ADM Fund / 375 idea
Montréal, QC, Canada
Empower your entrepreneurial journey with the Fonds ADM / 375 idées program's generous funding!
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDateJanuary 01, 2017
- grant_single|grantStatusClosed
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- City of Montreal (MTL)
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
This grant is targeted specifically for companies having their head office within the geographical territory of the City of Montréal. This ensures that financial assistance benefits the local entrepreneurial ecosystem.
- Companies with their head office located in the City of Montréal territory.
grant_single|admissibleProjectsExample
$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
Developing a mobile app to boost local tourism neighborhoods
$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
There are specific geographic areas mentioned for this grant. The Fonds ADM / 375 idées grant is available for companies with their head office located in the City of Montréal territory.
- 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.
Apply to this program
Empowering Young Entrepreneurs in Montréal
The Fonds ADM / 375 idées grant offers support to young, innovative entrepreneurs in Montréal aiming to establish and grow their businesses. By providing a uniquely structured financial package, this initiative aims to stimulate entrepreneurial activity in the city as it approaches its 400th anniversary.
Exploring the Fonds ADM / 375 idées Grant Program
Montréal, a vibrant hub of cultural and economic activity, is poised to celebrate its 400th anniversary with renewed vigour and innovation. Central to this celebration is the Fonds ADM / 375 idées, a grant initiative created to support 375 young entrepreneurs. This strategic initiative is focused on fostering a dynamic entrepreneurial ecosystem by providing targeted financial support and unique lending terms meant to empower young business leaders aged between 18 and 40.The Fonds ADM / 375 idées is an exemplary reflection of the city’s commitment to encouraging innovation and entrepreneurship. At its core, the program provides a $7,500 loan at a favourable interest rate of just 2%. This financing is particularly attractive because it includes a six-month interest and principal repayment holiday, allowing entrepreneurs a critical window to focus on the foundational phases of their business without immediate financial pressure. Following this grace period, the loan is structured to be repayable in 24 monthly installments, providing a manageable and predictable repayment schedule over two years.This support is designed not just as a financial bridge but also as a catalyst for leveraging further opportunities. For instance, the requirement for entrepreneurs to have completed a crowdfunding campaign on La Ruche underscores the grant's role in encouraging a multifaceted approach to funding, blending community support with institutional backing. The minimum crowdfunding target of $3,750 ensures that the grantees have already demonstrated a degree of public support and project viability, enhancing the chances for sustainable growth.This initiative is a collaborative effort led by the Junior Chamber of Commerce of Montréal, along with strategic partners like Aéroports de Montréal and the Board of Governors of the 375th anniversary of Montréal. These partnerships unlock a wealth of resources and expertise that extend beyond financial contributions. Entrepreneurs can expect to access mentorship, networks, and insights from industry leaders, all aimed at propelling their projects to the next stage of development.Real-world impact is a key driver of this grant. By enabling young entrepreneurs to launch and expand their businesses within Montréal, the Fonds ADM / 375 idées directly contributes to the city's economic vitality and innovation landscape. The emphasis on businesses in the pre-start, start-up, or growth phases ensures that the program is nurturing early-stage ventures most in need of support. This focus not only aligns with broader economic goals of job creation and innovation but also reinforces Montréal's reputation as a city that values forward-thinking and sustainable business models.The Fonds ADM / 375 idées represents more than just financial support; it is a testament to Montréal's ongoing commitment to entrepreneurial excellence. By strategically directing resources to young innovators, it aims to build a foundation for robust economic growth and a prosperous future. As entrepreneurs take advantage of this funding to turn their visions into reality, they contribute not only to their success but to the collective celebration and advancement of a city rich in history and innovation.
