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Psce – Component 1 | Hellodarwin 2024

Up to $250,000
Type
GRANTS AND FUNDING
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program offers a fantastic opportunity for your business to grow and thrive in Quebec. With funding ranging from $25,000 to $250,000, it covers up to 50% of your project costs. This financial support can help you integrate into Quebec's supply chains and respond to public procurement tenders, paving the way for future export activities.

By participating, you can use the funds for several key activities. These include hiring a market development specialist or commercial representative in Quebec, obtaining necessary certifications, and developing a marketing strategy. You can also manage inventory to meet supplier requirements and register a trademark in Quebec. These steps will enhance your market reach and increase your capacity to handle larger projects.

Qualifying for this program is straightforward, and the benefits are substantial. Being approved can significantly boost your business's ability to secure larger contracts and integrate into strategic supply chains. This program is designed to help you expand your market presence in Quebec and beyond, making it an excellent opportunity for your business's growth and success.

Financing Details

Grant: The program offers financial support in the form of a grant, meaning you do not have to repay the funds provided. This grant covers up to 50% of the total project cost, with a minimum of $25,000 and a maximum of $250,000 available per project.

Eligible Expenses: You can use the grant for various project-related costs including:

  • Salaries for market development specialists or commercial representatives for up to one year.
  • Costs associated with obtaining necessary certifications or accreditations.
  • Expenses related to developing a marketing strategy and managing inventory.
  • Fees for registering a trademark in Quebec.

Non-Eligible Expenses: The grant cannot be used for:

  • Ongoing operational costs unrelated to the specific project.
  • Bonuses and social benefits for employees.
  • Expenses incurred outside the scope of the approved project activities.

Fees: There are no application or processing fees associated with this grant, making it a cost-effective option for funding your project.

Qualifications

  • Location: Business must be located in Quebec or seeking to expand markets outside Quebec.
  • Business Type: Small and Medium-sized Enterprises (SMEs) targeting the Quebec market or aiming to expand export capacity and enter markets outside Quebec.
  • Project Focus: Must aim to integrate Quebec products or services into strategic supply chains in Quebec and public markets in Quebec.
  • Eligible Activities:
    • Hiring a market development specialist or commercial representative in Quebec for the first year of employment.
    • Obtaining accreditation, compliance, or certification that meets an acquirer’s requirements.
    • Developing a marketing strategy, including conducting a market study in Quebec.
    • Developing and managing inventory when required by a supplier or for integrating into a supply chain.
    • Registering a trademark in Quebec.
  • Funding: From $25,000 to $250,000, covering 50% of project cost.
  • Industries: All industries are eligible.

Disqualifications:

  • Excluded Sectors:
    • Agriculture, forestry, fishing, and hunting
    • Mining, quarrying, and oil and gas extraction
    • Utilities
    • Retail trade (except when engaging in preproduction, postproduction activities, and having HQ in Quebec)
    • Finance and insurance
    • Real estate and rental and leasing services
    • Management of companies and enterprises
    • Administrative and support services
    • Educational services
    • Health care and social assistance
    • Arts, entertainment, and recreation
    • Accommodation and food services
    • Other services (except public administration)

Description

This program offers your business a chance to receive $25,000 to $250,000 in funding. It covers up to 50% of your project costs. The goal is to help you integrate into Quebec's supply chains and respond to public procurement tenders.

You can use the money for various activities, such as:

  • Hiring a market development specialist or commercial representative in Quebec.
  • Obtaining necessary certifications and accreditations.
  • Developing a marketing strategy and conducting market studies.
  • Managing inventory to meet supplier requirements.
  • Registering a trademark in Quebec.

This funding can help you expand your market reach and increase your business's capacity to handle larger projects. It’s a great opportunity to grow and strengthen your presence in Quebec and beyond.

Program Steps

  1. Fill out the prequalification form to confirm your project aligns with the program’s criteria. This step is essential to get a preliminary confirmation of eligibility.

  2. Review the client toolkit and the Guide de présentation des demandes - Volet 1. This will help you understand all requirements and criteria for your application.

  3. Prepare your application package. Ensure it includes the following documents:

    • Project description and objectives
    • Detailed budget outlining project costs
    • Proof of your business's legal status (e.g., business registration)
    • Resumes of any proposed market development specialists or commercial representatives
    • Any relevant certifications or accreditations you plan to obtain
    • Marketing strategy outline or market study results
    • Inventory management plan, if applicable
    • Trademark registration details, if applicable
  4. Submit your application package to Investissement Québec before the specified deadline.

  5. Await confirmation of your application. If submitted on time, it will be analyzed based on the program's criteria.

Visit Program Website