Mature companies established in Quebec with good experience on markets outside Quebec
Services
Panorama (Investissement Quebec)
Panorama is an Investissement Quebec term loan of $250,000 to $1,000,000 that finances working capital for mature Quebec exporters diversifying their markets in Canada and internationally outside the United States, combined with accompaniment from about 60 IQ export experts. It features a capital repayment moratorium of up to 24 months and no security or corporate/personal guarantee for companies with solid financial health and export experience. Needs above $1M are covered by combining IQ solutions (e.g., grand V) and partners such as EDC. Launched February 19, 2025 in response to the US tariff threat.
Overview
Panorama is an Investissement Quebec term loan of $250,000 to $1,000,000 that finances working capital for mature Quebec exporters diversifying their markets in Canada and internationally outside the United States, combined with accompaniment from about 60 IQ export experts. It features a capital repayment moratorium of up to 24 months and no security or corporate/personal guarantee for companies with solid financial health and export experience. Needs above $1M are covered by combining IQ solutions (e.g., grand V) and partners such as EDC. Launched February 19, 2025 in response to the US tariff threat.
Key numbers
| Item | Value |
|---|---|
| Instrument | loan |
| Level | provincial |
| Region | QC |
| Administrator | Investissement Quebec |
| Min per project | $250,000 |
| Max per project | $1,000,000 |
| Intake status | Open (ongoing); arranged directly with an IQ account director or via the contact form |
| Non-US bias | Purpose is market diversification outside the United States; services for the US market are subject to certain conditions |
Eligibility
Product or service with demonstrated potential in the target market
Project must not cause relocation out of Quebec (job losses, plant closures, etc.)
Project must comply with international trade rules
Startups are not eligible
Excluded sectors
healthcare personnel staffing agencies, accounting firms, cryptocurrency, finance and insurance, real estate (land subdivision), PR and media services (except advertising agencies), legal services
Restricted sectors (subject to conditions)
agriculture and fishing (unless not eligible for Financiere agricole du Quebec programs), cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, and direct-to-consumer (B2C) including retail
What it covers
Working capital to increase or diversify sales in Canada and internationally (outside the US)
Business development on diversification markets (consulting fees, travel and promotion costs, hiring of a local representative, legal fees)
Costs of opening an office abroad (sales, services or logistics)
Costs to respond to a contract from a non-Quebec buyer
For needs above $1M
acquisition of a foreign company to extend a sales network, diversify a product portfolio or establish manufacturing partnerships; purchase of new equipment or an added production line to meet an international lead customer's requirements
Accompaniment
strategic diversification advice, market intelligence on selecting and attracting target markets, business opportunity spotting including public markets, matchmaking with potential clients
Market and diversification rules
Focus on diversification outside the United States; US services are subject to certain conditions
Up to $1M needs
single term loan of $250,000 to $1,000,000 with capital moratorium up to 24 months
Above $1M needs
combination of IQ financing solutions (e.g., grand V and Panorama) and partners such as EDC
Strengthened collaboration with Export Development Canada (EDC) to accompany companies diversifying internationally
How to apply
Discuss the solution with your IQ account director (directeur de compte)
Call the IQ reception and information service at 1 844 474-6367
Or submit the contact form at the bottom of the Panorama page on investquebec.com
No online portal
Panorama is arranged directly with an IQ advisor
Stacking notes
Can be combined with other IQ financing (e.g., grand V) and partners such as EDC for larger diversification projects
Intended to complement private financing and federal tools such as EDC, not replace them
Repayable term loan
funds must be repaid per the loan agreement (not a grant)
Notes
Launched February 19, 2025 in Montreal to help Quebec exporters reduce dependence on the US market
Combines flexible financing with personalized accompaniment from about 60 IQ export experts, the Quebec economic network in Canada and abroad, and local partners
No security or corporate/personal guarantee is required provided the company meets solidity and credit-quality criteria; securities may be required otherwise
Relevant services
The services below are grant-eligible: CanExport and EDC reimburse up to 50% for incorporated Canadian exporters.
Book a free readiness call
Grant programs can reimburse up to 50% of eligible market-entry costs. In one free call we tell you honestly whether your product fits a non-US market.
Book a free readiness call