Laval Économique — Collective Entrepreneurship Fund

• Financial participation may cover up to 80% of eligible project costs for start-up organizations and up to 70% for operating organizations.
• The combined financial assistance from provincial, federal, and City of Laval sources cannot exceed 80% of eligible expenses.

• The applicant must be a non-profit organization (cooperative or other) registered with the Registre des entreprises du Québec.
• The organization must have its main activities in Laval or plan to establish itself there.
• The applicant must have a board of directors governed by proper governance rules.
• The project must demonstrate the ability to provide a financial contribution and secure complementary funding from other partners.
• The organization must have or plan to achieve significant commercial activity (at least 40% of total revenues from goods or services) and show economic viability by the third year for startups.

Who is eligible?

• Non-profit organizations (including cooperatives) registered in Quebec
• Retail businesses in downtown Laval
• Restaurants and accommodation businesses in downtown Laval
• Companies in the manufacturing, high-tech, tourism, transport, and logistics sectors

Who is not eligible

• For-profit companies (only non-profit organizations and cooperatives are eligible).
• Companies not registered with the Quebec Enterprise Register.
• Businesses without significant commercial activities (less than 40% of revenues from goods or services for operational organizations or projected within three years for start-ups).
• Companies whose main activities are not or will not be based in Laval.

Eligible expenses

• Purchase of land or buildings, leasehold improvements, equipment, and machinery.
• Acquisition of vehicles or rolling stock.
• Incorporation fees and similar start-up costs.
• Acquisition of technologies, including know-how, manufacturing licenses or agreements, patents, websites, and software.
• Marketing, advertising, and commercialization expenses.
• Working capital (up to 50% of project costs).
• Purchase of inventory, including raw materials, work-in-process, and finished goods.
• Training costs and purchase of educational materials.
• Professional fees.
• Other project-specific expenses deemed relevant.

Eligible geographic areas

• City of Laval (companies operating in Laval or intending to establish operations in Laval)

• The project is evaluated by a selection committee composed of external experts who determine the amount and conditions of financial assistance in collaboration with Laval Économique’s resources.
• The committee assesses whether the financial aid from the Collective Entrepreneurship Fund complements or enhances the financial plan of the enterprise or project to ensure its feasibility.
• The enterprise or project must demonstrate good prospects for sustainable development, viability, and long-term sustainability.

• The selection committee includes external experts and works in collaboration with Laval Économique resources.
• The combined financial assistance from provincial, federal, and City of Laval sources cannot exceed 80% of eligible costs.
• Evaluation is based on the project's feasibility and prospects for sustainable development and viability.