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Tech shift – Manufacturing Laval

Up to $75,000
Type
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

The Tech Shift program is a fantastic opportunity for manufacturing businesses in Laval to drive their digital transformation and automation. By applying, you'll have access to up to $75,000 for equipment and up to $25,000 for AI development. This funding can cover 25% of eligible expenses, making it easier to invest in modernizing your operations without stretching your budget.

Participating in this program can significantly enhance your production efficiency and help you integrate innovative solutions that set your business apart in the market. Plus, with no immediate repayment required, you can focus on growing your business instead of worrying about financial strain. This is your chance to not only improve your competitive edge locally but also on an international scale.

With the program being accessible to all manufacturing businesses regardless of size or revenue, it's designed to support you in navigating the challenges of modern manufacturing. Why wait? Take advantage of the funding available and invest in your business's future.

Financing Details

The financing offered through this program is a grant. This means you do not have to pay it back, making it a great opportunity for your business.

Funding Details:

  • Eligible Expenses: You can use the grant for equipment acquisition costs and the development or integration of AI-based solutions. The program covers:

    • Up to 25% of eligible expenses.
    • Maximum funding limits of $75,000 for equipment acquisition.
    • Maximum funding limits of $25,000 for AI development initiatives.
  • Ineligible Expenses: The funds cannot be used for any costs unrelated to digital transformation or automation projects. Keep in mind that personal expenses and unrelated business costs are disqualified.

  • Fees: There are no fees associated with obtaining this grant. It’s completely free to apply and receive funds for your eligible projects.

This financing is a fantastic way to invest in your business's growth without the stress of repayments.

Qualifications

  • Location: Must be a manufacturing company located in Laval.
  • Sector: Must operate within the manufacturing sector.
  • Employees: No minimum or maximum employee count requirements.
  • Revenue: No minimum or maximum revenue qualifications.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.

Disqualifications:

  • None specified.

Description

The program is here to help Laval-based manufacturing companies like yours to embrace digital transformation and automation. By providing financial support, it aims to boost your competitiveness, both locally and internationally. You could receive up to $75,000 for new equipment and up to $25,000 for AI development. This funding covers up to 25% of eligible expenses, making it easier for you to invest in modernizing your operations.

With this program, you can enhance your production efficiency and integrate innovative solutions that keep you ahead in the market. You are not bound by strict revenue limits or employee counts, which means it's accessible no matter the size of your business. Essentially, it's a chance for you to invest in the future of your manufacturing process without the heavy financial strain.

This support does not require immediate payback, giving you the flexibility to focus on growth and innovation without the pressure of repayment. It’s an excellent opportunity for your business to thrive and stay competitive in a fast-evolving industry.

Program Steps

  1. Gather Your Information
    Collect basic details about your business, including your legal structure, location, and a brief overview of your operations.

  2. Identify Funding Needs
    Determine how much funding you will need for equipment and AI development based on your intended projects.

  3. Prepare Documentation
    Compile the necessary documents to support your application, which may include:

    • Business registration and legal documents
    • Recent financial statements (e.g., profit and loss statements)
    • Equipment quotes or estimates
    • Project proposal outlining the digital transformation or automation plan
    • Any relevant certifications or licenses
  4. Complete the Application Form
    Fill out the application form accurately with the gathered information and documentation.

  5. Submit Your Application
    Ensure that you submit your application before the program deadline. Confirm receipt and follow any additional instructions provided.

  6. Wait for Approval
    After submitting, monitor your application status. Be prepared to provide any further information if requested.

  7. Receive Funding
    Once approved, you will be notified of your funding amount and any next steps for disbursement.

Visit Program Website