On Monday, the government unveiled an amount of approximately $120 million that will be used to better equip and support entrepreneurs over the next three years.
With an envelope totaling $121.7 million, including $64.4 million dedicated mainly to business financing, the 2022-2025 Quebec Entrepreneurship Plan (PQE) aims both to help entrepreneurs financially, but also to provide tools and encourage the birth of new businesses.
“The Quebec Entrepreneurship Plan is an important tool for carrying out our [Québec research and innovation strategy], because it will allow us to work on all the elements of the entrepreneurship chain. We will stimulate innovation and we will create wealth for Quebec,” exclaimed the Minister of the Economy, Pierre Fitzgibbon, in a press release.
According to the government, Quebec has approximately 220,000 businesses, the vast majority of which are SMEs. “The province is however the one with the fewest businesses per capita, far behind the Prairie provinces, British Columbia and Ontario,” he lamented in the PQE.
To reverse this trend, in addition to financing projects and businesses, Québec is focusing above all on promoting the profession of entrepreneur and better support for people who start a business.
“With the Quebec Entrepreneurship Plan, our government recognizes the multiple specificities of entrepreneurs and wishes to offer the same chance to all groups from diverse backgrounds to carry out their future projects,” underlined the Minister for the Economy, Lucie The lesson.