Regional innovation ecosystems

Through the REGI program, CED supports projects that help create a regional entrepreneurial environment conducive to innovation, which supports business needs at all development stages and fosters business growth and competitiveness by:

  • bringing together ecosystem players
  • supporting the development, sustainability and growth of regional clusters
  • attracting foreign investments

Here are examples of eligible clients, types of activities that can be supported and the financial assistance that can be provided.

Eligibity

Examples of eligible clients

  • Businesses (SMEs and organizations operating facilities or engaged in commercial activities)
  • Non-profit organizations (NPOs) that provide services for businesses
  • Business incubators and accelerators
  • Municipalities and regional county municipalities (MRCs)
  • Business groups and associations, including non-profit organizations, enterprises, post-secondary education institutions or consortiums

Examples of non-eligible clients

  • Retail businesses, e.g. clothing stores, grocery stores and automobile maintenance and sales
  • Food services, e.g. restaurants, cafés
  • Transportation services
  • Housing construction
  • Daycare services
  • Hair and beauty salons
  • Nightclubs, bars, cabarets

If you are among the non-eligible clients, we invite you to consult our network of partners that may be able to help you.

Main analysis criteria

Projects are reviewed based on specific criteria, including:

  • anticipated results of your project;
  • viability of your business or organization;
  • your technical and financial management capacity;
  • partner contributions in financial resources or professional services;
  • level of risk.

Activities that can be supported

Examples of activities

  • Transfer
    • Technology transfer to businesses
    • Knowledge transfert
  • Innovation Support
    • Recruitment of specialized resources
    • Strategy development
  • Partnerships and alliances (network structuring)
    • Networking and business contacts
    • Creation or development of associations/alliances/partnerships
  • Services/support to companies
    • Establish, expand or modernize a facility for providing specialized services in support of entrepreneurship or businesses, including platforms, innovation assets, tools and testbeds;
    • Consulting, business support including investment attraction and guidance services
    • Implementation of initiatives

Financial assistance

Types of assistance

  • Repayable contribution
  • Non-repayable contribution for non-profit projects

Rate of assistance

  • Generally up to 50 percent of authorized costs for SMEs
  • Generally up to 90 percent of authorized costs for NPOs

Authorized costs

All costs directly related to the project, deemed reasonable by CED and essential to its completion. Restrictions may apply in certain cases.

Non-eligible costs

All costs that are non-essential and not directly related to the project, including:
  • refinancing of an existing debt
  • purchasing an asset above its fair market value
  • depreciation costs
  • goodwill costs
  • land purchasing

Submitting a project

Consult the project submission guide to find out how to submit a project and apply for financial assistance.

To find out whether this type of project is targeted in your region, contact an advisor from your business office. The advisor will be able to inform and advise you or guide you in delivering your project, while considering the action priorities in your region and the availability of CED funding.

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