How much funding can be received?

Funds up to 6000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the DEPS — Young Promoters Fund?

DEPS — Young Promoters Fund is funded by MRC de Pierre-De Saurel, Economic Development Pierre-De Saurel (DEPS)

What are DEPS — Young Promoters Fund's eligibility criterias?

Applicants must be aged between 18 to 39 years old. Applicants must be Canadian citizens or received immigrants and permanent residents of Quebec. Applicants must be located in the MRC of Pierre-De Saurel and not have owned the business for more than 24 months at the time of the funding request.

DEPS — Young Promoters Fund

Last Update: February 22, 2025

QC, Canada

Funding support for young Quebec entrepreneurs aged 18-39

DEPS — Young Promoters Fund at a glance

Eligible Funding

Max. $6,000

Timeline

Continuous Intakes

Financing Type

Grant and Funding

Eligible Industries

Manufacturing
Retail trade
Other services (except public administration)
Public administration

Grant Providers

MRC de Pierre-De Saurel
Economic Development Pierre-De Saurel (DEPS)

Status

Open

Overview of the DEPS — Young Promoters Fund program

The DEPS — Young Promoters Fund aims to support entrepreneurs aged 18 to 39 in creating their first or second business through technical and financial assistance. Eligible activities can receive a non-repayable contribution of up to $6,000, with the amount varying depending on the industry sector.

Financing terms and conditions

The financial aid is provided as a non-repayable contribution ranging from $4,000 to $6,000, depending on the sector of the enterprise.
For service sector enterprises, the maximum eligible amount is $4,000.
For commercial and agricultural sector enterprises, the maximum eligible amount is $5,000.
For manufacturing sector enterprises, the maximum eligible amount is $6,000.
The financial contribution cannot exceed 20% of the total project cost.
Associated financing cannot exceed the maximum limits outlined, dependent on the project's classification and sector.
The financial aid is dispensed based on the submission of appropriate project-related documentation to ensure project criteria are met.
All projects need to comply with specific documentation and agreement processes with DÉPS to finalize terms and ensure funding.
Additional conditions and restrictions may apply, and it is advised to consult the policy document for comprehensive details.

Eligible projects & activities

Conducting feasibility or other preparatory studies for the creation of a first business.
Creation of a first or second business by the entrepreneur.
Acquisition of relevant training for the entrepreneur benefiting from financial support to create a first business.

Eligibility criteria of the DEPS — Young Promoters Fund program

The applicant must be aged between 18 and 39.
Possession of relevant experience or training related to the project is required.
The applicant must be located in the MRC of Pierre-De Saurel.
Applicants must be Canadian citizens or landed immigrants and permanent residents of Quebec.
Ownership of the business must not exceed 24 months at the time of applying for funding.

Who is eligible?

Entrepreneurs aged 18 to 39.
Citizens or permanent residents of Quebec.
Individuals with relevant experience or training related to the project.

Who is not eligible

Companies with a sexual, religious, or political character.
Enterprises involved in controversial activities, such as dating agencies, war games, tarot, numerology, astrology, courses for personal growth, or pawn shops.

Eligible expenses

Honoraires professionnels.
Frais d’expertise et autres frais pour les services de consultants ou spécialistes requis pour réaliser les études.
Acquisition de technologies (savoir-faire, licence ou accord de fabrication, brevet), logiciels ou progiciels.
Dépenses en capital telles que terrain, bâtisse, équipement, machinerie, matériel roulant, frais d’incorporation à l’exception des dépenses d’achalandage.
Besoins de fonds de roulement se rapportant strictement aux opérations de l’entreprise calculés pour la première année d’opération.
Frais d’inscription, coûts du matériel didactique et autres frais nécessaires pour la participation de l’entrepreneur aux activités de formation approuvées.

Eligible geographic areas

Territory of the MRC de Pierre-De Saurel, Quebec, Canada.

Eligibility criteria of the DEPS — Young Promoters Fund program

Viability of the project and its potential for long-term success.
Creation or retention of permanent jobs on the MRC territory.
Extent of financial involvement by the promoter.
Good prospects for economic viability and profitability in the first two years of operation.
Demonstration of the necessity and complexity of required studies (if applicable).
Detail of the financial structure required for project execution.
Necessity and relevance of any proposed training for the entrepreneur.
Overall impact and potential socioeconomic benefits of the project on the regional community.

How to apply to the DEPS — Young Promoters Fund program

Gather the necessary documents

Prepare a comprehensive business plan.
Include the curriculum vitae and personal statement of each promoter.
Provide financial forecasts for two years or financial statements.
Attach a detailed cost estimate.
Include supporting documents proving the promoters' ages.
Obtain the business number from Quebec.
Provide proof of the down payment.

Download and fill out the forms

Download the application form from the organization's website.
Carefully fill out the form, checking the accuracy of the information entered.

Submit the request

Send all the required documents to the provided email address for submitting applications: info@depsregion.com.

Additional information

Contact DÉPS at info@depsregion.com for questions or assistance in evaluating the suitability of the fund for your project.
The program offers non-repayable contributions, indicating that recipients do not have to return the funds.
Various documentation including a complete business plan, financial forecasts, and evidence of fund allocation must accompany any funding application.
The grant allocation does not cover the purchase of franchises nor can it be used for the regular operation costs or debt servicing of an organization.
Given funds are specifically for new projects and cannot be applied toward costs incurred prior to the grant approval.
A formal agreement or protocol is established between DÉPS and the applicant defining the terms and conditions of the grant.