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Saint-Hyacinthe Technopole — FLI/FLS - Quebec - Canada
Open
Source verified August 12, 2026

Saint-Hyacinthe Technopole — FLI/FLS

Supports business startup, growth, and succession projects
Offered by
Saint-Hyacinthe Technopole
Funding available
Varies by project
Deadline
Open continuously
Location
Montérégie, Quebec, Canada
Who can apply

Legally constituted for-profit businesses under the laws of Quebec or Canada.

See full eligibility

Overview

Saint-Hyacinthe Technopole’s FLI/FLS supports legally constituted for-profit and collective enterprises operating in the MRC des Maskoutains, with the FLI covering up to 50% of eligible project expenses or 80% for social economy enterprises. Eligible projects include start-up, succession, acquisition, productivity improvement, digital transformation, and business expansion.
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Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Increase performance through digital transformation
  • Increase production or service capacity
  • Increase operational productivity
Eligible Funding
  • Varies by project
Funds Providers

Eligible candidates

Eligible Industries
  • All industries
Location
  • Les Maskoutains
  • Montérégie
  • Quebec
Legal structures
  • Non-profit
  • For-profit business
  • Social economy enterprise
  • Non-financial cooperative
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • All groups
Non-profit candidates
Sector of operation
  • Environment
  • Economic, Social and Community Development
  • Employment and Training
Target groups
  • Rural / Remote communities
  • Business owners / entrepreneurs
  • Nonprofits / charities
Revenue structures
  • Mixed revenue (50%+ earned)
Scope
  • Regional

Next Steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Business start-up projects at the commercialization stage.
  • Entrepreneurial succession and business acquisition projects, including the acquisition of at least 25% of an existing business as part of a transfer of management and ownership.
  • Business improvement and transformation projects focused on productivity improvement, digital transformation, sustainable organizational practices, and equipment purchase or renewal.
  • Business growth and expansion projects, including commercialization of a new product or service, export projects, growth support, or establishing a subsidiary.
  • For the FLS, temporary bridge financing pending a confirmed revenue source and business turnaround projects are also supported.

Documents Needed

  • A completed, dated, and signed financial assistance application form.
  • A business plan and/or the detailed project description required in the application.
  • A detailed breakdown of project expenses, plus the project financing structure and confirmation of any other related financial assistance or financing.
  • Financial statements for the last three years, interim financial statements if the latest statements are more than six months old or if the business has existed for less than one year, and projected financial statements.
  • A declaration of compliance with francization requirements or a copy of the francization certificate, a declaration of compliance with employment equity requirements or a copy of the Programme d’accès à l’égalité en emploi, and any other document required by the MRC.

Eligibility

Who is eligible?

  • Legally constituted for-profit businesses under the laws of Quebec or Canada.
  • Collective enterprises, including cooperatives and non-profit organizations under the Loi sur l’économie sociale, with commercial activities.
  • Businesses that operate on the territory of the MRC, have their head office in Quebec, and are registered in the Registre des entreprises du Québec.
  • Social economy enterprises; for the FLS, they must meet the conditions set out in Annex A.
  • Entrepreneurs or groups of entrepreneurs seeking to take over an existing business through a significant acquisition of at least 25%.

Who is not eligible

  • Applicants listed in the Registre des entreprises non admissibles aux contrats publics (RENA), as well as applicants whose subcontractors planned for project work are listed in the RENA.
  • Applicants that failed to meet obligations tied to prior financial assistance during the previous two years after formal notice, state-owned corporations or businesses directly or indirectly controlled by a government, and businesses under the protection of the Loi sur les arrangements avec les créanciers des compagnies or the Loi sur la faillite et l’insolvabilité.
  • Applicants with conduct that could harm the integrity image of the government or the MRC, environmentally irresponsible conduct under applicable legislation, or a history of non-compliance with labour standards or human rights legislation.
  • Businesses operating wholly or partly in armaments, fossil fuel exploration, extraction, drilling, production or refining, gambling, violent games or combat sports involving living beings, or sexual exploitation.
  • Businesses in real estate management and development, or in production, sales, and services related to tobacco or drug consumption, subject to the limited FLI-only exceptions for certain pharmaceutical-grade, licensed research and development, or industrial hemp activities; recreational cannabis and other non-authorized cannabis products are not authorized.

Eligible expenses

  • Additional working capital needed to carry out the project for a maximum period of two years, based on justified and reasonable expenses.
  • Capital expenditures directly tied to the project, including the acquisition of technology, land, buildings, equipment, machinery, and rolling stock, as well as construction, expansion, renovation, and site or premises development.
  • Professional fees incurred before the project, such as feasibility analysis, external audit, or impact study.
  • Professional fees directly tied to project delivery, including technology, equipment, and machinery implementation, and work related to acquisition, construction, renovation, and site or premises development.
  • For entrepreneurial succession projects, the acquisition of ownership securities or business assets, and professional fees directly related to the transaction, acquisition, and transfer of management.

