Business Launch Fund

A grant that stimulates the creation and acquisition of businesses.

Have you started a new business or acquired a company? Are you looking for financing? Together, let's make your project a reality and contribute to Laval's prosperity.

Find out about the objectives, eligibility requirements, and several other criteria for the Business Start-up Fund program.

Up to $25,000 in grants

By encouraging the creation and acquisition of new businesses and by creating or maintaining jobs in order to contribute to the distribution of wealth throughout the Laval region.

Nature of financial assistance

For fixed assets such as land, buildings, certain equipment, machinery, incorporation costs, and any other expenses of a similar nature.
For the acquisition of technologies (know-how, license or manufacturing agreement, and patents) for software or software packages.

Eligibility criteria

The company’s management must have relevant experience or training.
The company is creating or agrees to creatoe the equivalent of two full-time jobs, within 12 months of signing the agreement.
The financial assistance must correspond to 50% of the project costs, or less.
The sum of non-refundable and refundable contributions from governments and from Ville de Laval must not exceed 50% of project costs.
The company and the project must qualify for refundable financial assistance (a loan) from the Québec government’s Fonds locaux d’investissement, equivalent to the amount of the financial assistance from the Business Launch Fund. Financing for the start-up or acquisition project must include the amounts from both the Business Launch Fund and the Fonds locaux d’investissement (local investment fund).
The company’s head office and business projects must carry on or plan to carry on their main activities in Laval.
The company must be a private, for-profit business.
The company must be registered or incorporated.
The business project must have good prospects for viability and profitability. The financial needs must be duly demonstrated.
The business project must be supported by a complete business plan, including financial forecasts for a minimum of 2 years.

To find out more

Support

Our dedicated experts are at your side, guiding you through the process of acquiring or starting a business. Benefit from their expertise and experience to help you fulfill your ambitions, overcome challenges and maximize your chances of success.