Funding Alert: ESSOR Component One
ESSOR – component one aims to accelerate the realization of investment projects supporting business productivity through grants for studies prior to the investment project, and in some cases, its subsequent implementation.
The program is composed of three sub-components:
- Sub-component A: carrying out feasibility studies related to an investment project
- Sub-part B: realization of a digital diagnosis, a digital plan
- Sub-component C: implementation of an action plan and a digital plan
Program Funding Amount
The financial assistance granted to the company takes the form of a non-repayable contribution.
Sub-component A: 50% of eligible expenses, up to $100,000
Sub-component B: 50% of eligible expenses up to $20,000
Sub-component C: 30% of eligible expenses for a first project submitted, 20% of eligible expenses for a second project submitted, 10% of eligible expenses for a second project submitted
These rates may be increased by :
- 10% for companies with 250 employees or less and sales of at least $2.5 million.
- 10% for companies with a digital plan (Audit 4.0) resulting from the Essor program’s component 1B or from the former Industry 4.0 Audit program
Maximum amount: $100,000 per project
The company can be a for-profit company, a cooperative or a social economy company.
All sectors of activity are eligible except the following sectors:
- Primary sector (agriculture, forestry and fishing)
- Cultivation in a greenhouse or in a building having the same purpose as a greenhouse
- Packaging activities, in the case of major projects
- Mining, quarrying and oil and gas extraction
- Real estate services and rental and leasing services
- Construction, excluding projects related to the Action Plan for the construction sector and relating to the increase in productivity
- Management of companies and enterprises
- Health care and social assistance
- Educational Services
- Public administration
- Finance and insurance
- Arts, entertainment and recreation
- Telecommunications services
- Other services (except public administration), excluding:
- Retail and wholesale
- The tourism sector, where only projects related to accommodation services are eligible when they are attached to a tourism project
Priority is given to companies with 250 employees or less, whose turnover is at least $2.5 million.
Sub-component A: Carrying out feasibility studies to analyze or evaluate the technical or economic parameters of business implementation, modernization or expansion projects
The feasibility study project can be defined as:
- A market analysis
- An evaluation of the processes or technologies
- Site selection analysis
- An analysis related to the legal regulatory framework
The realization of the feasibility study can relate to:
- A factory construction project
- An expansion project
- A project to add equipment
- A project to add a production line
Sub-component B: Realization of digital diagnoses, digital plans and implementation plans
Sub-component C: Implementation of an action plan and a digital plan
The implementation project can be defined as:
- Optimization of the supply chain
- Implementation of an integrated management system (ERP) or customer relationship management (CRM)
- Compliance with standards in order to achieve international production standards
- Implementation of a costing system
- Professional fees
- Costs related to the purchase of specialized information
- Travel and living expenses
A company wishing to obtain financial assistance under the ESSOR Program must:
- Provide financial statements for the past two years (or projected financial statements for start-ups), as well as the other documents required depending on the nature of your project. These documents could be, for example, a copy of a service offer
- Write the application form and supporting documents in French, in accordance with the provisions of the Charter of the French language, with the exception of:
- Documents from sources outside Quebec
- Copies of correspondence.
- Hold a francization certificate or be in the process of obtaining one, if it has 50 or more employees, in order to comply with the provisions of the Charter of the French language (CQLR, chapter C-11, ss. 135 to 154).
- Undertake to implement an equal access program in accordance with the Charter of Human Rights and Freedoms (CQLR, chapter C-12), if it has more than 100 employees and the financial assistance granted is $100,000 or more, because the company is then subject to the contractual obligation program.
- Engage in ethical behavior not likely to tarnish, even by association, Investissement Québec’s image of integrity and probity.
Thinking of applying for financing? Don’t wait! These funds are highly competitive. Contact us today to get started!
Our team of experts will take the time to understand your current and future planned projects. We will then align these initiatives to the program in order to provide you with the highest ROI and the highest chance of approval.
- We have extensive experience working with Canadian SMEs and have the expertise to properly position and maximize your application to secure your business funding.
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- Our highly experienced delivery teams boast over 50 + years of combined grants experience and over 200+ years of combined SR&ED experience, meaning you partner with true subject matter experts who are invested in your success.
- No risk success-fee remuneration.
Contact one of our Grant experts today to get your application started ASAP before program funding is depleted! We’re here to help and answer all of your questions.
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