SODEC — Support for entrepreneurial development — Stream 1

Who is eligible?

This grant is designed to support the strategic development of Quebec-based cultural enterprises, whether for-profit or non-profit, that are legally constituted and primarily engaged in activities within SODEC's fields of operation. Eligible projects focus on structured and personalized entrepreneurial support that meets the real needs of these enterprises.

• Legally constituted companies, either for-profit or non-profit, primarily operating in SODEC's cultural sectors.
• Enterprises with their head office and main establishment in Quebec, with effective control held by Quebec residents.
• Companies that have been operational for at least one year or have appropriate professional experience, or are new entities resulting from the transfer of existing cultural enterprises.
• Projects addressing specific challenges in geographic positioning, business strategy, financial management, or entrepreneurial succession and transfer.

Who is not eligible

This grant is not available for certain types of companies due to their business structure or primary activity. The purpose is to align the support with the cultural sector's strategic needs.

• Individual companies, except within the field of arts and crafts.

Eligible expenses

The grant covers specific expenses directly related to the implementation and success of the entrepreneurial development project.

• Fees for advisors and experts.
• Costs for purchasing specialized information that is pertinent and necessary for the project.
• Any other expenses that are pertinent and necessary for the realization of the project.

Eligible geographic areas

This grant is available to companies that are based in specific geographical areas within Quebec, Canada. Eligible companies must have their main office and principal establishment located in Quebec.

• Companies with their main office and principal establishment in Quebec.

Here are additional relevant details for this grant:

• The grant is designed to support cultural enterprises regardless of their stage of evolution, including start-up, diversification, succession, growth, technological shifts, restructuring, or transfer.
• 70% of the financial assistance is provided upon signing the agreement, and the remaining 30% is due once a final report is submitted and accepted.
• Beneficiaries must provide all necessary records and information for SODEC's periodic program evaluations over five years while maintaining confidentiality.
• SODEC promotes sustainable business practices and encourages applicants to adopt green and responsible approaches.
• The SODEC reserves the right to amend the payment terms based on the nature or complexity of certain projects.