Innovation, productivity, and sustainable development fund

Overview of the Innovation, productivity, and sustainable development fund program:

This fund aims to support the business operating in a university accelerator or incubator in Montreal. It is used to carry out different phases of its marketing project, including: The tests and trials of an innovation in real context Validation of target markets during the development of the innovation Bringing to the market First sales Starting a new business

Benefits of the Innovation, productivity, and sustainable development fund program:

• Testing and trying out an innovation in a real-world context.
• Validating the markets targeted during the development of the innovation.
• Marketing launch.
• Generating the first sales of the innovation.
• Improving productivity, in particular by installing technological equipment and improving robotization or automation.
• Adopting clean technologies.
• Putting in place sustainable development practices, in particular those aimed at implementing circular economy business models.

Eligibility criteria of the Innovation, productivity, and sustainable development fund program:

• Have Canadian citizenship, be a permanent resident, or hold a Quebec selection certificate (CSQ)
• Be legally incorporated and registered in the Registrar des enterprises du Quebec (REQ)
• Have a Montreal-based address, and have a head office in the province of Quebec
• Provide a minimum down payment of 20% of the total cost for a pre-startup business, and at least 15% of the total project cost for a start-up or growing business for a loan and 20% when applying for a subsidy