MRC Abitibi-Ouest — Emergence Fund
Last Update: January 24, 2025
QC, Canada
Fonds Émergence supports economic diversification with non-repayable aid
MRC Abitibi-Ouest — Emergence Fund at a glance
Eligible Funding
- Max. $25,000
- Up to 50% of project cost
Timeline
- Continuous Intakes
Financing Type
Grant and Funding
Eligible Industries
- All industries
Grant Providers
- MRC Abitibi-Ouest
Status
Open
Overview of the MRC Abitibi-Ouest — Emergence Fund program
Fonds Émergence is a grant program aimed at stimulating the economic diversification of the Abitibi-Ouest region by financing pre-implementation stages of major structural or investment projects. The program offers non-repayable financial assistance covering up to 50% of eligible expenses, with maximum funding of $25,000, for activities such as business opportunity evaluation, prototyping, technical and financial feasibility assessments, market analysis, product testing and certification, and patenting.
Financing terms and conditions
The MRC Abitibi-Ouest Emergence Fund provides financial support to foster economic diversification through funding key preparatory project stages. It offers non-repayable financial assistance to help ease the investment burden on businesses.
- Non-repayable financial assistance covering up to 50% of eligible expenses, with a ceiling of $10,000.
- For projects with eligible expenses exceeding $40,000, financial aid can cover 25% of eligible expenses, up to a maximum of $25,000.
Eligible projects & activities
This grant supports activities directed towards stimulating economic diversification in the MRC Abitibi-Ouest region. It provides financial assistance for preliminary phases of significant structuring or investment projects.
- Evaluating the business opportunity.
- Defining and developing a prototype or pilot project.
- Assessing the technical and financial feasibility of a project.
- Conducting market analysis.
- Testing and certification of a product.
- Applying for patents.
Eligibility criteria of the MRC Abitibi-Ouest — Emergence Fund program
Eligibility for this grant is generally determined by criteria related to the nature of the project and its intended outcomes in line with diversifying the economic landscape.
- The project must involve pre-implementation activities for significant investment or structuring projects.
- Eligible expenses include fees related to business opportunity evaluation, prototype development, technical and financial feasibility analysis, market analysis, product testing and certification, and patents.
Who is eligible?
Organizations or individuals seeking to avail of the Fonds Émergence grant must be focused on stimulating economic diversification in the region and should be involved in preliminary stages leading to major projects or investments.
Who is not eligible
This grant does not specify any exclusions or restrictions related to the types of companies or industries that are not eligible to apply. All applicants are encouraged to review the specific criteria provided to determine their eligibility.
Eligible expenses
The grant covers specific expenses associated with the preliminary stages of implementing structuring projects or major investment projects.
- Fees for business opportunity evaluation.
- Costs related to the definition and development of a prototype or pilot project.
- Expenses for assessing the technical and financial feasibility of a project.
- Market analysis costs.
- Expenses for product testing and certification.
- Patent-related costs.
Eligible geographic areas
This grant is specifically aimed at supporting economic diversification within the territory of the MRC d’Abitibi-Ouest. Eligible companies must be operating within this region to qualify for funding.
- MRC d’Abitibi-Ouest
How to apply to the MRC Abitibi-Ouest — Emergence Fund program
1
Consultation of the program
- Visit the website of the MRC d’Abitibi-Ouest to view the details of the Émergence Fund.
- Contact a development advisor for more specifics and to determine the eligibility of your project.
2
Preparation of the request
- Fill out the Financial_Aid_Application_Form for Businesses available online.
- Prepare all necessary documents to support your application, including assessments, analyses, and certificates.
- Ensure that the planned expenses meet the program's criteria.
3
Submission of the request
- Send the completed form and the required documents by the means of transmission indicated on the website.
- Confirm the receipt of your application with the organization if no automatic confirmation is provided.
Additional information
Here are additional relevant details for this grant:
- The grant is designed to facilitate the preliminary steps prior to the implementation of major structural or investment projects.
- The financial assistance is non-repayable, providing significant support without the need for repayment, thus reducing financial risk for the applicant.
- The program encourages leveraging local expertise by offering the reimbursement of fees related to business opportunity evaluations, technical and financial feasibility assessments, and more.
- Personalized professional support is offered to applicants throughout their entrepreneurial projects, ensuring comprehensive guidance from project conception to execution.