How much funding can be received?

Funds up to 50% of admissible expenses, capped at $150000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the DEL — Share Capital?

DEL — Share Capital is funded by Développement économique de l'agglomération de Longueuil (DEL), Longueuil City

What are DEL — Share Capital's eligibility criterias?

No specific eligibility criteria available for this grant.

DEL — Share Capital

Last Update: May 13, 2025

Longueuil, QC

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DEL — Share Capital at a glance

Eligible Funding

Max. $150,000
Up to 50% of project cost

Timeline

Open Date : July 9, 2024

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

Développement économique de l'agglomération de Longueuil (DEL)
Longueuil City

Status

Open

Overview of the DEL — Share Capital program

The grant offers a maximum funding amount of X, aimed at supporting innovative projects that enhance technological advancements within industries. Eligible activities include research and development, commercialization of new products, and scaling up business operations.

Eligible projects & activities

Examples of admissible projects:

$ 120,000

Implementing a cloud-based accounting software solution for small businesses

$ 110,000

Developing sustainable textile manufacturing using recycled materials

$ 90,000

Creating an online platform to connect Canadian artisans with corporate buyers

$ 100,000

Launching a new biodegradable packaging line to serve eco-conscious B2B clients

$ 130,000

Establishing a new co-working space tailored for tech startups

Eligibility criteria of the DEL — Share Capital program

To be eligible for this grant, businesses must meet specific criteria related to their establishment, location, industry, and financial planning.

Be legally constituted.
Be located in the DEL region or plan to be.
Operate in an eligible industry.
Offer innovative value-added products or services intended for a clearly defined profitable market in a B2B context.
Submit a project that will help to create and/or maintain jobs.
Demonstrate that your management team is experienced and complementary.
Submit a diversified financing structure, with strategic financial partners for executing the project.
Ensure government financing and DEL financing combined cover a maximum of 50% of the project expenses.
Demonstrate that the project is based on realistic financial forecasts, showing profitability and growth potential and potential to break even within 2 years of the investment.
Submit current financial statements showing an equity of 20% after the project with the ability to repay.
Demonstrate that the business and entrepreneur are not in default to the government or its creditors, nor are they the subject of any litigation.

Who is eligible?

Eligible applicants for the Share Capital grant are businesses focused on innovation, resourcefulness, and potential growth within a B2B context. This includes those with clear market strategies and a robust management team.

Businesses offering innovative, value-added products or services aimed at a defined profitable B2B market.
Companies demonstrating significant growth potential and the ability to maintain or create jobs.
Projects with well-drafted financial strategies, proving capacity for profitability and job creation.
Entities aiming for a diverse financing structure with strategic financial partners.
Projects showing readiness for subsequent rounds of investment and financial stability post-investment.
Businesses with experienced and complementary management teams.

Eligibility criteria of the DEL — Share Capital program

The evaluation and selection of projects for this grant are based on specific criteria that ensure alignment with the grant’s objectives and growth potential.

Potential of the project to create and/or maintain jobs.
Compatibility of the project's management team in terms of experience and complementary skills.
Diversity and strategic nature of the project's financing structure.
Realism and accuracy of the project's financial forecasts regarding profitability and growth.
Current financial standing of the business, reflecting strong equity post-investment and repayment ability.
Absence of any defaults or significant litigation involving the business or entrepreneur.

How to apply to the DEL — Share Capital program

Eligibility check

Ensure that the company is legally established and located in the DEL region or intends to relocate there.
Check that the company operates in an eligible industry and offers innovative products or services for a well-defined and profitable B2B market.

Preparation of the required documents

Draft a business model and a revenue model or a business plan.
Provide the financial statements for the last 3 years and the current year.
Prepare projected financial forecasts for the next 2 years.
Prepare the personal financial statement and the entrepreneur's credit report.
Draft the subscription agreement and the shareholders' agreement including an exit clause.
Present the shareholding structure showing the liquidation preferences.
Evaluate the company's value before the investment.

Construction of the financing structure

Develop a diversified financing structure including strategic financial partners for the project.
Ensure that government funding and that from the DEL together cover a maximum of 50% of the project's expenses.
Ensure that the experience and complementarity of the management team are demonstrated.

Submission of the request

Submit the complete file containing all the required documents and information to the DEL funding agency by following their specific submission procedure.

Additional information

Here are additional relevant details for this grant:

Although the investment will not exceed 49% of the voting shares of the business, it implies a significant minority interest indicating a partnership approach beneficial for growth stages.
Applicants are expected to have a shareholder agreement with clear exit clauses, indicating an organized structure for the investment lifecycle from the outset.
The funding supports innovative high-growth potential projects, which suggests a preference for disruptive or novel business initiatives.
Clear exit clauses must be defined within a five to seven-year period, which necessitates strategic planning around exit readiness.
The grant can be combined with government funding, but these combined must not exceed 50% of the project's total expenses.

Contact {{GrantProviderName}}

450 645-2335

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Canada's first investment fund for circular economy startups