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Immigrants Investor Financing

Immigrant Investor financing is a unique and advantageous formula. The interest on investments made by immigrant investors, managed by Investissement Québec, is distributed as a non-repayable contribution to companies here.

To receive funding, you must have a recommendation from an accredited financial intermediary recognized by Investissement Québec. The intermediary will help you draw up a list of all the information you will need to submit.

 

List of financial intermediaries »

 

A unique product for a unique undertaking!

Whatever stage your company has reached in its development, most growth-related projects are eligible.

 

  • Initiatives to expand, modernize or enhance production
  • Certification of compliance with a specific standard
  • Innovations in technology or design
  • Commercialization of products outside Québec

 

Did you know?

 

You could receive a grant of $40,000 to $250,000 and covering up to 10% of project costs.

 

Help in achieving your objectives

When the time comes to make your project a reality, we know every dollar counts. That’s why this solution is so advantageous.

WHAT WE OFFER

WHAT YOU GET

A non-repayable contribution

Additional liquidity with no repayment worries

 

A contribution of $40,000 to $250,000, depending on project costs*

Plenty of breathing space to grow your business

 

Financing covering up to 10% of total project costs (15% for business start-ups)

 

For projects costing between $300,000 and $400,000, the amount of the financial assistance is set at $40,000

Extra help in making your ambitions come true

 

* The contribution is paid out over four years. The maximum is $250,000 per company within a three-year period.

Specific requirements

  • Your company must have consolidated total assets of less than $35 million.
  • Project costs must total at least $300,000 (or $270,000 for businesses in the start-up phase).
  • Your project must have a maximum duration of two years.
  • When the financial intermediary submits your file to IQ Immigrants Investisseurs inc., the project may already be under way but must not yet be completed. If it has begun, only those expenses incurred in the 12 months preceding the financial intermediary’s submission date are eligible.

Eligibility Criteria

To be eligible, your company must operate in one of the following industries:

 

  • Manufacturing
  • New economy - Biotechnology, pharmaceuticals, aeronautics or aerospace
  • High-value-added information technology
  • Tourism
  • Environmental restoration
  • Recycling, waste recovery and processing
  • Call centres
  • Aquaculture, sea farming and marine biotechnology
  • Specialized horticulture

Cooperatives and non-profit organizations operating businesses in industries other than those listed above may also qualify, under certain conditions.

 

Fees

 

No fees will be charged by IQ Immigrants Investisseurs inc., the financial intermediary or financing consultants to process your file.

Procedure

Step 1

Contact a financial intermediary accredited with the program to submit your application, or contact an Investissement Québec advisor who will answer your questions.

 

Step 2

The financial intermediary or advisor will help you draw up a list of the information required: business plan or application for a non-refundable financial contribution, description du projet, financement recherché, dépenses projetées, plan marketing, etc.

 

Step 3

The financial intermediary will submit your application to IQ Immigrants Investisseurs inc. We will review your file and then contact you.

January 2012

See also


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