Créavenir
Canada
Help for entrepreneurs 18 to 39 who can't get financing
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Loans and Capital investments
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Desjardins
grant_single|status
grant_card_status|open
grant_single_labels|preview
The program provides young entrepreneurs who want to start their own business or who have a business that's less than 3 years old with coaching, mentoring, financial aid in the form of loans and grants.
grant_single_labels|projects
The Cr?avenir program is available for young entrepreneurs who are members of a participating Desjardins caisse. Eligibility is determined by membership rather than geographical location, suggesting availability wherever Desjardins caisses operate.
- Regions served by Desjardins caisses across Canada.
grant_single|admissibleProjectsExample
$5,000
Vancouver
Launching a mobile dog grooming service
$5,000
Ottawa
Starting a mobile coffee shop business
$5,000
Montreal
Establishing an eco-friendly fashion line
$5,000
Toronto
Expanding an organic soap business
$5,000
Halifax
Launching a local craft brewery
$5,000
Calgary
Creating a digital marketing agency
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and business viability.
- The applicant must be between 18 and 39 years old.
- The applicant should have a viable plan to start a new business or grow an existing business that is less than 3 years old.
- The applicant must lack access to conventional financing or sufficient funding.
- The applicant must be a member of a participating Desjardins caisse or agree to become one.
grant_eligibility_criteria|who_can_apply
The Cr?avenir program is designed to support young entrepreneurs in Canada aged 18 to 39 who are looking to either start a new business or grow an existing one that is less than three years old. Applicants must demonstrate they lack sufficient access to conventional financing and should be or become members of a participating Desjardins caisse. The program provides financial aid, loans, and mentoring to eligible candidates who meet these conditions.
grant_eligibility_criteria|eligible_expenses
The Cr?avenir program offers young entrepreneurs support for both starting new businesses and growing existing ones. While specific eligible projects are not detailed, activities would generally involve viable business start-ups and expansions.
- Starting a new business with a viable business plan.
- Expanding an existing business that is less than 3 years old.
grant_eligibility_criteria|zone
The eligible geographic zones for the Cr?avenir grant are the areas served by participating Desjardins caisses. Generally, this includes various regions across Quebec and parts of Ontario.
- Quebec
- Parts of Ontario with participating Desjardins caisses
grant_single_labels|criteria
There are specific evaluation and selection criteria for the Cr?avenir grant, which focus on the eligibility of the applicants and the feasibility of their business plans. Below is a list of the criteria used to evaluate and select grant recipients:
- Aged between 18 and 39 years old.
- Have a viable plan to start a new business or grow an existing business that's less than 3 years old.
- Lack access to conventional financing or sufficient funding.
- Be a member of a participating Desjardins caisse or agree to become one.
- Personal investment and guarantees are insufficient for conventional financing.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Prepare Business Plan
- Draft a comprehensive business plan demonstrating the viability of your new or existing business.
- Include your personal investment details, expected assets, and funding requirements.
- Step 2: Present Business Plan
- Bring your prepared business plan to your local entrepreneur support agency that partners with Cr?avenir.
- Step 3: Project Evaluation
- If your business plan is deemed viable, the agency will verify your eligibility based on investment and guarantee insufficiencies.
- Step 4: Acceptance and Mentoring
- If accepted, you will receive mentoring support during the start-up phase of your business.
- Step 5: Financial Aid Access
- Qualify for a line of credit up to $15,000 at the prime rate + 0.5% for 5 years, a Business card with a credit limit up to $1,000, and possibly a grant up to $5,000.
- Step 6: Follow-up and Potential Increase
- After at least 6 months, your line of credit may be increased to a maximum of $30,000 based on credit needs and scores.
grant_single_labels|otherInfo
The Cr?avenir program provides support to young entrepreneurs in the form of coaching, mentoring, and financial aid, with eligibility requirements including age limits and membership in a participating Desjardins caisse.
- The loan has a 5-year period with a prime rate + 0.5%.
- You can access a business card with a limit of up to $1,000 at prime rate + 0.5%.
- The grant can be used to qualify for other financing sources.
- You need a viable business plan and should approach a local entrepreneur support agency for the presentation.
- There's potential for a line of credit increase based on needs and credit score after a minimum of 6 months.
Apply to this program
Empowering Young Entrepreneurs Through Cr?avenir
The Cr?avenir grant provides essential financial and mentorship support to young Canadian entrepreneurs who are ineligible for traditional financing options. It is aimed at facilitating the growth of businesses less than three years old, offering tailored resources and financial assistance to help overcome initial entrepreneurial challenges.
Nurturing Young Business Talent with Practical Support
Cr?avenir stands as a vital program tailored specifically for young entrepreneurs between the ages of 18 to 39 in Canada, addressing one of the most critical challenges in the early stages of business - accessing financing. This grant not only supplies financial assistance but also integrates comprehensive mentoring and coaching, ensuring holistic support for fledgling enterprises. As part of the financial package, eligible entrepreneurs can access a line of credit of up to $15,000 at a competitive rate, along with a business card featuring a limit of up to $1,000. Additionally, the possibility of a $5,000 grant is a robust incentive, potentially unlocking further financial gateways that accelerate business growth.
The Cr?avenir initiative acknowledges the inherent risks and barriers encountered by young entrepreneurs, particularly those without the financial backing to secure conventional loans. By collaborating with local economic development partners, the program provides not just monetary aid, but a nurturing environment where business concepts can flourish. Entrepreneurs benefit from expert guidance, learning pivotal skills from industry veterans that are vital for navigating the entrepreneurial landscape successfully.
One of the key objectives of the Cr?avenir program is to cultivate a new generation of businesses that contribute to Canada's economic diversity and innovation. The program is designed to encourage young individuals with promising business ideas by reducing financial strain, thus enabling them to focus on innovation and operational achievements from the onset. The offer of a credit line increase, up to $30,000 after six months, underscores the program's commitment to supporting sustainable business growth while encouraging responsible financial management.
Moreover, the program prioritizes accessibility and inclusivity, ensuring that even those lacking initial personal investment capabilities or guarantees have a fighting chance to bring their business visions into reality. Through the integrated approach of financial support and strategic mentoring, Cr?avenir effectively reduces the barriers to market entry, fostering a resilient entrepreneurial ecosystem.
Participants report significant advantages from the mentorship component, which includes developing robust business plans, identifying growth strategies, and accessing broader networks of opportunity. This comprehensive support mechanism serves not only to facilitate immediate business success but also to prepare young entrepreneurs for future challenges in the competitive business environment.
In conclusion, Cr?avenir is more than a mere financial aid program; it acts as a cornerstone of entrepreneurial development for Canada’s youth. In embracing this initiative, young business leaders are equipped with the tools, resources, and support needed to establish innovative and successful business ventures, ultimately contributing to the country’s economic health and vibrancy. By supporting young Canadians in reaching their business aspirations, Cr?avenir enhances not only individual prospects but also strengthens community economies across the nation.
