How much funding can be received?

The grant program's primary purpose is to stimulate business growth by supporting innovation in both client offerings and operational improvements. Eligible activities include acquiring innovative equipment, developing internal solutions, conducting feasibility studies, integrating AI, and adapting business models to the circular economy. The program offers non-repayable contributions covering up to 75% of eligible project expenses, with a maximum support of $20,000.

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Eligible companies must be based in a specific geographical area to qualify for this grant. The emphasis is on supporting businesses within the designated regional jurisdiction.

The principal place of business must be on the territory of the MRC de Beauharnois-Salaberry.

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Eligibility for this grant is determined by specific requirements related to the company's registration, location, financial stability, and business activities.

The company must be registered with the Registre des Entreprises du Québec (REQ).
It must be a private incorporated entity, which can be for-profit, non-profit, a cooperative, or a social economy business.
For social economy businesses, more than 60% of the company's revenues must come from commercial activities.
The principal place of business must be located within the MRC de Beauharnois-Salaberry territory.
The company must have been operational for more than 24 months.
Financial statements for at least two consecutive years must be available.
The annual revenue must be above $500,000 and the company must exhibit profitability and growth over the past two financial years.
The business must present favorable short-term viability and profitability prospects.

grant_eligibility_criteria|who_can_apply

Eligible applicants for this grant must be private and incorporated enterprises, including for-profit, non-profit, cooperatives, or social economy enterprises, primarily engaging in commercial activities, located within the MRC de Beauharnois-Salaberry territory.

Registered with the Quebec Business Registry (REQ).
Principal place of business in the territory of the MRC de Beauharnois-Salaberry.
Operating for more than 24 months with full financial statements for at least two consecutive years.
Annual revenue exceeding $500,000, with profitability and growth demonstrated over the past two fiscal years.
Showing good short-term viability and profitability prospects.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies based on the nature of their primary business activities. These restrictions are in place to align the funding with ethical and sustainable business practices.

Companies involved in the production or distribution of weapons.
Businesses focused on fossil fuel-based exploration, extraction, and production, excluding those working towards a low-carbon economy.
Enterprises in gambling sectors such as casinos, bingo halls, and gambling terminals.
Businesses involved in violent games or combat sports involving living creatures.
Companies operating in the exploitation of sexual services, such as erotic bars, escort agencies, erotic massage parlors, swingers clubs, and production of pornographic material.

grant_eligibility_criteria|eligible_expenses

This grant aims to foster business innovation and growth by financially supporting projects that enhance productivity and operational efficiency. Eligible activities focus on acquiring innovative equipment, developing internal solutions, and conducting various studies for improvement and integration of new technologies.

Acquisition of innovative equipment and materials necessary for business growth, sourced from non-affiliated companies.
Development of an innovative solution or tool for internal use.
Conducting studies to improve processes and productivity.
Conducting feasibility studies, including technical feasibility and implementation analyses.
Acquisition of IT tools that provide productivity gains, such as an Enterprise Resource Planning (ERP) system.
Conducting studies or implementing solutions to integrate artificial intelligence.
Adapting the company’s industrial tools or business model to the circular economy, such as optimizing processes related to supply, storage, transformation, and waste management for reuse.

grant_eligibility_criteria|zone

The grant covers eligible expenses designed to enhance productivity and foster growth through innovation.

Acquisition of innovative equipment and material necessary for the company's growth, sourced from non-affiliated enterprises.
Development of an innovative solution or tool for internal use.
Conducting studies to improve processes and productivity.
Conducting feasibility studies, such as technical feasibility and implementation studies.
Acquisition of IT tools that offer productivity gains for the company, such as an ERP (Enterprise Resource Planning).
Conducting studies to integrate artificial intelligence, and/or implementation of artificial intelligence solutions.
Adapting the industrial tool or business model to the circular economy, including adaptation of procurement, storage, transformation, and waste management processes through second-life valorization.

grant_single_labels|criteria

The evaluation and selection of projects for this grant are based on specific criteria with allocated point scores to ensure alignment with the grant’s objectives.

