SADC Shawinigan — Digital Strategy Fund
grant_single|update January 24, 2025
Shawinigan, QC
Digital Strategy Fund supports tech transition with loans
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Information and cultural industries
grant_single|grantors
- SADC Shawinigan
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds Stratégie Numérique offers financial aid in the form of loans up to a maximum of $50,000 to entrepreneurs for digital transition projects. Eligible activities include implementing management systems, process automation, robotics, home automation, and IT security optimization.
grant_single_labels|terms_and_conditions
This grant offers flexible financing options to support digital transition projects for entrepreneurs within Shawinigan. The financing modalities are designed to encourage technological advancements with favourable loan terms.
- Loans ranging from $10,000 to $50,000 are available for eligible projects.
- No interest is charged for the first two years.
- A principal payment holiday applies for the initial three months.
- The interest rate is based on the Bank of Canada's prime rate, adjusted according to the project's specifics.
grant_single_labels|projects
The Digital Strategy Fund supports projects aimed at facilitating the digital transition of businesses in Shawinigan. Eligible activities focus on implementing technological enhancements to improve business operations.
- Implementation of management systems.
- Automation of processes.
- Development and deployment of robotics.
- Integration of home automation technology.
- Optimization of cybersecurity measures.
- Other projects related to digital transformation.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed activities.
- The project must be related to digital transition with operations conducted in the Shawinigan area.
- The company must ensure the long-term economic viability of its business.
- The applicant must demonstrate relevant knowledge and experience in the field of operation.
- The applicant must have approached a financial institution as part of their preparatory steps.
- The applicant must demonstrate the existence of a potential market for their project.
- The company must have fewer than 200 employees.
grant_eligibility_criteria|who_can_apply
This funding is designed for entrepreneurs aiming to undertake digital transition projects within the Shawinigan area.
grant_eligibility_criteria|eligible_expenses
The fund covers expenses associated with digital transformation projects.
- Implementation of management systems.
- Process automation.
- Robotics.
- Domotics.
- Optimization of IT security.
- Other projects related to digital technology.
grant_eligibility_criteria|zone
This grant is specifically available to companies whose operations are based in the Shawinigan area. Eligible locations ensure the benefit of regional digital transformation projects.
- Companies operating within the Shawinigan territory.
grant_single_labels|apply
- Step 1: Review Eligibility Criteria
- Ensure your business operations are based in Shawinigan.
- Confirm you have less than 200 employees.
- Check that your project is related to digital transition.
- Step 2: Prepare Required Documentation
- Develop a comprehensive project plan outlining the digital initiatives.
- Gather evidence of your market potential.
- Secure initial assessments or support from a financial institution.
- Step 3: Access the Online Application
- Find the online application form for funding.
- Use a printable version to prepare your information ahead of time.
- Step 4: Submit Your Application
- Complete the online form with accurate information.
- Upload all necessary documentation as outlined in the guidelines.
- Submit your application for approval.
- Step 5: Follow Up
- Await confirmation that your application has been received.
- Prepare to provide additional information if requested during the review period.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- A printable version of the application form is available for review before beginning the online application process.
- An interest-free period is available for the first two years on the financial aid received.
- The capital repayment is deferred for the initial three months.
- A fast-track processing option is available for existing businesses requesting $50,000 or less, subject to certain conditions.
- Assistance and advice are available for the application process through consultations with the SADC Shawinigan office.
Apply to this program
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