Fund for Innovation and Technology (FIT)
Mirabel, QC, Canada
The Mirabel Business Innovation Fund empowers local enterprises by funding up to $25,000 for cutting-edge technological and digital transformation projects.
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Grant and Funding
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- Mirabel Economique
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The grant aims to encourage and support initiatives focused on integrating advanced innovations or cutting-edge technologies to enhance the productivity of businesses in Mirabel. Eligible activities include automation of production, modernization of production processes, digital transformation, and the integration of online commerce solutions. Financial assistance is provided up to $25,000 per business, covering up to 50% of the total project cost.
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This grant is specifically available for businesses operating within Mirabel, Quebec. Applications must align with the strategic economic development policies set by the city of Mirabel.
- Businesses legally registered and operating within the city of Mirabel.
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Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed project.
- The applicant must be a Canadian citizen and at least 18 years old at the time of application.
- The company must be legally constituted as a corporation and duly registered with the Quebec Enterprise Register (REQ).
- The applicant must have at least a 20% cash contribution for startups and 20% equity post-project for growing businesses.
- The applicant must submit a business or strategic plan demonstrating that the project adds value to the company.
- The applicant must obtain the certificate of occupancy and any other necessary permits for the project.
- For businesses operating in highly competitive sectors, the applicant must demonstrate the exceptional and innovative nature of the project.
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Cette subvention s'adresse aux entreprises basées à Mirabel cherchant à intégrer des innovations ou des technologies de pointe, dans divers domaines de l'activité commerciale. Les entreprises admissibles doivent intégrer ces innovations dans leurs processus de fabrication, leurs services, leur organisation ou leur marketing. Le fonds est ouvert aux initiatives d'automatisation, de modernisation des processus, à la transformation numérique, au déploiement du manufacturier 4.0, ainsi qu'à l'adoption de solutions de commerce en ligne et d'outils numériques comme les CRM.
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This fund aims to encourage and support initiatives that integrate new innovations or cutting-edge technologies to increase the productivity of businesses in Mirabel. The projects must align with Mirabel's Business Support Policy and can include various activities related to the modernization and digital transformation of businesses.
- Automation of production.
- Modernization of production processes.
- Digital transformation.
- Implementation of Industry 4.0 manufacturing principles.
- Integration of e-commerce solutions.
- Integration of digital tools in operations, such as CRM systems.
- Acquisition of software and technologies necessary for the company's digital transformation.
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The grant supports expenses directly related to the integration of new innovations or technologies to enhance business productivity in Mirabel.
- Costs associated with the automation of production processes.
- Expenses for the modernization of production methods.
- Investments related to digital transformation initiatives.
- Expenses for implementing Industry 4.0 manufacturing technologies.
- Costs for integrating e-commerce solutions into business operations.
- Expenses associated with the integration of digital tools such as Customer Relationship Management (CRM) systems.
- Purchases of software and technologies necessary for digital transformation.
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Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Ensure the applicant meets the citizenship and age requirements.
- Confirm the business is legally constituted and registered with the REQ.
- Ensure the availability of at least 20% of the project costs as equity or liquidity.
- Prepare a business or strategic plan showing the project's value addition.
- Obtain necessary permits and certificates.
- Step 2: Review Policy Details
- Consult the "Politique de soutien aux entreprises" of Mirabel for eligible and non-eligible expenses.
- Step 3: Prepare Application Materials
- Gather all necessary documents including the business plan, proof of funds, and permits.
- Prepare a detailed description of the innovation or technology to be integrated.
- Step 4: Submit Application
- Submit all required documents to the appropriate department or online portal, if available, as indicated by the city of Mirabel's guidelines.
- Ensure submission before any stated deadlines.
- Step 5: Confirmation of Submission
- Receive confirmation of your submission from the funding body.
- Maintain a copy of the confirmation for further correspondence.
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This grant aims to support businesses in Mirabel enhancing productivity through the adoption of innovative technologies. Financial assistance of up to $25,000 is available, covering a maximum of 50% of the project cost, with cumulative aid from municipal, provincial, or federal sources not exceeding 70%.
- Eligible applicants must be Canadian citizens, at least 18 years old, and legally constituted as a corporate entity registered with the Quebec Enterprise Register.
- Applicants must have a minimum 20% financial stake in the project.
- A business or strategic plan demonstrating added value to the company is required.
- Necessary occupation certificates and permits must be obtained.
- Projects in highly competitive economic sectors must prove their exceptional and innovative character.
- For startups, a 20% investment should be in liquidity, while for growing businesses it can be in equity post-project.
- Refer to the current Business Support Policy of the City of Mirabel for eligible and ineligible expenses.
Apply to this program
Empower Your Business with Cutting-edge Innovation
This grant offers financial assistance to companies in Mirabel aiming to adopt and integrate advanced technologies and innovative practices to enhance productivity. It seeks to support businesses in their digital transformation journey through various eligible initiatives.
Unlocking Business Potential Through Strategic Innovation
The primary aim of this grant is to bolster the productivity of Mirabel-based enterprises by encouraging the integration of advanced innovations and technologies. Whether it's the automation of production lines, modernizing manufacturing processes, transitioning into digital management, or the adoption of the manufacturer 4.0 standard, this grant serves as a critical financial lever for businesses to adapt and thrive in a competitive environment. The funding can also support the integration of e-commerce solutions and digital tools like Customer Relationship Management (CRM) systems, which are increasingly vital in today’s digital economy.
Eligible businesses can leverage this grant to cover up to 50% of project costs, with the maximum contribution capped at $25,000 per company. This provides substantial support while encouraging firms to invest their resources and maintain financial skin in the game. The stipulation that project finances cannot exceed a 70% total from municipal, provincial, or federal aids ensures a balanced funding structure, pushing companies towards sustainable growth and financial independence.
Applicants must ensure they meet eligibility criteria, which include being legally registered and possessing the necessary licenses to operate. This prerequisite is crucial as it ensures that only committed and compliant entities benefit from this financial support, thereby maximizing the impact and viability of the funded projects. Businesses are expected to contribute at least 20% of project costs from alternative resources, emphasizing their commitment and capacity to complete their initiatives.
The encouragement of laying down a strategic business plan as a requirement entails a thorough evaluation and projection of each project’s impact. This element of foresight is essential for ensuring that supported projects provide tangible benefits and return on investment. Projects must also demonstrate innovation and distinctiveness, especially crucial for enterprises in highly competitive sectors, using innovation as a differentiation tool.
Additionally, the digital transformation agenda is explicitly targeted through this program, recognizing the increasing necessity for businesses to integrate digital tools and methodologies to remain competitive. By investing in necessary software and technology, organizations can enhance operational efficiency and better meet market demands.
This grant not only serves as a catalyst for business innovation and efficiency but also aligns with broader economic objectives, ensuring that Mirabel remains at the forefront of technological adoption and industrial productivity. The structured financial support acts as a crucial enabler for businesses to innovate and adapt, providing a strategic advantage in increasingly global markets.
Overall, this grant initiative offers not just funding but a strategic framework for businesses poised to lead in innovation while maintaining a competitive edge. It represents a robust opportunity for companies committed to transformation, providing them a pathway to scale and succeed through strategic technological advancements.
