Evol Inclusive Business Financing
Conventional loans for Quebec businesses led by at least one underrepresented entrepreneur (women, racialized, immigrant, Indigenous, LGBTQ+, disabled).
About this program
Evol (formerly Femmessor) is funded by the MEIE and Government of Canada's Women Entrepreneurship Strategy. Through partnerships with Investissement Québec, National Bank, BDC, Fonds de solidarité FTQ, and Fondaction, Evol provides conventional loans to diversely-owned Quebec businesses with positive social/environmental impact. Combined funding envelope of nearly $60 million. Requires that at least one person from an underrepresented group hold a strategic role and own minimum 25% of shares and voting rights. Combines financing with personalized mentoring and 80% business survival rate vs 60% Quebec average.
Eligibility
Quebec businesses with at least one entrepreneur from an underrepresented group (women, racialized, immigrant, First Nations, Inuit, persons with disabilities, LGBTQ2+) holding strategic role and minimum 25% ownership. Must demonstrate intent or contribution to at least one UN Sustainable Development Goal.
Requirements
- Business based in Quebec
- Underrepresented entrepreneur in strategic role with 25%+ ownership
- Alignment with UN Sustainable Development Goals