Compétivert — Funding Solution
QC, Canada
Funding for Quebec businesses
grant_single|update March 31, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|minCount
grant_single|deadlines
- grant_single|openingDateJuly 27, 2022
grant_single|financingType
Loans and Capital investments
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
Get a term loan and guarantee starting at $50,000 to increase productivity by financing your green projects.
grant_single_labels|terms_and_conditions
The Compétivert — Funding Solution provides comprehensive funding modalities to support the integration of eco-friendly technologies and sustainable practices for businesses in Quebec. The financing is designed to enhance business productivity while maintaining environmental integrity.
- Loans and loan guarantees that can cover up to 100% of the project costs.
- An option for a capital repayment moratorium for up to 48 months.
- Flexible financing terms available for both short-term and long-term projects, with durations extending up to 25 years.
grant_single_labels|projects
This grant promotes the integration of clean technologies and environmentally responsible practices to enhance competitiveness and reduce environmental impact. Eligible projects are those that involve the development or adoption of clean technologies and eco-friendly methodologies.
- Innovation processes toward the adoption of clean technologies or eco-friendly practices (e.g., consultation fees, expert fees, study and diagnostic fees, certification).
- Acquisition of clean technology to improve sustainable productivity while reducing environmental footprint (e.g., equipment for enhancing energy efficiency, purchasing electric transport materials, using renewable energies in production, installing water, air, or soil treatment systems).
- Adoption of eco-responsible practices to incorporate environmental considerations into the business model (e.g., circular economy, waste management and valorization).
- Development of clean technology to measure, prevent, limit, reduce, or correct environmental impacts, including those conserving resources or being more environmentally friendly than market counterparts (e.g., transportation electrification, green chemistry, sustainable agriculture, energy efficiency, renewable energies).
grant_single|admissibleProjectsExample
$ 55,000
Implementation of a green roofing system at a community center
$ 100,000
Development of a small-scale wind energy project for commercial buildings
$ 70,000
Development of a solar panel installation initiative
$ 50,000
Introduction of composting initiatives in community gardens
$ 150,000
Adoption of a hybrid vehicle fleet for a delivery service
$ 60,000
Implementation of eco-friendly packaging in the retail sector
grant_single_labels|admissibility
Eligibility for this financing solution is determined by specific requirements related to the business operations and sectors.
- The business must operate in Quebec.
- The business must be involved in developing or adopting clean technologies and eco-responsible practices.
- Businesses operating in the following sectors are excluded: agricultural operations (unless ineligible for La Financière agricole du Québec programs), finance and insurance, certain real estate activities, and other sectors mainly serving individuals, with the exception of the tourist sector.
- Additional criteria may apply depending on the specific project and business profile.
grant_eligibility_criteria|who_can_apply
The grant is available to businesses operating in Quebec that are either developing or adopting clean technologies and eco-friendly practices, with certain sectorial restrictions.
grant_eligibility_criteria|who_cannot_apply
This grant has specific restrictions excluding certain companies and industries from eligibility. These exclusions ensure alignment with economic and environmental objectives.
- Companies operating in the agricultural sector, except those not eligible for programs by La Financière agricole du Québec.
- Businesses in finance and insurance sectors.
- Certain activities within the real estate sector.
- Industries primarily serving individual clients, with the exception of the tourism sector.
grant_eligibility_criteria|eligible_expenses
- Consultation and expert fees.
- Study and diagnostic fees.
- Certification costs.
- Acquisition of equipment for energy transition or improvement of energy efficiency.
- Purchase of electric transport materials.
- Adoption of renewable energies and bioenergies in the production process.
- Installation of water, air, or soil treatment systems.
- Implementation of circular economy practices.
- Management and valorization of residual materials.
grant_eligibility_criteria|zone
This grant is specifically available to companies operating within a defined geographical location. Only businesses in the designated area are considered eligible for funding.
- Companies operating in the province of Quebec, Canada.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The criteria aim to assess the eligibility and suitability of projects for funding.
- All Quebec-based businesses developing or adopting clean technologies and eco-responsible practices are eligible, excluding specific sectors like agriculture, finance, insurance, and certain real estate activities.
- The projects must be linked to clean technology adoption, eco-responsible practices, and sustainable productivity enhancement.
- Other criteria may apply based on the nature of the projects.
grant_single_labels|apply
grant_single_labels|otherInfo
Here is additional relevant information for this grant:
- This financing solution includes both term loans and loan guarantees.
- The financing can cover up to 100% of the project's costs.
- Applicants could benefit from a capital repayment moratorium for up to 48 months.
- Financing terms may extend to a long-term period of up to 25 years.
- Financial solutions are targeted at improving both environmental footprint and business competitiveness through sustainable productivity.
grant_single_labels|contact
infoiq@invest-quebec.com
1-844-474-6367
Apply to this program
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