MRC L'Islet — SME Propulsion Measurement

Who is eligible?

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.

Who is not eligible

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).

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.

Eligible geographic areas

This grant is specific to companies in certain geographical areas tied to the economic impact within the MRC de L'Islet. Eligible businesses must be registered or operate their projects in this region to qualify for the funding.

• Businesses with a head office located in the MRC de L'Islet.
• Projects executed within the MRC de L'Islet region.

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.