How much funding can be received?

The Fonds de développement des entreprises touristiques (FDET) offers financial support up to $500,000 to enhance competitiveness and innovation in the tourism sector, including projects that attract new clientele and extend operational periods. Eligible activities focus on creating original, attractive, and sustainable tourism offerings to stimulate regional economies and employ new technologies for broader reach.

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The eligible projects under the Fonds de développement des entreprises touristiques aim to enhance the tourism sector by introducing innovative experiences and attracting new visitors. These projects focus on improving the existing tourism landscape and promoting sustainable development.

Enhancing customer experience at the destination.
Developing an original and attractive tourism offer that complements existing offerings.
Dynamizing regions to boost innovativeness and visibility.
Stimulating regional economies through job creation, increased visitors, and higher tourism revenues.
Using new technologies like mobile applications and websites to expand and renew the tourism offer.

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Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed projects.

The applicant must be an existing or start-up business in the tourism sector.
The applicant must be one of the following:
A for-profit business
A non-profit organization
A cooperative
A consortium of businesses
The business must not be undergoing a restructuring process.

grant_eligibility_criteria|who_can_apply

Eligible applicants for the Fonds de développement des entreprises touristiques (FDET) are:

Existing or startup businesses in the tourism sector, including for-profit enterprises, non-profit organizations, cooperatives, and business groupings.
Businesses that are not in a restructuring process.

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This grant excludes certain companies primarily due to their financial status. The restrictions ensure that funding supports robust and stable tourism initiatives.

Companies in the process of financial restructuring or recovery.

grant_eligibility_criteria|eligible_expenses

The grant covers specific eligible expenses directly related to capital expenditures and the acquisition of necessary technologies and software.

Costs directly related to capital expenditures such as land, building, and equipment/machinery.
Expenses for the acquisition of technologies, software, and integrated software solutions.
Working capital to support business operations during the first year in the context of a startup or expansion.
Exceptionally, equity investment in a business or for the purchase or repurchase of business shares.

grant_single_labels|criteria

The evaluation and selection of projects for this grant are based on specific criteria to ensure alignment with the grant’s objectives of enhancing the tourism sector.

The economic viability of the project, assessed based on:
Competence and experience of the entrepreneur.
Future prospects and permanence of the project.
Entrepreneurial profile.
Borrowing history.
Touristic relevance of the project.
Potential to attract a tourist clientele.
Contribution to improving tourism revenues.
Contribution to extending the operational period of tourism businesses.
Contribution to diversifying the regional offer.
Capital contribution from sources other than the promoter’s investment (desirable).
Support, technical and/or financial, from local development organizations.
If the region has a tourism excellence niche (ACCORD initiative), the project must be considered a priority.
Ability of the promoter to obtain all required authorizations and permits.
Compliance with sustainable development principles.

grant_single_labels|register

Here are the steps to submit an application for the Fonds de développement des entreprises touristiques (FDET):

Step 1: Verify Eligibility
Ensure that your project and organization meet all the eligibility criteria specified for the grant.
Step 2: Prepare Required Documents
Draft a comprehensive project proposal including the project's objectives, potential impact on tourism, and alignment with the fund's goals.
Prepare supporting documents such as financial statements, business plans, and any necessary permits.
Ensure inclusion of documents showing sources of private contributions (10% to 20% required).
Step 3: Prepare Financial Plan
Detail the financial requirements of your project, including a breakdown of the anticipated expenses and sources of financing.
Step 4: Contact the Fund Provider
Reach out to the Fonds de développement des entreprises touristiques for advice or clarification regarding your application.
Email: fdet@filaction.qc.ca
Phone: 1 888 525-2075, option 4
Step 5: Submit the Application
Send your completed application package to the designated contact method as per the fund regulations.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The financial assistance is available in the form of a loan, a bridge loan, or a promissory note.
The minimum financial intervention amount is $50,000, with a maximum of $500,000.
A private source contribution is mandatory, ranging from 10% to 20%.
The maximum duration for financial intervention is 7 years with a possible moratorium on capital repayment.

grant_single_labels|contact

fdet@filaction.qc.ca

1-888-525-2075

Apply to this program

Enhancing Tourism Through Innovative Development

This fund aims to boost development within the tourism industry by supporting projects that attract new clientele and extend operational periods of tourism enterprises. It seeks to foster an original, attractive, and sustainable tourism offer.

Exploring the Fonds de développement des entreprises touristiques (FDET)

The Fonds de développement des entreprises touristiques (FDET) is a strategic financial initiative by the Government of Québec designed to enhance the attractiveness and competitiveness of the tourism sector. By providing financial assistance in the form of loans, bridge loans, or promissory notes, the fund aims to stimulate regional economies, create jobs, and increase visitor numbers. The fund's focus is on innovative projects that revitalize and expand the current tourism offerings in a sustainable manner, ensuring new and exciting experience for tourists.

The fund is available to a range of organizations including for-profit businesses, non-profit organizations, cooperatives, and business groups. However, businesses undergoing restructuring are not eligible, ensuring resources are allocated to stable and promising initiatives. Notably, the fund emphasizes projects that improve customer experiences and contribute to sustainable tourism practices through innovative use of technology, such as apps or new digital platforms.

Eligible expenses under the fund include direct capital costs like land, building, equipment, and machinery, as well as technology acquisitions such as software programs and packages. The fund also supports working capital to aid businesses in their early operational phases, fostering a smooth transition into market expansion or establishment.

A distinguishing feature of the FDET is its rigorous evaluation criteria ensuring economic viability and touristic relevance. This includes the entrepreneur's experience and skills, future potential of the project, and customer attraction capabilities, underpinned by a robust financial and strategic planning process. Projects that can show substantial contribution to increasing tourism revenue and extending seasonal operations are strongly favored, particularly when they diversify the existing tourism offerings of their regions.

Furthermore, the financial intervention amount ranges between $50,000 and $500,000, with a private source contribution requirement of 10% to 20%. The financial aid provided can last up to seven years, with potential deferred capital repayment, tailoring support to the needs and timeline of the planned initiatives. This approach not only mitigates financial risks for new enterprises but also stimulates significant growth and development within the tourism sector.

Ultimately, the FDET facilitates sustainable development and regional economic dynamism by supporting projects that enhance the touristic appeal and offer of Quebec’s regions. Businesses benefit not just financially, but also from collaborative partnerships with local development organizations and a supportive policy framework that prioritizes compliant, innovative tourism growth aligned with long-term economic goals.