MRC L'Islet — SME Propulsion Measurement
Saint-Jean-Port-Joli, QC, Canada
Financial aid for SME growth in MRC de L'Islet
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Accommodation and food services
grant_single|grantors
- MRC de L'Islet
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Propulsion PME Measure offers non-repayable financial assistance up to a maximum of $25,000, supporting projects that stimulate business creation and development, competitiveness, and economic growth within the MRC of L’Islet. Eligible activities include startup, expansion, diversification, consolidation, innovation, and sustainable development projects in the manufacturing and tourism sectors.
grant_single_labels|projects
The Mesure Propulsion PME grant supports a variety of projects and activities designed to stimulate economic growth and business development in the MRC de L'Islet. Eligible projects span multiple business expansion stages, including startup, acquisition, innovation, and market development.
- Creation of a legally constituted enterprise, including acquisition of real estate, equipment, and technology.
- Acquisition of a significant ownership stake to take over an existing business.
- Expansion projects for private companies, including asset acquisition and increased operating capital.
- Social economy enterprises' development and consolidation, focusing on strategic professional assistance and operational funding.
- Project studies and development focusing on diversifying the local economy, including costs for professional services and feasibility assessments.
- Technological, industrial, or procedural innovations with significant impact potential.
- Development of food and beverage transformation projects, including market studies and production equipment acquisition.
- Investments in automation, productivity improvement, and production diversification.
- Projects aligned with sustainable development goals, aiming to reduce ecological impact and optimize resource use.
- Market development and commercialization projects, including web development and participation in trade events.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria focused on the company's location, size, and project feasibility.
- The head office must be located in the MRC de L’Islet territory or the project must be executed there, with economic effects primarily occurring within the MRC de L’Islet.
- The company must be a SME with 50 employees or less.
- The project should be relevant, realistic, and demonstrate interesting market opportunities.
- The project must be based on a business plan with financial forecasts for the first three years, showing viability and profitability.
- The project promoter must work full-time in the company.
- The promoter must inject personal funds amounting to a minimum of 20% of the grant amount.
- Secure all necessary funding with government financial assistance limited to 80% of eligible expenses.
- Start or acquire the business within 3 months of project acceptance.
grant_eligibility_criteria|who_can_apply
This grant is specifically for businesses in the MRC de L'Islet aimed at different development phases to enhance competitiveness and economic growth.
- Businesses with their headquarters or projects that will be realized in the MRC de L'Islet, ensuring economic impacts primarily occur within the region.
- Small and medium enterprises (SMEs) with 50 employees or fewer.
- Enterprises in the manufacturing and tourism sectors that align with the economic activity definitions provided.
- Projects that demonstrate market viability, are supported by a realistic business plan, and show financial forecasts for the first three years.
- Those who can contribute at least 20% of the funds for the project and meet the government's combined funding cap of 80% of eligible expenses.
- Initiatives that contribute towards economic wealth creation and growth within the region.
grant_eligibility_criteria|who_cannot_apply
This grant excludes specific projects or industries due to their nature or primary activities. The restrictions ensure resources are allocated to sectors that support the economic objectives of the MRC de L'Islet.
- Projects that would represent unfair competition to existing businesses, organizations, or events in the MRC.
- Any projects involving relocating a business or part of its production outside its local municipality without consent.
- Projects of a spiritual, religious, political, sexual nature, or those potentially controversial.
- Projects from the primary sector (agricultural production and mining) and tertiary sector (commerce and services).
grant_eligibility_criteria|eligible_expenses
The grant covers various eligible expenses to support the development and growth of businesses within the MRC de L’Islet, particularly in manufacturing and tourism sectors.
- Acquisition of fixed assets such as land, buildings, equipment, machinery, rolling stock, and incorporation fees, excluding goodwill expenses.
- Acquisition of technologies including know-how, licenses or manufacturing agreements, patents, software, or applications and similar expenses.
- Working capital needs strictly related to the company's operations calculated for the first year of operation.
- Professional fees, consultancy services, and expertise from specialists.
- Market studies, marketing and market presentation fees, certifications, support costs, and professional service fees related to the research and development of new products.
- Expenses related to strategic development and recovery plans deemed credible and carried out by professionals.
- Implementation and execution of a credible communication or promotional plan carried out by a professional.
- Leasehold improvements related to the acquisition of new equipment.
- Study, development, or refinement of a prototype or pilot project, as well as tests and product certification.
- Patents and associated legal costs.
- Booth rental fees, travel, meals, and accommodation expenses related to commercialization activities.
grant_eligibility_criteria|zone
This grant is specifically available to companies situated in a precise geographical area governed by the funding body. The focus is on promoting economic development within this targeted region.
