Bio-Levier capitalization loan program

This program, which has a leverage effect, matches the contribution of outside investors with a loan. Thus, for a given investment in the form of equity capital, comprising a minimum of 20% funding from outside Québec, the government will grant equivalent assistance in the form of a loan.

As of the 2002-2003 fiscal year, the new program will receive an envelope of $100 million. This method of financing will enable companies to prompt more investors to commit financially to this sector of activity - the leverage effect should result in investments of $200 million in the biotechnology sector.

This program is intended for growing companies that have progressed beyond the start-up phase. A minimum investment of $7 million in equity capital per project is required, and the maximum loan is $20 million per company. Eligible companies will have ten years to repay the loan.