ICT Funds

An ICT fund has been established in response to the surge of growth in the ICT sector in Magog and in order to support the establishment of innovative companies in its territory.

This fund of up to $75,000, supported by the City of Magog, is aimed at startups and at companies already in Magog and seeking to expand or improve their business.

The ICT sector constitutes an economic development lever in the region. It is for that reason that the City of Magog contributes and works to provide a welcoming facilitative environment for companies that choose the region for the start-up or the expansion of their ICT business, and why it offers them a tool to help them achieve their objectives.

The City of Magog offers companies which meet the eligibility criteria established and managed by Magog Technopole, the expert in this sector, access to an ICT fund as an incentive in the form of non-refundable financial assistance.

  • The value of the fund is currently $75,000.
  • The value of grants awarded is up to $10,000.
  • Companies can file a total of two applications in 5 years.


  • Support the pre-start-up and start-up companies in the ICT, sector that have chosen the city of Magog to set up and grow.

  • Support Magog Technopole member companies in the development of new high-potential projects.

  • Contribute to the socio-economic development of the region through the development of employment in this sector and also through quality jobs.


  • The company must have an office on the Magog territory, be incorporated and have submitted its application form and a complete file to Magog Technopole.

  • The company can be a startup or an established company that is part of the ICT community animated by Magog Technopole.

  • The company must associate its request with a relevant project: establishment, development, strategic issue, etc.

  • Other criteria determined by the analysis committee.

How to submit your application

Send your request by e-mail to Annie Caplette and include the following documents :

  • Application Form

  • Business plan;
  • Financial forecast.

If you have any questions, please contact Annie Caplette by e-mail or by phone at 819 432-2773.