To value and nurture the best of Québec entrepreneurship

Our entrepreneurial ecosystem

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Together with our manager, Desjardins Business Capital régional et coopératif, CRCD has deployed innovative and unparalleled solutions in the Québec entrepreneurial market through various levers that now form its ecosystem.

Built on diverse partnerships, all drivers of regional economic development, it is designed to meet general needs as well as the needs of specific markets such as business transfers, cooperatives, women entrepreneurs, technological innovation and young farmers and business successors. Alone or in partnership, we at CRCD live our mission and our commitment to value and nurture the best of Québec entrepreneurship.

Desjardins Business Capital régional et coopératif also manages these funds:

Capital croissance PME et Capital croissance PME

About Capital croissance PME and Capital croissance PME II
Capital croissance PME and Capital croissance PME II are investment funds whose primary mission is to provide patient capital to Québec SMEs to support their projects, with a particular focus on the economic development of businesses in the regions. The funds also strive to keep SME ownership in Québec as entrepreneurs start thinking about taking their retirement.

To learn more

Invested amounts
Between $100,000 and $5 million.

Supported projects

  • Merger/acquisition
  • Expansion/modernization
  • Management buyout
  • Business succession or transfer
  • Financial strengthening

Industries
All sectors are eligible, except for natural resource exploration, financial services and real estate.

Partners
The CCPME funds are capitalized equally by CRCD and the Caisse de dépôt et placement du Québec
(www.lacaisse.com).

Website
www.capitalcroissancepme.com

Essor et Coopération

About Essor et Coopération
Essor et Coopération is a financing and collaboration solution created from the need to enrich the supply of capital available for the creation and development of Québec cooperatives. It provides support for cooperative start-ups and drives the growth of existing cooperatives, guaranteeing their sustainability and thereby fuelling economic development across Québec.

The fund aims to mobilize the various economic development players, in particular the Conseil québécois de la coopération et de la mutualité (CQCM) and the Fédération des Coopératives de développement régional (CDR), into close collaboration with financial partners by offering a tool aligned with cooperative realities. Combining the skills of each both facilitates and accelerates cooperative development.

To learn more

Financing projects
Joint financing in the form of loans or other subordinated debt securities, featuring flexible terms and conditions for minimum amounts of $50,000

Investment projects
Essor et Coopération can also support the growth of federations and cooperatives that have reached a certain stage of maturity and are seeking more capital for their operations to drive longer-term development. Target investments address capital needs of a minimum $500,000 for carrying out a variety of projects:

  • Acquisition
  • Startups
  • Expansion/modernization
  • Business succession or transfer
  • Financial strengthening

Target cooperatives

  • Employee-shareholder cooperatives
  • Worker cooperatives
  • Producer cooperatives
  • Consumer cooperatives
  • Solidarity cooperatives

Industries
All sectors are eligible, except for natural resource exploration and financial services

Partners
Essor et Coopération was formed by CRCD with the participation of the Québec government and the CQCM (www.coopquebec.coop), and has a total envelope of $45 million.

Other financial partners, including the Réseau des SADC (www.sadc-cae.ca) et CAE and the Business Development Bank of Canada, also collaborate with Essor et Coopération for additional capital dedicated exclusively to financing cooperatives in Québec.

DESJARDINS-INNOVATECH

About Desjardins – Innovatech
Desjardins – Innovatech’s primary mission is to promote and support venture capital financing for Québec companies working in technology development or industrial innovation, and business succession for Québec innovation entrepreneurs.

To learn more

Invested amounts
Between $200,000 and $5 million

Supported projects

  • Startup, development and expansion
  • Working capital needs
  • Business succession or transfer
  • Financial strengthening
  • Certification for a standard
  • Other projects with prospects for creating medium-term value and economic spinoffs for Québec

Eligible business sectors
All sectors that drive the development of technological or industrial innovation are supported, such as:

  • Leading-edge manufacturing
  • Manufacture of equipment or specialized components
  • Information and telecommunications technology
  • Clean technologies
  • Industrial technologies
  • Medical, nutraceutical equipment

Partners
Created in 2005 and managed by Desjardins Business Capital régional et coopératif, Desjardins – Innovatech, was formed through a joint initiative of the Québec government and CRCD. Desjardins – Innovatech has developed a comprehensive technology ecosystem to better support SMEs in achieving their full potential.

