ADM Fund / 375 idea

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.

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.

Who is eligible?

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.

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

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.