Share Capital

By mmuise

This equity investment provides support to innovative businesses with high growth potential and also acts as a lever during subsequent rounds of financing.

Comments on Funding:

1. Funding takes the form of equity investments of up to $150,000.
2. Share capital (voting or preferred shares) with clearly defined exit clauses within a 5 year-period up to a maximum period of 7 years.
3. The investment must not exceed 49% of the voting shares of the business.
4. This loan can be combined with conditionally non-repayable financing that may cover 50% of external professional fees related to the project.

Deadline: Continuous Intake

Applicants must be growing their businesses or financing a takeover, and meeting these eligibility criteria:

  • Be legally constituted;
  • Be located in the DEL region or plan to be;
  • Operate in an eligible industry: Aerospace, Agri-Food, Transport and Logistics, Information Technology, and Life Sciences;
  • Offer innovative value-added products or services intended for a clearly defined profitable market in a B2B context;
  • Submit a project that will help to create and/or maintain jobs;
  • Demonstrate that your management team is experienced and complementary;
  • Submit a diversified financing structure, showing financial partners that are strategic to carrying out the project;
  • Submit a project for which government financing and DEL financing combined cover a maximum of 50% of the project expenses;
  • Demonstrate that the project is based on realistic financial forecasts demonstrating profitability and growth potential and potential to break even within 2 years of the investment;
  • Submit current financial statements showing an equity of 20% after the project and ability to repay;
  • Demonstrate that the business and entrepreneur are not in default to the government or its creditors, nor are they the subject of any litigation.
Application Steps:


Documentation Needed:


Other Things to Note:


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