How much funding can be received?

Funds up to 50000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the SADC Shawinigan — Digital Strategy Fund?

SADC Shawinigan — Digital Strategy Fund is funded by SADC Shawinigan

What are SADC Shawinigan — Digital Strategy Fund's eligibility criterias?

The project must be related to digital transformation and operate within the Shawinigan area. The business must demonstrate long-term economic viability and relevant experience in the proposed field. The company must have fewer than 200 employees.

SADC Shawinigan — Digital Strategy Fund

Last Update: January 24, 2025

Shawinigan, QC

Digital Strategy Fund supports tech transition with loans

SADC Shawinigan — Digital Strategy Fund at a glance

Eligible Funding

From $10,000 to $50,000

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Information and cultural industries

Grant Providers

SADC Shawinigan

Status

Open

Overview of the SADC Shawinigan — Digital Strategy Fund program

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.

Financing 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.

Eligible projects & activities

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.

Eligibility criteria of the SADC Shawinigan — Digital Strategy Fund program

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.

Who is eligible?

This funding is designed for entrepreneurs aiming to undertake digital transition projects within the Shawinigan area.

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.

Eligible geographic areas

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.

How to apply to the SADC Shawinigan — Digital Strategy Fund program

Project Preparation

Identify the digital project you wish to undertake in connection with the funding criteria.
Ensure that your company meets the prerequisite conditions for funding.

Financial procedures

Take steps with a financial institution to validate your ability to obtain additional funds if necessary.

Compilation of the required documents

Gather all the required documents for the analysis of your application.

Filling out the form

Complete the online funding application form via the SADC website.
Print a version of the form for your personal file if necessary.

Submission of the application

Submit your completed funding application along with the supporting documents to the SADC.

Follow-up and Contact

Contact the SADC for any questions or follow-up regarding your application using the provided contact information.

Additional information

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.

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