MRC Abitibi-Ouest — Emergence Fund

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.

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

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.