ID Gatineau — Economic Diversification Fund
Last Update: March 3, 2025
Gatineau, QC
Supports business projects in Gatineau focusing on innovation
ID Gatineau — Economic Diversification Fund at a glance
Eligible Funding
- Max. $100,000
- Up to 15% of project cost
Timeline
- Continuous Intakes
Financing Type
Grant and Funding
Eligible Industries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
Grant Providers
- ID Gatineau
Status
Open
Overview of the ID Gatineau — Economic Diversification Fund program
The ID Gatineau Economic Diversification Fund offers a non-repayable contribution, with a maximum funding amount of $100,000, aimed at supporting projects that enhance economic development and diversification in Gatineau. Eligible activities include business establishment projects, strategic infrastructure projects, innovative ecosystem development, and activities promoting Gatineau's visibility.
Financing terms and conditions
- 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.
Eligible projects & activities
- Projects for the implantation of businesses that foster the creation of wealth.
- Strategic infrastructure projects.
- Projects for the development of the innovative ecosystem.
- Initiatives that highlight the city of Gatineau.
Eligibility criteria of the ID Gatineau — Economic Diversification Fund program
- 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
Additional information
- 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.
Contact ID Gatineau
819 595-8002