Financement Compétivert

By mmuise
Description:

Investissement Quebec provides term loans and loan guarantees to Quebec businesses wishing to improve their competitiveness and reduce their environmental footprint by integrating clean technologies and eco-responsible practices.


Comments on Funding:

Funding takes the form of loans and loan guarantees.

Loan terms and fees:
1. Minimum loan: $50,000.
2. Loans can cover up to 100% of project costs.
3. Capital repayment moratorium: up to 48 months.


Eligibility criteria*
All companies operating in Quebec that develop clean technologies or adopt clean technologies and eco-responsible practices, except those operating in the following sectors:
- Agricultural exploitation**
- Finance and insurance
- Real estate (some activities are excluded)
- Other sectors in the case where the clientele consists mainly of individuals, with the exception of the tourism sector

Examples of eligible projects
Working capital and fixed assets related to projects allowing the development or adoption of a clean technology or an eco-responsible practice, for example:

- Innovation approach towards the adoption of clean technologies or eco-responsible practices (e.g. consultation and expert fees, study and diagnosis fees, certification, etc.)
- Acquisition of clean technology aimed at improving sustainable productivity while reducing its environmental footprint (e.g. equipment aimed at transitioning or improving energy efficiency, purchase of electric transport equipment, use of renewable energies and bioenergies in the production process, installation of a water, air or soil treatment system, etc.)
- Adoption of eco-responsible practices aimed at integrating environmental concerns into the business model (e.g. circular economy, management and recovery of residual materials, etc.)
- Development of clean technology to measure, prevent, limit, reduce or correct environmental damage, including that which saves resources or causes less environmental damage than their counterpart in the market (e.g. electrification of transport, green chemistry, sustainable agriculture, energy efficiency, renewable energies, etc.)

Deadline: Continuous Intake
Eligibility:

All companies operating in Quebec that develop clean technologies or adopt clean technologies and eco-responsible practices, except those operating in the following sectors:

  • Agricultural exploitation
  • Finance and insurance,
  • Real estate (some activities are excluded),
  • Other sectors in the case where the clientele consists mainly of individuals, with the exception of the tourism sector.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise