SADC Shawinigan — Digital Strategy Fund

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.

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.

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.