Entrepreneurship and investing
Business Financing

Locate Financing…and More!

Sherbrooke Innopole possesses many financial tools to support your start-up, productivity improvement, expansion, and globalisation or implementation project.

To do so, our team of professionals favours a one-stop shopping approach, offering a single gateway to access a host of financing sources, from investment funds to banking institution loans, drawing from governmental programs, business angels and venture capital funds.

Sherbrooke has access to an Anges Québec cell, the most important business angel network in Québec, which works in synergy with Sherbrooke Innopole.

Access Sherbrooke Innopole’s Business Network

By discussing your business project with us, you obtain automatic access to an immense network of financial partners and business contacts.

The business financing and strategic advice offered by Sherbrooke Innopole enable Sherbrooke entrepreneurs to be better equipped to start, manage and finance their business.




Financing programs offered by Sherbrooke Innopole


New Entrepreneur Fund

It is often difficult for new entrepreneurs to get the funds required to start a first business.

In order to increase the amount of necessary initial capital, Sherbrooke Innopole offers entrepreneurs a non-repayable contribution of up to $15,000 through the New Entrepreneur Fund (FNE).

Eligibility Criteria

The candidate must:

  • Be a Canadian citizen or a permanent resident with main residence in Québec;
  • Be 18 years of age or older;
  • Have experience and/or training in a field related to the project;
  • Be incorporating a company for the first time;
  • Hold at least 35% of company shares;
  • Be committed to working full-time for the new business or be part of the Accélérateur de création d’entreprises innovantes (ACET) program or the Espace-inc acceleration program;
  • Be free from any bankruptcy judgement ;
  • Be committed to reimbursing the financial contribution granted if the business place moves away from Sherbrooke before a minimal 5-year period from the date of the signature of the agreement with Sherbrooke Innopole.

 The company must:

  • Be located and operate in the City of Sherbrooke;
  • Be a for-profit company;
  • Be part of the key sectors prioritized by Sherbrooke Innopole:
    1. Advanced Manufacturing
    2. Information and Communication Technologies
    3. Cleantech
    4. Life Sciences
    5. Micro-nanotechnologies
  • Create two full-time permanent jobs, including the entrepreneur(s), within the first two years of business;
  • Be based on a business plan with realistic financial forecasts that demonstrate business viability and profitability;
  • Have a level of capitalisation of at least 20% of total assets, including a maximum of 50% of the contribution granted (capitalization must include at least 10% personal cash investment / transfer of useful assets may be considered as capitalisation for up to 10%)
  • Be in pre-commercialization or start-up phase (between 0 and 6 months of commercialization).

Conditions of the Financial Assistance

  • 5% of the cost of the project, maximum of $15,000 by project to be divided among eligible candidates


Seed Fund

Our Seed Fund for innovation-driven early stage companies (pre-startup and seed) is offered in partnership with other investors. Sherbrooke Innopole can invest up to $50,000 in equity or quasi-equity capital.


Pre-commercialization Fund

Our Pre-commercialization Fund is for innovation-driven start-ups in the pre-commercialization stage or for existing businesses moving towards a technological shift, and is offered in partnership with other investors. Sherbrooke Innopole can invest up to $200,000 in equity or quasi-equity capital.


Program for Innovative Entrepreneurship

Unique in Québec, this joint Sherbrooke Innopole and Desjardins Innovatech program provides financial assistance varying from $250,000 to $1M for innovative Sherbrooke companies which are in their start-up phase.

Eligibility Criteria

The company must:

  • Conduct business activity on the Sherbrooke territory;
  • Be engaged in one of the five key sectors identified as structural elements conducive to Sherbrooke’s economic development:
    1. Life Sciences
    2. Cleantech
    3. Information and Communication Technologies
    4. Micro-Nanotechnologies
    5. Advanced Manufacturing
  • Be at business start-up phase (that is, have 1 or 2 potential customers)


Local Investment Fund

Managed by Sherbrooke Innopole, the Local Investment Fund (FLI) provides assistance for business start-up, expansion, acquisition, consolidation, and succession and transfer on the territory of Sherbrooke. The FLI provides access to bank loans up to $150,000.

Eligibility Criteria

The company must:

  • Demonstrate stability and permanence;
  • Generate significant economic returns for the territory of the City of Sherbrooke;
  • Be registered with the Registre des entreprises du Québec (REQ)
  • Be engaged in one of the key sectors identified as structural elements conducive to Sherbrooke’s economic development:
    1. Life Sciences
    2. Cleantech
    3. Information and Communication Technologies
    4. Micro-Nanotechnologies
    5. Advanced Manufacturing
  • Produce a business plan which establishes job creation as well as the potential for profitability and growth within a three-year delay;
  • Hold capital interests representing at least 20%* of total assets.
    *Different percentages apply in succession cases, depending on the value of the project.

» Investment Policy – Local Investment Fund (French)


Provided by our partners

    • Canada Economic Development (CED)
    • Export Development Canada (EDC)
    • Ministère de l’Économie, de l’Innovation et des Exportations (MEIE Minister of Economy, Innovation and Exportations)
    • Emploi-Québec (Quebec Labour Market)
    • Export Québec
    • Investissement Québec (IQ)
  • National Research Council Canada (NRC)
  • Natural Sciences and Engineering Research Council of Canada (NSERC)
  • Canadian Youth Business Foundation (CYBF)
  • Les Office jeunesse internationaux du Québec (LOJIQ)
  • Société d’investissement jeunesse (SIJ)
  • Business Development Bank of Canada (BDC)
  • Build in Canada Innovation Program (BCIP)
  • NRC Industrial Research Assistance Programs (NRC-IRAP)
  • Canada Small Business Financing Program (CSBF)


Financial Angels

Sherbrooke’s greater region can call upon a cell of Anges Québec (Business angels), a network of private investors that finance and support high-potential innovating businesses in Québec.  The Sherbrooke network, created in close collaboration with Sherbrooke Innopole and Desjardins Venture Capital, affirms the region’s economic dynamism.  Close to twenty Estrie regional investors have member status.  The members contribute to the start-up and growth of businesses, especially those based on technological innovation, by investing capital and expertise.

Each member determines its level of investment and is responsible for its investment decisions.  An angel’s role also includes coaching, participating to Board activities, promoting the project to its business network or developing business strategies.

Anges Québec favours innovating businesses targeting a global market or large national markets in areas as diverse as industrial processes and manufacturing, information technology, communications, imaging and media, materials, energy and the environment as well as medical equipment.

Business angels must be qualified investors according to Autorité des marchés financiers (AMF Financial Markets authority)

» To become a member of the Anges Québec network; contact the President and Chief Executive Officer at 514 642-1001 or fgilbert@angesquebec.com.

» To submit a project to business angels, go to the Anges Québec Web site or contact one of our financial advisors.


Specialized Financing


Venture Capital