Duo grand V
QC, Canada
Flexible funding and tech support for sustainable innovation projects
grant_single|update March 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
grant_single|grantors
- Investissement Québec (IQ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
The duo grand V program offers a flexible loan of at least $250,000 to foster innovation and sustainable productivity, focusing on activities like adopting innovative technologies and eco-responsible practices. Eligible projects include the development of technologies, significant product improvement, and modernization efforts.
grant_single_labels|terms_and_conditions
- Minimum loan amount of $250,000.
- Up to 48 months moratorium on capital repayment, with no impact on the interest rate.
- No analysis fees for the financing application.
- Eligibility for projects, loans, and conditions subject to authorization within the duo grand V framework.
- Loans granted under syndication agreements or subordinate financing are not eligible.
- Accompaniment available for a maximum of 100 hours with innovation experts, applicable to professional fees for eligible technological support mandates valued at a minimum of $20,000.
- Technological accompaniment hours offered to financed companies by Investissement Québec under the duo grand V must not exceed a one-year delay from financing authorization to mandate approval.
grant_single_labels|projects
- Acquisition, implementation, and/or development of innovative technologies (clean, digital, automated, and robotic technologies).
- Research and development activities aimed at significant improvement or development of an innovative product, technology, or equipment.
- Acquisition and/or modernization of buildings aimed at realizing the innovative project.
- Adoption of eco-responsible and/or innovative practices.
- Innovation approach towards the adoption of innovative technologies and eco-responsible practices (includes study fees, consultancy, and experts).
- Identification, selection, and implementation of innovative technologies.
- Project of enlargement, reconfiguration, or implementation of a factory.
- Development and/or implementation of a new industrial process.
- Technological implementation or adoption of practices aimed at reducing the environmental impact of the company and improving profitability (new markets, residue valorization, resource optimization).
- Development of a new product or improvement of an existing product to increase competitiveness and/or improve productivity.
grant_single|admissibleProjectsExample
$ 250,000
Development of an eco-friendly smart packaging solution
$ 250,000
Implementation of automated hydroponic vegetable farming
$ 250,000
Robotic automation of sustainable textile manufacturing process
grant_single_labels|admissibility
- The project must involve the acquisition, implementation, or development of innovative technologies such as clean, digital, automated, and robotic technologies.
- The project can involve research and development activities aiming at significant product, technology, or equipment innovation.
- The project can include real estate acquisition or modernization aimed at achieving innovative project goals.
- The project can focus on adopting eco-friendly and innovative practices.
- Services include identification, selection, and implementation of innovative technologies, industrial process development, or new product development to enhance competitiveness or productivity.
- Eligible sectors exclude personnel placement in health, accounting firms, cryptocurrency, finance and insurance, real estate (land subdivision), public relations and media services (except advertising agencies), and legal services.
- Sectors with restrictions include agriculture, fishing, cannabis, hemp, private medical clinics, owner-occupied real estate, tourism, and business-to-consumer sales, including retail.
grant_eligibility_criteria|who_can_apply
- All sectors of activity except health personnel placement agencies, accounting firms, cryptocurrency, finance and insurance, real estate (land development), public relations and media services (except advertising agencies), and legal services.
- Certain sectors subject to restrictions: agriculture (unless not eligible for La Financière agricole du Québec programs), fishing, cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, and direct-to-consumer sales (B2C), including retail.
grant_eligibility_criteria|who_cannot_apply
- Agencies for health personnel placement.
- Accounting firms.
- Cryptocurrency businesses.
- Finance and insurance sectors.
- Real estate (land subdivision).
- Public relations and media services (excluding advertising agencies).
- Legal services.
- Agriculture and fishing sectors (subject to restrictions).
- Cannabis and industrial hemp industries.
- Private medical clinics.
- Owner-occupied real estate.
- Tourism and direct-to-consumer sales (including retail).
grant_eligibility_criteria|eligible_expenses
- Acquisition, implementation, or development of innovative technologies including clean, digital, automated and robotic technologies.
- Research and Development activities aimed at significant improvement or development of a product, technology, or innovative equipment.
- Acquisition or modernization of real estate properties for the purpose of the innovative project.
- Adoption of eco-friendly and innovative practices, including study, consultation and expert fees.
- Technological implantation or practice adoption to reduce environmental impact and improve profitability, including new market opportunities, residue valorization, and resource utilization optimization.
- Development of a new product or improvement of an existing product to enhance competitiveness or productivity.
grant_single_labels|register
- Step 1: Fill out the contact form
- Access the contact form on the Investissement Québec website.
- Enter your first name, last name, professional email, and phone number.
- Specify your company's name and the industry sector.
- Select the desired grand V product (Duo grand V, Solo financing, Solo support, I don't know).
- Describe your needs or goals related to the project (optional, without sharing personal or confidential information).
- Step 2: Sending the application
- Submit the duly completed form via the online platform of Investissement Québec.
grant_single_labels|otherInfo
- There are no application analysis fees for the funding file.
- The maximum duration for a capital repayment moratorium is 48 months, with no impact on the interest rate.
- Up to 100 hours of technological support are offered with experts in innovation, applicable on professional fees of eligible technological support mandates valued at a minimum of $20,000.
- The number of hours offered is determined in proportion to the value of the mandate.
- There is a condition that the delay between financing authorization and the support mandate should not exceed one year.
- Investissement Québec reserves the right to terminate the financing and technological support offer of the duo grand V without prior notice.
