grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|minCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateNovember 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Construction
  • Manufacturing
  • Wholesale trade
  • Transportation and warehousing
  • Information and cultural industries
  • Professional, scientific and technical services
  • Administrative and support, waste management and remediation services
  • Arts, entertainment and recreation
  • Accommodation and food services
grant_single|grantors
  • Gouvernement du Québec
  • Investissement Québec (IQ)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a loans, loan guarantee or capital investment of $50,000 or more for projects involving expansion, exporting, modernization, innovation, buildings and equipment, marketing and more.

grant_single_labels|projects

Yes, there are several projects and activities eligible for this grant.
  • Purchase of machinery and equipment
  • Expansion, construction, or modernization of a building
  • Market expansion
  • Refinancing
  • Financing of tax credits
  • Business succession or transfer through acquisition of shares
  • Merger and acquisition of companies
  • Acquisition of intangible assets (trademarks, patents, etc.)
  • Working capital
  • Commercialization of products or services
  • Export activities
  • Innovation
grant_single|admissibleProjectsExample

$60,000

Montreal
Develop a new market in the United States from Montreal

$110,000

Calgary
Modernize production facilities with new automation technology

$115,000

Toronto
Purchase specialized machinery for precision manufacturing

$250,000

Vancouver
Expand factory floor space for increased production

$50,000

Halifax
Export Canadian artisan products to Europe from Halifax

$150,000

Ottawa
Acquire patented technology to enhance product offerings

grant_single_labels|admissibility

All businesses in Quebec can apply for support from Investissement Québec except for those operating in specific restricted sectors.
  • Health staff placement agencies
  • Accounting firms
  • Cryptocurrency
  • Finance and insurance
  • Real estate (land development)
  • Public relations and media services (except advertising agencies)
  • Legal services
  • Other sectors with restrictions: Agriculture and fishing, cannabis and industrial hemp, private medical clinics, owner-occupant real estate, tourism, and direct-to-consumer sales including retail

grant_eligibility_criteria|who_can_apply

There are several eligible types of companies for this grant provided by Investissement Québec, covering a wide range of industries and project types. Below is a list of eligible project categories that companies can apply for:
  • Acquisition of machinery and equipment
  • Expansion, construction, or modernization of a building
  • Market penetration
  • Refinancing
  • Tax credit financing
  • Business succession or transfer via share acquisition
  • Business mergers and acquisitions
  • Acquisition of intangible assets (trademarks, patents, etc.)
  • Working capital
  • Product or service commercialization
  • Exporting
  • Innovation

grant_eligibility_criteria|who_cannot_apply

Several types of companies are ineligible for this grant. Below is a list of these ineligible sectors:
  • Personnel placement agencies in the health sector
  • Accounting firms
  • Cryptocurrency
  • Finance and insurance
  • Real estate (land development)
  • Public relations and media services (except advertising agencies)
  • Legal services

grant_eligibility_criteria|eligible_expenses

The grant offers financing that can cover up to 100% of the project costs for a variety of expenses.
  • Purchase of machinery and equipment
  • Expansion, construction, or modernization of a building
  • New market implementation
  • Refinancing
  • Tax credit financing
  • Business succession or transfer through share acquisition
  • Merger and acquisition of businesses
  • Acquisition of intangible assets (trademarks, patents, etc.)
  • Working capital
  • Product or service commercialization
  • Exportation
  • Innovation

grant_eligibility_criteria|zone

All companies located in Quebec are eligible for this grant, with a few exceptions in various sectors.
  • Agencies for health personnel placement
  • Accounting firms
  • Cryptocurrency companies
  • Finance and insurance sectors
  • Real estate (Land development)
  • Public relations and media services (except Advertising agencies)
  • Legal services
  • Other restricted sectors: Agriculture, cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, B2C including retail.

grant_single_labels|criteria

There are specific evaluation and selection criteria for this grant, ensuring that only eligible enterprises can receive the financial support. The following criteria must be met:
  • Admissibility of the enterprise based in Quebec
  • Sectoral restrictions (e.g., exclusion of healthcare staffing agencies, accounting firms, cryptocurrency ventures, finance and insurance sectors, real estate development, etc.)
  • Potential impositions on other sectors such as agriculture, fishing, cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, and direct-to-consumer sales including retail
  • Alignment of the project with growth-oriented activities such as machinery and equipment acquisition, building expansion or modernization, new market implementation, refinancing, tax credit financing, business succession or transfer by share acquisition, mergers and acquisitions, acquisition of intangible assets, working capital, product or service commercialization, exportation, and innovation

grant_single_labels|register

  • Step 1: Evaluate Eligibility
  • Determine if your business operates within Quebec.
  • Ensure your business is not in the excluded sectors: health personnel agencies, accounting firms, cryptocurrency, finance and insurance, real estate, public relations and media services (except advertising agencies), legal services.
  • Check if your project falls within the types of projects eligible for funding (e.g., machinery purchase, building construction, market expansion, etc.).
  • Step 2: Project Planning
  • Clearly define the project scope, objectives, and financial requirements.
  • Develop a detailed project plan, including timelines and expected outcomes.
  • Step 3: Prepare Financial Documents
  • Gather necessary financial statements and documents.
  • Prepare projections and budgets related to the project costs.
  • Ensure you have an understanding of your current liquidity and financial health.
  • Step 4: Application Preparation
  • Fill out the required application forms provided by Investissement Québec.
  • Prepare supporting documentation (financial statements, business plan, project details).
  • Step 5: Submit Application
  • Submit the completed application and all supporting documents to Investissement Québec.
  • Be prepared to answer any follow-up questions or provide additional information if requested.
  • Step 6: Await Approval
  • Wait for Investissement Québec to review the application.
  • Respond promptly to any requests for additional information.
  • Attend any required meetings or site visits conducted by Investissement Québec.
  • Step 7: Receive Funding
  • Upon approval, receive the agreed funding as per the terms and conditions.
  • Use the funds as specified within the project plan.
  • Step 8: Project Reporting and Compliance
  • Monitor project progress and financials according to the plan.
  • Submit any required progress reports or financial documentation to Investissement Québec.
  • Ensure compliance with all terms and conditions stipulated in the funding agreement.

grant_single_labels|otherInfo

Here are the additional information:
  • The grant is aimed at supporting projects through financial aid, helping businesses conserve their liquidities for ongoing operations.
  • The funding types offered include competitive rate loans, partnerships with other lenders, loan guarantees, and quasi-equity financing.
  • The funding can cover up to 100% of project costs, and flexible terms are provided to match unique business situations.
  • Repayment terms can extend up to 25 years, with an optional moratorium on principal repayment for up to 24 months.
  • Funding can also be used for a wide range of projects including purchasing machinery, construction, market expansion, refinancing, commercialization, and innovation.
  • Certain sectors are excluded, such as health personnel agencies, accounting firms, cryptocurrency, and others.
  • Financial assistance is accessible to most Quebec-based businesses, except for specific restricted sectors like agricultural businesses already supported by La Financière agricole du Québec.

grant_single_labels|documents

Project Financing

Apply to this program