How much funding can be received?

The grant program aims to foster innovative projects, support business startups, expansion, and succession, as well as assist in developing new products, services, and market opportunities, with a maximum funding amount of $150,000 over a year. Eligible activities include feasibility studies, marketing plans, strategic planning, brand development, and international recruitment missions.

grant_single_labels|terms_and_conditions

This grant provides structured financial support with specific allocation limits aimed at fostering innovative economic projects and business development. The funding is subject to conditions based on project type and specific financial caps.

Financial assistance for private enterprises is limited to 50% of admissible expenses, whereas social economy enterprises may receive up to 80% funding.
The maximum total financial assistance available to a single beneficiary is capped at $150,000 within a 12-month period.
Each project may receive up to $10,000, with variations for economic and international missions.
A minimum equity contribution of 20% is required from both private enterprises and social economy enterprises.
Grant allocations may not exceed 80% when combining contributions from different partners and the MRC for non-repayable support.
Expenditures must be substantiated by proof of invoices and payments, excluding taxes.
Specific grant conditions allow for the exceptional financing of high-priority projects without standard funding mitigations.
Calculated contributions from repayable government assistance are considered at 30% of their value, whereas non-repayable contributions are considered at 100%.

grant_single_labels|projects

This grant aims to support innovative projects that can diversify the local economy, assist promising businesses, and foster the development of new products and services. Eligible projects include a range of studies, planning, and development activities designed to boost economic potential and innovation.

Technico-economic, market, technical, and financial prefeasibility studies.
Initial marketing plan development.
Business plans requiring specific expertise.
Activities and studies for developing new sectors or niches.
Company function diagnostics, strategic planning, or management coaching.
Acquisition of intellectual property, trademarks, and patents for enterprises.
Capital expenditures related to the MRC's intervention priorities.
Productivity enhancement and technological innovation.
Environmental studies for new projects (excluding decontamination costs).
Architectural and engineering fees for new projects.
Due diligence processes.
Financial restructuring of a company.
Sustainable development initiatives.
Creation or redevelopment of a brand image or website.

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the type of entities and sectors eligible for financial assistance.

The applicant must be a non-financial cooperative.
The applicant can be a private company or a social economy enterprise.
Individuals intending to start or acquire a business are eligible to apply.
The MRC Domaine-du-Roy is an eligible entity for this grant.
Applicants can not be retail or foodservice businesses, unless serving an underserved community and deemed essential.
Private financial sector businesses (NAICS 52), real estate and rental services (NAICS 53), gambling establishments (NAICS 7132), and companies involved in the production, sale, and services related to tobacco and non-pharmaceutical drugs are excluded, unless specific pharmaceutical criteria are met.
Applicants must not be listed on the Register of Companies Ineligible for Public Contracts.
Enterprises that failed to meet previous financial assistance obligations within the past two years are ineligible.

grant_eligibility_criteria|who_can_apply

Organizations eligible for financial assistance under this grant include a variety of entities that contribute to economic diversification and innovation.

Non-financial cooperatives.
Private companies and social economy enterprises.
Individuals seeking to start or acquire a business.
The MRC Domaine-du-Roy.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries due to their status or main activity. The restrictions are designed to ensure fair competition and align with the grant's objectives of supporting diverse economic sectors.

Retail or restaurant businesses, except those providing essential services to underserved communities.
Private sector financial companies (NAICS 52).
Companies listed in the Register of enterprises ineligible for public contracts.
Real estate and rental and leasing services (NAICS 53).
Gambling establishments and lotteries (NAICS 7132).
Businesses involved in the tobacco or non-pharmaceutical drug industry, except those with Health Canada approval for pharmaceutical-grade products.
Companies that have failed to meet obligations related to previous financial aid within the past two years.

grant_eligibility_criteria|eligible_expenses

The grant covers specific expenses that support innovative enterprise projects, business expansion, and new market penetration.

Technical-economic studies, market studies, technical and financial prefeasibility studies.
Initial marketing plan development.
Business plans requiring specific expertise.
Activities and studies for the development of new sectors or niches.
Diagnostics on various company functions, strategic planning, or management coaching.
Intellectual property acquisition, trademark, and patent expenses for enterprises only.
Capital expenditures aligned with MRC priority interventions.
Productivity improvements and technological innovation.
Professional fees for environmental studies in the context of new projects (excluding decontamination costs).
Architect and engineering fees for new projects.
Due diligence expenses.
Financial restructuring of a company.
Sustainable development initiatives.
First-time brand image development or redesign in case of repositioning.
First-time website or e-commerce site development.
Accommodation, air travel, external transportation, and space and equipment rental for economic missions.
External consultant or immigration lawyer fees for international recruitment.
Registration fees for recruitment missions.
Administrative fees: labor market impact assessments (LMIA), Quebec acceptance certificates (CAQ), work permit applications, and biometric data submissions.

grant_eligibility_criteria|zone

This grant is specifically available to companies operating within a defined geographic region managed by the funding body, ensuring alignment with local economic development priorities.

