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Wood Innovation Program 2023-2026

Up to $2,500,000
Type
Application Difficulty
EASY
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed specifically to support your investments in innovative wood transformation projects, which means it aligns perfectly with your goals in the wood processing sector. By applying, you can access funding for advanced equipment and technologies that can enhance your operations. This is a fantastic opportunity to explore new methods of processing low-quality wood, leading to greater efficiency, cost savings, and increased revenue.

What sets this program apart is that the funding comes at no repayment cost. This means you can innovate and grow without the usual financial burdens. Conducting market and feasibility studies funded by this program can also help you identify new opportunities, setting your business up for long-term success.

With no minimum or maximum revenue thresholds, this program welcomes businesses of all shapes and sizes in Quebec. By participating, you can position your business as a leader in the evolving wood products industry and benefit from the valuable resources available to you. Don’t miss out on the chance to elevate your business capabilities!

Financing Details

The financing provided through this program is in the form of grants.

Repayment Terms and Interest Rates

  • No repayment necessary. Grants do not require repayment, so you can utilize the funds without worrying about monthly payments.
  • Interest rates: There are no interest rates associated with this program since it is not a loan.

Eligible Expenses

You can use the funds for:

  • Implementation of advanced technologies and equipment for wood processing.
  • Feasibility studies to evaluate project viability.
  • Market studies aimed at enhancing innovation and value in the forest products industry.

Restrictions on Fund Usage

  • The funds cannot be used for general operational expenses, such as payroll or day-to-day business costs.
  • There are no hidden fees associated with the program, making it straightforward to access the funding you need.

This program offers you a solid opportunity to invest in innovative solutions without the stress of repayment.

Qualifications

  • Location: Business must be located in Quebec.
  • Sectors: Open to all sectors.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.
  • Employees: No minimum or maximum employee requirements.
  • Revenue: No minimum or maximum revenue requirements.

Disqualifications:

  • None specified in the context provided.

Description

This program is designed to support your investment in innovative wood transformation projects. If your business is involved in any aspect of wood processing, this is a chance to explore new technologies that can enhance your operations. You can receive funding to implement advanced equipment that makes your processes more efficient. Additionally, conducting feasibility and market studies can help you identify new opportunities and strengthen your position in the market.

The funding can be used for a wide variety of purposes. You can invest in modernizing your equipment, improving your production techniques, or studying ways to better use low-quality wood. Every one of these actions can lead to greater efficiency, cost savings, and increased revenue for your business.

Most importantly, this support comes at no repayment cost. You can grow your business and innovate without the burden of payback. This is truly an opportunity to enhance your business capabilities while capitalizing on the valuable resources available in Quebec.

Program Steps

  1. Prepare your application: Gather the necessary information and documentation required for the application.

  2. Collect your documents: Prepare the following documents needed for your application:

    • Business registration and legal structure details
    • Previous financial statements (minimum past two years)
    • A detailed project proposal outlining your innovative wood transformation project
    • Quotes or estimates for the advanced equipment or technologies
    • Market and feasibility study plans, if applicable
    • Any relevant certifications (e.g., environmental, quality assurance)
  3. Complete the application form: Fill out the official application form with accurate and complete information about your business and the proposed project.

  4. Submit your application: Send your completed application along with the required documents to the designated program office or via the specified program website.

  5. Follow up on your application: Keep in touch with the program coordinators to check the status of your application and respond promptly to any requests for additional information.

  6. Prepare for approval: If your application is approved, be ready to implement your project and track your progress for reporting purposes.

Visit Program Website