating into the Gatineau economy.
- Businesses located within Gatineau, Quebec.
- Enterprises from outside Quebec aiming to establish operations in Gatineau.
- Quebec-based companies located outside of Gatineau wishing to expand into 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
