PSCE: Investment Québec's New Commercialization and Export Support Program

PSCE is a new commercialization and export support program that supports Quebec businesses. From now on, it is through Investissement Québec that financial requests associated with PSCE will be processed.

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Objectives of This New Program Dedicated to Quebec Businesses

Declined in three distinct components, PSCE aims to achieve very specific objectives. The first component aims to intensify the capacity of SMEs to commercialize their products and services in the Quebec market; commercialization being a first step towards export. The second component concerns the increase in export capacity of SMEs for projects intended for markets outside Quebec. For its part, the third component is structured around financial support for large companies in various projects intended for international markets.

Companies and Revenues Eligible for PSCE

For-profit companies, social economy companies and non-financial cooperatives are all eligible for PSCE. These companies must be legally incorporated in Quebec, or in Canada, and must have a head office in our province. Companies with revenues of at least $100M are eligible for components 1 and 2 and those whose revenues exceed $100M are eligible for component 3.

Enhanced PSCE Eligibility Process

In the old version of this program — previously named PEX (Export Program) — it was impossible for Quebec companies to claim expenses related to the development of the Quebec market. This is mainly why Investissement Québec created component 1 of PSCE. Now, this component allows it.

If the maximum grant available in the old program was $80,000, it was increased to $250,000 with the advent of the new program. From now on, hiring a sales representative, in addition to the market development expert recognized in the previous program, is considered an eligible expense!

To be eligible for the program, a submitted project must be carried out over a continuous and maximum period of 12 months. A company wishing to make a financial assistance request must include eligible expenses of at least $25,000 for components 1 and 2, and $100,000 for component 3. Previously, the minimum of eligible expenses to file a request was $15,000.

To increase your chances of obtaining a positive result in your grant application, it is essential to prepare well by gathering all the documents necessary for the preparation of your file… and at Avinova, our experts are perfectly equipped to help you do this!

Avinova’s Support: A Process Reviewed, Improved and Refined in Real Time!

To help you understand the major changes imposed by the arrival of PSCE, we offer you a very enlightening comparison.

Previously, it was unthinkable for a company from here to claim expenses to develop the Quebec market. Component 1 now allows this type of expense to be claimed.

The maximum grant was capped at $80,000 while it now reaches $250,000. The grant rate increased from 40% to 50% and the minimum of eligible expenses to file a request is at least $25,000 — for components 1 and 2 — and $100,000 for component 3, compared to $15,000 for the old program.

Finally, if it was possible in the PEX program to hire a market development expert, you have the possibility to hire a sales representative… in addition to this same expert!

Over the years, Avinova has reviewed and refined its work process to maximize the relevant returns of its clients, while respecting the production deadlines for financial requests. We have developed a turnkey process consisting of six easy-to-understand steps: attract, evaluate, confirm, produce, approve and support.

Since project validation requires expert advice to ensure compliance, put all the chances on your side to obtain the requested grants by calling on one of our advisors. We can guide you efficiently and rigorously in this sometimes labyrinthine process!

How Can You Make a Request?

To make a request in due form, or to simply consult your file, you must submit it through the Investissement Québec client portal. However, before starting the process for filing a financial assistance request, you will need to build your file, in addition to validating the eligibility of your company as well as that of your project. Avinova can of course efficiently assist you in accomplishing these tasks!

Avinova: The Experts to Guide You in Obtaining Grants for Your Company!

PSCE, which is declined in three very distinct components, aims to support the commercialization and export of international or Quebec companies wishing to invest in Quebec. Eligible for this new program are for-profit companies, social economy companies and non-financial cooperatives. With enhanced eligibility, and with the help provided by Avinova, you could benefit from the subsidies resulting from this program to offer a significant growth boost to your company.

Avinova has the necessary expertise to assist you in obtaining grants and tax credits for your company. To learn more or to be guided in the development of your file, make an appointment now with one of our advisors!