PASQÉ's mission, vision and proposed strategic directions
MISSION
Support suppliers in developing a responsible supply chain for Quebec's electrical industry, focusing on productivity and innovation.
VISION
Benefit from a robust, world-class local supply chain in Quebec, maximizing collective wealth.
STRATEGIC ORIENTATIONS
- Import substitution opportunities
Prioritize strategic product substitution opportunities that will have the greatest impact. - Value-added suppliers
Prioritize and support suppliers who maximize Quebec value creation in the supply chain. - Strategic service offering
Offering unique, stakeholder-validated services that meet industry needs. - Governance
Implement neutral, fair, responsible and transparent governance and rigorous accountability processes.
PASQÉ differentiators
PASQÉ is distinguished from other programs by the following 6 differentiating factors, which also enhance its potential impact
1 | Supplier leadership
Active participation of major customers in increasing their local purchases.
2 | Strategic substitutions
Strategic selection of product substitution opportunities based on demand and economic benefits for Quebec.
3 | Predictability and visibility
Visibility and predictability of future purchases of manufactured products.
4 | Involvement of experts
Strong involvement of independent industry experts. These experienced
are called upon to contribute their knowledge of the environment and strategic
strategic substitutions at several stages of the process.
5 | Twinning and sponsorship
Support for company twinning and sponsorship.
6 | Financial and strategic support
Inclusive approach to financial support and strategic advice tailored to projects involving several public and private contributors.
Results of the first PASQÉ call for interest
HIGHLIGHTS
35
projects submitted
Finalization of decisions by the selection committee for all files in call for interest #1, in Q1 2023. Final post-mortem meeting scheduled for late April 2023.
8
approved projects
Finalization of decisions by the selection committee for all files in call for interest #1, in Q1 2023. Final post-mortem meeting scheduled for late April 2023.
20
diagnostics granted
20 candidates were selected for an STIQ diagnostic to help them assess their operational and management processes.
FINANCES
Part 1:
DIAGNOSIS
20 approved out of 28 submitted to the selection committee
Component 1 financial commitment: approximately $200,000
- Remaining funds of 550 kS until 2027
- Need for targeted market studies included in $180k request
Part 2:
IMPROVEMENT PROJECTS
8 projects approved out of 35 submitted to the selection committee
Component 2 financial commitment: $2,600 k
Remaining funds for 3 projects only
- Need to recapitalize by November 9, 2023
TO DATE
Hydro Québec: $200 k per year until 2027
Boralex: On steering committee (potential of $100 K per notice of call for interest)
DEC Canada: Request for $180 k / non-recurring
Request for MEIE support per year for components 1 and 3
FUTURE NEEDS
Component 2: 3.75 MS
Component 3: $180 k operating costs per year