MRC Domaine-du-Roy.

grant_single_labels|criteria

The evaluation and selection of projects for this grant are based on specific criteria to ensure they meet the objectives of facilitating innovative projects, supporting business sustainability, and market expansion.

Plausibility and thoroughness of the business or project plan.
Potential for economic diversification within the territory.
Capacity to reinforce and sustain enterprises with strong potential.
Ability to capture new market segments or serve underserved clients.
Demonstration of available market share to be conquered through new segmentation or clientele.
Consideration of competition and market factors.
Applicant's financial contribution and leveraging of additional funding sources.
Compliance with admissible expense criteria.

grant_single_labels|register

Step 1: Application Preparation
Ensure eligibility by confirming that your organization meets the criteria for eligible applicants.
Compile relevant documents including a detailed business plan or other necessary documents that demonstrate project viability.
Step 2: Complete Application Form
Fill out the application form provided by the MRC Domaine-du-Roy with accurate and detailed information.
Clearly outline the project objectives, planned activities, and expected outcomes.
Step 3: Submission of Application
Submit the completed application form and supporting documents to the MRC Domaine-du-Roy.
Applications can be submitted at any time during the year.
Step 4: Application Review
Your application will be reviewed by the investment committee and/or the development committee at the MRC.
Ensure that your project aligns with the MRC's criteria and parameters for approval.
Step 5: Contract and Funding
If approved, a contract will be established between the MRC Domaine-du-Roy and the fund recipient.
Wait for disbursement which will be made upon presentation of invoices excluding taxes, and upon proof of payment.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The grant allows for a maximum aid of 80% from combined partners and the MRC for non-repayable contributions.
The grant considers non-refundable aid from Quebec and Canadian governments at full value, while refundable aid is valued at 30%.
The MRC reserves the right to finance a project of utmost interest to the territory without restrictions.
Non-eligible expenses include those incurred before the project submission date, taxes, salaries, support for relocating businesses, and operational costs.
The use of funds for economic missions restricts to once every three years per applicant, with a maximum aid for missions detailed per person or company.

Apply to this program

Opportunity for Innovative Economic Development

This grant aims to catalyze innovative projects across various economic sectors, particularly those that offer potential solutions for diversifying the local economy. It provides necessary funding to support the initiation, expansion, and succession of enterprises within eligible industries.

Exploring the Depths of the Grant and Its Strategic Impacts

This grant is engineered to stimulate economic advancement by supporting innovative and sustainable projects. Its goal is to strengthen the economic fabric by bolstering new initiatives that align with the core objectives of promoting market diversification and enterprise sustainability. The funding opportunity is available to a broad range of eligible bodies, including private firms, social economy enterprises, cooperatives, and individuals aiming to establish or acquire businesses.

The strategic framework of the grant is designed to assist businesses in development phases that include market exploration, innovative product and service offerings, and advanced production methodologies. This serves not just to cement their current operations but to enable them to venture into new markets and improve competitiveness. The funding can be utilized to cover various eligible expenditure areas such as technical and feasibility studies, initial marketing strategies, and consultancy fees that pertain to significant business operations such as environmental assessments and financial restructuring. This broad spectrum of applicable use cases ensures that businesses have the support required to overcome operational and market-entry barriers.

Moreover, the grant offers financial assistance up to prescribed limits ensuring equitable resource allocation while encouraging beneficiaries to raise additional funds. For instance, a typical business can expect up to 50% funding for eligible expenditures, with a larger percentage available for social economy enterprises, reflecting the emphasis on inclusivity and support for diverse business models. Furthermore, there are specific provisions for economic missions or international recruitment activities, enhancing global engagement and talent acquisition.

Importantly, each project is meticulously assessed using a pre-defined evaluation grid to ensure alignment with the strategic development goals, such as innovation and market viability. The emphasis is on ensuring that only projects with demonstrable potential to yield substantial community and economic benefits receive financial backing, thereby optimizing the impact of public funding. Additionally, the grant incorporates measures to circumvent unfair market competition, thus fostering a healthy business environment conducive to genuine competitive growth.

This grant program represents an invaluable opportunity for organizations eager to drive positive economic change within their communities. By leveraging the financial and consultative support available, businesses can enhance their capability to implement strategies pivotal for long-term growth and market resilience. This, in turn, encourages the development of a robust and diversified economy that is well-equipped to face future challenges while ensuring sustainable prosperity.