Project innovation that addresses an issue for the company - 20%
Viability of the project, including financial planning and operational scheduling - 20%
Projected impacts on the company, such as productivity gains and better resource allocation - 20%
Financial solidity of the company, considering its business model, growth, and resilience to unexpected challenges - 20%
Expertise of the team - 10%
Overall quality of project presentation, including structure and precise, realistic definition of targeted objectives - 10%

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Review Eligibility Requirements
- Ensure your enterprise is registered with the Registre des Entreprises du Québec (REQ).
- Check that your primary place of business is within the MRC de Beauharnois-Salaberry.
- Confirm you have been operational for over 24 months and can provide the required financial statements.
Step 2: Prepare Necessary Documentation
- Complete the Propulsion Fund application form, including a description of your business problem, project details, expected economic, social, and environmental impacts, and a biography of your management team.
- Fill out and sign the consent form for information disclosure.
- Gather financial statements from the past two fiscal years and recent interim financial statements, if applicable.
Step 3: Develop a Detailed Financial Plan
- Prepare a detailed financial breakdown of your project, including costs and the origin of required funds.
- Collect all technical bids and quotes from suppliers for the project's execution.
Step 4: Compile and Submit Application
- Send all documents via email to infoaebhs@mrcbhs.ca before the deadline of November 1, 2024, at noon.
- Ensure all documents are complete and accurately filled to facilitate prompt review by the selection committee.
Step 5: Await Notification
- The announcement of recipients will be at the end of January 2025.
- In case of approval, prepare for the initial 50% grant disbursement upon signing the agreement.

grant_single_labels|otherInfo

The grant is designed to stimulate innovation and growth for businesses in the Beauharnois-Salaberry region by providing eligible companies with financial support towards productivity enhancements and innovative solutions. The focus is on operational efficiency and competitiveness in a digital and competitive market landscape.

The fund is limited to a maximum non-repayable contribution of $20,000 per company.
Applications must be submitted by November 1, 2024, with announcements made in January 2025.
The grant covers up to 75% of eligible project expenses.
Projects should demonstrate economic, social, and environmental benefits to the applying company.
The evaluation criteria include project innovation, financial viability, potential impacts, financial strength of the company, and the quality of the team and project presentation.
Only businesses registered in the Quebec Business Register and located in the region are eligible to apply.

grant_single_labels|contact

infoaebhs@mrcbhs.ca

450 373-2214

Apply to this program

Boost Your Enterprise's Growth with the Propulsion Fund

The Propulsion Fund is a non-repayable financial aid designed to stimulate innovation and growth in businesses within the MRC of Beauharnois-Salaberry. Eligible enterprises can receive up to $20,000 to cover 75% of innovative project costs that aim to enhance productivity and operational efficiency.

Detailed Insights into the Propulsion Fund: Enhancing Business Innovation

The Propulsion Fund has been strategically developed to support companies intent on pushing the boundaries of innovation and enhancing operational efficiency in a competitive digital market space. Acknowledging the transformative potential of innovation, this grant supports a myriad of project types, underlining its commitment to driving local economic growth through enhanced productivity.

Businesses eligible for the Propulsion Fund must be registered with the Quebec Enterprise Register, chiefly operating within the MRC of Beauharnois-Salaberry, and should have historical financial solidity with over $500,000 in annual revenue. The fund caters to both for-profit and social enterprises, aiming to assure substantial economic benefit via financial sustainability and viability, while contributing to regional development. It consequently enables companies to not just conceive impactful innovative ideas but materially execute them, thereby providing a substantive incentive for corporate efforts advancing operational productivity.

The fund can be utilized for a diverse array of innovative endeavors, from the acquisition of cutting-edge industrial equipment sourced from non-affiliated businesses, to pioneering the development of internal business solutions aimed at propelling their service or product offerings. Business enterprises can also exploit the grant for conducting feasibility studies or integrating artificial intelligence, ensuring their operations embody sustainable, forward-thinking methodologies tailored to emerging economic environments.

The assessment of qualifying projects is nuanced and multifaceted, weighing factors such as novelty, financial rigor, projected business impact, and managerial expertise. Thus, it compels applicants to not only manifest the innovation within their project ambitiously but also underline solid business acumen and financial planning. Additionally, submissions should showcase a coherent timeline, ensuring a twelve-month window from submission to project culmination, delineating clear economic and operational impacts.

This fund is not only about providing financial support but is also an avenue for businesses to be part of a pioneering initiative that naturally aligns enterprise growth with the indispensable need for sustainability. By funneling financial resources into innovative strategies and sustainable business models, the Propulsion Fund becomes a cornerstone for businesses aiming to upscale their productivity while seamlessly integrating community-centric and environmentally sound practices.

Ultimately, the Propulsion Fund serves as a vital conduit empowering businesses to leverage innovation for sustainable growth, marking a pivotal shift towards broader economic resilience. By harnessing the full potential of the Propulsion Fund, companies can position themselves to navigate and thrive in the continually evolving business landscape, ensuring a balanced growth trajectory inclusive of economic, environmental, and social considerations.