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Rouyn-Noranda — FQM Business Succession Program - Rouyn-Noranda - Quebec - Canada
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Rouyn-Noranda — FQM Business Succession Program

Supporting Quebec entrepreneurs in business succession transitions
City of Rouyn-Noranda
Last Update: March 4, 2026
Funding available
$ 15,000
Timeline
  • Open continuously
Location
Rouyn-Noranda, Abitibi-Témiscamingue, Quebec, Canada

Overview

The Relève entreprise program supports entrepreneurs in business transitions by providing up to $15,000 to cover 50% of costs for specialized services like due diligence, market value assessment, and acquisition agreement preparation. This funding is aimed at entrepreneurs acquiring Quebec-based businesses with support from local investment funds.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Complete an acquisition or business transfer
Eligible Funding
  • Maximum amount : 15,000 $
  • Up to 50% of project cost
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • All industries
Location
  • Rouyn-Noranda
  • Abitibi-Témiscamingue
  • Quebec
Legal structures
  • For-profit business
  • Sole proprietorship
  • Social economy enterprise
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

This grant program is aimed at supporting entrepreneurial succession by providing assistance to entrepreneurs acquiring businesses in Quebec. It covers the costs associated with acquiring professional services needed during the business transition process.

  • Due diligence activities for determining the fair market value of a business.
  • Preparation of business acquisition agreements.
  • Professional fees for specialists such as accountants, lawyers, notaries, and HR specialists involved in business succession projects.

Eligibility

Who is eligible?

Entrepreneurs who have obtained financing from a Local Investment Fund (FLI) within a Regional County Municipality (MRC) or a municipality exercising the powers of an MRC and wish to acquire a legally constituted business in Quebec are eligible for this program. This program is open to family members, employees, external buyers, or collective takeovers. However, applicants must also be linked to a project with FLI support, and the business to be acquired must be legally constituted under Quebec or Canadian laws and have an establishment in Quebec. Non-incorporated buyers must be Canadian citizens or permanent residents. Solicitations for professionals conducting business verifications must come from specialists with the necessary expertise for business succession projects.

Eligible expenses

The grant supports covering specific expenses associated with the entrepreneurial transition process.

  • Due diligence to determine the fair market value of a business.
  • Preparation of the business transfer agreement.
  • Professional fees for specialists such as accountants, lawyers, notaries, and human resources specialists with expertise in business succession projects.

Eligible geographic areas

This grant is aimed at entrepreneurs looking to acquire legally constituted businesses located in Quebec. The focus is on fostering business succession within the province's various regional county municipalities (MRCs).

  • Companies located in Quebec.
  • Entities operating within a regional county municipality (MRC) in Quebec.

Additional information

Here are additional relevant details for this grant:

  • All available funds for the "Relève entreprise" program are currently reserved, but applicants can join a waiting list.
  • Funds will be allocated on a first-come, first-served basis as they become available.
  • The expenses for professional fees in a business succession project will be eligible for reimbursement if engaged before an official application submission, pending future approval.
  • Acknowledgment of receipt from FQM reserves funds for up to 4 months, extendable by 2 months, up to a total of 6 months.
  • Only one application per business will be processed; additional documentation cannot be submitted after the initial application is processed.

Frequently Asked Questions about the Rouyn-Noranda — FQM Business Succession Program Program

Here are answers to the most common questions about the Rouyn-Noranda — FQM Business Succession Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Rouyn-Noranda — FQM Business Succession Program?

The Relève entreprise program supports entrepreneurs in business transitions by providing up to $15,000 to cover 50% of costs for specialized services like due diligence, market value assessment, and acquisition agreement preparation. This funding is aimed at entrepreneurs acquiring Quebec-based businesses with support from local investment funds.

How much funding can be received?

Rouyn-Noranda — FQM Business Succession Program Funds up to 50% of admissible expenses, capped at $15,000 per project.

Who is eligible for the Rouyn-Noranda — FQM Business Succession Program program?

To be eligible for the Rouyn-Noranda — FQM Business Succession Program program, you must: The business to be acquired must be legally constituted under the laws of Quebec or Canada and have an establishment in Quebec. If the successor is not incorporated, they must be a Canadian citizen or permanent resident. The successor must be linked to a project financed by the Fonds local d'investissement (FLI) of the MRC or the municipality exercising MRC powers.

What expenses are eligible under Rouyn-Noranda — FQM Business Succession Program?

This grant program is aimed at supporting entrepreneurial succession by providing assistance to entrepreneurs acquiring businesses in Quebec. It covers the costs associated with acquiring professional services needed during the business transition process. Due diligence activities for determining the fair market value of a business. Preparation of business acquisition agreements. Professional fees for specialists such as accountants, lawyers, notaries, and HR specialists involved in business succession projects.

Where is the Rouyn-Noranda — FQM Business Succession Program available?

The Rouyn-Noranda — FQM Business Succession Program program is available Abitibi-Témiscamingue, Quebec.

Is the Rouyn-Noranda — FQM Business Succession Program a grant, loan, or tax credit?

Rouyn-Noranda — FQM Business Succession Program is a Grant and Funding

Who are the financial supporters of the Rouyn-Noranda — FQM Business Succession Program?

Rouyn-Noranda — FQM Business Succession Program is funded by City of Rouyn-Noranda

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