This technology ecosystem comprises industry accelerators and a variety of financial and business partners.

To learn more about the technology ecosystem
To learn more about support for technological innovations

Desjardins Business Capital régional et coopératif and CRCD are also equal collaborators in developing a number of funds and partnerships which complement CRCD’s entrepreneurial ecosystem. They are designed to be equally strategic for Québec companies and cooperatives:

Fonds Relève Québec

About Fonds Relève Québec
Fonds Relève Québec is designed for new entrepreneurs who want to get into business and provides financial support tailored to business transfers. Created to promote the retention and sustainability of existing Québec businesses, the fund offers successors financing on attractive conditions.

To learn more

Invested amounts
Between $50,000 and $200,000 for one individual, and up to $500,000 for several

Supported project

  • Business transfers

Industries
All sectors are eligible, except for real estate and transactions involving the acquisition of farm land.

Partners
CRCD, the Fonds de solidarité du Québec FTQ, Fondaction CSN and the Québec government

Manager
Investissement Québec

Website
www.fondsrelevequebec.com

fonds Prêt à Entreprendre

About Prêt à Entreprendre
The Fonds Prêt à Entreprendre aims to strengthen Québec’s entrepreneurial culture and drive business continuity and growth by providing concrete financial and technical support for new entrepreneurs, thereby enhancing Québec’s economic development.

To learn more

Prêt à Entreprendre is an unsecured, interest-free loan to individuals (not to businesses) designed to assist them in their investment in a first business and provide support from a mentor and follow-up by experts throughout the financing term.

Prêt à Entreprendre promotes entrepreneurial spirit and aims to support entrepreneurs’ projects in order to:

  • Help develop tomorrow’s entrepreneurs
  • Foster entrepreneurial development through guidance from a mentor and business development with expert support from the network
  • Provide leverage to access other sources of funding required by a project
  • Drive the creation of viable jobs
  • Contribute to Québec’s overall economic development

Invested amounts
Maximum of $30,000 per individual, or $60,000 for several

Partners

  • Capital régional et coopératif Desjardins
  • Caisse de dépôt et de placement du Québec
  • Québec government
  • Desjardins Group
  • Fédération des chambres de commerce du Québec
  • Fondation de l’Entrepreneurship
  • Quebecor

Website
www.pretaentreprendre.com

Femmessor

About Femmessor
Femmessor’s mission is to enable women to take an active role in Québec’s economic development by providing financing, training, assistance, and networking services in support of their business startup, consolidation, expansion, and acquisition projects across all regions of Québec.

To learn more

With a view to fostering success among businesses that are majority owned by women, Capital croissance PME II and Femmessor forged a partnership agreement designed to provide equity financing and training in understanding and promoting development capital through the regional Femmessor network. The objective is also to support SME continuity and growth and enable women entrepreneurs greater access to conventional financing.

Partners
CRCD and the Caisse de dépôt et de placement du Québec (www.lacaisse.com), through the Capital croissance PME II fund and the Femmessor Network.

Website
www.femmessor.com

Fonds d’investissement pour la relève agricole (FIRA)

About FIRA
Le Fonds d’investissement pour la relève agricole (FIRA) aims to support young people with agricultural startup, expansion or business transfer projects across all regions of Québec through investments of patient capital.

To learn more

FIRA investments are primarily in the form of subordinated loans or farmland lease agreements.

Entrepreneurs who receive financial support from FIRA can, in particular, purchase units or assets of an agricultural business, such as equipment, buildings, farmland, quotas or an entire agricultural operation.

Invested amounts
Between $50,000 and $250,000

Partners

  • Capital régional et coopératif Desjardins
  • Fonds de solidarité du Québec FTQ
  • Government of Québec

Manager
FIRA inc.

Website
www.lefira.ca