Ineligible Costs and Activities

  • Pre-start-up projects are excluded; only businesses at the commercialization stage are eligible.
  • Activities aimed only at subcontracting or privatizing operations that would merely shift economic activity and jobs from one organization to another.
  • Expenses incurred before the application is filed.
  • Debt service, repayment of future borrowings, capital losses, capital replacement, or payments or amounts disbursed as capital.
  • Transactions between related businesses or partners, research and development expenses, normal operating expenses already present before the project, and Quebec sales taxes.

Eligible geographic areas

  • MRC des Maskoutains
  • Quebec

Selection criteria

  • Economic viability of the financed business, including lasting profitability, repayment capacity, and good prospects.
  • The promoters’ knowledge and relevant experience in the field, as well as their management knowledge and skills.
  • Environmental and societal impacts, including sustainable business practices that improve the territory’s socio-economic and environmental performance.
  • The company’s openness toward workers and its approach to labour relations.
  • The participation of other financial partners and the impact of the file on the balance and long-term sustainability of the funds.

How to apply

  • Complete, date, and sign the financial assistance application form.
  • Attach the required project documents, including the business plan and/or detailed project description, the detailed breakdown of project expenses, and the project financing structure with confirmation of any other related financial assistance or financing.
  • Attach the required financial statements, applicable compliance declarations or certificates, and any other document required by the MRC.

Processing and Agreement

  • The MRC is responsible for the eligibility review, analysis, and decision on financial assistance applications.
  • Applications are processed and analyzed on a continuous basis once all required information and documents have been provided, subject to fair treatment, budget availability, and compliance with the management rules.
  • In joint FLI/FLS financing, a single loan agreement is used, showing the combined loan amount and weighted interest rate; if terms differ, the agreement presents two loan portions.
  • Any early repayment must be applied pro rata between the two funds.
  • If the borrower fails to meet its obligations, the funds may use legal recovery mechanisms, and recovery costs are shared between the FLI and FLS according to their investment proportions.

Additional information

  • Promoters can expect support, advice, and appropriate technical assistance from the MRC or its delegated organization.
  • Project mentoring, especially for start-ups, is presented as a way to improve the chances of success and strengthen an application.
  • The funds are intended to act as a financial lever to help businesses secure other sources of capital, including conventional loans, subsidies, equity, or other complementary financing.

Contacts

450774-3141

Availability timeline

2026
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Other components of this program

Explore related funding streams and grants that belong to the same program.

Frequently Asked Questions about the Saint-Hyacinthe Technopole — FLI/FLS Program

What is the Saint-Hyacinthe Technopole — FLI/FLS?

Saint-Hyacinthe Technopole’s FLI/FLS supports legally constituted for-profit and collective enterprises operating in the MRC des Maskoutains, with the FLI covering up to 50% of eligible project expenses or 80% for social economy enterprises. Eligible projects include start-up, succession, acquisition, productivity improvement, digital transformation, and business expansion.

What is the deadline to apply?

The program is accepting continuous intake

Who is eligible for the Saint-Hyacinthe Technopole — FLI/FLS program?

To be eligible for the Saint-Hyacinthe Technopole — FLI/FLS program, you must: The applicant must be a legally constituted for-profit or collective enterprise with commercial activities. The business must operate on the territory of the MRC, have its head office in Quebec, and be registered in the Registre des entreprises du Québec. Only commercialization-stage businesses are eligible; pre-start-up projects are excluded.

What expenses are eligible under Saint-Hyacinthe Technopole — FLI/FLS?

Business start-up projects at the commercialization stage. Entrepreneurial succession and business acquisition projects, including the acquisition of at least 25% of an existing business as part of a transfer of management and ownership. Business improvement and transformation projects focused on productivity improvement, digital transformation, sustainable organizational practices, and equipment purchase or renewal. Business growth and expansion projects, including commercialization of a new product or service, export projects, growth support, or establishing a subsidiary. For the FLS, temporary bridge financing pending a confirmed revenue source and business turnaround projects are also supported.

Who can I contact for more information about the Saint-Hyacinthe Technopole — FLI/FLS?

You can contact Saint-Hyacinthe Technopole or by phone at 450774-3141.

Where is the Saint-Hyacinthe Technopole — FLI/FLS available?

The Saint-Hyacinthe Technopole — FLI/FLS program is available Montérégie, Quebec.

Is the Saint-Hyacinthe Technopole — FLI/FLS a grant, loan, or tax credit?

Saint-Hyacinthe Technopole — FLI/FLS is a Loans and Capital investments