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DEPS — Social Economy Development Fund
QC, Canada
Supports social economy business development in Pierre-De Saurel
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Health care and social assistance
grant_single|grantors
- Economic Development Pierre-De Saurel (DEPS)
grant_single|status
grant_card_status|open
grant_single_labels|preview
The DEPS — Social Economy Development Fund provides up to $3,000 to support the creation, development, and consolidation of social economy enterprises through non-repayable contributions. Eligible activities include pre-startup feasibility studies, the development of social economy projects, and skill development for management and board members.
grant_single_labels|terms_and_conditions
- Aid is granted as a non-repayable contribution, with the amount recommended by the investment committee of Développement économique Pierre-De Saurel.
- The financial contributions from provincial, federal, and DÉPS sources should not exceed 80% of eligible expenses.
- Promoters must supply at least 20% of the total project cost, which may come from the organization's liquidity, fundraising campaigns, member financial contributions, asset transfers, human resource inputs, or municipal sources.
- The contribution for Pre-start (Volet 1) is capped at a maximum of $3,000, covering professional fees, expertise fees, and costs for consultants and specialists needed for studies.
- The financial aid for Social Economy Development (Volet 2) covers capital expenditures like land, buildings, equipment, machinery, and necessary technology acquisitions, with the amount determined by DÉPS based on available budgets.
- Competency Development (Volet 3) provides a maximum contribution of $2,000 for pre-approved eligible expenses, including registration fees, didactic materials, and costs for collective and individual coaching training.
- Payments may be disbursed in tranches or upon presentation of invoices.
- The aid will be reviewed or discontinued if project development does not adhere to agreed timelines or results.
grant_single_labels|projects
- Pre-startup activities including feasibility studies, business plans, or preliminary studies for creating a new social enterprise or implementing a new project.
- Development of social economy activities through the creation of new enterprises or new projects.
- Competency development activities including training fees related to enterprise creation, new project implementation, or skill development for management or board members.
grant_single|admissibleProjectsExample
$ 75,000
Expansion of local food co-op to increase local produce
$ 150,000
Energy-efficient retrofitting for small business buildings
$ 120,000
Organic waste recycling program in urban areas
$ 200,000
Mobile app development for remote healthcare access
$ 68,000
Innovative STEM camp for underprivileged youth
$ 100,000
Artistic community hub for local artists' collaboration
grant_single_labels|admissibility
- The applicant must be a cooperative, a mutual, or a non-profit organization constituted under the 3rd part of the Companies Act of Quebec.
- The main place of business must be on the territory of the Municipality Regional County (MRC) of Pierre-De Saurel or the project must have significant social and economic impacts on the territory.
- The applicant must adhere to the Quebec definition of social economy.
- The applicant must pursue a social purpose aimed at creating a positive environment and addressing community-identified social needs.
- The applicant must hold or be able to obtain all necessary permits and authorizations for the operation of the organization.
- The applicant must generate at least 20% of autonomous revenue.
grant_eligibility_criteria|who_can_apply
- Cooperatives.
- Non-profit organizations (NPOs).
- Enterprises with a focus on producing and selling socially useful goods or services.
grant_eligibility_criteria|eligible_expenses
- Professional fees.
- Expertise fees.
- Consultants and specialists fees required for feasibility studies.
- Capital expenditures such as land, buildings, equipment, machinery, rolling stock, incorporation fees (excluding goodwill expenses).
- Acquisition of technologies, software, or patents (excluding research and development activities).
- Working capital needs strictly related to the first year of operation or project implementation.
- Non-recurrent expenses.
- Registration fees.
- Cost of educational materials.
- Collective and individual coaching training expenses.
grant_eligibility_criteria|zone
- Massueville
- Saint-Aimé
- Saint-David
- Sainte-Anne-de-Sorel
- Sainte-Victoire-de-Sorel
- Saint-Gérard-Majella
- Saint-Joseph-de-Sorel
- Saint-Ours
- Saint-Robert
- Saint-Roch-de-Richelieu
- Sorel-Tracy
- Yamaska
grant_single_labels|criteria
- Sector of activity.
- Entrepreneurial qualities of the promoter.
- Knowledge of the chosen domain by the promoter.
- Realism of the project.
- Market possibilities.
- Relevance in relation to the Local Action Plan for the economy and employment.
- Structure of the project's financing.
- Nature and scope of social and economic impacts on the territory of the MRC de Pierre-De Saurel.
- Support of the project by the community.
- Chances of project viability demonstrated by a growing sector of activity.
- Demonstration that the project does not unfairly compete with organizations offering similar products or services.
- Evidence that the candidate can secure enough short-term contracts to demonstrate the project's viability.
- The financial aid must provide a significant leverage effect in the realisation and increasing activities of the enterprise.
grant_single_labels|register
- Step 1: Attend Information Session
- Participate in a session organized by Développement économique Pierre-De Saurel to understand the fund details.
- Step 2: Preliminary Application Submission
- Submit the pre-admissibility document "Mon projet d’entreprise" to the DÉPS.
- This document serves as an overview of your business idea and will be reviewed for eligibility.
- Step 3: Preparatory Phase
- If accepted, prepare a detailed project summary and financial forecasts.
- Gather all necessary documents for submission.
- Step 4: Project Selection Presentation
- Present your project orally to the project selection committee if invited.
- The committee will evaluate the project's viability and alignment with the fund's objectives.
- Step 5: Approval Process
- Receive a letter of acceptance or refusal.
- If accepted, complete any remaining documentation and agreements required for funding.
- Step 6: Agreement and Fund Disbursement
- Sign a contract outlining the terms and conditions of the funding.
- Funds are disbursed based on the agreed schedule and conditions outlined in the contract.
grant_single_labels|otherInfo
- The assistance offered, in terms of financial support, is capped and is given in tranches or upon the submission of invoices.
- All funded projects must demonstrate compliance with the permit and authorization requirements before aid is disbursed.
- Acceptance and processing of financial aid requests involve multiple stages, including both a preliminary eligibility check and further analysis by a selection committee.
- Lack of adherence to expected timelines or outcomes can lead to the suspension of financial disbursements.
- An organization's request for a second financial aid is considered an exception and requires justification of a new project.
- A formal agreement outlining terms and conditions is mandatory for all projects approved for financial aid.
- The non-compliance or involvement in fraudulent activities can result in the withdrawal of the granted aid.
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