Group Entrepreneurship Capital Program

Q: How much funding can be received?

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

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the Group Entrepreneurship Capital Program a grant, loan, or tax credit?

Group Entrepreneurship Capital Program is a Grant and Funding

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

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

Q: Who is eligible for the Group Entrepreneurship Capital Program program?

To be eligible for the Group Entrepreneurship Capital Program program, you must: • The applicant must be a social economy enterprise registered in Quebec. • Financial viability must rely on over 40% self-generated revenues from economic activities. • Active business operations and physical presence in Quebec are required.

Q: Who can I contact for more information about the Group Entrepreneurship Capital Program?

You can contact Investissement Québec (IQ) by email at integrationdesarts@mcc.gouv.qc.ca or by phone at 1-844-474-6367.

Q: Where is the Group Entrepreneurship Capital Program available?

The Group Entrepreneurship Capital Program program is available the province of QC.

Q: Are startups eligible for the Group Entrepreneurship Capital Program program?

Yes, startups are eligible to apply for the Group Entrepreneurship Capital Program program.

Last Update: July 22, 2025

QC, Canada

Funding for social enterprises’ building renovation, construction, or acquisition

At a glance

Eligible Funding

Max. $500,000
Up to 50% of project cost

Timeline

Open Date : August 9, 2024
Closing date : October 15, 2024

Financing Type

Grant and Funding

Eligible Industries

Finance and insurance
Health care and social assistance
Other services (except public administration)
Public administration

Funds Providers

Unspecified

Program status

Closed

Overview

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.

Financing terms and conditions

Non-repayable financial contribution covering up to 50% of eligible project expenses.
Maximum funding per project is $500,000.
Total government financial assistance for the project must not exceed 80% of eligible expenses.
Equipment purchase and installation costs can represent up to 40% of total eligible costs.

Activities funded

Renovating, improving, restoring, or updating buildings used for the production, sale, or delivery of goods and services.
Constructing, expanding, recycling, or rebuilding buildings used for business operations or service delivery.
Acquiring buildings to support the growth and development of business activities and collective missions.

Examples of admissible projects:

$ 100,000

Renovating a community center to enhance its services and sustainability features

$ 250,000

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

$ 250,000

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

$ 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

Eligibility

The applicant must be a social economy enterprise as defined by Quebec law, with more than 40% of its financial viability based on autonomous revenues from economic activities in the last fiscal year.
The enterprise must be registered in Quebec, have an establishment in Quebec, and actively conduct activities there, regardless of its jurisdiction of incorporation.
For start-ups in operation for less than two years, a business plan or project summary with 24-month financial forecasts must demonstrate that the 40% autonomous revenue threshold will be reached by project completion.
The project must involve the renovation, construction, or acquisition of a building necessary for the enterprise’s economic development and collective mission.
The financial assistance must be complementary to existing funding from other partners and sources.

Who is eligible?

Social economy enterprises as defined by the Loi sur l’économie sociale (RLRQ, chapitre E1.1.1)
Organizations from all sectors except excluded industries (such as financial and insurance services, animal services, bars, etc.)

Who is not eligible

Professional associations.
Employers' associations.
Religious organizations.
Labor unions.
Chambers of commerce.
Political parties.
Public and private foundations as defined by the Canadian Income Tax Act.
Trusts.
Sports teams.
Student associations.
Private primary, secondary, and post-secondary educational institutions.
Companies in the following sectors: financial and insurance services, animal services, and beverage service (with specific restrictions for alcohol-producing collectives).

Eligible expenses

Costs for upgrading, expanding, renovating, constructing, or acquiring buildings.
Land acquisition costs for new building construction projects.
Preparatory studies (such as environmental or soil analyses).
Professional fees (architecture, engineering, surveying, notary, or specialized firms for asbestos and material inspection).
Purchase and installation of equipment (up to 40% of total eligible costs).
Costs related to eco-construction (such as geothermal installation).
Costs for integrating art into building architecture, as per public policy requirements.
Construction contingencies, indexation costs, remoteness factors, and risk reserves.

Eligible geographic areas

Quebec

How to apply

Confirm eligibility with an expert

Contact an expert at 1 844 474-6367 to confirm project and organization eligibility
Understand that this confirmation is preliminary and not an approval of funding

Prepare necessary documentation

Consult the application presentation guide for instructions
Identify all supporting documents required for your application

Register for online access

Ensure your business has a clicSÉQUR – Entreprises account
Register for services with the Ministry if not already done
Allow up to four weeks for account creation if needed

Complete and upload application form

Complete the online financial assistance application form via clicSÉQUR
Attach all required documents (corporate bylaws, financial statements, business plan if applicable, annual report, budget forecasts, estimates for planned work, lease agreement if relevant, and other mandatory documents)

Submit application within deadline

Submit your completed application between August 9 and October 15, 2024
No applications accepted before or after this period

Additional information

The submission period for new applications was from August 9 to October 15, 2024; no new applications can be submitted outside this timeframe.
The programme is under renewal following its closure on March 31, 2025.
Only one application may be submitted per project, and duplicate submissions to multiple related programs are not permitted; applicants must select the relevant program based on eligibility.
For projects eligible under the Policy for the Integration of Arts into Architecture, proof of compliance must be included with required documentation for final disbursement.

Contacts

integrationdesarts@mcc.gouv.qc.ca

1-844-474-6367

Apply to this program

Frequently Asked Questions about the Group Entrepreneurship Capital Program Program

Here are answers to the most common questions about the Group Entrepreneurship Capital 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.