Créavenir
At a glance
- Max. $30,000
- Open Date : April 01, 2024
- All industries
- Desjardins
Overview
Eligibility criteria
The Créavenir grant aims to support entrepreneurs aged 18 to 39 who are unable to secure traditional financing. To qualify for this grant, applicants must meet the following criteria:
- Be between 18 and 39 years old
- Have a viable plan to start a new business or grow an existing business less than 3 years old
- Lack access to conventional financing or sufficient funding
- Be a member of a participating Desjardins caisse or agree to become one
Who is eligible
The Créavenir grant is available for young entrepreneurs between the ages of 18 and 39 who want to start their own business or have a business that's less than 3 years old. These entrepreneurs must lack access to conventional financing or sufficient funding and must be a member of a participating Desjardins caisse or agree to become one.
Eligible expenses
For the Créavenir grant, eligible expenses may include but are not limited to:
- Startup costs for a new business
- Purchase of equipment or supplies
- Marketing and advertising expenses
- Professional services related to business development
Eligible projects & activities
There are eligible projects and activities for the Cr?avenir grant:
- Starting a new business venture
- Expanding an existing business less than 3 years old
How to apply
Step 1:
- Prepare your business plan and bring it to your local entrepreneur support agency that partners with Créavenir.
- If your business plan is viable but your personal investment and guarantees aren't sufficient to get conventional financing, Créavenir might be able to help.
- Need help drawing up your business plan? Refer to the tools and tips provided in the "Start your own business" section.
Step 2:
- If your project is accepted, you'll receive mentoring for the entire start-up phase of your business.
- You'll qualify for a line of credit of up to $15,000 at prime rate + 0.5% for a 5-year period.
- You'll have access to a Business card with a limit of up to $1,000 at prime rate + 0.5%.
- You may also be eligible for a grant of up to $5,000, which can be used to qualify for other sources of financing.
Cr?avenir Grant Summary:
Cr?avenir is a program designed to assist young entrepreneurs aged 18 to 39 who have viable business plans but lack access to conventional financing. The program offers coaching, mentoring, loans, and grants to support the growth of new businesses or businesses less than 3 years old.
Cr?avenir Grant Detailed Explanation:
Cr?avenir is an initiative aimed at empowering and encouraging young entrepreneurs who are facing challenges in securing traditional financing for their business ventures. The program caters to individuals between the ages of 18 and 39 who demonstrate a clear business plan and a desire to establish or expand their businesses.
Qualified participants of the Cr?avenir program receive a range of benefits, including coaching, mentoring, financial aid in the form of loans, and grants. The support provided enables entrepreneurs to navigate the complexities of starting or growing a business, ensuring they have access to the necessary resources to succeed.
One of the key features of the Cr?avenir grant is the provision of a line of credit of up to $15,000 at an attractive interest rate, along with a business card with a limit of up to $1,000. Additionally, eligible entrepreneurs may receive a grant of up to $5,000, which can be used to qualify for other sources of financing, further bolstering their financial stability and growth prospects.
Participants in the program benefit from ongoing mentorship throughout the start-up phase of their business, helping them navigate challenges and make informed decisions. After a minimum of 6 months, the line of credit available to entrepreneurs could be increased to up to $30,000 based on their needs and credit score, providing additional financial support as their business evolves and expands.
By offering a comprehensive package of support, including financial assistance, mentorship, and guidance, Cr?avenir empowers young entrepreneurs to realize their business goals, contribute to economic growth, and create a lasting impact in their communities. The program serves as a valuable resource for aspiring and emerging business owners looking to overcome financial barriers and achieve success in the competitive business landscape.
