REGI — Regional Innovation Ecosystems — CED (QC) — Not-for-profit
QC, Canada
Money to support business growth in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateMay 21, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Educational services
- Other services (except public administration)
grant_single|grantors
- Government of Canada
- Canada Economic Development for Quebec Regions (CED)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Your organization could get a financial contribution to assist businesses at all stages of development in scaling up and becoming more globally competitive. Investments will focus on enhancing business support networks for under-represented groups includi
grant_single_labels|projects
This funding is aimed at fostering economic development and innovation in specific Canadian regions. Business applications are targeted towards economically vulnerable areas, particularly within certain municipalities or regions.
- NPOs in economically vulnerable Regional County Municipalities (RCMs) in Canada.
- Entities located in the East End of Montréal.
grant_single|admissibleProjectsExample
$250,000
Initiating a partnership to promote tech entrepreneurship among under-represented groups
$400,000
Establishment of a legal tech hub to support innovation in the legal sector
$500,000
Creation of an industrial cluster for green technologies to foster collaboration and innovation
$300,000
Recruitment of highly skilled biotech professionals to boost innovation in the pharmaceutical industry
$300,000
Development of a technology incubator to support startups in the artificial intelligence sector
$450,000
Acquisition of advanced prototyping equipment for a medical technology research center
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria related to the type of organization and project objectives.
- The applicant must be a non-profit organization that provides services or generates benefits for businesses.
- Eligible applicants also include business incubators, accelerators, municipalities, regional county municipalities, groups, or associations (NPOs, businesses, post-secondary institutions, and consortia), and Indigenous organizations.
- The project must aim to foster closer ties among players in the ecosystem, create or maintain regional clusters, or attract foreign investment.
- The project should align with sectors such as manufacturing, food processing, information and communications technologies, or life sciences, though other sectors may also be eligible.
- The project must have clearly defined expected results, demonstrate organizational viability, show technical and financial management capacity, include financial or professional contributions from partners, and have a manageable degree of risk.
grant_eligibility_criteria|who_can_apply
Eligible applicants include non-profit organizations (NPOs) that deliver services or generate benefits for businesses, business incubators and accelerators, municipalities and regional county municipalities (RCMs), groups or associations such as NPOs, businesses, post-secondary institutions, and consortia, as well as Indigenous organizations. Eligibility extends to SMEs or NPOs located in economically vulnerable RCMs or in Montréal’s East End, which may qualify for flexible program conditions. However, entities like retail businesses, food services, transportation services, housing construction, daycare services, hair and beauty salons, and nightlife establishments are not eligible.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their main activity or sector. The restrictions aim to focus funding on fostering innovation-friendly entrepreneurial environments.
- Retail businesses, including clothing stores, grocery stores, and automobile sales and maintenance outlets.
- Food services, such as restaurants and cafés.
- Transportation services.
- Housing construction.
- Daycare services.
- Hair and beauty salons.
- Nightclubs, bars, and cabarets.
grant_eligibility_criteria|eligible_expenses
This grant supports initiatives that encourage innovation, collaboration, and entrepreneurship in various sectors. Eligible projects focus on fostering regional growth and attracting investment through advanced resources and partnerships.
- Transfer of technology and knowledge to businesses.
- Acquisition of cutting-edge equipment by recognized research centres and educational institutions, and incubators or accelerators.
- Innovation support services.
- Recruiting of highly skilled resources to increase businesses’ innovation capacity.
- Establishment of partnerships, alliances, and industrial clusters.
- Creation or development of associations, alliances, or partnerships to promote ties and networking.
- Services aimed at attracting foreign direct investment to Quebec.
grant_eligibility_criteria|zone
Eligible expenses include all costs directly related to the project that are deemed reasonable and essential to the project's implementation.
grant_single_labels|criteria
The evaluation and selection of projects under this grant consider several criteria to ensure suitability and potential effectiveness.
- The expected results of the project.
- The viability of the organization implementing the project.
- The technical and financial management capacity of the organization.
- The contribution of partners in terms of financial resources or professional services.
