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Innovating might mean:
  • Improving a product to make it attractive to a greater number of customers;
  • Adopting a new marketing strategy to increase sales or enter a new market;
  • Using state-of-the-art technology to maximize the efficiency of your business processes;
  • Implementing organizational changes to make your business more agile and be able to pursue growth opportunities.

 

The Fonds de solidarité FTQ and its experts team up to support and guide you throughout your innovation process.

A 3-STEP SOLUTION

Identify 

  
Perform a diagnosis of your business. Whether it is your products, manufacturing processes, organizational structure or marketing methods, the Fonds and its experts will support you in identifying the most promising innovation opportunities.
 
Need support to make a diagnosis?
The Fonds can support you in performing an audit of your operations*.
 
 

Validate

  
Complete a feasibility study to test the effectiveness of the contemplated actions. The Fonds and its partners recognize that this is important and will be able to support you through the completion of it, which could involve:
 
- Designing and testing a prototype;
- Assessing the effectiveness of a new technology integrated into your processes;
- Performing a market research to confirm the potential benefits of your project;
- Testing a new marketing strategy.
 
Need support to validate your idea?
The Fonds offers financing* covering up to 75% of the feasibility study costs (maximum $250,000) at a reduced interest rate and supports you with experts.
 

Implement

  

Take action to maximize the benefits from:

 
• Automating your production chain;
• Integrating a new technology into your business processes;
• Migrating to digital technologies;
• Implementing a multi-channel e-commerce platform;
• Any other innovation that unlocks the full potential of your business.
 
Need support to implement your project?
The Fonds offers financing* of $1 million or more for the implementation of your innovation project.
 

 * The financing is granted subject to compliance with applicable eligibility conditions. The offer is available to profitable Québec SMEs involved in an innovation process requiring a minimum investment of $1 million.

To learn more
Contact your investment advisor at the Fonds de solidarité FTQ or Thomas Martinuzzo, Senior Investment Advisor – Innovation

solunov@fondsftq.com
T : 514 383-2609

Role of the Fonds

The Fonds de solidarité FTQ actively supports Québec businesses in their innovation projects. With its team dedicated to innovation, its strategic vision and its broad business network, the Fonds contributes to the growth of businesses by offering patient capital.
 
The Fonds is also involved in the Québec innovation ecosystem through the development of partnerships, including the Innovation Lab Fonds de solidarité FTQ located at Le Salon 1861, a gathering place for entrepreneurs in the commercialization stage, and the Quartier de l’innovation, a Montréal-based organization promoting a culture of innovation and entrepreneurship.

Financing

The Fonds offers you financing solutions tailored to the needs of your business.

Types of financing offered
Regardless of their circumstances, the Fonds de solidarité FTQ adapts to the needs of businesses and offers them patient capital. In other words, the Fonds brings financing solutions that consider the challenges entrepreneurs face and the time they need to implement their projects.
These flexible and tailored solutions include:  
  • equity financing (common or preferred shares)
  • unsecured debt financing (debenture) 
 
Financing criteria
The Fonds prioritizes businesses meeting the following criteria:
  • Competent, dynamic and credible teams with operational experience
  • Shareholders and executives open to investors, alliances and partnerships
  • Realistic business concepts and plans
  • Innovative products meeting unfulfilled needs
  • Encouraging market and profitability prospects
  • Competitive advantages
  • Maintaining and creating sustainable jobs 
 

Our specialized team

Here are some of the many benefits of partnering with our team:
  • Diversified investment experience with innovative businesses
  • Financial solutions tailored to your needs
  • Experienced and available multidisciplinary team
  • Short-, medium- and long-term strategic support
  • Working proactively and closely with you
 

Involvement in the sector

The Fonds is actively involved in the Québec innovation ecosystem. 
It sponsors several organizations, including:
  • Quartier de l’innovation
  • Capital Intelligent Mtl
  • Le Salon 1861 (Innovation Lab Fonds de solidarité FTQ)