SADC Lac-St-Jean Ouest — Digital Strategy Fund
Last Update: January 24, 2025
QC, Canada
Financial support for digital transition and process modernization
SADC Lac-St-Jean Ouest — Digital Strategy Fund at a glance
Eligible Funding
- Max. $50,000
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- SADC Lac-St-Jean Ouest
Status
Open
Overview of the SADC Lac-St-Jean Ouest — Digital Strategy Fund program
The SADC Lac-St-Jean Ouest — Digital Strategy Fund offers up to $50,000 in funding to help SMEs accelerate their digital transition by modernizing processes such as system implementation, automation, and IT security. The program is designed to support regional businesses in enhancing their competitiveness through technological advancements.
Financing terms and conditions
The Digital Strategy Fund offers tailored financing modalities designed to support small and medium enterprises (SMEs) in accelerating their digital transition. The fund provides flexible financial options to facilitate the modernization of business operations in various aspects such as management systems and cybersecurity.
- Loan amounts up to $50,000.
- Interest-free period for the first two years.
- Principal moratorium for the initial three months, with the possibility of extension up to two years.
- Competitive interest rates.
- Maximum amortization period of 7 years.
Eligible projects & activities
The Digital Strategy Fund encourages the modernization of small and medium-sized enterprises through targeted digital enhancements. Eligible projects are those that aim to upgrade technology and improve operational efficiency.
- Implementation of management systems.
- Automation of business processes.
- Enhancement of cybersecurity measures.
Examples of admissible projects:
$ 60,000
Sustainable packaging solutions for local food businesses
$ 45,000
Implementation of an online financial literacy program
$ 70,000
Launching a new art incubator space for youth
$ 100,000
Developing a mobile app for mental health support
$ 85,000
Enhancing remote learning for Indigenous students
Eligibility criteria of the SADC Lac-St-Jean Ouest — Digital Strategy Fund program
Eligibility for the SADC Lac-St-Jean Ouest — Digital Strategy Fund is determined by specific conditions related to the company's profile and intended digital projects.
- Projects must aim at improving efficiency or profitability through the adoption of digital tools or practices.
- Projects can focus on growing revenue, such as through e-commerce or digital marketing.
- Initiatives related to cybersecurity or other digital transformations enhancing growth or efficiency are eligible.
Who is eligible?
The grant is aimed at small and medium-sized enterprises (SMEs) located in regional areas wishing to modernize their processes through digital transformation. This includes adopting management systems, automation, and improving IT security.
Eligible expenses
The eligible expenses for the Digital Strategy Fund are focused on enhancing and modernizing business processes.
- Implementation of management systems.
- Automation of business operations.
- Information security improvements.
Eligible geographic areas
This grant is primarily intended for companies in specific localities where regional development is a priority. The focus on these areas aims to enhance the digital capabilities of businesses within them.
- SADC Lac-St-Jean Ouest region.
How to apply to the SADC Lac-St-Jean Ouest — Digital Strategy Fund program
1
Research and initial planning
- Analyze your needs regarding digital transition to define your project.
- Check your eligibility for the grant by consulting the criteria of the organization.
2
Gathering of documents
- Gather all necessary financial documents such as financial statements.
- Prepare a detailed description of your digital transition project.
3
Filling out the application form
- Access the SADC Lac-St-Jean Ouest website to find the application form.
- Fill out the form accurately and completely.
4
Submission of the request
- Submit all required documents as well as the application form to the relevant agency.
- Send the application by the recommended means (online or physical mail, according to the provided instructions).
5
Tracking of the request
- Wait for confirmation of receipt of your request from the organization.
- Be prepared to respond to any request for additional information from the organization.