How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The program is accepting continuous intake

What are CDEM — Financing's eligibility criterias?

The business must be owned by 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. A loan request must be supported by an appropriate and reasonable business plan showing potential commercial viability and the ability to repay.

CDEM — Financing

Q: Who are the financial supporters of the CDEM — Financing?

CDEM — Financing is funded by Economic Development Council for Manitoba Bilingual Municipalities (CDEM)

Last Update: January 24, 2025

MN, Canada

Loans for Manitoba Francophone entrepreneurs

CDEM — Financing at a glance

Eligible Funding

No Condition

Timeline

Open Date : February 9, 2024
Closing date : March 25, 2024

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

Economic Development Council for Manitoba Bilingual Municipalities (CDEM)

Status

Closed

Overview of the CDEM — Financing program

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

Eligible projects & activities

Examples of admissible projects:

$ 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

Eligibility criteria of the CDEM — Financing program

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.

Who is eligible?

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.

Who is not eligible

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.

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.

Eligible geographic areas

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.

Eligibility criteria of the CDEM — Financing program

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.

How to apply to the CDEM — Financing program

Contact CDEM

Reach out to Joel Lemoine at jlemoine@cdem.com for initial inquiries and guidance on the application process.

Prepare Business Plan

Develop a comprehensive business plan that demonstrates commercial viability and the business’s repayment capability.

Explore Other Funding Sources

Document and present evidence of attempts to acquire funding from other sources.

Submit Application

Send the completed business plan and required documents to CDEM for review.

Receive Feedback

Wait for feedback or further instructions from CDEM on the status of your application.

Additional information

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.

Contact Economic Development Council for Manitoba Bilingual Municipalities (CDEM)

jlemoine@cdem.com

Apply to this program

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