ERACM program - Business support: assistance and financing
QC, Canada
The ERACM program provides non-repayable financial support of up to $24,750 annually to businesses in Mauricie for expert consultancy services, fostering innovation and business growth.
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Grant and Funding
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- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
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- Économie du savoir - Mauricie
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grant_card_status|open
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The ERACM program offers financial support to for-profit businesses in the Mauricie region to promote innovation and business opportunities. Eligible activities include cybersecurity audits, commercialization strategies, intellectual property strategies, and the integration of IT technologies. Companies can receive up to $24,750 per year, covering 55% of eligible expert fees.
grant_single_labels|projects
This grant is available to companies operating specifically in the Mauricie region. However, companies with headquarters outside Mauricie may be eligible if the project is implemented by a branch within the region.
- Companies located in the Mauricie region.
- Projects implemented by subsidiaries located in Mauricie, even if the company's headquarters are outside the region.
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Eligibility for this grant is determined by specific requirements related to the company’s location, sector, and project implementation.
- The company must be a for-profit organization.
- The company must be located in the Mauricie region or the project must be implemented at a subsidiary located in Mauricie.
- The company must operate in one of the following sectors: Manufacturing, Information Technology, or B2B Business Services.
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The eligible applicants for the Programme ERACM are primarily for-profit companies located in the Mauricie region. Specifically, the program targets those working in the manufacturing, information technology, and B2B business services sectors. Additionally, companies with headquarters outside Mauricie may also be eligible if the funded project is implemented for a subsidiary located within Mauricie. Other types of businesses may be considered eligible on a case-by-case basis, and it is recommended to contact an ESM advisor for clarification.
grant_eligibility_criteria|eligible_expenses
This grant supports projects focused on enhancing cybersecurity, commercializing new products, integrating information technologies, and protecting intellectual property. It aims to provide specialized expertise to help businesses innovate and secure their assets.
- Audit in cybersecurity and securing IT tools.
- Development of a marketing strategy for new products.
- Establishment of an intellectual property strategy and action prioritization.
- Integration of information technologies and data interconnection.
- Protection of intangible assets (products, trademarks, etc.).
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The grant covers specific expenses related to external expert fees for identified projects.
- Professional fees for external expertise (expert interventions and coaching).
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Here are the steps to apply for the Programme ERACM:
- Step 1: Initial Contact with ESM
- Contact ESM advisors to express interest in the grant and schedule a first meeting.
- Discuss your specific project needs and objectives to determine eligibility.
- Step 2: Identify Funding and Resources
- With assistance from ESM advisors, identify suitable funding programs and resources available for your project.
- Get connected with specialized innovation resources, such as industry experts and research centers.
- Step 3: Develop Project Proposal
- Work with ESM advisors to develop a detailed project proposal that aligns with your innovation goals.
- Include specific project examples like those listed (e.g., cybersecurity audit, intellectual property strategy).
- Ensure that the proposal includes only admissible expenses such as external expertise fees.
- Step 4: Submit Application
- Submit your project proposal and application through the appropriate channels as advised by ESM.
- Ensure that all required documents and information are complete and accurate.
- Step 5: Await Funding Decision
- Wait for confirmation and further communication from ESM regarding the status of your application.
- Be prepared to provide additional information if requested by the funding body.
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The grant primarily supports businesses in innovation projects through non-repayable contributions, offering up to $24,750 annually. Projects must involve external expertise and focus on specific eligible activities, with funding availability contingent on the program's fund status.
- The maximum amount of non-repayable contribution is 55% of the eligible expenses, capped at $24,750 per year per business.
- Eligible projects could include cybersecurity audits, marketing strategy development, and intellectual property strategies.
- Only external expert fees are covered; purchases of specialized equipment or technology solutions are not eligible for funding.
- This program is mainly for for-profit businesses located in the Mauricie region in sectors like manufacturing, IT, and B2B services.
- Eligibility does not guarantee funding due to conditional fund availability.
- Additional support includes connections to specialized resources such as research centers and universities.
- The program promotes innovation through activities like workshops, networking events, and training sessions.
- Companies can subscribe to a newsletter to stay informed about the program and innovation best practices.
Apply to this program
Empowering Innovation in Mauricie
The ERACM program offers non-repayable financial contributions to businesses located in the Mauricie region, focusing on sectors such as manufacturing, information technology, and B2B services. Its objective is to encourage innovation and economic growth by supporting eligible projects with financial assistance of up to $24,750 annually.
Deep Dive into the ERACM Program's Structure and Benefits
The ERACM program, supported by the Government of Quebec, is crafted to bolster business innovation and growth in the Mauricie region. It serves as a significant opportunity for companies in the manufacturing, IT, and business-to-business service sectors by providing essential non-repayable financial contributions. This support can reach up to 55% of qualifying expenses, with a maximum available funding of $24,750 per business per year, based upon a ceiling of $45,000 in eligible expenditures.
Targeted at driving innovation, the program focuses on several key project areas, including cybersecurity audits, commercial strategy development, intellectual property strategy formulation, and IT integration, among others. The emphasis lies strictly on the provision for the fees associated with external expert services, ensuring businesses access the best professional guidance to meet their project goals. Notably, while equipment purchases or ongoing subscription fees are not covered, the program does provide avenues for advice and potential alternate funding options in these areas.
Moreover, the program does not just stop at financial support. It connects businesses with an expansive network of expertise, drawing from private and public research centers, technology transfer institutions, and universities. This collaborative model ensures that funded projects gain competitive advantages through shared knowledge and resources, fostering an environment ripe for innovation.
Through ESM, the body facilitating this program, businesses can tap into a wellspring of strategic advice and services, aimed at both immediate project success as well as long-term innovation capacity building. ESM's commitment extends beyond simple funding to include activities such as information sessions, training, workshops, and networking events, which collectively aim to instill a culture of continual innovation among Mauricie’s business community.
However, even with eligibility confirmed, companies must note that funding is contingent upon fund availability and does not guarantee grant approval. This stipulation underscores the competitive nature of the program, ensuring that only high-impact and feasible projects receive backing.
Overall, the ERACM program is more than just a financial lifeline; it is a comprehensive support structure aimed at transforming the present challenges into sustainable business opportunities, enhancing the productivity and innovation footprint of Mauricie-based firms in key industrial sectors.
