How much funding can be received?

This grant is eligible for companies operating specifically within the Quebec region. Businesses outside this particular geographical area are not indicated as eligible in the context provided.

Businesses operating in Quebec.

grant_single|admissibleProjectsExample

$70,000

Vancouver

Development of a solar panel installation initiative

$50,000

Halifax

Introduction of composting initiatives in community gardens

$55,000

Calgary

Implementation of a green roofing system at a community center

$100,000

Ottawa

Development of a small-scale wind energy project for commercial buildings

$150,000

Toronto

Adoption of a hybrid vehicle fleet for a delivery service

$60,000

Montreal

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

This funding solution supports projects linked to green economy initiatives aimed at improving sustainable productivity through clean technologies and eco-responsible practices. Eligible projects involve innovation efforts, technology acquisitions, and the adoption of eco-friendly practices to reduce environmental footprint while enhancing productivity.

Initiative processes towards adopting clean technologies or eco-responsible practices, including consultation fees, expert fees, study and diagnostic expenses, certification, etc.
Acquisition of clean technologies to enhance sustainable productivity while reducing environmental impact, such as energy transition equipment, electric transport, renewable energy use, and bioenergy in production, water, air, or soil treatment systems installation, etc.
Adoption of eco-responsible practices integrating environmental concerns into business models, such as circular economy and waste management and valorization.
Development of clean technologies for measuring, preventing, limiting, reducing, or correcting environmental impacts, including those saving resources or less harmful alternatives available in the market, like transport electrification, green chemistry, sustainable agriculture, energy efficiency, renewable energies, etc.

grant_eligibility_criteria|zone

The grant covers expenses related to developing or adopting clean technologies and environmentally responsible practices.

Working capital and capital assets for projects involving clean technology or environmentally responsible practices.
Costs for adopting clean technologies or environmentally responsible practices, such as consulting and expert fees, study and diagnostic fees, certification costs.
Acquisition of clean technology to improve sustainable productivity and reduce environmental footprint, including energy-efficient equipment, electric transportation materials, use of renewable energies and bioenergies, installation of water, air, or soil treatment systems.
Implementation of environmentally responsible practices to incorporate environmental considerations into business models, such as circular economy and waste management and valorization.
Development of clean technologies to measure, prevent, limit, reduce, or correct environmental impacts, including resources conservation and reduced environmental impact compared to market counterparts.

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|register

Here are the steps to submit an application for this grant:

Step 1: Contact Form Submission
- Fill out the contact form provided by the funding body to express interest in applying for the grant.
- Ensure all required fields are completed accurately to aid the team in understanding your specific needs related to green projects.
Step 2: Gather Project Information
- Compile detailed information about your project, including objectives, expected outcomes, and how it aligns with eco-responsible practices.
- Prepare supporting documents such as cost estimates, timelines, and any relevant certifications or studies.
Step 3: Application Preparation
- Use the gathered project information to draft a comprehensive project proposal.
- Review eligibility criteria and guidelines to ensure compliance.
Step 4: Direct Submission
- Submit the prepared application directly to the funding body as directed, which may include online submission or physical mailing depending on their requirements.
Step 5: Confirmation of Receipt
- Await confirmation from the funding body acknowledging receipt of your application.
- Retain any reference numbers or emails for your records.

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|documents

Compétivert — Funding Solution

grant_single_labels|contact

infoiq@invest-quebec.com

1-844-474-6367

Apply to this program

Boost Your Competitiveness with Green Financing Solutions

This financing solution offers Term Loans and Loan Guarantees to successfully fund your projects in the green economy, enhancing your company's sustainable productivity. Eligible businesses can finance up to 100% of project costs with flexible repayment terms.

Detailed Overview of the Green Financing Solution

The green financing solution is tailored to businesses eager to enhance their competitiveness while minimizing their environmental footprint through the integration of clean technologies and eco-responsible practices. Targeted at enterprises operating within Quebec, this solution provides a combination of term loans and loan guarantees, allowing businesses to strategically allocate financial resources towards green projects. By offering coverage up to 100% of project costs, businesses are empowered to make bold investments in sustainable technologies and practices, driving both operational efficiency and environmental stewardship.

This financing mechanism is crucial for businesses looking to innovate and transition towards more sustainable operating models. Eligible projects, including those related to cash flow and capital investments for adopting or developing clean technologies, are critical in reducing a company’s environmental impact while simultaneously enhancing productivity. An example of eligible project categories includes the acquisition and installation of energy-efficient equipment, the transition to electric transportation, and the implementation of renewable energy and bioenergy solutions. These projects not only contribute to a more sustainable environment but also position businesses as frontrunners in the green economy.

One of the significant advantages offered by this financing solution is the flexible repayment schedule, with capital repayment moratoria of up to 48 months—a crucial component that allows businesses ample time to achieve project milestones without immediate financial pressure. Additionally, the option for both short-term and long-term financing—up to a maximum of 25 years—provides adaptable planning for enterprises focusing on long-term sustainability goals.

To qualify for this financial solution, businesses must operate in Quebec and be engaged in developing or adopting clean technologies, with specific restrictions excluding certain sectors such as agricultural operations and select real estate activities. However, businesses that do not qualify for programs from La Financière Agricole du Québec may still be considered under this financing option, providing a potential lifeline for those eager to innovate within the greener spectrum of the economy.

Eligible projects span various impactful areas, from driving innovation in clean technologies or eco-responsible practices—such as engaging consultancy services and pursuing certifications—to adopting practices that holistically integrate environmental concerns into business models through circular economy initiatives or resource management enhancements. Moreover, projects focused on developing technologies that mitigate environmental harms, like those improving energy efficiency or promoting sustainable agriculture, stand as compelling candidates for financing under this initiative.

Overall, this green financing solution is not just about financial aid; it represents a strategic opportunity for businesses to align themselves with contemporary environmental mandates and capture the market positioning associated with being a leader in sustainability. With this support, businesses are better equipped to streamline processes, cut costs related to consumption and waste, and enhance their brand value through tangible commitments to the environment.

In conclusion, this financing solution reimagines the pathways available for businesses transitioning towards sustainability, enabling them to not only be at the forefront of green innovation but also to meet the evolving demands of conscious consumers and stakeholders. By providing robust financial frameworks, Investissement Québec facilitates this critical shift, ensuring that Quebec remains a competitive and environmentally responsible economic landscape.