- The degree of risk associated with the project.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Review Eligibility and Criteria
- Ensure your organization and project meet the eligibility requirements.
- Assess your project against the analysis criteria provided.
- Step 2: Refer to Project Submission Guide
- Obtain the Project Submission Guide from the fund provider.
- Carefully read through the guide to understand the application process.
- Step 3: Contact Fund Provider
- Reach out to the fund provider for additional information or clarification if needed.
- Discuss any specific aspects of your project that might affect the application process.
- Step 4: Draft Application
- Prepare a comprehensive project proposal detailing your project's objectives and expected outcomes.
- Gather and compile all supporting documents such as budgets, timelines, and letters of support.
- Step 5: Submit Application
- Follow the instructions in the Project Submission Guide to submit your application.
- Ensure all required documents are included and the application is submitted before the deadline.
- Step 6: Confirmation of Submission
- Await confirmation from the fund provider regarding the receipt of your application.
- Keep the confirmation details for future reference and follow-up.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Financial assistance is non-repayable and usually covers up to 90% of authorized costs (50% for capital projects).
- Projects in economically vulnerable areas or in Montréal's East End may be eligible for flexible program conditions.
Apply to this program
Fueling Regional Growth with Innovation-Driven Grants
This grant stream under the REGI program provides crucial support to nonprofit organizations focused on creating an innovation-centric entrepreneurial environment within specific regions. By facilitating the growth and productivity of businesses, it aims to enhance regional economic ecosystems through various strategic initiatives.
Exploring the Depths of the REGI Program's Nonprofit Support Stream
The REGI program's dedicated grant stream is a vital resource for nonprofit organizations (NPOs) committed to bolstering innovation-driven entrepreneurial environments across designated regions. By offering significant non-repayable financial aid—often covering up to 90% of project costs—this program empowers NPOs to spearhead initiatives that are instrumental in enhancing local business ecosystems. Such support extends notably to economically vulnerable areas, including certain regions within Montreal's East End, where projects may benefit from more flexible program conditions.
The grant's primary objectives revolve around establishing stronger ties within various ecosystems, nurturing regional clusters, and attracting foreign investment. While primarily targeting the manufacturing, food processing, information and communications technologies, and life sciences sectors, the flexibility of the grant allows for the inclusion of other sectors that may align with the program's goals. This adaptability ensures that a wide range of projects can apply, tailored to the unique needs and opportunities of their respective sectors.
Supported projects could include a variety of activities, such as the transfer of technology and knowledge to businesses, the acquisition of cutting-edge equipment by recognized research centers and educational institutions, and services designed to support innovation. Moreover, recruiting highly skilled resources to bolster business innovation capacities and fostering partnership-driven industrial clusters are among the pivotal initiatives eligible under this program.
Eligibility of costs is a critical aspect of the grant, focusing on expenditures directly linked to project implementation. This encompasses reasonable costs deemed essential by the Canada Economic Development for Quebec Regions (CED). However, some restrictions exist around certain costs, such as debt refinancing, purchases surpassing fair market value, amortization expenses, and land purchases, ensuring that funding is judiciously used toward impactful, project-specific activities.
Eligible applicants primarily include NPOs serving businesses, business incubators and accelerators, municipalities, Indigenous organizations, and other collaborative associations. The application process carefully assesses projects based on expected outcomes, organizational viability, management capacity, partner contributions, and potential risks. Interested applicants are encouraged to consult the Project Submission Guide and engage with program representatives to optimize their proposals and align them seamlessly with funding objectives.
In essence, this grant stream is not just a source of financial aid; it is a catalyst for regional economic transformation. By aligning projects with national strategic priorities and fostering an environment conducive to innovation, the program helps lift communities through strengthened economies. It encourages a dynamic combination of resourceful management, strategic partnerships, and forward-thinking initiatives that drive sustainable regional development.
As the economic landscape continues to evolve, the REGI program remains steadfast in its commitment to empowering NPOs, ensuring they have the necessary support to spearhead progress and thrive in an increasingly competitive world economy. Its strategic design—focused on collaboration, innovation, and investment—positions regions to harness their potential fully, benefiting businesses and communities alike.
