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Every deduction Canadian small businesses miss

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Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.

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INCENTIVEQuebec

Fonds Impulsion PME (Venture Capital for Innovative SMEs)

Last verified: June 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.

See if I qualifyIssuing org

The official program page moved or was archived. The link points at the issuing organization. Please verify program details before applying.

Estimated value
$250,000 to $2 million per company (up to $4 million with co-investors)
Approval likelihood
Low
Ready to apply score
55/100
Documents needed
4

Eligibility

  • Business types:incorporated
  • Industries:Technology & Software, Healthcare & Wellness
  • Provinces:Quebec
  • Max revenue:$2,000,000
  • Requires R&D activity

What you'll need

  • Business plan and pitch materials
  • Cap table and evidence of a matching private investor
  • Financial statements showing pre-commercialization stage (total revenue under $2 million over three years)
  • Product and technology roadmap

How to apply

  1. 1Line up a private co-investor for matching capital
  2. 2Submit your file through your reference entity to Investissement Quebec
  3. 3Prepare for due diligence (applications processed year-round)

Is your business a fit for Fonds Impulsion PME (Venture Capital for Innovative SMEs)?

Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.

Check my eligibility

Related programs

INCENTIVE

Investissement Quebec Productivity Loan (Pret pour productivite)

Loans on projects from $250,000, amortized up to 15 years

INCENTIVE

Fonds PME MTL (Montreal Business Loan)

Loans up to $300,000, or up to $450,000 when combined with the innovation fund

INCENTIVE

PME MTL Fonds Entrepreneuriat commercial

Up to $25,000 in financing

A monthly digest

New programs, in your inbox.

We are in beta. Drop your email and we will write when the first digest is ready. Monthly cadence, easy unsubscribe.

Deductly CA

Every Canadian grant, tax credit, and deduction your business qualifies for. In one ranked list.

Start the assessment
Product
  • Eligibility quiz
  • All programs
  • Watch (live changes)
  • The funding journey
  • When to apply
  • Stackability map
  • Document checklist
  • Calculators
  • Tracker
  • Learn
  • Pricing
Resources
  • For accountants
  • Public API
  • RSS feed
  • What's new
  • Roadmap
  • Press
  • vs ChatGPT
  • vs Benefits Finder
By province
  • Ontario
  • British Columbia
  • Alberta
  • Quebec
  • Manitoba
  • Saskatchewan
By industry
  • Technology & Software
  • Manufacturing
  • Retail & E-commerce
  • Food & Beverage
  • Professional Services
  • Creative & Media
For
Women entrepreneursNewcomersIndigenous businessYouth foundersBlack entrepreneursFirst-hire employers
Recent guides
Deductions · 8 min

Every deduction Canadian small businesses miss

Grants · 10 min

8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

© 2026 DeductlyPrivacyTermsAboutFrançaisContact
All systems operational

Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.