Development Capital — Equity financing
At a glance
- Min. $5,000,000
- Open Date : November 14, 2019
- All industries
- Investissement Québec
- Gouvernement du Québec
Overview
Eligibility criteria
Investissement Québec offers development capital financing solutions for projects such as share redemption, company acquisitions, and growth initiatives. Eligibility criteria for this grant include being a Québec-based business, excluding certain industries like agriculture, finance, real estate, and retail sales.
- All Québec businesses are eligible, except those in agriculture, finance and insurance, real estate, retail sales, and other industries primarily serving individuals.
- Companies ineligible for La Financière agricole du Québec programs may still qualify for financing from Investissement Québec.
Who is eligible
All Quebec businesses are eligible for the development capital grant, except for companies operating in the following industries:
- Agriculture*
- Finance and insurance
- Real estate (certain activities are excluded)
- Retail sales and comparable activities
- Other industries where clients are primarily individuals, except for tourism
Who is not eligible
Not all types of companies are eligible for this grant.
- Agriculture*
- Finance and insurance
- Real estate (certain activities are excluded)
- Retail sales and comparable activities
- Other industries where clients are primarily individuals, except for tourism
Eligible expenses
Under the Development Capital program, eligible expenses may include total or partial share redemption, acquisition of companies in Québec or abroad, and activities for growth or productivity enhancement such as expansion or equipment upgrades.
- Total or partial share redemption
- Acquisition of companies in Québec or abroad
- Growth or productivity enhancement activities (expansion, equipment upgrades)
Eligible projects & activities
There are eligible projects for this grant. Eligible activities include total or partial share redemption to maintain Québec ownership, acquisition of a company in Québec or abroad, and growth or productivity enhancement such as expansion or equipment upgrades.
- Total or partial share redemption
- Acquisition of a company in Québec or abroad
- Growth or productivity enhancement (expansion, equipment upgrade)
Evaluation & selection criteria
The grant has specific eligibility criteria including industry restrictions and limitations, apart from which all Québec businesses are eligible.
- Eligibility based on industry restrictions
- Companies ineligible for certain programs may qualify
- Seasoned experts working as a team
- Extensive financial capacity
- Comprehensive long-term vision
How to apply
- Step 1: Contact an Investissement Québec expert at 1 844 IQINFOS (1 844 474-6367).
- Content: Reach out to a specialist who can guide you through the financing process.
- Implications: You can get personalized advice and assistance tailored to your specific project needs.
- Step 2: Discuss your project details with the expert.
- Content: Provide information about your project, such as the financing amount required and the purpose of the funds.
- Implications: Helps the expert understand your needs better and suggest suitable financing solutions.
- Step 3: Determine the appropriate financing solution.
- Content: Evaluate the various financing options available like equity financing, debt financing, senior secured loans, or subordinated loans.
- Implications: Choose the financing type that best fits your project requirements and financial situation.
- Step 4: Submit your application for financing.
- Content: Complete the application form and provide all necessary documentation as per the requirements.
- Implications: Your application will be reviewed and processed by Investissement Québec for potential financing approval.