REGI — Business Scale-up and Productivity — CED (QC) — Not-for-profit
QC, Canada
Funding for business innovation and growth through CERI program
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
grant_single|grantors
- Government of Canada
- Canada Economic Development for Quebec Regions (CED)
grant_single|status
grant_card_status|open
grant_single_labels|preview
The grant aims to stimulate innovation and growth for businesses at various development stages, offering financial assistance up to 50% of eligible costs for SMEs and 90% for non-profits. It supports projects that promote expansion, productivity, and innovation through activities like equipment acquisition, technology adoption, market development, and management improvements.
grant_single_labels|terms_and_conditions
This funding program provides varying financial support according to the type of recipient, aiming to boost innovation and productivity at different stages of business development. The funding modalities are structured to maximize impact and minimize financial burden on not-for-profit organizations compared to private enterprises.
- For private enterprises (PMEs), financial assistance can extend up to 50% of the eligible project costs, which is repayable without interest, with repayments commencing two years after project completion.
- For not-for-profit organizations (OBNLs), the assistance is non-repayable and can cover up to 90% of the eligible costs, but only up to 50% for capital projects.
- Eligible costs must be directly related to the project, deemed reasonable by DEC, and essential for its realization, with some restrictions potentially applicable.
- Non-eligible costs include refinancing existing debt, acquiring any asset exceeding fair market value, depreciation expenses, goodwill-related expenses, and land acquisition.
grant_single_labels|projects
This grant supports projects that aim to increase business productivity and expansion through innovation. Eligible activities are designed to enhance production capacity, adopt new technologies, and develop new market strategies.
- Acquisition of production equipment, machinery, and digital infrastructure.
- Evaluation, adaptation, or adoption of new production technologies and processes.
- Activities to boost productivity and innovation capacity.
- Implementation of commercialization and market development strategies.
- Participation in trade fairs and prospecting visits.
- Hiring marketing personnel and conducting advertising campaigns.
- Market diagnostics and studies.
- Technology showcases and demonstrations.
- Hiring resources to form high-performance teams.
- Adoption of best practices and management systems, such as integrated management software.
grant_single|admissibleProjectsExample
$ 45,000
Develop market strategies and enhance brand visibility
$ 75,000
Expand product lines with new manufacturing technology
$ 60,000
Adopt new technology in renewable energy solutions
$ 180,000
Establish a collaborative innovation hub for local businesses
$ 50,000
Boost production capacity with new machinery acquisition
$ 35,000
Implement a digital infrastructure for operational efficiency
grant_single_labels|admissibility
Eligibility for this grant is determined by the type of organization applying and the nature of the proposed project.
- The applicant must be a Small or Medium Enterprise (PME), a Cooperative, a Business Group, a Non-Profit Organization (OBNL), a Business Support Organization, or an Indigenous organization.
- Retail businesses, food services, transportation services, residential construction, daycare services, salons, nightclubs, bars, and cabarets are not eligible.
grant_eligibility_criteria|who_can_apply
This grant potentially offers financial support for projects from small and medium enterprises (SMEs), cooperatives, business groups, non-profit organizations (NPOs), business support organizations, and Indigenous organizations. These entities must be involved in sectors that include manufacturing, food processing, information and communication technologies (ICTs) and multimedia, or life sciences, although other sectors may also be eligible."
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries based on their main activities. The aim is to focus resources on sectors promoting innovation, productivity, and growth.
- Retail businesses, such as clothing stores and grocery stores.
- Food service establishments, including restaurants and cafés.
- Transportation services.
- Residential construction companies.
- Daycare services.
- Hair salons and beauty salons.
- Nightclubs, bars, and cabarets.
grant_eligibility_criteria|eligible_expenses
The eligible expenses for this grant are those directly related to the project's execution, deemed reasonable by DEC, and essential for its completion.
- Costs directly linked to the project's essential activities.
grant_eligibility_criteria|zone
This grant includes special conditions for entities located in economically vulnerable regional county municipalities (MRC) and the East of Montreal. This targets areas identified for regional economic improvement within Quebec, Canada.
- Economically vulnerable regional county municipalities (MRC) in Quebec.
- The East of Montreal, Quebec.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria, but specific point scores have not been explicitly given in the context provided.
- Expected results of the project.
- Viability of the business or non-profit organization.
- Technical and financial management capacity.
- Contribution of partners in financial resources or professional services.
- Degree of risk associated with the project.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Assess Eligibility
- Review the grant's eligibility criteria to ensure your organization qualifies.
- Ensure your project aligns with the sectors and activities supported by the grant.
- Step 2: Project Definition
- Define the scope and objectives of your project clearly to align with the grant's purpose.
- Identify and outline the expected outcomes and benefits of your project.
- Step 3: Financial Planning
- Prepare a detailed budget that outlines all eligible and ineligible costs.
- Ensure your budget aligns with the grant's funding levels (up to 50% for PME and up to 90% for OBNL).
- Step 4: Gather Documentation
- Collect necessary documents such as business plans, financial statements, and proof of eligibility.
- Gather letters of support from partners if applicable.
- Step 5: Application Drafting
- Draft a comprehensive application including all required information and documents.
- Align your application narrative with the objectives of the funding program.
- Step 6: Submit Application
- Submit your completed application to the relevant department or portal.
- Ensure submission is before the specified deadline, if applicable.
- Step 7: Confirmation and Follow-up
- Await confirmation of receipt from the funding body, which may be via email or portal notification.
- Follow up if confirmation is not received within a reasonable timeframe.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The grant is part of the CERI program, which may have wider implications or opportunities for collaboration within the program framework.
- Grants for SMEs are interest-free, implying cost savings compared to traditional financing.
