How much funding can be received?

Funds up to 250000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Duo grand V?

Duo grand V is funded by Investissement Québec (IQ)

What are Duo grand V's eligibility criterias?

The company must be funded by Investissement Québec as part of the grand V duo. The company must not operate in non-eligible sectors, such as healthcare staffing agencies, accounting firms, and certain other specified sectors. The projects must include the acquisition or development of innovative technologies, or the adoption of eco-responsible practices.

Duo grand V

Last Update: May 4, 2025

QC, Canada

Flexible funding and tech support for sustainable innovation projects

Duo grand V at a glance

Eligible Funding

From $250,000 to $250,000

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Manufacturing
Information and cultural industries
Professional, scientific and technical services
Administrative and support, waste management and remediation services

Grant Providers

Investissement Québec (IQ)

Status

Open

Overview of the Duo grand V program

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.

Financing terms and conditions

Term loan with a minimum amount of $250,000.
Up to 48 months of capital repayment deferral, with no impact on the interest rate.
Up to 100 hours of technological support for eligible mandates valued at $20,000 or more, with hours allocated proportionally to mandate value.
No fees charged for loan application assessment.

Eligible projects & activities

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.

Examples of admissible projects:

$ 250,000

Implementation of automated hydroponic vegetable farming

$ 250,000

Robotic automation of sustainable textile manufacturing process

$ 250,000

Development of an eco-friendly smart packaging solution

Eligibility criteria of the Duo grand V program

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.

Who is eligible?

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.

Who is not eligible

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).

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.

How to apply to the Duo grand V program

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.
Indicate the name of your company and the business sector.
Select the desired grand V product (Duo grand V, Solo financing, Solo support, I don't know).
Describe your needs or objectives related to the project (optional, without sharing personal or confidential information).

Sending of the request

Submit the duly completed form via the online platform of Investissement Québec.

Additional information

The number of technological support hours is allocated in proportion to the value of each eligible mandate.
Technological accompaniment must be activated within one year of funding authorization.
Investissement Québec reserves the right to terminate the offer without notice.
No analysis fees are charged for financing applications under this program.