SADC Shawinigan — Digital Strategy Fund - Shawinigan - QC - Canada

SADC Shawinigan — Digital Strategy Fund

Shawinigan, QC
Digital Strategy Fund supports tech transition with loans
grant_single|update January 24, 2025

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

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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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