Compétivert
No fixed amount
Grant, Loan, Loan Guarantee
Description:
The Compétivert initiative, which aimed to encourage companies to integrate clean technologies and adopt eco-responsible practices in order to reduce their environmental footprint while increasing their competitiveness, is now over.
Comments on Funding:
1. Funding takes the forms of term loans and loan guarantee with a minimum funding of $50,000.
– up to 100% of project costs;
– short or long-term financing up to 25 years;
– capital repayment moratorium up to 48 months.
2. It also offers a financial assistance (grant) possible up to 75%* through its industrial environmental performance diagnosis – GHG (Greenhouse Gases) program.
*Certain conditions apply.
Continuous Intake
Eligibility:
Applicants must:
1. be companies that develop clean technologies or adopt clean technologies and eco-responsible practices, except those operating in the following sectors:
a) Agricultural exploitation** (** Businesses that are not eligible for Financière agricole du Québec programs could benefit from funding from Investissement Québec.);
b) Finance and insurance;
c) Real estate (certain activities are excluded);
d) Other sectors in the case where the clientele is mainly made up of individuals, with the exception of the tourism sector;
2. be businesses that wish to increase their productivity and competitiveness while reducing their environmental footprint;
3. have their head office, decision-making center and main establishment in Quebec.
Application Steps:
To continue this momentum, we invite you to discover grand V, our new initiative which aims to stimulate your investments and accelerate your shift towards innovation and sustainable productivity in order to propel your growth.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
From 2021 to 2023, $1.3 billion was authorized for 333 projects, with a total value of $4.8 billion. The three-year funding target of $1 billion has therefore been exceeded, demonstrating the commitment of businesses and the scale of the business opportunities to be seized.
About the author
Maurice