grant_single_labels_website|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|openingDate November 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Information and cultural industries
  • Arts, entertainment and recreation
grant_single|grantors
  • Société de développement des entreprises culturelles (SODEC)
  • Gouvernement du Québec
grant_single|status
grant_card_status|open

grant_single_labels_website|preview

Loans, loan guarantees and capital investments for cultural businesses, as well as tax credit advances for film, books, sound productions and shows.

grant_single_labels_website|projects

This grant is specific to companies having their headquarters in a particular geographical area. Eligibility is determined by the company's location and operational base.
  • Companies with their headquarters located in Quebec, Canada.
grant_single|admissibleProjectsExample

$ 45,000

Digital upgrade for an independent film studio

$ 80,000

Expansion of a local bookstore chain

$ 60,000

Development of an online platform for a cultural event company

$ 40,000

Supporting digital content creation for a non-profit arts organization

$ 25,000

Succession planning for a family-owned theater company

$ 65,000

Reinforcement of Quebec ownership of a music production company

grant_single_labels_website|admissibility

Eligibility for this grant is determined by specific requirements regarding the company's legal status, location, and operational history.
  • The company must be legally constituted, either as a for-profit or non-profit, excluding individual enterprises, except those in the field of crafts.
  • The company must have its headquarters in Quebec, with effective control majority-held by individuals residing in Quebec.
  • The company must have been in operation for at least one year or operate in new and non-competing sectors.
  • The company must assume financial risk related to the operations for which financing is requested.
  • The company must possess the necessary human and financial resources to meet all financial obligations, including loan repayment according to SODEC's conditions.

grant_eligibility_criteria|who_can_apply

Any legally constituted for-profit or non-profit enterprises, except sole proprietorships unless in the field of crafts, which have their headquarters in Quebec and demonstrate that effective control is held by persons domiciled in Quebec. They must have been operational for at least one year or be operating in a new and non-competitive niche. The company must be willing to assume financial risk in the operations requiring financing and possess the necessary human and financial resources to meet all financial obligations, including loan repayment under the conditions set by SODEC.

grant_eligibility_criteria|who_cannot_apply

This grant excludes specific types of companies based on their legal status or primary operational structure. These restrictions are designed to align the grant support with the broader objectives of fostering certain business types.
  • Individual enterprises, except those in the artisanal sector, are not eligible.

grant_eligibility_criteria|eligible_expenses

This program aims to support the financial needs of Quebec-based cultural enterprises through various financing tools. The eligible activities focus on business development, digital transformation, and ensuring the sustainability of Quebec-owned cultural businesses.
  • Supporting the development of overall business activities.
  • Enabling the realization of their expansion potential.
  • Ensuring business sustainability through succession planning or business transfer.
  • Strengthening and maintaining Quebec ownership.
  • Providing financing for impactful projects.
  • Supporting digital development initiatives.

grant_eligibility_criteria|zone

The eligible geographic zone for this grant is Quebec, Canada.
  • Headquarters must be in Quebec.
  • Business control must be majorly held by individuals domiciled in Quebec.

grant_single_labels_website|criteria

Yes, there are evaluation and selection criteria for this grant from the SODEC. The criteria ensure that only established cultural enterprises with a strong Quebec ownership and financial stability are considered for funding.
  • Legally constituted enterprise (for-profit or non-profit)
  • Headquarters in Quebec with majority ownership by Quebec residents
  • Operational for at least one year or operating in a new, competition-free niche
  • Assumption of financial risk for the operations in the funding request
  • Possesses necessary human and financial resources to meet financial obligations, including loan repayment

grant_single_labels_website|apply

1
Consultation of the financial policy
Consult the financial policy to be informed of the eligibility criteria.
2
Registration for SOD@ccès
  • Create your user profile if you are a new user on the SOD@ccès portal.
  • If you already have a profile, enter your access codes to log in.
3
Program Selection
Select the program corresponding to your request, number 60-34-00.
4
Preparation of the documentation
  • Download the template for the application presentation.
  • Complete the statement of the applying company.
  • Provide the personal balance sheet.
  • Prepare any relevant documents according to the program requirements.
5
Filling out the application form
  • Fill out the application form on SOD@ccès.
  • Check all the information entered to ensure its accuracy.
6
Submission of the request
  • Upload all required documents on SOD@ccès.
  • Submit the completed application.
7
Setting up payment services
  • Fill out and return the pre-authorized debit (PAD) form accompanied by a voided check marked "Canceled".
  • Fill out and return the pre-authorized payment (PAP) form accompanied by a voided check marked "Canceled", if applicable to receive payments from SODEC.

grant_single_labels_website|otherInfo

The Société de développement des entreprises culturelles (SODEC) offers various financial instruments to support cultural enterprises in Quebec.
  • SODEC provides a preferential interest rate, which as of July is 6.95%.
  • The financing options available include term loans, revolving credit, loan guarantees, and in exceptional cases, project investment and equity stake.
  • It emphasizes maintaining Quebec ownership and supporting business succession or transfer processes.
  • SODEC offers interim financing for tax credits as part of their financial services.
  • Applicants can automate their payment processes with SODEC via pre-authorized debit or credit through dedicated forms.
  • Businesses are encouraged to read articles about cultural entrepreneurship on their platform for further insights and inspiration.

grant_single_labels_website|documents

Investment Banking — Corporate Finance

grant_single_labels_website|contact

services.financiers@sodec.gouv.qc.ca

Apply to this program

More grants like this

Export and cultural visibility support program
Grant and Fundinggrant_card_status|open
Quebec, Canada
Financing for Quebec cultural exports
SODEC — Support for strategic projects
Grant and Fundinggrant_card_status|open
Quebec, Canada
Supports strategic cultural projects for Quebec industry's competitiveness
SODEC — Support for promotion and distribution
Grant and Fundinggrant_card_status|open
Quebec, Canada
Promotes and distributes Quebecois and underrepresented foreign films
REGI — Business Scale-up and Productivity — CED (QC) — Not-for-profit
Grant and Fundinggrant_card_status|open
Quebec, Canada
Funding for business innovation and growth through CERI program
Music management and publishing assistance
Grant and Fundinggrant_card_status|open
Quebec, Canada
Supports Quebec music managers and publishers in career development
SODEC — Support for book and publishing companies – Component 1
Grant and Fundinggrant_card_status|closed
Quebec, Canada
Support for Quebec book and publishing companies
Canada Book Fund Publishers Business Development —  Business Planning
Grant and Fundinggrant_card_status|open
Quebec, Canada
Funding for book publisher business planning
Tax Credit for the Digital Transformation of the Print Media
Tax Creditsgrant_card_status|open
Quebec, Canada
Supports digital transformation initiatives for Quebec print media organizations
Zú program — Incubation
Partnering and CollaborationExpert Advicegrant_card_status|open
Quebec, Canada

Zú program — Incubation

Business growth through strategic mentoring and exclusive resources
Canada Periodical Fund  — Aid to Publishers
Grant and Fundinggrant_card_status|closed
Quebec, Canada
Funding for periodical publishers