Laval Économique — Business Launch Fund
grant_single|update June 6, 2025
Laval, QC
Supports new business creation and acquisition in Laval
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Grant and Funding
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- Laval Economique
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The Laval Économique — Business Launch Fund offers non-repayable financial contributions of up to $25,000 to support the creation and acquisition of new, for-profit businesses in Laval. Eligible activities include capital expenditures, technology acquisition, working capital for first-year operations, and inventory purchases.
grant_single_labels_website|terms_and_conditions
- Non-repayable financial contribution ranging from $5,000 to a maximum of $25,000 per project.
- Financial aid must represent 50% or less of the total eligible project costs.
- Total government and City of Laval contributions (repayable and non-repayable) may not exceed 50% of project costs.
- A minimum request amount of $5,000 is required.
grant_single_labels_website|projects
- Creation or acquisition of new businesses operating in Laval.
- Expansion of retail, restaurant, or accommodation businesses in downtown Laval through digital transformation projects.
- Manufacturing, high-tech, tourism, transport, or logistics companies transitioning to sustainable and responsible business models.
- Manufacturing companies adopting automation, robotization, or advanced digital solutions to optimize production processes.
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$ 24,000
Digital transformation for specialty coffee shop expansion project
$ 23,200
Technological upgrade for craft microbrewery to boost efficiency
$ 24,000
Sustainable fleet upgrade for an eco-friendly courier company
$ 24,500
Acquisition of bakery equipment for a new artisanal bakery
$ 23,500
Start-up of a sustainable clothing boutique with digital platform
$ 24,500
Automation of packaging line for a food processing start-up
grant_single_labels_website|admissibility
- The company must be a legally constituted, private, for-profit business.
- The company must be incorporated or duly registered.
- The head office and main business activities must be or are planned to be located in Laval.
- The business must be within its first two years of creation or, if acquiring a business, the acquisition must be for a company started less than two years ago, with no previous ownership ties.
- The project must create or commit to creating the equivalent of two full-time jobs within 12 months of signing the agreement.
grant_eligibility_criteria|who_can_apply
- 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
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- 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).
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- 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.
grant_eligibility_criteria|zone
- Businesses with their head office and main activities located in the territory of Laval, Quebec.
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- Experience or relevant training of administrators.
- Creation or commitment to create at least two full-time jobs within 12 months after signing the agreement.
- Financial needs must be duly demonstrated.
- Project viability and profitability based on a complete business plan with at least two years of financial projections.
- Consideration of several factors during project analysis, including direct and indirect competition, added value, integration of sustainable development and greenhouse gas reduction objectives, innovation, export potential, and ethnocultural diversity.
grant_single_labels_website|apply
1
Verify eligibility requirements
- Ensure your business is legally constituted and for-profit
- Verify that your business is within its first 2 years of creation or that you are acquiring all shares of a business less than 2 years old
- Confirm main activities are or will be based in Laval
- Check eligibility for a repayable financial aid from the Local Investment Funds equivalent to the subsidy amount
2
Prepare business plan and projections
- Prepare a comprehensive business plan
- Include detailed financial projections for at least 2 years
- Demonstrate financial needs and project viability
- Highlight experience or relevant training of administrators
3
Confirm compliance with program conditions
- Ensure project complies with funding limits (grant represents 50% or less of total project costs)
- Confirm all government and municipal aid do not exceed 50% of project costs
- Ensure the project creates or commits to create two full-time jobs within 12 months after contract signing
- Identify eligible expenses and sectors prioritized by Laval économique
4
Gather documents and apply
- Gather required supporting documents (business plan, financial statements, proof of eligibility, etc.)
- Complete the application form for Business Launch Fund
- Request an equivalent loan from the Local Investment Funds
5
Submit application
- Submit your complete application to Laval Économique
- Ensure all sections are filled and documents attached
6
Await evaluation and decision
- Wait for evaluation by the Joint Investment Committee (CIC)
- Possible communication with Laval Économique for further information
grant_single_labels_website|otherInfo
- 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.
grant_single_labels_website|contact
e.saulnier@laval.ca
450-978-6888