Fund to stimulate international business tourism – Stream 3 - Support the implementation of incentives designed to attract international business events to Quebec
Québec, QC, Canada
Supports international business event tourism in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateMarch 01, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Arts, entertainment and recreation
- Accommodation and food services
grant_single|grantors
- Gouvernement du Québec
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds pour stimuler le tourisme d’affaires international (FSTAI) aims to enhance the attraction of international business events in Quebec by providing financial incentives, with up to $200,000 of non-repayable funding available per event. Eligible activities include organizing large-scale international business events in Quebec, promoting the economic and tourism value of regions, and maximizing the economic impact of business tourism.
grant_single_labels|projects
This grant supports projects aimed at bringing international business events to Quebec. The eligible activities must focus on ensuring that such events are confirmed and held within the province.
- Events must be hosted in Quebec.
- Events must be of international scale as per the definitions provided in the applicant guide.
- Projects must have events confirmed by March 31, 2026, and held by March 31, 2028.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's legal status and activities within the event sector in Quebec.
- The applicant must be a legally constituted entity in Quebec, either as a for-profit organization (OBL), a non-profit organization (OBNL), a cooperative, a municipal entity, or a recognized Indigenous community, nation, or organization.
- The applicant must be active in the event sector as an organizing, promoting, or destination management entity.
- Entities controlled directly or indirectly by the provincial or federal government, or those primarily owned by a crown corporation, are not eligible.
- Applicants under the Companies' Creditors Arrangement Act or the Bankruptcy and Insolvency Act are not eligible.
- Applicants listed in the Registry of Companies Ineligible for Public Contracts (RENA) are not eligible.
- Applicants that have failed to meet their obligations or have been formally notified of such in relation to previous financial assistance within the last two years are not eligible.
- Political parties are not eligible for this grant.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Fonds pour stimuler le tourisme d'affaires international (FSTAI) include: for-profit organizations (OBL); non-profit organizations (OBNL); cooperatives; municipal entities; recognized indigenous communities, nations, and organizations. The applicant must be legally constituted in Quebec and actively involved in the event sector, either as an organizing entity, promotion specialist, or destination management organization.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and entities due to their status or main activity. These restrictions ensure the grant supports legitimate entities that align with tourism and event objectives.
- Supplier companies and event agencies.
- Government ministries and departments at the provincial or federal level.
- Companies directly or indirectly controlled by a provincial or federal government.
- Companies majority-owned by a state-owned enterprise.
- Companies under protection of the Companies' Creditors Arrangement Act or the Bankruptcy and Insolvency Act.
- Companies registered in the Register of enterprises ineligible for public contracts (RENA).
- Companies that have failed to meet their obligations or have been duly notified for defaults in the past two years related to previous financial aid.
- Political parties.
grant_eligibility_criteria|zone
This grant is specifically for entities legally constituted in the province of Quebec. The eligibility is focused on ensuring that organizations are active within Quebec's boundaries to promote regional economic development through international events.
- Entities legally constituted in Quebec.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria to ensure alignment with the grant's objectives.
- Admissibility of the project.
- Quality of the application.
- Realism of the budget.
- Potential impact and benefits.
- Scope and potential reach.
- Potential for recurrence of the event.
- Alignment with the hosting destination's capacity.
- Promotion of Quebec's areas of excellence, innovation zones, industrial clusters, or high-potential tourism sectors such as nature tourism, Indigenous tourism, winter tourism, gourmet and agritourism, or premium tourism.
grant_single_labels|register
- Step 1: Review Eligibility Criteria
- Ensure your organization meets the eligibility criteria outlined on the grant page.
- Step 2: Study the Applicant's Guide
- Download and thoroughly read the Guide du demandeur to understand detailed application requirements.
- Step 3: Prepare Required Documents
- Complete the application form with accurate details.
- Gather confirmations of commitments from other levels of government if applicable.
- Step 4: Submit Application
- Send the completed application form and all required documents to the email address: fstai@tourismelaval.com.
- Ensure submission is within the open dates of the call for projects or if circumstances allow, submit at other times.
- Step 5: Await Evaluation
- Your application will be reviewed after the submission deadline by a management committee.
- Step 6: Receive Decision
- Receive a letter indicating either acceptance with the granted amount or refusal of the application.
- Step 7: Sign Agreement
- If accepted, sign a financial assistance agreement with Tourisme Laval.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The maximum aid per event is capped at $200,000, with an overall maximum of $2,000,000 per applicant entity for all projects funded under this grant.
- The support amount might be adjusted based on the availability of financial resources and the number of eligible applications received.
- The financial aid cannot be increased to cover cost overruns of approved projects.
- The financial contributions are non-repayable grants.
- Bonuses are calculated from the base amount allocated for the anticipated number of participants.
grant_single_labels|contact
fstai@tourismelaval.com
4385080830
Apply to this program
Enhancing Quebec's International Business Tourism
The Fonds pour stimuler le tourisme d’affaires international (FSTAI) is committed to attracting large-scale international business events to Quebec, offering financial incentives that encourage decision-makers to host their prestigious events within the province. This initiative aims to boost the economic vitality of various regions while spotlighting Quebec's industrial clusters and innovation zones on an international scale.
In-depth Understanding of the FSTAI's Strategic Approach
Quebec's Фund FSTAI is a strategic initiative designed to position the province as a prime destination for international business tourism. By providing non-repayable financial contributions to eligible entities, the fund aims to stimulate economic growth through the attraction of significant international events. The core focus of these incentives is to augment the region's economic landscape, leverage existing industrial strengths, and highlight Quebec's diverse tourism offerings, including nature, winter, indigenous, luxury, and gourmet tourism.
Eligible organizations, such as non-profit organizations, cooperatives, and recognized municipal entities, can apply for this fund, provided they are active in the event management sector. Projects qualifying for this fund must be internationally scaled events scheduled to take place in Quebec by March 31, 2028. The strategic distribution of funds not only covers the basic organization costs but also offers incentives for those contributing to regional transportation expenses for participants, further enhancing the feasibility and attractiveness of hosting events outside major urban centers.
The grant allocation follows a structured assessment process performed by the committee, which assesses applications based on the potential economic impact, alignment with regional development strategies, and the ability to elevate Quebec's international reputation. By doing so, the program ensures that funded projects contribute significantly to Quebec's economic ecosystem, driving sustainable regional and industrial growth by tapping into high-potential tourism niches.
Through this initiative, successful projects receive up to $200,000 per event, with a maximum cumulative support limit set at $2,000,000 per applicant. This flexible structure allows recipients to manage projects tailored to dynamic market needs, thereby fostering innovative solutions and sustainable economic ecosystems within Quebec. Additional bonuses are offered for international participant proportions, event placement outside Quebec City or Montreal, and connections to Quebec's excellence sectors or high-potential tourism areas, thereby aligning with broader economic and social objectives for the region.
The FSTAI not only represents a substantial investment in Quebec’s tourism and economic fabric but also illustrates a commitment to fostering a vibrant and diversified event hosting environment that can compete on a global scale. By aligning financial incentives with strategic regional and industrial interests, the FSTAI fund ensures a return on investment that extends beyond the immediate economic benefits, contributing to a robust foundation for future growth and development.
Overall, the FSTAI plays a pivotal role in setting a path for Quebec to become a leading destination for international business events, showcasing its unique cultural and industrial appeal while ensuring that economic benefits permeate throughout the province, supporting local businesses and communities in sustainable and innovative ways.