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DEPART Program

Up to $150,000
Type
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is tailored for you and your business. By applying, you can diversify and strengthen your economic activities, which not only benefits your business but also contributes to the vitality of your local community. You’ll gain access to funding that allows you to conduct feasibility studies, invest in innovative projects, or support post-takeover investments. With no capped funding limits, you can secure financial support that meets your unique needs.

Participating in this program promotes local entrepreneurship and sustainable development, enabling you to make a positive impact in your region while enhancing your operations. It’s an opportunity to adapt to market changes and foster growth. Plus, the process is designed to be accessible, ensuring you can easily tap into this valuable resource. By getting approved, you position your business not just for immediate needs, but also for long-term success.

Financing Details

The financing offered is a grant. This means you won't need to pay it back, which is a huge advantage for business owners looking to grow without the burden of debt.

Eligible Expenses:

  • Funds can be used for a range of purposes including:
    • Feasibility studies
    • Investment projects
    • Innovation development
    • Post-takeover investments in specific sectors as identified by the program

Restrictions on Use:

  • The funds cannot be used for personal expenses or any non-business related costs.

Fees:

  • There are no associated fees with this program, allowing you to utilize the funds fully for your business needs.

This package is designed to provide you with the financial flexibility to strengthen your business and contribute positively to your region's economy without the stress of repayment.

Qualifications

  • Location: Must be based in Quebec.
  • Sectors: Open to all sectors.
  • Employees: No minimum or maximum number of employees required.
  • Company Revenue: No minimum or maximum revenue qualifications.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.

Disqualifications:

  • None noted in the provided context.

Description

This program is designed to help your business diversify and strengthen its economic activities, which can lead to a more vibrant local economy. By participating, you have the chance to access funding that can support various initiatives. You can use this money for things like feasibility studies, investment projects, and innovation development.

With no set limitations on the amount of funding you can receive, your business has the opportunity to secure financial support tailored to its unique needs. This can empower you to invest in growth and sustainability, ultimately helping your business adapt to market changes and thrive.

You can expect a focus on local entrepreneurship and sustainable development, which means that your contributions can also have a positive impact on your community. This program is all about fostering an environment where businesses like yours can flourish and provide essential services and jobs in your region.

Program Steps

  1. Gather Information
    Start by familiarizing yourself with the program's goals and requirements. Understand how it can benefit your business.

  2. Prepare Appropriate Documentation
    You will need the following documents for your application:

    • Business registration details
    • Financial statements from the past two years
    • A detailed project proposal outlining your intended use of the funding
    • Any relevant feasibility studies or research
  3. Complete the Application Form
    Fill out the application form accurately, providing all requested information. Ensure that your details align with the documentation you've prepared.

  4. Submit Your Application
    Once everything is filled out and double-checked, submit your application through the designated platform as indicated on the program website.

  5. Follow Up
    After submission, keep track of your application status. Be prepared to provide additional information if requested.

  6. Receive Notification
    Wait for a notification regarding the status of your application. You will be informed if you are approved for funding or if further steps are required.

  7. Plan for Implementation
    If approved, develop a plan to implement your project using the funding. Ensure you meet all reporting requirements to keep transparent communication with the program administrators.

  8. Reflect on Your Experience
    After completing your project, take some time to evaluate the process. Consider how the funding helped your business and think about potential future applications.

Visit Program Website