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Regional Economic Intervention Fund (FIER)

Applies to: Quebec

This development fund can help your business obtain financing at the start-up, growth, succession or turnaround phase. Funding is granted as equity or quasi-equity investments and is intended mainly for businesses in the regions.

The Fonds-Soutien component provides a maximum investment of $250,000 per business. The funds are set up under the stewardship of regional conferences of elected officials (CRÉ). For each dollar invested, the government contributes two dollars.

The FIER-Régions component provides a maximum financial support of $750,000 per business for funds of less than $15,000,000 and up to 1,000,000 for funds of $15,000,000 and more.

The FIER Partners (Limited Partnership) component can help you access:

• Venture capital for certain industry sectors
• Start-up financing for your technological business
• A contribution ranging between $5,000,000 and $20,000,000 per project for developmental, strategic and catalyst projects in the regions