Circular Economy Fund
QC, Canada
Le Fonds économie circulaire finance et accélère des entreprises innovantes pour la transition écologique au Québec.
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
Le Fonds économie circulaire est un programme de financement dédié à l'accélération de la transition écologique au Québec. Il soutient les jeunes entreprises en phase de démarrage qui proposent des produits, services ou technologies incrustés dans l'économie circulaire, notamment dans les secteurs de l'agroalimentaire, du recyclage et de l'écoconstruction. Les investissements, allant de 250 000 $ à 2 000 000 $, se font sous forme d'équité ou de quasi-équité, visant à réduire la production de matières résiduelles et les émissions de GES.
grant_single_labels|projects
This grant is accessible to companies based in the province of Québec. It supports the growth and development of young circular economy businesses within the region.
- Companies located anywhere in Québec.
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 criteria to ensure alignment with the objectives of the Circular Economy Fund.
- Applicants must be young enterprises in the startup phase.
- The business model must be based on products, services, or technologies rooted in the circular economy.
- Enterprises must be located in Quebec.
- Solutions proposed must demonstrate strong potential for resource optimization or valorization.
- Proposals should aim to reduce or valorize residual materials and reduce greenhouse gas emissions.
- Businesses in sectors such as agro-food, resource recycling and valorization, or ecoconstruction are particularly targeted, though other circular economy sectors may also be considered.
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
L'entreprise doit être située dans tout le territoire québécois pour être éligible à cette subvention.
- Territoire québécois
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
This is a structured guide on the steps necessary for submitting an application for the "Fonds économie circulaire" investment fund:
- Step 1: Eligibility Evaluation
- Review the fund’s criteria to ensure your project aligns with the focus on reducing waste and GHG emissions through circular economy principles.
- Confirm your business is based in Quebec and operates within one of the specified or related industries.
- Step 2: Project Preparation
- Develop a comprehensive business plan showing your company’s model, financials, and potential for resource optimization and waste reduction.
- Highlight innovative solutions relevant to the circular economy within your project proposal.
- Step 3: Application Documentation
- Prepare necessary documentation, such as financial statements, project timelines, and team credentials.
- Include detailed descriptions of technologies or services contributing to the circular economy.
- Step 4: Engage with Fund Administrators
- Contact the fund’s administrators for any questions or clarifications about the application particulars.
- Optionally, arrange a meeting to discuss your project’s fit with the investment criteria.
- Step 5: Submission of Application
- Submit your complete application package, ensuring all components are well-documented and persuasive.
- Confirm submission by deadline through the designated communication method provided by the fund.
- Step 6: Follow-up & Presentation
- Be prepared to potentially present your project to the strategic committee if requested.
- Engage in any necessary follow-up actions as guided by feedback from the fund managers.
grant_single_labels|otherInfo
Il y a des informations supplémentaires qui valent la peine d'être connues par l'applicant.
- Le Fonds économie circulaire privilégie les entreprises ayant un impact significatif sur la réduction des matières résiduelles et des émissions de GES.
- Les entreprises doivent démontrer un fort potentiel d'innovation et de collaboration avec d'autres entreprises, incluant de grandes entreprises, pour échanger des solutions de circularité.
- Les candidatures sont ouvertes à toutes les entreprises au Québec, même celles en dehors des secteurs priorisés, si elles s’insèrent clairement dans l’économie circulaire.
Apply to this program
Accelerating the Circular Economy in Quebec
This grant provides financial and advisory support to young enterprises across Quebec committed to advancing the circular economy. With investments ranging from $250,000 to $2,000,000, the fund targets startups innovating in sectors such as agro-food, recycling, resource valorization, and eco-construction.
Detailed Overview of the Circular Economy Fund
The Fonds économie circulaire is Canada’s pioneering investment fund dedicated to advancing the circular economy across Quebec. Its primary aim is to catalyze the ecological transition by minimizing residual waste production and enhancing its valorization, consequently reducing greenhouse gas emissions. By supporting innovative startups, the fund fosters a collaborative environment where small enterprises are encouraged to share novel circular solutions with larger corporations.
Aiming at businesses in the early stages of development, the fund looks for ventures with business models deeply rooted in circular economy principles such as product, service, or technology innovations that show substantial potential for resource optimization or valorization. Through equity or quasi-equity investments, the fund empowers enterprises to implement meaningful environmental and economic changes.
The sectors critically targeted by the fund include agro-food, where innovations in urban agriculture, short supply chains, and the transformation of food residues and by-products are crucial. The recycling and resource valorization sector is another significant area, focusing on solutions that address the issues of overuse and waste, by advancing technologies for organic material valorization and new recycling methods.
Additionally, eco-construction is a focal sector. This involves improving the management of construction residues and advancing eco-design strategies, thus reducing the intake of raw materials and the greenhouse gas emissions associated with production and landfilling processes. The fund is also open to exploring other industries that robustly integrate circular economy practices, allocating approximately 25% of investments to sectors that might fall outside its primary focus but demonstrate high potential for impact.
The strategic committee driving the fund comprises experts from various sectors, ensuring a rich array of expertise guiding investment decisions. Members include Natacha Beauchesne from the City of Montreal's economic development service, Philippe Cantin at Éco Entreprise Québec, Claude Maheux-Picard from CTTÉI and Synergie Québec, and others from influential organizations like the Fonds climat du Grand Montréal and RECYC-QUÉBEC.
Since its inception, the fund has invested in six diverse businesses, all championing elements of the circular economy across sectors such as agro-food, recycling, and eco-construction. Notable investments have supported companies like Jus LOOP, helping them expand their circularized food product market to the United States, and CarbiCrete in the production of carbon-negative concrete.
These efforts underline the fund’s commitment not just to financial support but also to facilitating partnerships and strategic growth trajectories for the businesses it backs. Through these investments, the fund ensures that economic growth does not come at the expense of environmental sustainability but rather is enhanced by it. This initiative exemplifies how businesses can thrive within an economy that values resource efficiency and sustainability, setting a precedent for a more resilient and circular future in Quebec and beyond.
