ID Gatineau — Economic Diversification Fund

• The funding provides a grant up to a maximum of $100,000.
• The financial aid takes the form of a non-repayable contribution.
• The grant covers up to 15% of the total project cost.
• For feasibility studies, a maximum of $25,000 is available.

• The project should favor the development and diversification of the economy and the creation of wealth in the Gatineau area.
• The applicant must demonstrate being in good financial health.
• Start-up businesses need to show good future prospects, profitability, and the ability to meet financial obligations.
• The financial assistance requested must be shown to be necessary.
• Projects that create undue competition or substitute state responsibilities are not eligible.
• Projects in saturated market sectors or those displacing jobs are ineligible.

Who is eligible?

• Technological companies
• Manufacturing industries
• Innovative enterprises
• Companies that export outside the region
• Social economy enterprises

Who is not eligible

• Projects aiming, in whole or in part, at activities in a saturated market sector.
• Projects that result in job displacement or create undue competition.
• Projects that substitute the responsibilities of the State.

Eligible expenses

• Costs related to improving productivity.
• Expenses for developing new markets.
• Fees for external specialized resources.
• Support expenses for implementing projects in Gatineau.
• Financial support for business recovery plans aiming to restore profitability.

Eligible geographic areas

• City of Gatineau

• Applicants are encouraged to communicate with the strategic advisor for guidance.
• An investment common committee (CIC), composed of members of Gatineau's business community, is responsible for evaluating financial aid requests.
• Government programs have limited budgets and are subject to investment policies.
• The Government of Canada and Investissement Québec can assist small businesses in securing loans by sharing risks with lenders.
• ID Gatineau is powered by the City of Gatineau, offering resources and expertise to accelerate business growth.
• Businesses are encouraged to contact ID Gatineau for assistance in finance sourcing and addressing specific business challenges.