Administered by Government of Quebec · Last verified: July 2026
A $200 million venture capital fund run through Investissement Quebec that helps young innovative technology companies raise early-stage capital. Relaunched in 2025 as a fund, it invests alongside private investors on at least a one-to-one basis. Investments range from $250,000 to $2 million per company, and up to $4 million when several co-investors take part. It targets pre-commercialization companies, with priority for life sciences, artificial intelligence, and clean technology.
The official program page moved or was archived. The link points at the issuing organization. Please verify program details before applying.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityFonds Impulsion PME (Venture Capital for Innovative SMEs) is generally open to incorporated businesses, in Quebec, in Technology & Software, Healthcare & Wellness, with revenue under $2,000,000, that carry out research and development. Confirm the full criteria on the official program page before applying.
The estimated value is $250,000 to $2 million per company (up to $4 million with co-investors). The actual amount depends on your eligible costs, the program's budget, and approval.
1. Line up a private co-investor for matching capital 2. Submit your file through your reference entity to Investissement Quebec 3. Prepare for due diligence (applications processed year-round)
Loans on projects from $250,000, amortized up to 15 years
INCENTIVELoans up to $300,000, or up to $450,000 when combined with the innovation fund
INCENTIVEUp to $25,000 in financing