
ADM Fund / 375 idea
- Open Date : January 1, 2017
Overview
At a glance
Funding available
- Develop an online presence
- Launch or market a product/service
- Renovate or expand facilities
- Maximum amount : 7,500 $
- Open Date : January 1, 2017
Eligible candidates
- All industries
- Montreal
- Montréal
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Youth (<40)
- Startups
Next Steps
Activities funded
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.
Eligibility
Who is eligible?
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.Who is not eligible
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
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.
Eligible geographic areas
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.
Additional information
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.