CDEM — Financing
MN, Canada
Loans for Manitoba Francophone entrepreneurs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateFebruary 09, 2024
- grant_single|closingDateMarch 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
Projects and activities eligible for this grant include starting up a new business or expanding an existing one in Manitoba, as long as the business is owned by Francophones who meet specific criteria.
- Starting up a new business in Manitoba
- Expanding an existing business in Manitoba
- Diversifying business operations in Manitoba
- Creating an export division in Manitoba
grant_single|admissibleProjectsExample
$90,000
Winnipeg
Creating an organic farm startup, owned by Francophones
$60,000
Thompson
Starting a Francophone language and cultural center
$75,000
Brandon
Expansion of a Francophone-owned bakery to diversify products
$150,000
Selkirk
Expanding a Francophone-owned tech startup to include AI solutions
$105,000
Portage la Prairie
Creating an export division for a woodworking company
$120,000
Dauphin
Establishing a new IT consultancy firm by Francophones
grant_single_labels|admissibility
- Belong to one or several Francophones who own at least a 50% interest in the business
- Operate or are about to operate in Manitoba
- Any loan request must be accompanied by an appropriate and reasonable business plan showing commercial viability and ability to repay
- Applicants must prove they have explored other methods for financial support and were unable to obtain it
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant. Businesses must meet the following criteria to be eligible for CDEM’s Investment Fund:
- Belong to one or several Francophones who own at least a 50% interest in the business.
- Operate or are about to operate in Manitoba.
- Submit a business plan showing commercial viability and repayment capability.
- Prove unsuccessful attempts to obtain financial support through other means.
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
Eligible expenses for this grant include:
- Business start-up costs
- Expansion plans
- Diversification plans
- Operational expenses
- Marketing and promotional activities
- Technology upgrades
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|register
- Step 1: Verify eligibility
- The business must be owned by Francophones holding at least a 50% interest
- The business must operate or be about to operate in Manitoba
- Step 2: Prepare a business plan
- The plan must demonstrate commercial viability and the ability to repay
- Ensure the plan aligns with the requirements of financial institutions
- Step 3: Explore other funding sources
- Document efforts to obtain financial support from other avenues
- Show evidence that other sources were insufficient
- Step 4: Submit a loan request with the business plan
- Include all necessary details and financial projections
grant_single_labels|contact
jlemoine@cdem.com
Apply to this program
Grant Description: CDEM Investment Fund for Manitoba Francophone Businesses
Overview of CDEM Investment Fund
The Conseil de développement des municipalités bilingues du Manitoba (CDEM) manages an Investment Fund aimed at supporting Manitoba businesses owned by Francophones. The fund provides capital to finance start-ups, expansion plans, diversification initiatives, and more.
Eligibility Criteria for the Investment Fund
To qualify for the CDEM's Investment Fund, businesses must meet specific criteria, including being owned by Francophones holding a minimum of 50% interest in the business, operating in Manitoba, presenting a detailed business plan demonstrating commercial viability and repayment capability, and showing efforts to seek financial support from other sources.
Objectives and Benefits of the Investment Fund
The primary objectives of the Investment Fund include helping businesses access financing under favorable conditions, diversifying funding sources, providing information on available programs, and advising on programs that best suit the business needs. The fund aims to support the growth and sustainability of Francophone-owned businesses while fostering economic development in Manitoba.
Services Offered by CDEM Business Advisors
CDEM's business advisors offer a range of services to support Francophone and Francophile entrepreneurs in leveraging bilingualism as a strategic asset. They assist in business creation, operation, developing professional business plans, and optimizing financial strategies to secure necessary funding. Entrepreneurs can rely on CDEM's expertise to navigate the complexities of starting and growing a business in a competitive economic landscape.
Access to Capital and Financing Support
Access to capital is crucial for businesses at various stages, whether launching a new venture, expanding operations, or entering export markets. CDEM helps entrepreneurs develop business plans tailored to meet financial institutions' requirements, facilitating access to financing and diversifying funding sources. By fostering collaborations with financial partners, CDEM enables businesses to secure the necessary capital for growth and innovation.
Collaboration with Strategic Partners
CDEM collaborates with Western Economic Diversification Canada and the Business Development Bank of Canada in managing risk capital funds for Manitoba Francophone businesses. This partnership enhances access to capital, fosters entrepreneurship, and supports business sustainability. By leveraging strategic alliances, CDEM expands the reach and impact of the Investment Fund, enabling businesses to thrive in a competitive marketplace.
Impact of Investment Fund on Manitoba Francophone Businesses
The Investment Fund administered by CDEM plays a vital role in empowering Francophone entrepreneurs, driving economic growth, and fostering innovation in Manitoba. By providing financial support, advisory services, and access to capital, the fund enables businesses to realize their growth potential, create employment opportunities, and contribute to the province's economic prosperity. Francophone-owned businesses benefit from tailored funding solutions and strategic guidance, enhancing their competitiveness and sustainability in a dynamic business environment.
Conclusion
In conclusion, the CDEM Investment Fund for Manitoba Francophone Businesses serves as a catalyst for entrepreneurship, innovation, and economic development in the region. By offering targeted financial support, expert guidance, and strategic partnerships, CDEM empowers Francophone entrepreneurs to build successful businesses, create wealth, and contribute to Manitoba's vibrant economy.
