Développement Vaudreuil-Soulanges — Futurpreneur Canada

This grant offers a comprehensive financing package to young entrepreneurs, enabling them to establish and grow their businesses efficiently. The modalities provide a structured approach to financial support and development.

• Funding of up to $60,000 is available, provided in collaboration with the Business Development Bank of Canada (BDC).
• The financing package includes a dual-phase mentorship program spanning two years, to guide recipients through business initiation and growth.
• Funds are designed to support innovative business ideas that demonstrate potential for sustainability and growth.
• Entrepreneurs receive access to customized business planning tools and resources to enhance operational strategy.

Eligibility for this grant is determined by specific criteria related to the entrepreneur's profile and business status.

• The applicant must be between 18 to 39 years old.
• The applicant must be legally authorized to work in Canada, excluding those with a work permit.
• The business's viability must be demonstrated by submitting a complete business plan.
• The business must have been operational for less than 12 months.
• The applicant must reside in or operate their business in a location where the Futurpreneur program is offered.
• The applicant must possess relevant training or experience for the project.
• The applicant must commit to working with a mentor for a duration of two years.
• The business must create a sustainable full-time job for the applicant.
• The applicant must hold at least 51% of the voting shares in the business, if it is a partnership.
• The applicant must not be a full-time student.
• The loan must not be used for refinancing an existing debt.

Who is eligible?

Individuals aged 18 to 39 who are legally authorized to work in Canada can apply for the Développement Vaudreuil-Soulanges — Futurpreneur Canada grant. Applicants must be starting a business or have been in operation for less than 12 months in a locality where the Futurpreneur program is available. They should have relevant training or experience in their project, hold at least 51% of the voting shares if in a partnership, and be committed to creating a full-time, sustainable job for themselves. Applicants must work with a mentor for two years, not be studying full-time, demonstrate business viability with a complete business plan, and ensure that the loan is not used for refinancing existing debt.

Here are additional relevant details for this grant:

• Futurpreneur Canada offers a unique mentorship program recognized internationally, providing two years of personalized business mentorship.
• They offer pre-launch support and resources through their entrepreneurs in residence to help transform business ideas into operational ventures.
• Business resources include an interactive business plan writer and various tools for effective business planning.
• Through a partnership with the Business Development Bank of Canada, they offer up to $60,000 in financing to eligible entrepreneurs.
• The continuous support program "Entrepairs" assists young entrepreneurs in planning, managing, and growing their business.
• Applicants need to contact a local partner or economic development advisor at Développement Vaudreuil-Soulanges for more details.