Investment Banking — Corporate Finance
At a glance
- No Condition
- Open Date : November 14, 2019
- All industries
- Gouvernement du Québec
Overview
Eligibility criteria
Eligibility Criteria: SODEC provides financial support to culturally oriented businesses in Quebec. To be eligible, a company must be legally constituted, headquartered in Quebec, operational for at least a year, demonstrate financial resources to meet obligations, and assume financial risk in the operations.
- Be a legally constituted company (for-profit or non-profit, excluding sole proprietorships, except in the field of arts and crafts).
- Have its headquarters in Quebec and show that effective control of the company is mostly held by individuals domiciled in Quebec.
- Operate for at least one year or be in new, non-competitive sectors.
- Assume financial risks in the operations for which funding is requested.
- Possess the necessary human and financial resources to meet all financial obligations, including repayment of the requested loan, according to SODEC's conditions.
Who is eligible
Eligible companies for this grant must be legally constituted, for-profit or non-profit entities (excluding sole proprietorships), have their headquarters in Quebec, demonstrate majority control by individuals domiciled in Quebec, operate for at least one year, assume financial risk, and have the necessary resources to meet financial obligations.
- Legally constituted for-profit or non-profit entities (excluding sole proprietorships)
- Headquartered in Quebec
- Demonstrate majority control by individuals domiciled in Quebec
- Operate for at least one year
- Assume financial risk
- Possess resources to meet financial obligations
Who is not eligible
Some types of companies may not be eligible for this grant. To qualify for funding from SODEC, companies must meet the following criteria:
- Must be a legally constituted company, for-profit or non-profit, excluding sole proprietorships, except in the field of arts and crafts.
- Must have headquarters in Quebec and demonstrate that effective control of the company is mostly held by individuals residing in Quebec.
- Must have been in operation for at least one year or operate in new and non-competitive niches.
- Must take a financial risk in the operations for which funding is sought.
- Must have the necessary human and financial resources to meet all financial obligations, including repayment of the requested loan.
Eligible expenses
Eligible expenses for this grant may include operational costs, expansion projects, digital development, and other strategic investments in cultural enterprises. Key eligible expenses are:
- Operational expenses
- Expansion projects
- Digital development initiatives
- Strategic investments in cultural enterprises
Eligible projects & activities
The grant supports a variety of projects and activities in the cultural industry in Quebec. Eligible projects include supporting business development, facilitating expansion, ensuring sustainability through succession planning, reinforcing Quebec ownership, financing promising projects, and supporting digital development.
- Business development
- Expansion projects
- Succession planning
- Reinforcing Quebec ownership
- Financing promising projects
- Digital development initiatives
Evaluation & selection criteria
There are evaluation and selection criteria for this grant. The criteria include:
- Being a legally constituted for-profit or non-profit enterprise
- Holding the majority of effective control in Quebec
- Operating for at least one year or in new niche markets
- Assuming financial risk in the operations
- Possessing the necessary human and financial resources to meet obligations
How to apply
- Step 1: Review eligibility criteria and financial policy
- Content: Before applying, review the eligibility requirements outlined in the financial policy to ensure your company meets the necessary criteria.
- Implications: Understanding the criteria will help determine if your business qualifies for funding from the SODEC.
- Step 2: Submit application through SOD@ccès portal
- Content: Access the secure electronic portal SOD@ccès to submit your application. Create a user profile or log in with existing credentials, select the appropriate program (program number 60-34-00), fill out the application form, and upload the required documents.
- Implications: Only applications submitted through the SOD@ccès portal will be considered for funding. Make sure to follow the guidelines for document submission.
- Step 3: Await review and decision
- Content: After submitting your application, wait for the SODEC to review and assess your request for financing.
- Implications: The decision on your application will determine whether your company will receive financial support from the SODEC.
