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DEPS — Young Promoters Fund
QC, Canada
Funding support for young Quebec entrepreneurs aged 18-39
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Retail trade
- Other services (except public administration)
- Public administration
grant_single|grantors
- Economic Development Pierre-De Saurel (DEPS)
- MRC de Pierre-De Saurel
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|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.
grant_single_labels|projects
- 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.
grant_single_labels|admissibility
- 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.
grant_eligibility_criteria|who_can_apply
- Entrepreneurs aged 18 to 39.
- Citizens or permanent residents of Quebec.
- Individuals with relevant experience or training related to the project.
grant_eligibility_criteria|who_cannot_apply
- 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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
- Territory of the MRC de Pierre-De Saurel, Quebec, Canada.
grant_single_labels|criteria
- 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.
grant_single_labels|register
- Step 1: Prepare Required Documents
- Compile a comprehensive business plan.
- Gather personal resumes and financial statements for each promoter.
- Prepare detailed financial projections for the next two years.
- Obtain a detailed proposal or service offer from the selected consultant, if applicable.
- Ensure proof of age and Quebec Enterprise Number (NEQ) are ready.
- Provide evidence of personal equity or contribution to the project.
- Step 2: Complete Application Form
- Download and fill out the application form from the provided link.
- Step 3: Submit Application
- Submit all the compiled documents and the completed application form via email to info@depsregion.com.
grant_single_labels|otherInfo
- 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.
grant_single_labels|contact
info@depsregion.com
Apply to this program
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