Development Capital — Debt financing
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.
Overview
Debt financing up to $100 million to acquire a company in Quebec or abroad, for growth and productivity enhancements, and more.
At a glance
Funding available
- Increase performance through digital transformation
- Complete an acquisition or business transfer
- Optimize production processes
- Varies by project
Eligible candidates
- All industries
- Quebec
- All legal structures
- All revenue ranges
- All organization sizes
- All groups
Next Steps
Activities funded
This grant is designed to support various ambitious business initiatives that contribute to economic growth and sustainability in Quebec. The eligible projects include but are not limited to acquisitions, productivity improvements, and ownership structuring activities.
- Acquisition of an enterprise in Quebec or abroad.
- Growth or productivity improvement projects, such as expansion or equipment modernization.
- Partial or total buyout of shares to ensure the continuity of Quebec ownership.
Official resources
Eligibility
Who is eligible?
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.Who is not eligible
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.
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.
Eligible geographic areas
This grant targets companies established in specific regions to support regional economic development. The eligible geographical area for companies applying for this grant is the Province of Quebec.
- Companies located within the Province of Quebec, Canada.
Selection 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
How to apply
- 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.
Additional information
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.