Innovation Productivity
No fixed amount
In-Kind Support, Loan
Description:
The Productivity Innovation initiative, which aimed to support companies on strategic, technological and financial levels to ensure the success of projects aimed at improving productivity, is now over.
Comments on Funding:
Funding takes the form of loans.
Loan terms and fees:
1. Funding amount: $50,000 and more; can cover up to 100% of project costs.
2. Capital repayment moratorium: up to 48 months.
3. Short or long term financing (up to 25 years).
Continuous Intake
Eligibility:
All companies operating in Quebec that wish to improve their competitiveness through innovation and productivity and that belong to the following sectors:
1. Manufacturing:
2. Retail business;
3. Wholesale;
4. Transportation and storage;
5. Mining;
6. Construction;
7. Waste management and remediation;
8. Professional, scientific and technical services.
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:
Investissement Québec set a target of $2.4 billion in funding over four years when the initiative was launched in 2020. This target has been largely exceeded. To date, 1,332 projects have been funded for authorized financial interventions worth $3.6 billion, representing a total project value of nearly $10.6 billion. Each dollar funded by the Corporation and funds from the Government of Québec has contributed to total investments of $2.9 in the local economy.
About the author
Maurice
