DEPS — Young Promoters Fund

• 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.

• 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.

• 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.