Compétivert — Investment Matching Solution

Who is eligible?

This grant targets businesses in Quebec looking to adopt clean technologies and eco-responsible practices to enhance competitiveness while reducing their environmental footprint.

• Companies interested in integrating clean technologies or eco-responsible practices.
• Businesses at the startup or post-startup stage with sales following a proof of concept with a strategic player or diversified clientele.
• Enterprises requiring financial solutions for projects involving performance improvements through sustainable productivity.
• Organizations seeking venture capital for growth in the clean technologies sector.
• Industries looking for technological support to enhance productivity while adhering to sustainable development principles.

Eligible expenses

The Competivert initiative provides support for businesses looking to integrate green technologies and sustainable practices. The eligible projects focus on enhancing environmental performance, reducing emissions, and promoting clean technologies and economic sustainability.

• Integration of clean technologies in business operations.
• Adoption of eco-friendly practices to reduce environmental impact.
• Development of clean technologies at startup and post-startup stages.
• Industrial environmental performance diagnostics to identify sustainable actions and projects.
• Participation in educational activities featuring experts and entrepreneurs on environmental practices.
• Projects contributing to significant reduction of greenhouse gas emissions.

Eligible geographic areas

This grant is specifically targeted at companies located throughout the province of Quebec. It focuses on fostering innovation in clean technologies across various regions to support the shift towards a more sustainable economy.

• Businesses operating within any administrative region of Quebec.

Here are additional relevant details for this grant:

• The initiative is supported by high-level government officials, including the Prime Minister of Quebec and the Minister of Economy and Innovation, indicating strong governmental backing.
• A target funding amount is set at $375 million over three years (2021-2024), emphasizing the scale and ambition of the initiative.
• Compétivert aligns with the Quebec government's Plan for a Green Economy 2030, demonstrating strategic alignment with broader provincial goals.
• The initiative aims to significantly reduce greenhouse gas emissions in the industrial sector, highlighting its environmental impact focus.
• Participating in the initiative may provide competitive advantages such as reduced production costs, increased customer demand, and attraction of skilled workforce.
• Investissement Québec has committed to adopting a responsible investment and sustainable finance policy by April 1, 2022, ensuring that environmental, social, and governance factors are considered.