The new ESSOR program provides support to help businesses develop
This comprehensive initiative by the Québec government amalgamates the Audit Industrie 4.0 program with Components 1 and 2 of the concluded PME en action program (as of February 2, 2022).
ESSOR, a four-part program, is designed to:
ESSOR is more than just a program; it's a strategic initiative designed to empower businesses to expand their horizons. Recognizing the diverse needs of enterprises in their growth journey, ESSOR provides comprehensive support to fuel development, innovation, and sustained success.
- Facilitate the successful execution of investment projects.
- Accelerate business growth in Québec through support for technology modernization.
- Promote the expansion of local businesses and attract companies to settle in Québec.
- Reduce the environmental impact of Québec companies.
- Increase the participation of Québec businesses in global supply chains
ESSOR plays a pivotal role in accelerating innovation within businesses. By offering targeted support for research and development, technological advancements, and creative initiatives, the program becomes a driving force behind the innovative spirit that propels businesses forward.
Within this program, eligible businesses can receive financial assistance for digital investment projects. Specifically, the support includes a non-repayable contribution covering up to 50% of expenses related to:
- Conducting feasibility studies.
- Performing digital diagnostics and developing digital plans and action plans (Audit Industrie 4.0 measures).
- Implementing digital transformation plans.
Remarkably, this assistance can be complemented by the new Canada Digital Adoption Program, where our certified experts can cover 90% of the costs to build a digital plan (up to $15,000).
When combined, these two programs offer companies across various sectors substantial financial assistance, covering up to 80% of the total costs associated with their digital and technological transformation innovation projects.
What financial assistance can be granted to you?
The ESSOR program offers several financing possibilities depending on the project.
Financial assistance can take the form of a non-repayable contribution of up to 50% eligible for up to $100,000, a repayable contribution, a loan guarantee, an equity investment, etc.
IERP: Bridging the Gap to Digital Excellence and Business Triumph
Beyond merely securing subsidies, our commitment extends to actively assisting businesses in realizing their projects. Rely on us as your dedicated partner, providing expertise and steadfast support to ensure the successful execution and thriving results of your endeavors.
Are you ready to elevate your business to unparalleled heights through cutting-edge technologies and strategic digital initiatives?
Contact us for more information and embark on the initial journey toward transformative success.
The ESSOR program is under the oversight of Québec’s Ministère de l’Économie et de l’Innovation and is administered by Investissement Québec. For a detailed understanding of the program, please visit their official website.