grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|openingDateNovember 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Gouvernement du Québec
  • Investissement Québec (IQ)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Debt financing up to $100 million to acquire a company in Quebec or abroad, for growth and productivity enhancements, and more.

grant_single_labels|projects

This grant is designed for businesses operating within a specific region as determined by the funding body. Eligible companies must be located in certain geographical areas that align with the funding objectives.
  • Businesses located in the province of Quebec, Canada.
grant_single|admissibleProjectsExample

$79,500,000

Montreal
Acquisition of a tech startup to enhance software development capabilities

$27,000,000

Toronto
Modernization of manufacturing equipment for a factory

$54,500,000

Calgary
Acquisition of a food processing company to diversify product lines

$33,000,000

Halifax
Partial buyout of shares in an education service company for sustainability

$70,000,000

Vancouver
Expansion of renewable energy facilities by GreenLeaf Co-op

$18,500,000

Ottawa
Expansion of a healthcare cooperative to include new diagnostic equipment

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the sector of the company applying.
  • All companies in Quebec are eligible except those in the following sectors:
  • Agricultural operations, unless they are not eligible for programs by La Financière agricole du Québec.
  • Finance and insurance.
  • Real estate, with some activities being excluded.
  • Retail and activities similar to retail.
  • Other sectors mainly serving individual customers, except the tourism sector.

grant_eligibility_criteria|who_can_apply

All businesses in Quebec can apply, except those in the following sectors:- Agricultural operations- Finance and insurance- Real estate (certain activities excluded)- Retail and activities similar to retail- Other sectors primarily serving individual customers, excluding the tourism sector Companies not eligible for La Financière agricole du Québec programs may still receive funding from Investissement Québec.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies from applying based on their industry or primary activities. These restrictions are intended to target key sectors that align with the grant's economic development mission.
  • Agricultural operations, with some exceptions.
  • Finance and insurance sectors.
  • Real estate activities (certain activities within this sector are excluded).
  • Retail and activities analogous to retail.
  • Other sectors where the customer base consists predominantly of individuals, except for the tourism sector.

grant_eligibility_criteria|eligible_expenses

This grant supports projects aimed at enhancing the economic sustainability and growth of businesses in Quebec. Eligible projects include strategic acquisitions, productivity improvements, and actions ensuring business longevity within the province.
  • Acquisition of a company in Quebec or abroad.
  • Growth or improvement of productivity, such as expansion and equipment modernization.
  • Partial or total buyback of shares to ensure the continuity of Quebec-based ownership.

grant_eligibility_criteria|zone

All companies in Quebec are eligible, except those from specific sectors.
  • Agricultural exploitation
  • Finance and insurance
  • Real estate (certain activities are excluded)
  • Retail and activities comparable to retail sales
  • Other sectors where the majority of clients are individuals, excluding the tourism sector

grant_single_labels|criteria

Yes, there are evaluation and selection criteria for this grant. All companies in Quebec except those in specific sectors are eligible, with a focus on high-potential growth and innovative sectors.
  • Companies in Quebec are eligible, excluding those in:
  • Agricultural exploitation
  • Finance and insurance
  • Real estate (certain activities excluded)
  • Retail sales and comparable activities
  • Other sectors with a majority of individual clientele, except for tourism
  • Focus on sectors such as:
  • Food processing
  • Aerospace
  • Information and communication technologies
  • Advanced applied technologies
  • Clean energy
  • Life sciences
  • Innovative manufacturing
  • Vision centered on long-term economic development
  • Goals to ensure the sustainability of Quebec businesses

grant_single_labels|register

  • Step 1: Eligibility Assessment
    • Review the sectors eligible for funding and ensure your business aligns with the economic development goals of Quebec.
    • Assess if your project fits within the types of eligible projects, such as acquisition or expansion endeavors.
  • Step 2: Contact Investment Quebec
    • Reach out to Investment Quebec's major accounts team to discuss your project and explore suitable financing options.
    • Provide a brief overview of your business and the scope of your project.
  • Step 3: Prepare Application Materials
    • Compile necessary documentation such as financial statements, a detailed business plan, and any other supporting materials requested by Investment Quebec.
    • Ensure your business plan clearly outlines the investment needs and expected outcomes.
  • Step 4: Submit Proposal
    • Submit your complete application package to Investment Quebec, as advised by the team handling your account.
    • Ensure all information is accurate and complete to facilitate the review process.
  • Step 5: Application Review and Feedback
    • Investment Quebec will review your application and provide feedback or request additional information if required.
    • Stay in contact with the team to address any queries and provide supplementary documents promptly.
  • Step 6: Final Decision
    • Await a decision from Investment Quebec regarding the funding of your project.
    • Receive notification of the outcome and next steps if your application is successful.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • Investissement Québec offers flexible financing solutions through both equity and debt financing tailored to your business's specific needs and market conditions.
  • They have a strong financial capacity and offer a long-term global perspective to support ambitious business projects.
  • Their portfolio focuses on innovative companies with high growth potential, especially in sectors like aerospace, ICT, advanced technologies, clean energy, life sciences, and innovative manufacturing.
  • Investissement Québec brings added value through a wide network of contacts and complementary services with other market players.
  • Financing packages start at a minimum of $10 million, which can go up to $100 million for debt financing.

grant_single_labels|documents

Development Capital — Debt financing

Apply to this program