Closed
Source verified August 1, 2026
Investment Preparation Program (ipp)
Investment readiness support for Quebec organizations
Funding available
$ 10,000 - $ 100,000
Deadline
Closed
Location
Canada
Who can apply
Non-profit organizations incorporated under Part III of the Quebec Companies Act, Part II of the Canada Corporations Act, or the Canada Not-for-profit Corporations Act
See full eligibility
Overview
The Investment Preparation Program (IPP) supports Quebec-based social-purpose organizations with non-repayable funding of up to 100,000 dollars to prepare for loan financing and investment. It can fund specialized support, professional studies, internal staff, prototypes, market outreach, technology, and project development costs.
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At a glance
Funding available
Financing goals
- Strengthen organizational capacity
- Launch or market a product/service
Eligible Funding
- Maximum amount : 100,000 $
- Minimum amount : 10,000 $
- Up to 80% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Black Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Preparing an organization to access loan financing
- Market analysis, market research, and feasibility work
- Business plan, development plan, and commercial planning work
- Developing new products or services
- Acquiring technical expertise
Documents Needed
- Support letter(s) from one or more stakeholders
- Latest annual financial statements, the most recent interim financial statements, and projected income statements
- Board resolution authorizing the funding application
- Proof of financial partnerships and the remaining 20% contribution
- Articles of incorporation, internal rules or by-laws, partnership agreement or shareholders’ agreement as applicable, plus the business plan, studies, detailed consultant service offer, or any other relevant document if applicable
Eligibility
Who is eligible?
- Non-profit organizations incorporated under Part III of the Quebec Companies Act, Part II of the Canada Corporations Act, or the Canada Not-for-profit Corporations Act
- Cooperatives, including consumer, producer, worker, worker-shareholder with a majority buyback plan, and solidarity co-operatives
- Mutuals
- Private for-profit businesses with a social and/or environmental mission
- Private for-profit businesses with a social and/or environmental mission where an organization or a co-operative holds and maintains the majority of voting shares
Who is not eligible
- Organizations where a government or minister appoints the majority of board members
- Organizations subject to the Public Service Act or that are essentially part of the state
- Support organizations and sectoral networks, unless they lead structuring projects above 100,000 dollars
- Organizations whose activities are controversial in whole or in part and that it would be unreasonable to associate with the Chantier de l’économie sociale, including arms production or sales, sexual, discriminatory or degrading goods and services, illicit activities, or partisan, sexual, or religious projects
- Sole proprietorships, general partnerships or share corporations limited to socially responsible activity and/or charitable donations, and cost-center organizations
Eligible expenses
- Specialized support services from a qualified external professional, including tailored support, incubators, and accelerators
- Professional studies from a qualified external professional, including organizational diagnosis, market studies, technical studies, business plans, development plans, financial forecasts, and related work
- Internal human resources essential to the project
- Prototypes, market tests, travel, representation, and expenses related to responding to calls for tenders
- Project development costs, R&D, local rental, IT equipment, telecommunications, supplies, operating expenses directly related to the project, and technology, software, patents, and related costs
Ineligible Costs and Activities
- Taxes (TPS and/or TVQ) and tax credits receivable
- Expenses already financed by government funds, and expenses not related to the project
- General fundraising campaigns and endowment funds
- Partisan political, sexual, or religious projects or activities
- Rent, mortgage or other location costs, expenses incurred before project start or after the program end, current operating costs, and projects outside Canada
Eligible geographic areas
- Quebec
Selection criteria
- Social utility (50%): mission, response to a need, impact on the community, and territorial and sectoral anchoring.
- Organization profile and governance (25%): innovative business model, effective operations, qualified human resources, and integration of the three pillars of sustainable development.
- Finances (25%): project quality, financial viability, financial structuring, and quality of forecasts.
How to apply
- Read the full dépôt guide carefully before submitting.
- Submit the online form with the required documents.
- For requests below 100,000 dollars, applications can be submitted at any time and are reviewed continuously from 7 November 2022 until funds are exhausted.
- For requests between 100,000 and 250,000 dollars, submit the preliminary form and a letter of intent by 15 December 2022.
- If the preliminary review is positive, submit the complete application within four weeks.
Processing and Agreement
- Files are first reviewed for admissibility.
- Eligible files are then analyzed.
- If the decision is positive, a financing agreement is sent with the financing conditions and disbursement schedule.
- For requests between 100,000 and 250,000 dollars, the council completes a preliminary validation before the full application stage.
Additional information
- The program was delivered through readiness-support partners, specialized service providers, and ecosystem builders.
Frequently Asked Questions about the Investment Preparation Program (ipp) Program
What is the Investment Preparation Program (ipp)?
The Investment Preparation Program (IPP) supports Quebec-based social-purpose organizations with non-repayable funding of up to 100,000 dollars to prepare for loan financing and investment. It can fund specialized support, professional studies, internal staff, prototypes, market outreach, technology, and project development costs.
How much funding can be received?
Investment Preparation Program (ipp) Funds up to 80% of admissible expenses, capped at $100,000 per project.
Who is eligible for the Investment Preparation Program (ipp) program?
To be eligible for the Investment Preparation Program (ipp) program, you must:
The organization must have its head office and carry out its activities in Quebec.
The project must prepare the organization to access loan financing.
The organization must have at least 3 board members.
What expenses are eligible under Investment Preparation Program (ipp)?
Preparing an organization to access loan financing
Market analysis, market research, and feasibility work
Business plan, development plan, and commercial planning work
Developing new products or services
Acquiring technical expertise
Who can I contact for more information about the Investment Preparation Program (ipp)?
You can contact The Foundation for Black Communities (FFBC).
Where is the Investment Preparation Program (ipp) available?
The Investment Preparation Program (ipp) program is available across Canada.
Is the Investment Preparation Program (ipp) a grant, loan, or tax credit?
Investment Preparation Program (ipp) is a Grant and Funding