Closed
Last Update: May 23, 2026
Funding available
$ 5,000
Timeline
- Receipt of requests is now closed
Location
Quebec, Canada
Overview
This program supports business succession by funding specialized services linked to the transfer of a company. It can cover up to $5,000 per beneficiary before taxes for eligible services.
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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 : 5,000 $
- Up to 50% of project cost
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- All industries
Location
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Funding for specialized services supporting business succession and transfer projects
Documents Needed
- Completed and signed application form
- Proof of FLI financing for the project
- Supporting documents for the business succession transaction
Eligibility
Who is eligible?
- Entrepreneurs financed by a local investment fund (FLI)
- Family members, employees, external buyers, and collective succession groups
Who is not eligible
- Applicants whose succession project is not financed by a local investment fund
- Businesses not legally incorporated in Quebec or Canada
Eligible expenses
- Due diligence to determine the fair market value of a business
- Preparation of the business transfer agreement
- Professional fees for succession specialists such as accountants, lawyers, notaries, and HR experts
Ineligible Costs and Activities
- Expenses incurred before the application is submitted
Eligible geographic areas
- Quebec
Selection criteria
- The business to be acquired must be legally incorporated under Quebec or Canadian law and have an establishment in Quebec.
- If the successor is not incorporated, they must be a Canadian citizen or permanent resident.
- The project must already be financed by the local investment fund.
- The selected professional must have the expertise required for a business succession project.
How to apply
- Step 1: Complete the application form
- Provide the information requested for the financial aid application.
- Step 2: Submit the request through the MRC or municipal development service
- Send the application using the process provided by your local MRC or municipality.
- Step 3: Await the decision and payment
- The MRC or delegated organization pays the authorized amount according to the program terms.
Processing and Agreement
- Applications are reviewed by the local MRC or delegated organization.
- The funded amount is authorized by the FQM and then paid to the supported promoter.
Additional information
- The program is delivered by the FQM.
- The aid is paid by the MRC or delegated organization to the supported promoter under the expected terms.
Frequently Asked Questions about the Funding for the next generation Program
What is the Funding for the next generation?
This program supports business succession by funding specialized services linked to the transfer of a company. It can cover up to $5,000 per beneficiary before taxes for eligible services.
How much funding can be received?
Funding for the next generation Funds up to 50% of admissible expenses, capped at $5,000 per project.
Who is eligible for the Funding for the next generation program?
To be eligible for the Funding for the next generation program, you must:
Linked to FLI financing
Quebec-incorporated target business
What expenses are eligible under Funding for the next generation?
Funding for specialized services supporting business succession and transfer projects
Who can I contact for more information about the Funding for the next generation?
You can contact CLD Rouyn-Noranda (CLDRN).
Where is the Funding for the next generation available?
The Funding for the next generation program is available the province of Quebec.
Is the Funding for the next generation a grant, loan, or tax credit?
Funding for the next generation is a Grant and Funding