DEL — Expertise Financing Grant
Longueuil, QC, Canada
Financial assistance of up to $20,000 to support specialized professional services in validating technology, market strategies, and operational efficiency for businesses in the Longueuil agglomeration.
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJuly 09, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Développement économique de l'agglomération de Longueuil (DEL)
- Longueuil City
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Subvention for Financing Expertise provides non-reimbursable financial assistance up to $20,000, covering 50% of professional external fees associated with business projects. Eligible activities include technological validation, market validation, profitability diagnostics, operational efficiency, human resource management, strategic planning, and related professional legal and architectural fees. This program aims to support businesses established or intending to establish in Longueuil in minimizing market and technical risks, ultimately fostering job creation and retention.
grant_single_labels|projects
There are several projects and activities eligible for this grant, mainly focusing on business validation, operational efficiency, and strategic planning.
- Technological validation
- Market validation (marketing)
- Profitability diagnostics
- Operational efficiency
- Human resource management
- Strategic reflection and planning
- Legal professional fees related to the project
- Architects' professional fees
- Other pertinent professional fees or expenses
grant_single|admissibleProjectsExample
$17,500
Longueuil
Strategic planning for expanding a local arts non-profit organization
$20,000
Longueuil
Legal and architectural fees for a new community center
$14,000
Longueuil
Human resource management optimization for a local restaurant chain
$20,000
Longueuil
Conducting market validation activities for new eco-friendly packaging products
$20,000
Longueuil
Profitability diagnostics for a tech startup focused on AI solutions
$15,000
Longueuil
Optimizing operational efficiency for a community healthcare cooperative
grant_single_labels|admissibility
The grant eligibility criteria include that the business must be legally constituted, operate in an eligible sector, and be established or plan to establish in the Longueuil area. The business must also benefit the local economy and not be in default with the government or creditors.
- Must be legally constituted
- Must be established on the territory of Longueuil or intend to establish there
- Must operate in an eligible sector and provide products or services usually aimed at businesses (B2B)
- Must present a project that creates and/or maintains jobs
- Must obtain refundable funding from DEL
- Must present a project that falls within an eligible category
- Must demonstrate that the business and entrepreneur are not in default with the government and creditors, and are not involved in any litigation
grant_eligibility_criteria|who_can_apply
The grant offered by DEL is available to legally constituted, for-profit companies, social economy enterprises, and some non-profit organizations located in the agglomeration of Longueuil. Priority is given to those with less than 200 employees working mostly within this region.
- For-profit companies
- Social economy enterprises as defined by the Law on Social Economy (RLRQ, chapter E-1.1.1)
- Non-profit organizations with structuring impacts and direct benefits to Longueuil agglomeration
grant_eligibility_criteria|who_cannot_apply
Yes, certain types of companies are not eligible for this grant. Below is a summary followed by a list of the ineligible sectors and enterprises:
- Enterprises in sectors such as sex work, religion, politics, and controversial activities.
- Companies involved in speculative businesses.
- Financial sector firms, including financial cooperatives.
- Franchises, banners, licenses, or any dependent economic management enterprises.
- Contract-based revenue companies.
- Single-supplier exclusive subcontractors.
- Retail businesses including stores and personal services except for social economy enterprises.
grant_eligibility_criteria|eligible_expenses
Certain expenses are eligible for the grant, including costs associated with external professional consultations to support the business project.
- Technology validation (patents, materials, innovations)
- Market validation (buyers, products, market trends)
- Profitability diagnostics
- Operational efficiency
- Human resource management
- Strategic planning and reflection
- Legal professional fees related to the project
- Architect professional fees
- Other relevant professional fees or expenses
grant_eligibility_criteria|zone
The eligible geographic zones for this grant include the cities within the agglomeration of Longueuil. These are the areas where the businesses must be located or have significant economic impacts.
- Boucherville
- Brossard
- Longueuil
- Saint-Bruno-de-Montarville
- Saint-Lambert
grant_single_labels|criteria
The grant application will be evaluated and selected based on specific criteria detailed in the guidelines, including alignment with outlined priorities and adherence to required conditions.
