How much funding can be received?

<p>Le Fonds ADM / 375 idées s'engage à propulser la nouvelle génération d'entrepreneurs montréalais en les soutenant financièrement dans la concrétisation de leurs projets. Son ambition est de stimuler l'innovation et le dynamisme économique en offrant un appui concret à 375 entrepreneurs d'ici la célébration du 400e anniversaire de la métropole.</p>

grant_single_labels|terms_and_conditions

The Fonds ADM / 375 idées offers supportive financial terms to help foster the growth and success of young entrepreneurs in Montréal. These terms are designed to provide a manageable and effective way for entrepreneurs to leverage financial support.

$7,500 loan available to qualifying entrepreneurs.
Advantageous interest rate set at 2%.
Initial 6-month holiday from both interest and principal repayments.
Loan to be refunded over a period of 2 years, in 24 monthly instalments following the repayment holiday.

grant_single_labels|projects

The Fonds ADM / 375 idées grant is tailored to assist young entrepreneurs in Montréal who are in the early stages of establishing or growing their businesses. This financial support is aimed at diverse projects ranging from pre-start to start-up phases.

Entrepreneurial projects that are in the pre-start phase, demonstrating potential for viability and profitability.
Start-up initiatives that have been operational for less than two years, focusing on innovative solutions.
Business ventures in the growth phase, still within a two-year window since inception, aiming to scale operations.

grant_single|admissibleProjectsExample

$ 7,500

Developing a mobile app to boost local tourism neighborhoods

$ 7,500

Creating a social media platform for local artists to connect and collaborate

$ 7,500

Setting up a community garden project to encourage urban farming

$ 7,500

Opening a zero-waste grocery store to promote sustainable living

$ 7,500

Launching an eco-friendly clothing line for young adults

$ 7,500

Establishing a coffee shop that employs young adults with disabilities

grant_single_labels|admissibility

Eligibility for the Fonds ADM / 375 idées grant is based on specific criteria related to the business ownership and project status.

The company must be majority owned by shareholders between 18 and 40 years old, with a majority being Canadian citizens, permanent residents, or holding a Québec selection certificate (CSQ).
The company's head office must be located within the City of Montréal territory.
The company must have successfully reached 100% of its crowdfunding target of at least $3,750 on the Québec platform La Ruche since January 1, 2017.
The business must be in the pre-start phase, start-up, or experiencing growth for less than two years.
An executive summary of the business plan (2-3 pages) must be presented, demonstrating high potential for viability and profitability.

grant_eligibility_criteria|who_can_apply

Young entrepreneurs between the ages of 18 and 40 who are Canadian citizens, permanent residents, or hold a Québec selection certificate (CSQ) and have their head office located in Montréal can apply for the Fonds ADM / 375 idées grant. The business must also be in the pre-start, start-up, or early growth phase, with less than 2 years of operation, and have completed a successful crowdfunding campaign.

grant_eligibility_criteria|who_cannot_apply

Some types of companies that are not eligible for the Fonds ADM / 375 idées grant include:

Companies majority owned by shareholders outside the age range of 18-40
Companies with shareholders who are not Canadian citizens, permanent residents, or have a Quebec selection certificate

grant_eligibility_criteria|eligible_expenses

This grant supports young entrepreneurs in Montréal through financial assistance to help launch and develop their innovative business projects. The eligible projects are those that demonstrate high potential for viability and profitability while being in the early stages of development.

Innovative pre-start phase business projects showing promise for future success.
Start-up businesses in the early stages of operation.
Growth-phase projects that have been in existence for less than two years and are expanding operations.

grant_eligibility_criteria|zone

This grant is specific to companies with their head office located within a particular territorial jurisdiction. Eligible applications must meet the regional requirements outlined by the grant.

City of Montréal territory.

grant_single_labels|criteria

The selection criteria for the Fonds ADM / 375 idées grant are as follows:

Majority ownership by shareholders between 18 and 40 years old who are Canadian citizens, permanent residents, or hold a Québec selection certificate
Head office located in the City of Montréal territory
Reached 100% of crowdfunding campaign on La Ruche platform (minimum $3,750) since January 1, 2017
In pre-start, start-up, or growth phase for less than 2 years
Presentation of a 2-3 page executive summary demonstrating high potential for viability and profitability

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Confirm Eligibility
- Ensure your business is majority owned by individuals aged 18-40 who are Canadian citizens, permanent residents, or hold a Québec selection certificate (CSQ).
- Verify that your business is headquartered in the City of Montréal territory.
- Confirm that you have reached 100% of your crowdfunding goal on La Ruche, with a minimum of $3,750, since January 1, 2017.
- Ensure your business is in the pre-start, start-up, or growth phase for less than 2 years.
Step 2: Prepare Application Materials
- Craft an executive summary of your business plan (2-3 pages) demonstrating high potential for viability and profitability.
- Gather all relevant financial documents and proof of successful crowdfunding.
Step 3: Submit Request
- Submit your completed application package, including the executive summary and financial documents, to the designated submission portal or contact provided by Fonds ADM / 375 idées.
- Ensure your submission is before any applicable deadlines detailed by the grant administrators.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The Fonds ADM / 375 idées is an initiative involving key partnerships, including the Junior Chamber of Commerce of Montréal, Aéroports de Montréal, the Board of Governors of the 375th anniversary of Montréal, La Ruche, and CloudRaker.
Interest and principal payment holidays are offered for the first six months, which can provide cash flow relief during the initial stages of project development.