Innovation-Driving Investment Initaitives

The Government of Quebec has launched the Grand V initiative, a $4.5 billion CAD funding program aimed at promoting sustainable innovation and boosting productivity among Quebec businesses. Managed by Investissement Quebec, the initiative provides debt and equity financing to companies of all sizes, supporting projects that enhance productivity and reduce environmental impact. The program is designed to help businesses adopt sustainable practices and technologies, contributing to a greener economy.

Grand V focuses on addressing the productivity gap between Quebec and other provinces, such as Ontario, by encouraging innovation and investment in sustainable solutions. Companies can apply for term loans starting at $250,000 CAD, with repayment timelines of up to four years, and equity financing options are also available. The initiative includes support for research and development, adoption of eco-friendly technologies, and consulting services to help businesses implement sustainable projects.

By fostering a culture of innovation and sustainability, the Grand V initiative aims to position Quebec businesses for long-term success in a competitive market. The program aligns with the government's broader goals of economic growth, environmental stewardship, and social well-being, ensuring that businesses can thrive while minimizing their ecological footprint.

Image Credit: Government of Quebec