Quebec International — Set up or expand a business

The grant to set up or expand a business in Québec City provides comprehensive support for facilitating business growth and establishment in the region. However, specific financing modalities related to this grant are not detailed in the provided information.

Who is eligible?

Eligible applicants for this initiative include businesses aiming to establish, operate, or expand in the Québec City region, particularly those involved in strategic sectors like technology, manufacturing, and services.

• Businesses planning to set up a subsidiary in the region.
• Foreign companies seeking support for their expansion projects within Québec City.
• Entrepreneurs looking to immigrate to Québec and start a business.
• Companies aiming to partner with regional business incubators or participate in business acquisitions.

Eligible expenses

This grant encapsulates various activities aimed at promoting entrepreneurship, technological innovation, and business expansion within Québec City. It endeavors to create a robust environment that supports new and existing businesses across diverse industries, ensuring economic growth and sustainability.

• Setting up or expanding a business in Québec City.
• Modernization and digital transformation of existing businesses.
• International recruiting to bolster local enterprises.
• Facilitating selling and exporting activities for businesses.
• Developing sectors such as food and nutrition, electronics, and artificial intelligence.
• Creating business cases and value propositions for market entry.
• Partnering with business incubators for venture growth.
• Identifying and accessing financial opportunities and incentives.

Eligible geographic areas

The Quebec International grant is aimed specifically at businesses located in Quebec City, Canada. It collaborates with local entities to assist in business establishment and expansion.

• Businesses located in Quebec City, Canada.

The evaluation and selection of projects for the Entrepreneurial Vision - Québec 2026 grant are based on specific criteria that ensure projects align with the objectives of fostering entrepreneurship, innovation, and economic growth in Québec City.

• Alignment with Québec City's entrepreneurial goals and vision.
• Innovation and potential to advance the regional economy.
• The feasibility of the proposed project and its implementation plan.
• Capacity to secure additional financing or investment beyond the grant.
• The anticipated impact on local employment and community development.

Here is some additional relevant information for applicants considering this grant:

• Québec International offers consulting services to assist in creating a value proposition or business case.
• There is support available for finding a location or a temporary site, possibly leveraging a 'soft landing' approach.
• Applicants can gain introductions to technology or business partners through Québec International.
• Expertise is available for navigating the local taxation, legal, and financial landscape as part of the project setup or expansion.
• The Entrepreneurial Vision – Québec 2026 aims to make Québec City a leading entrepreneurial capital, with significant funding allocated toward this goal.
• There are partnerships with business incubators such as LE CAMP to support startups and business acquisition.
• Assistance is provided for entrepreneurs interested in immigrating to Québec to start or acquire a business, including identifying business opportunities and navigating immigration processes.
• The funding includes a total of $75.8 million from the Government of Québec, extended by $19.6 million, supporting the regional entrepreneurial ecosystem until March 2025.