grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|openingDate February 9, 2024
  • grant_single|closingDate March 25, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Economic Development Council for Manitoba Bilingual Municipalities (CDEM)
grant_single|status
grant_card_status|closed

grant_single_labels|preview

Loans for Francophones to finance start-up, expansion and creation of an export division.

grant_single_labels|projects

grant_single|admissibleProjectsExample

$ 90,000

Creating an organic farm startup, owned by Francophones

$ 60,000

Starting a Francophone language and cultural center

$ 75,000

Expansion of a Francophone-owned bakery to diversify products

$ 150,000

Expanding a Francophone-owned tech startup to include AI solutions

$ 105,000

Creating an export division for a woodworking company

$ 120,000

Establishing a new IT consultancy firm by Francophones

grant_single_labels|admissibility

Eligibility for CDEM’s Investment Fund is determined by specific requirements related to the business ownership and operations.
  • The business must belong to one or several Francophones who own at least a 50% interest in the business.
  • The business must operate or be about to operate in Manitoba.
  • Any loan request must be accompanied by an appropriate and reasonable business plan showing the real potential for commercial viability and the ability to repay.
  • The applicants must prove they have explored all other reasonable methods to obtain financial support and were unable to obtain this support.

grant_eligibility_criteria|who_can_apply

The grant is specifically targeting Manitoba businesses primarily owned by Francophones, which means they should have a minimum of 50% Francophone ownership. The businesses must either be operational or slated to operate in Manitoba and need to accompany their loan request with a detailed and reasonable business plan that demonstrates commercial viability and repayment capability. Furthermore, applicants must show that they have exhausted all other reasonable avenues for financial support but were unable to secure it.

grant_eligibility_criteria|who_cannot_apply

There are specific types of companies that are not eligible for the CDEM Investment Fund grant. To qualify, a business must:
  • Be owned by Francophones who own at least a 50% interest in the business.
  • Operate or is about to operate in Manitoba.
  • Submit a reasonable business plan demonstrating commercial viability and repayment ability.
  • Show efforts in exploring other financing options before seeking support from the fund.

grant_eligibility_criteria|eligible_expenses

This investment fund provides financial support for businesses owned by Francophones in Manitoba, supporting new ventures and growth activities. Eligible projects mainly focus on business start-up, expansion, and diversification plans.
  • Business start-up activities for new ventures.
  • Expansion projects to grow existing businesses.
  • Diversification initiatives to expand business offerings.

grant_eligibility_criteria|zone

This grant specifically targets businesses operating or about to operate in Manitoba. This geographic focus ensures support for Francophone-owned enterprises within the province.
  • Businesses operating in Manitoba.

grant_single_labels|criteria

There are evaluation and selection criteria for this grant.
  • The business must belong to one or several Francophones who own at least a 50% interest in the business.
  • The business must operate or is about to operate in Manitoba.
  • Any loan request must be accompanied by an appropriate and reasonable business plan showing the potential for commercial viability and ability to repay.
  • Applicants must prove they have explored other methods to obtain financial support and were unable to secure it.

grant_single_labels|apply

Here are the steps to submit an application for this grant:
  • Step 1: Contact CDEM
    • Reach out to Joel Lemoine at jlemoine@cdem.com for initial inquiries and guidance on the application process.
  • Step 2: Prepare Business Plan
    • Develop a comprehensive business plan that demonstrates commercial viability and the business’s repayment capability.
  • Step 3: Explore Other Funding Sources
    • Document and present evidence of attempts to acquire funding from other sources.
  • Step 4: Submit Application
    • Send the completed business plan and required documents to CDEM for review.
  • Step 5: Receive Feedback
    • Wait for feedback or further instructions from CDEM on the status of your application.

grant_single_labels|otherInfo

Here is additional relevant information about the CDEM's Investment Fund:
  • CDEM is a partner with Western Economic Diversification and the Business Development Bank of Canada in managing a risk capital fund for Manitoba Francophone businesses.
  • Joel Lemoine is the contact person for inquiries regarding business services, including the Investment Fund, at CDEM.

grant_single_labels|contact

jlemoine@cdem.com

Apply to this program

More grants like this

Manitoba — Export Development Program (EDP) -
Grant and Fundinggrant_card_status|open
Support for SMEs to participate in export-related activities
Community Enterprise Development Tax Credit Program -
Tax Creditsgrant_card_status|open
Tax credit for Manitoba community enterprise development
Women's Enterprise Centre of Manitoba — Loans -
Loans and Capital investmentsgrant_card_status|open
Loans for Manitoba women entrepreneurs
Metis Economic Development Fund (MEDF) – Investing -
Loans and Capital investmentsgrant_card_status|closed
Equity investment partnerships for businesses in Manitoba
First Peoples Economic Growth Fund - Aftercare Program -
Grant and Fundinggrant_card_status|open
Funding for Manitoba First Nations businesses
Young Entrepreneurs Program -
Grant and Fundinggrant_card_status|open
Grants for young Manitoba entrepreneurs
Manitoba — Interactive Digital Media Tax Credit -
Tax Creditsgrant_card_status|open
Manitoba tax credit for digital media production
Manitoba Small Business Venture Capital Tax Credit Program -
Tax Creditsgrant_card_status|open
New-investment small business tax credit in Manitoba
First Peoples Economic Growth Fund –  Skills Development Program -
Grant and Fundinggrant_card_status|open
Financial support for Manitoba First Nation business training
First Peoples Economic Growth Fund – Joint Venture Program -
Loans and Capital investmentsgrant_card_status|open
Financing for Manitoba First Nations projects