SME in Action Program
Up to 40% or $50K-250k Non-Refundable Funding.
The SME in Action program is a federal government funding program that helps SMEs carry out feasibility studies prior to the realization of investment projects in Québec. The program, administered by Investissement Quebec, has two streams; the Feasibility Studies stream and the Productivity Support stream. SME in Action will increase competitiveness and productivity, create new businesses, and stimulate more jobs and sustainable development.
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SME in Action
Amount of Funding
Funding for the Feasibility Stream:
- Eligible businesses could receive up to 40% of eligible costs to a maximum of $100,000 per project, non-refundable.
- Equipment manufacturers & processors may receive up to a maximum of $250,000 in the construction sector.
- Third-party information, services, and fees may also be covered.
Funding for the Productivity Stream:
- Eligible businesses could receive up to 40% of eligible project expenses to a maximum of $50,000 per project, non-refundable.
SME in Action
Eligible Applicants
Eligible Applicants for the Feasibility Stream:
- Applicants must be SME businesses, including for-profit enterprises, cooperatives, and social economy enterprises.
- Eligible industries include manufacturing, IT, environmental services, and value-added distribution services.
Eligible Applicants for the Productivity Stream:
- This stream supports for-profit enterprises that currently have an establishment in Quebec. This includes cooperatives, as well as social economy enterprises that fall under the following sectors:
- Manufacturing;
- Engine service sector; preferably those that participate in the production of goods or use new technologies such as:
- Information and communications technologies.
- Environmental services.
- Creation and industrial design services.
- Industrial laboratories and scientific services.
- Private research services.
- Value-added distribution centers.
- Excluded are all other sectors of activity and businesses majority owned by a Crown corporation.
SME in Action
Eligible Activities
Eligible Activities for the Feasibility Stream:
- Carrying out feasibility studies to analyze technical or economic parameters of business establishment, foster modernization or expansion projects, and decision-making for short-term Québec investments.
- Types of studies eligible for funding include analyzes of market, process or technology, site selection, and regulatory and legal framework.
Eligible Activities for the Productivity Stream:
- Must implement projects that adhere to the action plan agreed upon prior, between the organization and the Ministry.
- All projects must help grow Quebec’s economy by increasing productivity output, creating jobs, and improving Quebec’s competitiveness on the following areas:
- Supply chain optimization.
- Implementation of an enterprise resource planning (ERP) or customer relationship management (CRM) system.
- Enhancement of standard compliance to achieve world-class production standards.
- Implementation of a costing system.
SME in Action
Program Deadline
Program Deadline for the Feasibility Stream:
- Ongoing application intake will continue to accept applications until the funding pool is depleted.
- Project implementation period may not exceed a maximum and continuous period of twelve months.
Program Deadline for the Productivity Stream:
- Ongoing application intake will continue to accept applications until the funding pool is depleted.
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