Laval Économique — Business Launch Fund

Who is eligible?

• Retail businesses located in downtown Laval
• Restaurants and accommodation sector businesses in downtown Laval
• Companies in the manufacturing sector or with production activities
• Companies in the high-tech, tourism, transport, and logistics sectors
• Legally constituted, for-profit private businesses with headquarters and primary activities in Laval

Who is not eligible

• Companies that are not registered or incorporated entities.
• Non-profit organizations (only for-profit private companies are eligible).
• Businesses whose main activities are conducted outside the Laval territory.
• Companies acquiring a business where the applicant is already a shareholder (dependent relationship).

Eligible expenses

• Capital investments such as land, buildings, equipment, machinery, and rolling stock.
• Incorporation fees and related costs of a similar nature.
• Acquisition of technologies, including know-how, manufacturing licenses or agreements, and patents.
• Purchase of software or software packages.
• Working capital directly related to the company’s first-year activities.
• Inventory purchases, including raw materials, work-in-progress, and finished goods.

Eligible geographic areas

• Businesses with their head office and main activities located in the territory of Laval, Quebec.

• The application must include a comprehensive business plan with financial projections for at least two years.
• The evaluation of applications is conducted by a joint investment committee (CIC) in collaboration with Laval économique resources.
• Priority may be given to projects in emerging and high-potential economic sectors identified annually by Laval économique.
• Several criteria are considered in the assessment, including innovation, market competition, sustainable development objectives, and ethnocultural diversity.