The interested entrepreneur contacts a member of the Fonds Capital Culture Québec (FCCQ) and preliminary analysis begins at the first meeting.
At this point, the FCCQ indicates whether it is interested in receiving an investment proposal. If so, the entrepreneur is invited to submit a business plan and financial statements for review.
In essence, the business plan must set out the nature of the enterprise’s business activities and products, describe the purpose of the financing application, include an analysis of the enterprise’s market and competition and present the team tasked to successfully implement the business plan.
After reviewing the business plan, the FCCQ confirms its interest in investing in the enterprise and a letter of intent is presented. This document outlines the main financial and business parameters of the potential investment.
In the event of an agreement on the main investment parameters, a detailed analysis of the enterprise’s achievements and market and financial data is carried out by the FCCQ. Once this analysis is completed, the FCCQ submits an investment proposal to its board of directors for approval.
Following the approval of the proposal, an offer letter is issued to confirm the FCCQ's commitment to invest in the enterprise. This document details all the terms and conditions of the investment.
After carrying out the usual due diligence checks (legal, financial, business), the FCCQ proceeds with the disbursement of its investment and embarks on its partnership with the enterprise. The expertise of its team and its business network are then called upon to support the enterprise’s development.