How much funding can be received?

Funds up to 50% of admissible expenses, capped at $500000 per project.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the Group Entrepreneurship Capital Program?

Group Entrepreneurship Capital Program is funded by Investissement Québec (IQ)

What are Group Entrepreneurship Capital Program's eligibility criterias?

The enterprise must be a social economy business as defined under the Loi sur l’économie sociale (RLRQ, chapitre E-1.1.1) with over 40% of financial viability from autonomous revenues based on the latest fiscal year. The business must be registered, have a local establishment, and actively conduct operations in Quebec regardless of its founding law.

Group Entrepreneurship Capital Program

QC, Canada

Provide vital financial support to social economy enterprises for real estate projects, facilitating growth while limiting debt

grant_single|update January 24, 2025

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grant_single|openingDateAugust 9, 2024
grant_single|closingDateOctober 15, 2024
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Grant and Funding

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Investissement Québec (IQ)

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The Programme d’immobilisation en entrepreneuriat collectif (PIEC) aims to support social economy enterprises in Québec in their real estate projects, including renovation, construction, and acquisition of buildings, to enhance their business development and service offerings. Eligible projects must demonstrate necessity for economic activities and complementarity with other funding sources, with financial assistance covering up to 50% of the project's eligible expenses, up to a maximum of $500,000.

grant_single_labels|terms_and_conditions

This grant provides significant financial support to social economy enterprises for real estate projects, facilitating reduced financial strain and increased access to suitable facilities for their operations.

Non-repayable financial contribution.
Financial assistance covers up to 50% of eligible expenses, up to a maximum of $500,000.
Total government financial aid must not exceed 80% of the project's eligible expenses.

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This grant supports social economy enterprises in Quebec by financing real estate projects essential for economic development and collective missions. Eligible activities include renovations, constructions, and acquisitions tailored to business needs.

Renovation: Refurbishment, improvement, restoration, or upgrading of a building used for the production, sale, or service of goods and services.
Construction: Building, expanding, recycling, or reconstructing facilities dedicated to business operations.
Acquisition: Purchasing premises to enhance production or services offered by the enterprise.

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$ 100,000

Renovating a community center to enhance its services and sustainability features

$ 250,000

Acquiring a new building for a non-profit theater company to expand its outreach programs

$ 250,000

Acquisition of a building to establish a cooperative workspace for freelancers and small businesses

$ 85,000

Renovating an incubator space for local start-ups to enhance business services

$ 175,000

Constructing a new facility for a cooperative bakery to increase production capacity

$ 105,000

Expanding a non-profit daycare center to accommodate more children and increase accessibility

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Eligibility for this grant is determined by specific requirements related to the applicant's business structure and activities.

The applicant must be a social economy enterprise as defined under the Social Economy Act (RLRQ, chapitre E1.1.1).
The enterprise must have over 40% of its financial viability based on autonomous revenue in the last financial year.
For startups operating for less than 2 years, a business plan or project summary with financial projections for 24 months must demonstrate achieving the 40% revenue threshold by project completion.
The business must be registered in Quebec, have a permanent establishment, and actively conduct business in the province, irrespective of its constituting law (whether from Quebec or elsewhere).
Sectors ineligible for selection include financial and insurance services, animal services, and beverage outlets.
Non-eligible organization types include professional or employer associations, religious organizations, unions, chambers of commerce, political parties, public and private foundations, trusts, sports teams, student associations, and private educational institutions at any level.

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Social economy enterprises that derive at least 40% of their financial sustainability from autonomous revenue generated from their economic activities within the last fiscal year are eligible to apply for the Programme d’immobilisation en entrepreneuriat collectif (PIEC). These enterprises must be registered in Quebec, have an establishment, and actively conduct operations in the region, regardless of their constituting law (from Quebec or elsewhere). For start-up enterprises operational for less than two years, they must provide a business plan or project summary and financial projections over 24 months to demonstrate that this 40% threshold will be reached by the end of the project.

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This grant excludes specific types of organizations and sectors due to their status or main activity, ensuring funding alignment with the program's objectives.

Professional and employer groupings.
Religious organizations.
Labor unions.
Chambers of commerce.
Political parties.
Public and private foundations as defined by the Income Tax Act of Canada.
Trusts.
Sports teams.
Student associations.
Private primary, secondary, and postsecondary educational institutions.

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The grant focuses on the support of real estate projects that advance the economic activities and missions of social economy enterprises. These projects aim to provide buildings better suited to the needs of these enterprises without increasing their debt burden.

Renovation: Refurbishing, improving, restoring or bringing buildings up to code for the production, sale, or provision of goods and services.
Construction: Building, expanding, recycling, or reconstructing premises for economic production, sales, or service delivery.
Acquisition: Purchasing buildings used for economic production, sales, or service delivery.

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This grant is available to companies that are registered and have an establishment actively operating in Quebec, as stipulated in the eligibility criteria mentioned.

Companies must be registered within the province of Quebec, Canada.

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Yes, there are evaluation and selection criteria for this grant. The criteria ensure that the projects align with the program's objectives and demonstrate financial and operational viability.

Compliance with the definition of a social economy enterprise under the Law on Social Economy (RLRQ, chapter E1.1.1).
Financial viability relying on at least 40% of autonomous income from economic activities in the last financial year.
Immatriculation and active establishment in Quebec.
A viable business plan or project summary with financial forecasts for 24 months (for startups).
Projects addressing necessary developments for the economic activities and collective mission.
Complementary financial assistance with other partners and available funding sources.
Adherence to restrictions on non-eligible project types like housing, healthcare accommodations, and exclusive animal facilities.

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The Programme d’immobilisation en entrepreneuriat collectif (PIEC) provides financial support to social economy enterprises for real estate projects, aiming to limit debt and enhance access to financing.

The PIEC is part of the 2020-2025 Government Action Plan for the Social Economy.
All sectors except financial services, animal services, and beverage services are eligible.
Evaluation includes necessity for economic activity development and complementary financial support.
Applications must be submitted between August 9 and October 15, 2024.
Potential applicants are advised to contact an expert before application submission to preliminarily confirm eligibility.
A PIEC financial aid cannot be combined with other MEIE program aids for the same project.
Application portal requires a clicSÉQUR – Entreprises account, and registration may take up to four weeks.
The maximum financial aid is up to 50% of admissible expenses, capped at CAD 500,000.
State financial viability must be more than 40% derived from autonomous activities in the past financial year.