- Priorities of intervention alignment
- Compliance with eligibility conditions
- Demonstration of good viability and profitability prospects
- Proof of no existing litigation or defaults
- Ownership and control by a Canadian citizen or permanent resident with domicile in Quebec
- Substantial contributions to economic and social benefits in the Longueuil agglomeration
grant_single_labels|register
- Step 1: Determine Eligibility
- Ensure your business is legally constituted.
- Confirm your business is located within the agglomeration of Longueuil or plans to establish there.
- Ensure your business operates in an eligible sector and provides value-added services or products to businesses (B2B).
- Verify that your business presents a project favoring job creation and/or maintenance.
- Ensure no defaults with the government or creditors, and no pending litigation.
- Step 2: Prepare Required Documents
- Obtain an offer of services from external professionals for project execution.
- Prepare to submit invoices and payment proofs for eligible expenses.
- Prepare a summary report of activities and implemented recommendations.
- Step 3: Contact DEL
- Contact DEL to schedule a consultation or appointment to discuss your project and funding needs.
- Use the contact details provided for communication:
- Phone: 450 645-2335
- Toll-free: 1 866 599-2335
- Email: info@delagglo.ca
- Address: 204, boul. De Montarville, bureau 120, Boucherville (Québec) J4B 6S2
- Step 4: Submit Application
- Submit your project proposal along with all required documents electronically via the DEL website (www.delagglo.ca).
- Ensure the application includes detailed plans and justification for the funding request.
- Step 5: Wait for Acknowledgment
- DEL will send an acknowledgment of receipt within two business days after submission.
- Step 6: Evaluation and Approval
- DEL will evaluate the application based on the project details and funding availability.
- If approved, DEL will issue a confirmation and arrange for the signing of a funding agreement which details the commitments and payment terms.
- Step 7: Implement Project
- Use the funding strictly for the approved project.
- Follow the project timeline and reporting requirements as agreed with DEL.
- Step 8: Reporting and Reimbursement
- Submit periodic reports and final summary report detailing the project outcomes and expenses.
- Provide DEL with all necessary financial documents, including paid invoices and proofs of payment, to claim the reimbursement.
Apply to this program
Unlock Opportunities with Specialized Funding
This grant provides targeted financial support to businesses looking to innovate and adapt in competitive markets. By focusing on strategic sectors, it aims to bolster economic growth and enhance sustainability.
Dive Into the Impact of This Strategic Grant
In a rapidly evolving economic landscape, businesses often face the challenge of keeping up with technological advancements and market demands. This grant aims to alleviate such pressures by providing them with the financial boost necessary to innovate. The primary goal is to support projects that demonstrate clear potential for significant economic impact, driving not only business success but also contributing to broader economic objectives.
This strategic funding is tailored to assist companies in specific sectors deemed vital for national growth. While the grant does not specify these sectors in every context, its focus generally revolves around fostering advancement in areas such as technology, renewable energy, and sustainable development. These sectors are pivotal as they directly contribute to job creation, improved efficiency, and a more resilient economy.
Beneficiaries can use the funds for a variety of purposes, including but not limited to research and development, acquisition of state-of-the-art equipment, and implementation of new technologies. This flexibility ensures that companies can tailor their projects to align with current market trends and thus remain competitive and innovative.
This grant not only offers monetary assistance but often extends to non-financial support such as technical mentoring and strategic networking opportunities. These resources are invaluable as they provide guidance and insights that can help refine project implementation and scaling processes. Such comprehensive support is designed to maximize the chance of project success while minimizing risks associated with innovation.
A key highlight of this funding program is the rigorous evaluation process each application undergoes. Projects are assessed based on their alignment with strategic goals, viability, and the potential for creating economic value. This ensures that the funding is directed towards initiatives that can deliver measurable and impactful results.
Efficiency and strategic alignment are core to the selection process, which means applicants need to clearly articulate how their projects fit within the broader economic goals and demonstrate a clear pathway to achieving these aims. This comprehensive approach ensures that both the businesses and the economy benefit from the investments made.
Through this well-structured funding initiative, companies have the opportunity to not only enhance their innovation capabilities but also to contribute to the country’s broader economic resilience and sustainability goals. Such grants are crucial as they create a ripple effect, fostering a business-friendly environment conducive to growth and development.
