Principle
The Support for Innovative Businesses program consists in a financial aid program dedicated to helping businesses which have a high growth potential. It targets primarily those that set up research projects, and/or that create and develop new products or processes having technological and/or innovative components all within sectors considered as having high added value.
Admissibility Criteria
- To set up its business venture in LaSalle;
- To demonstrate the viability of the project in a moderate time span (3 years);
- To create quality viable employment;
- To put forward an innovation or an improvement to a product (new or existing) that results in gains in productivity, in competitive advantages, or advancements in technology;
- To contribute to the LaSalle territory’s economic development taking into account the strategy for economic development set forth by the Borough (PALÉE : Plan d’action local pour l’économie et l’emploi).
Admissible Activity Sectors
- Manufacturing or transformation businesses;
- Businesses of the propulsive service industries that have developed new technologies or intellectual properties within the robotic, NIT, creation and industrial design services, and industrial and scientific services laboratories sectors;
- Prioritized businesses: businesses which operate in domains such as optical-photonics, environmental technologies, and logistics and transport technologies.
Modes of Financial Aid
Pre Start-up Stage (exclusively for businesses operating in optical-photonics)
Technical Aid:
- Aid in developing a business plan;
- Aid in setting up market and feasibility studies;
- Aid in mounting a financial plan;
- Referrals to scientific partners and local intervening parties;
- Aid from field experts in validating market (or product) relevance.
Financial Aid :
- The totality of public financial aid may not exceed 50% of project costs;
- A non refundable contribution of a maximum amount of $15,000.
Creation Stage
Technical Aid :
- Aid in developing a business plan;
- Aid in setting up market and feasibility studies;
- Aid in mounting a financial plan;
- Referrals to scientific partners and local intervening parties;
- Aid from field experts in validating market (or product) relevance.
Financial Aid :
- The totality of public financial aid may not exceed 50% of project costs;
- A non refundable contribution of an amount of $15,000 to $40,000 depending on the sector of activity.
Development Stage
Technical Aid :
- Diagnosis of the five functions of the business;
- Developing a plan of action;
- Aid in developing a business plan and a financial forecast;
- Aid in mounting a financial plan;
- Referrals to partners and local intervening parties (governments, consultants, etc.);
- Referrals to experts and consultants.
Financial Aid :
- Non refundable contribution of $1,000 to effect a multifunction diagnosis or other type of diagnosis approved by Développement économique LaSalle or to devise an action plan based on a diagnosis approved by Développement économique LaSalle;
- The totality of public financial aid may not exceed 50% of project cost; in specific cases public financial aid may exceed this percentage;
- Non refundable contribution in a maximum amount of $5,000 to set up the innovation.
If you need more details concerning our financial aid programs, please contact us!
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