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i.DEV360 Innovation Fund
The i.DEV360 Innovation Fund aims to promote innovation, the development of new markets, and enhance business operational efficiency. The financial assistance, which includes a grant portion, is available to the industrial, commercial, and tourism sectors.
Information
The industrial component of the i.DEV360 Innovation Fund targets companies in the following sectors:
- Manufacturing
- Distribution, Wholesale and Storage
- Related services
Eligible businesses can take advantage of the 4 different components proposed, depending on their needs:
- Part 1 – Workshops/training – digital shift * free of charge *
- Part 2 – Consultations/micro-diagnostic * free of charge *
- Part 3 – Feasibility Study – Transition 4.0/Digital Shift
- Part 4 – Project execution
Eligibility Criteria
To be eligible, the company must:
- Be in operation in Quebec for no less than a year
- Have sales between $ 500,000 and $ 25,000,000
- Propose a well-defined project (needs, objectives)
- Possess the financial, human, and material capacity to carry out the project
- Demonstrate market viability
Conditions
Part 3
- Loans from $ 3,000 to $ 15,000
- 4 % financing rate
- Amortization over 36 months
- 3-month capital moratorium
- Non-refundable assistances of $ 1,000 to $ 5,000 (until funds are exhausted)
- No application fees
Detail of financial aid |
|||||
| Minimum Project Cost | $ 5,000 | $ 10,000 | $ 15,000 | $ 20,000 | $ 25,000 |
| Loan (FLI) | $ 3,000 | $ 6,000 | $ 9,000 | $ 12,000 | $ 15,000 |
| Non-refundable assistance | $ 1,000 | $ 2,000 | $ 3,000 | $ 4,000 | $ 5,000 |
Part 4
- Loans from $ 15,000 to $ 100,000
- 4 % financing rate
- Amortization over 60 months
- 3-month capital moratorium
- Non-refundable assistances of $ 3,000 to $ 15,000 (10% of project cost, until funds are exhausted)
- Application fee of 1,5 % of the loan
Detail of financial aid |
|||||
| Minimum Project cost | $ 25,000 | $ 50,000 | $ 75,000 | $ 100,000 | $ 150,000 |
| Loan (FLI) | $ 15,000 | $ 30,000 | $ 50,000 | $ 70,000 | $ 100,000 |
| Non-refundable assistance | $ 3,000 | $ 5,000 | $ 8,000 | $ 10,000 | $ 15,000 |
Filing an application
To file an application, the entrepreneur will have to submit the Application Form below, along with all the required documentation, by email to ngagnon@developpementvs.com.
For any additional information, please contact us at 450 424-2262.
The Commercial and Tourism component of the i.DEV360 Innovation Fund prioritizes the following sectors:
- Retail
- Restaurant and food services
- Service companies
- Tourism businesses (digital shift)
Types of eligible projects
- Achieve digital transition
- Business development
- Innovation and continuous improvement
Eligibility Criteria
To be eligible, the company must:
- Be in operation in Quebec for no less than a year
- Have sales between $ 250,000 and $ 5,000,000
- Propose a well-defined project (needs, objectives)
- Possess the financial, human, and material capacity to carry out the project
- Demonstrate market viability
Conditions
- Loans from $ 3,000 to $ 30,000
- 6 % financing rate
- Amortization over 36 months
- 3-month capital moratorium
- Non-refundable assistances of $ 1,000 to $ 9,000 (20% of project cost, until funds are exhausted)
- No application fees
Detail of financial aid |
||||
| Minimum project cost | $ 5,000 | $ 15,000 | $ 30,000 | $ 45,000 |
| Loan (FLI) | $ 3,000 | $ 10,000 | $ 20,000 | $ 30,000 |
| Non-refundable assistance | $ 1,000 | $ 3,000 | $ 6,000 | $ 9,000 |
Filing an application
To file an application, the entrepreneur will have to submit the Application Form below, along with all the required documentation, by email to ngagnon@developpementvs.com.
For any additional information, please contact us at 450 424-2262.
