What is conseil de l’innovation du Québec’s funding search tool?
Conseil de l’innovation du Québec is pleased to provide you with a financial assistance search tool to help you find the best grants, tax credits, tax incentives, loans, loan guarantees, equity, incubators and accelerators across Canada.
What types of programs are in conseil de l’innovation du Québec’s funding search tool?
Grants. Grants include government and private sector non-repayable financial contributions to support specific objectives, such as job creation and technology development. Grants are generally provided before or during the investment period.
Tax Credits. Tax credits are government refunds and tax reductions/credits to encourage certain investments. Tax credits are generally provided following the investment period.
Loans. Loans include government and private sector repayable contributions. Government loans may have more relaxed conditions/guarantees and lower interest rates. Loans are provided prior to the investment period.
Loan Guarantees. Loan guarantees are government support for a loan by guaranteeing or "insuring" the loan or a portion of it in the event of default by the entrepreneur. Loan guarantees are provided prior to being accepted for a loan.
Equity. The equity category in our system includes all private sector investment for a share of the ownership or long term profits in the corporation. This includes direct purchasing of shares, but could also include a variety of more complex investment instruments (including royalties, profit sharing, options, and other instruments) that are not straight loans. Equity investment may come at any time in the investment period.
Accelerators and Incubators. Accelerators and incubators are business support organizations that offer structured entrepreneurship support programs that include one or many of: coaching or mentoring services, training, networking, and professional support. They can range from a month to a year and can include a Demo Day or pitch competition event at the end of the program. These programs are typically intended for startups, with incubators being focused towards very early-stage startups in the ideation stage, and accelerators being more appropriate for pre-seed companies with an MVP and initial revenue or seed-stage businesses that are aiming to get the next level with structured support.
What kind of businesses can sign up for this service?
Any for-profit business in Canada that is incorporated or planning to incorporate can sign up. Startups as well as medium and large-sized corporations in all industries can benefit by this service by the Conseil de l’innovation du Québec.
How does the conseil de l’innovation du Québec’s funding search tool’s funding search tool identify available funding?
Using our unique search system, we filter and identify grants, tax credits, and loan guarantees for corporations based on their location (i.e., postal code) and twenty other criteria. We only include programs with available funding that fits within the selected criteria.
How does conseil de l’innovation du Québec’s funding search tool keep its system up to date?
We allow funders to add and edit their programs in the system, we use a semi-automated system to search for government programs, and we have an exceptional and dedicated research team to keep the tool up-to-date.
How does conseil de l’innovation du Québec’s funding search tool ’s funding search tool filter funding programs?
Conseil de l’innovation du Québec’s funding search tool by Conseil de l’innovation du Québec uses both primary and secondary filters to optimize your search results:
- The company profile you make when you create your account acts as the primary filters, determining which funding programs are displayed when you first log in.
- The filtering options located on the upper right-hand side of your search results are your secondary filters. These filters are tailored to any business activity or project you may be conducting and for which funding may be available.
Why do you have both year of creation and year of incorporation?
- Year of creation: Many funding opportunities and support programs exist for early-stage businesses and startups, such as microgrants, incubators and accelerators. However, most government funding and some commercial financing requires businesses to be incorporated to be eligible.
- Year of incorporation: Once a business becomes incorporated, they become eligible for more government grants, loans, loan guarantees, and tax credits, as well as any many other sources of financing. Certain programs also use the age of the business as condition for eligibility. In that case, the date of incorporation is almost always used instead of the date of creation.
How do I create an account?
Entrepreneurs can simply create an account and go. No account confirmation required.
How do I get technical assistance on using the tool? How can I make a suggestion?
Conseil de l’innovation du Québec has contracted Fundica to provide technical support for this tool. If you have ideas and suggestions for improving our funding search tool, please submit them to firstname.lastname@example.org. The Fundica team regularly reviews all suggestions received. Please feel free to share yours.