How much funding can be received?

Funds up to 25% of admissible expenses, capped at $20000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Momentum Fund ?

Momentum Fund is funded by Desjardins

What are Momentum Fund 's eligibility criterias?

The project must fall under one of the fund's nine categories including innovation, business succession, market and supplier development, human resources, sustainable development, digital transformation, business model optimization, cybersecurity, or governance. The project should help in generating business growth within the defined project categories. Applicants should demonstrate how the project can impact the business or community positively.

Momentum Fund

QC, Canada

Funding to support innovative and sustainable business growth projects

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Desjardins

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The Momentum Fund aims to support local businesses by funding projects that stimulate innovation, accelerate digital transformation, or invest in energy-efficient equipment, covering 25% of project costs up to $20,000. Eligible activities include technological advancements, business succession plans, market development, human resources initiatives, sustainable development efforts, digital transformation projects, business model optimization, cybersecurity measures, and governance improvements.

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The Momentum Fund offers specific financial support to aid businesses in achieving growth objectives. The financing modalities are structured to cover a portion of project costs with a defined limit.

Co-financing covers 25% of the total project costs.
The funding is capped at a maximum of $20,000 per project.

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The Momentum Fund is designed to support local businesses by funding projects that drive growth and economic development. Eligible projects focus on innovation, business transformation, market development, and other strategic areas.

Innovative projects that introduce technological advances or new manufacturing processes.
Business succession plans aimed at ensuring smooth transitions of ownership.
Market development initiatives that focus on increasing sales and diversifying supply chains.
Human resource programs that innovate in workforce recruitment and retention.
Projects in sustainable development that enhance eco-friendly practices and energy efficiency.
Digital transformation projects to improve IT processes or add digital sales channels.
Business model optimization to adapt to changing markets.
Cybersecurity initiatives that protect personal and client data.
Governance initiatives focusing on strategic planning and value creation.

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$ 11,000

Launching a new eco-friendly product line by investing in sustainable raw materials and processes

$ 7,000

Upgrading IT infrastructure to enhance cybersecurity and protect client data

$ 7,500

Implementing an AI-based customer service chatbot to improve response time and customer satisfaction

$ 9,000

Training employees in advanced manufacturing techniques to improve production efficiency

$ 9,500

Developing a custom ERP system to streamline business operations and improve efficiency

$ 8,000

Developing a comprehensive digital marketing strategy to expand market reach and increase sales

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Eligibility for this grant is determined by the alignment of the project with one of the specified categories outlined by the Momentum Fund.

The project must fall under one of the nine specified categories: Innovation, Business Succession, Market and Supplier Development, Human Resources, Sustainable Development, Digital Transformation, Business Model Optimization, Cybersecurity, or Governance.
The project must aim to generate business growth and potentially create quality jobs.
Projects can receive coverage for 25% of the costs, up to a maximum of $20,000.
Applicants should ideally be local businesses focused on stimulating innovation, accelerating digital transformation, or investing in energy-efficient equipment.

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The Momentum Fund is open to local businesses aiming to fund projects that generate business growth, create quality jobs, and contribute to regional economic development. The fund supports projects across various categories, including innovation, business succession, market and supplier development, human resources, sustainable development, digital transformation, business model optimization, cybersecurity, and governance.

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The Momentum Fund encourages business growth through various projects that enhance innovation, digitalization, sustainable practices, and more. Eligible activities aim to support businesses in creating jobs and contributing to economic development.

Innovative technological advancements or manufacturing processes.
Progressive takeover plans for business succession.
Market and supplier development strategies to increase sales.
Creation of innovative human resources programs.
Initiatives promoting sustainable development and reducing carbon footprint.
Projects designed to accelerate digital transformation.
Optimization or change of business models.
Cybersecurity enhancement plans.
Governance improvement initiatives and advisory committee creation.

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The Momentum Fund offers specific project categories where businesses can receive funding to grow and innovate. Here are some additional miscellaneous details about the fund:

25% of project costs covered.
Up to $20,000 in funding per project.
Projects must fall under one of the nine categories: Innovation, Business Succession, Market and Supplier Development, Human Resources, Sustainable Development, Digital Transformation, Business Model Optimization, Cybersecurity, and Governance.
Support and advisory services provided through value-added partners like RCEI, Inno-centre, and TELUS Health.
To apply, businesses need to contact their Desjardins Business centre or account manager.