grant_single_labels|summary

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

grant_single_labels|preview

Developmental capital of $5 million or more (20% to 30% of shares) to acquire a company in Quebec or abroad, for growth and productivity enhancements, and more.

grant_single_labels|projects

This grant opportunity is aimed at Québec businesses, providing them with necessary capital for various development projects. Eligible companies must be located within Québec as the program primarily supports local businesses.
  • Companies must be located within Québec.
grant_single|admissibleProjectsExample

$1,300,000

Sherbrooke
Enhancing productivity with new packaging machinery in a food processing cooperative

$1,250,000

Montreal
Expansion of a tech startup's operations to a new office

$1,500,000

Québec
Acquisition of a manufacturing company to increase production capacity

$1,550,000

Laval
Partial share redemption to maintain Québec ownership of a transport company

$1,400,000

Toronto
Acquisition of a digital marketing agency for business expansion

$1,350,000

Drummondville
Modernization of equipment in a cooperative farm

grant_single_labels|admissibility

Eligibility for this grant is determined by the applicant's industry and location in Québec.
  • The applicant must be a business located in Québec.
  • The applicant must not operate in the agriculture sector unless they are ineligible for La Financière agricole du Québec programs.
  • The applicant must not operate in the finance and insurance industry.
  • The applicant must not engage in real estate activities, except certain excluded activities.
  • The applicant must not be involved in retail sales and comparable activities.
  • The applicant must not be involved in other industries where the clients are primarily individuals, except for tourism.

grant_eligibility_criteria|who_can_apply

All Québec businesses are eligible to apply for this financing, except for those operating in certain excluded industries such as agriculture (with exceptions), finance and insurance, real estate (with some activities excluded), retail sales, and other industries primarily serving individual clients, except for tourism. However, companies that are not eligible for programs from La Financière agricole du Québec may still qualify for financing from Investissement Québec.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.
  • Companies operating in the agriculture industry, except those ineligible for La Financière agricole du Québec programs.
  • Businesses in the finance and insurance sectors.
  • Companies involved in certain real estate activities.
  • Retail sales businesses and comparable activities.
  • Industries where clients are primarily individuals, with exceptions for tourism.

grant_eligibility_criteria|eligible_expenses

This grant provides support for projects aimed at maintaining regional ownership, expanding business capabilities, and enhancing productivity. The eligible activities primarily focus on acquisitions, share redemption, and infrastructure upgrades.
  • Total or partial share redemption to maintain Québec ownership.
  • Acquisition of a company in Québec or abroad.
  • Growth or productivity enhancement through expansion or equipment modernization.

grant_eligibility_criteria|zone

The grant financing can be utilized for specific projects aimed at maintaining Québec ownership and enhancing growth or productivity.
  • Total or partial share redemption.
  • Acquisition of a company in Québec or abroad.
  • Growth or productivity enhancement projects such as expansion or equipment modernization.

grant_single_labels|register

  • Step 1: Contact Initial Consultation
    • Reach out to Investissement Québec for an initial consultation to discuss project eligibility and financing options.
    • Prepare an overview of your project to facilitate discussion with the representative.
  • Step 2: Prepare Financial Documentation
    • Gather financial statements and detailed project proposals to support your request.
    • Include projected financials if seeking growth or expansion financing.
  • Step 3: Formal Application
    • Complete the official financing application form provided by Investissement Québec.
    • Attach all required documentation including ownership structures, and business plans, if applicable.
  • Step 4: Submit Application
    • Submit the completed application and supporting documents to Investissement Québec.
    • Submissions can be made through their online portal or via the contact information provided.
  • Step 5: Follow-Up and Review
    • Follow up with an Investissement Québec representative if you have not received confirmation of receipt within their standard processing time.
    • Participate in any requested meetings or provide additional information if required during the review process.
  • Step 6: Receive Decision
    • Await notification from Investissement Québec regarding the decision on your application.
    • If approved, review and sign any necessary agreements or contracts.

grant_single_labels|otherInfo

Additional relevant details about the financing solutions provided by Investissement Québec:
  • A seasoned team of experts is available to provide guidance throughout the financing process.
  • Investissement Québec offers substantial financial capacity backed by extensive resources.
  • They have a comprehensive, long-term vision to support ambitious business projects.

grant_single_labels|documents

Development Capital — Equity financing

grant_single_labels|contact

1-844-474-6367

Apply to this program