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Circular Economy Fund
QC, Canada
Canada's first investment fund for circular economy startups
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Construction
- Manufacturing
- Administrative and support, waste management and remediation services
grant_single|grantors
- Fondaction
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Circular Economy Fund is Canada's first investment fund dedicated to accelerating ecological transition by reducing waste and greenhouse gas emissions, with a maximum funding of $2,000,000. Eligible activities include innovation in agro-food systems, recycling and resource recovery, and eco-construction, focusing on startups in Quebec with circular economy business models.
grant_single_labels|terms_and_conditions
The Circular Economy Fund provides financial support to young startups in Quebec aiming to enhance their circular economy models through strategic investments. The fund offers both equity and quasi-equity investment structures specifically for companies working on innovative resource optimization and waste valorization solutions.
- Investment amounts range from $250,000 to $2,000,000.
- Investments are made in the form of equity or quasi-equity.
grant_single_labels|projects
The Circular Economy Fund supports innovative projects that aim to advance the circular economy by optimizing resource use and reducing waste and greenhouse gas emissions. Eligible activities focus on enhancing sustainability in key sectors through innovative solutions.
- Development and implementation of technologies for recycling and resource valorization.
- Initiatives in urban agriculture and short food supply chains.
- Projects focused on transforming decommissioned food and valorizing by-products.
- Innovative approaches to organic waste valorization or advanced recycling technologies.
- Eco-construction projects that improve management of construction residues and promote eco-design.
grant_single|admissibleProjectsExample
$ 450,000
Developing an urban agriculture initiative to reduce food miles and promote local food production
$ 1,000,000
Creating a local food hub for processing and distributing organic produce from urban farms
$ 600,000
Implementing a food waste transformation project to convert discarded vegetables into marketable products
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed activities.
- The applicant must be a young enterprise in its startup phase.
- The business model must be based on products, services, or technologies rooted in the circular economy.
- The company must be located within Quebec.
- The initiative must offer innovative solutions with strong potential for resource optimization or valorization, aimed at reducing residual materials and GHG emissions.
- The company must operate in one of the targeted sectors: Agro-food, Recycling and revalorization of resources, or Ecoconstruction.
grant_eligibility_criteria|who_can_apply
Young startup companies in the province of Quebec with business models based on circular economy products, services, or technologies.
grant_eligibility_criteria|who_cannot_apply
grant_eligibility_criteria|eligible_expenses
This grant supports projects that integrate circular economy principles to reduce waste and greenhouse gas emissions while promoting resource optimization and valorization. Eligible projects are primarily in sectors such as agri-food, recycling, resource revalorization, and eco-construction.
- Agri-food projects focusing on urban agriculture, short supply chains, and the upcycling of downgraded foods and by-products.
- Initiatives in recycling and resource valorization, particularly those addressing organic waste and new recycling technologies.
- Eco-construction projects aimed at reducing construction waste and optimizing raw material use through ecodesign.
grant_eligibility_criteria|zone
This grant supports companies located within the province of Quebec. Businesses from various sectors are encouraged to apply as long as they are within the specified region.
- Companies located anywhere in Quebec.
grant_single_labels|criteria
Oui, il existe des critères d'évaluation et de sélection pour cette subvention. Les entreprises doivent démontrer une solution innovante avec un fort potentiel d'optimisation de l'utilisation des ressources ou de leur valorisation.
- Secteurs d'activités ciblés : agroalimentaire, recyclage et revalorisation des ressources, écoconstruction, et autres secteurs d'intérêt relevant de l'économie circulaire
- Phase de démarrage
- Modèle d’affaires ancré dans l'économie circulaire
- Localisation : entreprise doit être située au Québec
- Montant de l'investissement demandé : entre 250 000 $ à 2 000 000 $
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Assess Eligibility
- Review the grant criteria to confirm your company's alignment with the fund's objectives related to circular economy solutions.
- Ensure that your business is located in Quebec and fits within the specified focus areas such as agro-food, recycling, or eco-construction.
- Step 2: Prepare Application Materials
- Develop a detailed business plan that outlines your proposed circular economy solution.
- Gather necessary financial documents, including proposed budgets and forecasts.
- Prepare supporting documents that highlight the innovative aspects and potential impact of your solution.
- Step 3: Contact the Fund
- Reach out to the fund managers for any preliminary inquiries or clarifications.
- Obtain any additional guidance on the specifics of the application process if necessary.
- Step 4: Complete Application Form
- Fill out the official application form provided by the fund.
- Ensure all sections are completed accurately and all required fields are filled.
- Step 5: Submit Application
- Submit your complete application along with all supporting documents through the specified platform or email as directed by the fund.
- Ensure that the application is submitted before the deadline.
- Step 6: Confirmation and Follow Up
- Receive confirmation of submission from the fund.
- Keep a record of the confirmation for future reference and follow up if needed.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The fund emphasizes collaboration between young innovative companies and larger enterprises to enhance circularity solutions.
- Investments are made in the form of equity or quasi-equity.
