Développement Vaudreuil-Soulanges — FSE
Last Update: January 25, 2025
QC, Canada
Supports entrepreneurs with non-repayable financial contributions
Développement Vaudreuil-Soulanges — FSE at a glance
Eligible Funding
- No Condition
Timeline
- Continuous Intakes
Financing Type
Grant and Funding
Eligible Industries
- All industries
Grant Providers
- Développement Vaudreuil-Soulanges
Status
Open
Overview of the Développement Vaudreuil-Soulanges — FSE program
The Développement Vaudreuil-Soulanges FSE provides non-repayable financial assistance to entrepreneurs for starting or acquiring a business within the territory. The program aims to support projects with strong potential for profitability, viability, and job creation.
Financing terms and conditions
The Développement Vaudreuil-Soulanges — FSE offers financial support to entrepreneurs through non-repayable contributions. This support is intended to facilitate the launch or acquisition of businesses within the territory.
- Financial assistance is provided as a non-repayable contribution.
- The project funding requires a cash investment from the promoter.
Eligible projects & activities
This grant is designed to aid entrepreneurs in launching their initial business project or acquiring a business within the region. The initiative emphasizes the importance of financial planning and securing necessary funding to ensure business viability and growth.
- Development and implementation of a business plan.
- Creation of financial forecasts for a two-year period.
- Assistance in securing additional financing necessary for business start-up, expansion, or acquisition.
Eligibility criteria of the Développement Vaudreuil-Soulanges — FSE program
Eligibility for this grant involves several key criteria that applicants must meet to qualify for support.
- The applicant must be at least 18 years old at the time of application submission.
- The applicant must be a Canadian citizen or an accepted immigrant with permanent residency in Quebec.
- The applicant must have relevant training or experience related to the project.
- The applicant must commit to working full-time in the business, as other full-time employment is not permitted.
- If incorporated, the applicant must hold at least 50% of the company shares, or if registered, must be an equal owner (only one application per business project is allowed).
Who is eligible?
To apply for the Développement Vaudreuil-Soulanges — FSE grant, applicants must meet several criteria:1. Be at least 18 years old at the time of application.2. Be a Canadian citizen or a landed immigrant and permanent resident of Quebec.3. Possess relevant education or experience related to the project.4. Commit to working full-time in the business, meaning the applicant cannot hold another full-time job.5. Hold at least 50% of the shares if the business is incorporated, or be an equal owner if the business is registered (only one application per business project is accepted).
Eligible geographic areas
This grant is available for companies located in areas supported by Développement Vaudreuil-Soulanges. Eligible locations are defined to stimulate entrepreneurship in the designated region.
- Businesses situated within the Vaudreuil-Soulanges territory.
Eligibility criteria of the Développement Vaudreuil-Soulanges — FSE program
The evaluation and selection of projects for the Fonds de Soutien à l’entrepreneuriat (FSE) focus on ensuring the proposed business has potential for success and contribution to the local economy.
- The promoter demonstrates the business has potential for profitability and viability in the medium and long term.
- The project does not compete directly with existing businesses in a saturated market.
- The business operates in a field that lacks strong competition or is in a non-priority area.
- The promoter possesses sufficient knowledge, skills, and experience relevant to the project’s domain.
- The promoter demonstrates promising market opportunities for the business.
- The project is relevant, realistic, and original, with considerable potential for job creation.
- The promoter has secured all necessary funding for the business’s start-up, expansion, or acquisition.
How to apply to the Développement Vaudreuil-Soulanges — FSE program
1
Meeting with an advisor
- Make an appointment with a Development Vaudreuil-Soulanges (DEV) advisor.
- Check personal eligibility and that of the project with the advisor.
2
Development of the business plan
- Design a detailed business plan.
- Prepare financial forecasts for two years.
- Receive technical support from DEV if necessary.
3
Submission of the file
Submit the complete file to the DEV joint investment committee.
Additional information
Here are additional relevant details for this grant:
- The funding is provided as a non-repayable financial contribution, requiring a cash investment by the promoter.
- Entrepreneurs receive technical support from Développement Vaudreuil-Soulanges (DEV) for project development.
- The application rules are adopted by the DEV board of directors.