- Companies located within the MRC de L'Islet.
grant_single_labels|criteria
The evaluation and selection criteria for the projects under the Mesure Propulsion PME grant are designed to assess the potential impact and feasibility of the project, as well as the capabilities of the project promoters.
- Projected impact on the profitability and productivity of the business, if applicable.
- Relevance and quality of the project.
- Technical and financial feasibility of the project.
- The project promoter(s)' resume(s) reflecting their ability to manage their enterprise or the ability to surround themselves with capable individuals.
- A financial setup demonstrating the realism and diversity of funding sources.
- The project presents an eco-responsible approach that encourages local purchasing and environmental protection.
- The project’s contribution to wealth creation and economic growth in the MRC de L’Islet.
- Overall appreciation of the project.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Gather Required Documents
- Complete the original application form, signed by the authorized individual.
- Obtain a resolution designating the authorized person to act for the project.
- Provide a copy of letters of patent or document confirming legal existence.
- Compile the composition of the board of directors.
- Gather letters from partners confirming financial support.
- Prepare a comprehensive business plan.
- Include the latest financial statements (last 3 years).
- Develop financial forecasts for the next 3 years.
- Attach copies of plans and permits, if applicable.
- Provide estimates related to projected expenses.
- Secure a certificate of compliance, if necessary.
- Step 2: Prepare the Application
- Ensure all documents are correctly prepared and signed as per requirements.
- Verify that all supporting documents are compiled and organized.
- Step 3: Submit the Application
- Choose a submission method: postal mail or email.
- If by postal mail, send to:
- Mesure Propulsion PME – MRC de L’Islet
- 34, rue Fortin, Saint-Jean-Port-Joli (Québec) G0R 3G0
- If by email, send to: s.thiboutot@mrclislet.com
- Ensure all components of the application package are included before sending.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Financial assistance awarded is non-repayable.
- Specific objectives for projects include favoring business succession, stimulating new business creation, and strengthening competitiveness in the manufacturing and tourism sectors.
grant_single_labels|contact
s.thiboutot@mrclislet.com
418-598-3076
Apply to this program
Empowering SMEs in the MRC de L’Islet
The "Mesure Propulsion PME" grant is designed to bolster the economic development of the MRC de L’Islet by supporting small and medium-sized enterprises (SMEs) in various stages of their growth, including startup, expansion, and diversification. This financial assistance aims to enhance the competitiveness of local businesses while promoting sustainable practices in both the manufacturing and tourism sectors.
In-Depth Overview of the Mesure Propulsion PME Grant
The "Mesure Propulsion PME" is a financial initiative targeting SMEs located within the MRC de L’Islet. This strategic fund is crafted to assist businesses in key phases like startup, transition, and growth, ensuring they remain competitive and adaptable in an ever-changing economic landscape. Furthermore, the grant emphasizes the importance of economic sustainability and eco-responsibility, thereby encouraging businesses to adopt local purchasing policies and environmentally friendly practices.
Eligible projects must demonstrate clear market potential and viability, backed by a comprehensive business plan and financial projections for the first three years. The grant aims to ensure that SMEs can launch or acquire businesses within three months of project approval, guaranteeing a swift and impactful economic contribution to the region.
In addition to financial support, successful applicants are expected to show substantive personal investment and commitment, contributing at least 20% of the project’s funding themselves. This not only signifies the promoter's dedication but also aligns with the grant's objective to instill a sense of ownership and accountability.
The grant champions a wide array of project types, from conventional enterprise creation and expansion to more specific initiatives such as sustainable development and commercialization. Manufacturing and tourism sectors are particularly encouraged to apply, as these industries play a significant role in driving regional economic prosperity.
While the grant presents considerable opportunities, it is also selective, with rigorous criteria ensuring that only projects with genuine potential impact are funded. Projects must prove technical and financial feasibility, relevance, and a positive projected impact on productivity and profitability. The support aims not only to generate immediate economic benefits but also to provide long-term growth pathways for SMEs and the broader economic landscape of the MRC de L'Islet.
With a focus on fostering new business leadership and succession, the "Mesure Propulsion PME" also plays a pivotal role in encouraging business transitions and ownership changes, ensuring continued business success and innovation. This aspect of the grant not only aids in maintaining local businesses but also promotes robust entrepreneurial engagement in the community.
In conclusion, the "Mesure Propulsion PME" grant is a catalyst for economic growth and innovation, offering SMEs essential financial backing and guidance. It enables businesses to navigate the complexities of modern markets successfully, create wealth, and contribute significantly to the economic vibrancy of the MRC de L’Islet.