Closed
Source verified April 29, 2026
Innovation and Growth Fund in Social Economy
Revenue-based financing for social economy growth
Offered by
Funding available
$ 250,000
Deadline
Open continuously
Location
Montréal, Quebec, Canada
Overview
This program provides up to CAD 250,000 per company through revenue-based financing. It supports social economy businesses with growth and innovation projects, including working capital, hiring, and project rollout costs.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop strategic partnerships
- Increase social or community impact
- Attract or retain talent
Eligible Funding
- Maximum amount : 250,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Montréal
- Quebec
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Growth projects for existing social economy businesses
- Innovation projects with commercial potential
- Deployment of social economy enterprises
Documents Needed
- Completed eligibility form and signed declarations and consents
- Board resolution authorizing the signatory
- Business plan or project presentation with operational plan
- Monthly cash-flow forecast for 12 months and 5-year financial projections
- Recent financial statements and supporting incorporation documents
Eligibility
Who is eligible?
- Social economy enterprises
- Non-profit organizations
- Cooperatives
Eligible expenses
- Working capital needs
- Hiring internal or external staff
- Project rollout costs, including product or service improvement and commercialization
Eligible geographic areas
- Quebec
Selection criteria
- Potential for growth and/or innovation
- Relevance of revenue-based financing for the project
- Business size and project scope
- Projected revenues linked to the project
- Borrowing capacity of the organization
How to apply
- Step 1: Contact the RISQ team
- Validate the eligibility of the request.
- Step 2: Send the required documents
- Provide the documents requested to open the file.
- Step 3: Pay the opening fee
- Pay the CAD 300 opening fee upon receiving the invoice and offer letter.
- Step 4: File review
- The analyst reviews the file, discusses it, and may hold a meeting.
- A financial analyst report is prepared.
- Step 5: Investment decision
- The file is presented to the investment committee for a decision.
- If approved, sign the investment offer.
- Fulfill the required conditions before disbursement.
Processing and Agreement
- The file is reviewed by an analyst after submission.
- The application is presented to the investment committee.
- The committee may recommend approval, refusal, or changes to the board.
- If accepted, the company signs the investment offer.
- Funding is released after conditions are met, and follow-up continues until full repayment.
Additional information
- Additional documents may be requested to complete the review.
- The program uses a revenue-based financing model.
- Support is complementary to other social finance products.
- Funding decisions are based on the project’s growth and innovation potential.
Contacts
Frequently Asked Questions about the Innovation and Growth Fund in Social Economy Program
What is the Innovation and Growth Fund in Social Economy?
This program provides up to CAD 250,000 per company through revenue-based financing. It supports social economy businesses with growth and innovation projects, including working capital, hiring, and project rollout costs.
How much funding can be received?
Innovation and Growth Fund in Social Economy Funds up to $250,000 of admissible expenses.
Who is eligible for the Innovation and Growth Fund in Social Economy program?
To be eligible for the Innovation and Growth Fund in Social Economy program, you must:
Social economy business
Growth or innovation potential
Revenue-based financing needed
What expenses are eligible under Innovation and Growth Fund in Social Economy?
Growth projects for existing social economy businesses
Innovation projects with commercial potential
Deployment of social economy enterprises
Who can I contact for more information about the Innovation and Growth Fund in Social Economy?
You can contact Fonds RISQ (RISQ) by email at isabelle.cote@fonds-risq.qc.ca or by phone at 514-866-2355.
Where is the Innovation and Growth Fund in Social Economy available?
The Innovation and Growth Fund in Social Economy program is available Montréal, Quebec.
Is the Innovation and Growth Fund in Social Economy a grant, loan, or tax credit?
Innovation and Growth Fund in Social Economy is a Loans and Capital investments