Development Capital — Equity financing
QC, Canada
Equity for large-scale projects in Quebec
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
Enhancing productivity with new packaging machinery in a food processing cooperative
$1,250,000
Expansion of a tech startup's operations to a new office
$1,500,000
Acquisition of a manufacturing company to increase production capacity
$1,550,000
Partial share redemption to maintain Québec ownership of a transport company
$1,400,000
Acquisition of a digital marketing agency for business expansion
$1,350,000
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|contact
1-844-474-6367
Apply to this program
Flexible Financing Solutions for Québec Businesses
Investissement Québec offers tailored financing solutions to facilitate ambitious projects for businesses across the province, with options including equity and debt financing. Eligible companies can leverage significant financial backing to achieve various strategic goals, such as growth, acquisition, and productivity enhancement.
Detailed Overview of Financing Options and Strategic Benefits
Investissement Québec stands as a formidable partner for businesses seeking substantial growth and development opportunities through flexible financial solutions. The organization provides equity investments, starting at $5 million, accounting for 20% to 30% of company shares, which bolster financial capacity for major corporate initiatives. This form of financing allows companies to pursue endeavors like share redemption to maintain local ownership, or the acquisition of businesses both within Québec and internationally, strategically expanding their footprint.
Furthermore, Investissement Québec extends debt financing up to a substantial $100 million, presenting businesses the necessary capital to undertake transformative projects. Senior secured loans, often structured in collaboration with other lenders, are offered with competitive, market-based terms that ensure accessibility and viability. On the other hand, subordinated loans, available with or without guarantees, provide tailored repayment terms based on the business's financial health, aligning with prevailing market conditions.
These financing solutions are instrumental in supporting projects aimed at enhancing productivity, whether through the expansion of facilities or the modernization of equipment. They cater particularly to companies with robust expansion plans that require a significant infusion of capital to achieve their objectives.
What sets Investissement Québec apart is its specialized focus on fostering long-term strategic growth. With a team of seasoned experts, the organization not only provides financial resources but also imparts valuable insights and advisory services aimed at maximizing the impact of funded projects. This comprehensive approach ensures that businesses are well-equipped to navigate the complexities of growth and innovation in a competitive economic landscape.
In addition to financial and advisory support, the organization’s backing opens doors to a broad network of partners and stakeholders, effectively enhancing opportunities for collaboration and strategic development. This network is crucial for companies looking to harness synergies that drive innovation and create lasting competitive advantages.
Overall, Investissement Québec offers a significant opportunity for businesses in eligible industries to capitalize on a range of strategic financing options. By providing avenues for equity and debt placement, the organization empowers Québec businesses to scale new heights, contributing positively to the economic growth and innovation landscape of the province.
