How much funding can be received?

The Honorific Grants 2024, offered by the Ministère de l’Économie et de l’Innovation in collaboration with Entreprendre ici, aim to support ethnocultural diversity entrepreneurs in Québec. These grants, each valued up to $25,000, are intended for entrepreneurs planning to create or develop a business anywhere in the province. All application materials and pitches must be in French, with the submission period running from June 26 to August 7, 2024.

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This grant provides financial support to diversify and enhance Quebec's entrepreneurial landscape by focusing on ethnocultural diversity. It awards specific financial amounts to successful candidates to bolster their innovative economic ventures.

The grant awards a total of 24 scholarships, each valued at $25,000.
The financial award is intended to support projects contributing to economic development and innovation across Quebec.

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This grant is aimed at supporting entrepreneurial projects led by individuals from ethnocultural diversity and immigrant backgrounds that seek to drive economic development and innovation in Quebec.

Entrepreneurial projects that stimulate economic growth and innovation in various regions of Quebec.

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$ 25,000

Launch of a mobile application to facilitate immigrant integration into the job market

$ 25,000

Creation of an eco-friendly clothing company promoting recycled materials

$ 25,000

Development of an online platform connecting artisans with local consumers

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Eligibility for this grant is determined by specific criteria associated with the applicant's profile and project objectives.

The applicant must be an entrepreneur from an ethnocultural diversity background and an immigrant.
The project must aim at economic development and innovation.
The applicant must be located in the province of Quebec, Canada.
Applicants must provide a proof of NEQ (Quebec Enterprise Number).
Applicants must provide proof of Canadian citizenship or permanent residency.

grant_eligibility_criteria|who_can_apply

This grant, titled "Bourses d’honneur 2024," is aimed at entrepreneurs from diverse ethnic backgrounds who have immigrated to Quebec. To be eligible, applicants must be working on a project that contributes to economic development and innovation within any region of Quebec. Potential candidates are required to submit their applications in French through an online platform provided by Entreprendre ici. Importantly, applicants must demonstrate their status as either Canadian citizens or permanent residents to qualify for this grant.

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This grant is available to entrepreneurs whose projects aim to contribute to economic development and innovation across all regions of Quebec. The focus is on fostering entrepreneurship among individuals from ethnocultural diversity and immigration backgrounds.

All regions of Quebec.

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The evaluation and selection of projects for the Bourses d’honneur 2024 are based on specific criteria to ensure alignment with the grant’s objectives of supporting ethnocultural diversity in entrepreneurship and promoting economic development and innovation.

Description of the company (500 words)
Originality and innovation (200 words)
Market study – demonstration of business opportunities (900 words)
Marketing plan – marketing strategy (500 words)
Operations plan (700 words)
Financial plan (500 words)
Entrepreneur’s and associates’ track record (300 words)
Quality and presentation of the application file
Overall appreciation of the project

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Prepare Documentation
Download and review the application guide available on the Entreprendre ici website for detailed instructions and criteria.
Prepare a summary executive document, maximum of three pages, using the prescribed model.
Gather financial statements for each year of your business's activity up to a maximum of three years.
Collect proof of NEQ and proof of citizenship or permanent residency (passport, citizenship card, permanent residence card, or CSQ).
Develop financial projections for two years using one of the provided models (PME MTL or Previsio).
Step 2: Complete Application Form
Visit the Entreprendre ici website to access the online application form.
Ensure all sections of the form are thoroughly completed with accurate and comprehensive information.
Adhere to the word limits for each section including company description, originality and innovation, market study, marketing plan, operations plan, financing plan, and the entrepreneur's background.
Step 3: Attach Required Documents
Ensure all required documents are in PDF format and named using the format "Candidate Name_Document Name".
Attach the summary executive document, financial statements, NEQ proof, citizenship or residency proof, and financial projections to the application form.
Step 4: Submit Application
Submit the completed application form and all accompanying documents exclusively online via the Entreprendre ici website by the designated deadline.
Confirm the submission and ensure that no other forms of submission (like email) are used as they will not be accepted.
Step 5: Follow Up
Monitor the Entreprendre ici updates through their website and newsletter to stay informed about the selection process dates and announcements.

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Additional relevant details for the Bourses d'honneur 2024 include procedural and preparatory aspects crucial for applicants.

All applications must be submitted online in French; no email submissions are accepted.
Ensure all sections of the application form are completed thoroughly as incomplete forms may lead to disqualification.
Finalists will have the opportunity to pitch their projects in front of an independent jury; thus, preparing a strong pitch is essential.
The executive summary, financial statements, and financial projections are not reviewed in the initial evaluation phase, so detailed and clear information in the application form is vital.
Disqualification may occur if the executive summary exceeds three pages.
NEQ (Quebec Enterprise Number) and proof of citizenship or permanent residency documents are required for submission.
A business plan is highly recommended to strengthen the application, and resources are available to assist in its creation.

Apply to this program

Honorific Grants 2024: Empowering Ethnocultural Entrepreneurs

The Honorific Grants 2024 from Entreprendre ici, in collaboration with the Ministère de l’Économie et de l’Innovation, offer a significant financial boost for ethnocultural diversity entrepreneurs in Québec. With up to 24 grants available, each worth a maximum of $25,000, these funds aim to support the creation and development of businesses across the province.

In-Depth Understanding of the Honorific Grants for Ethnocultural Diversity Entrepreneurs

The Honorific Grants 2024 focus on enhancing the entrepreneurial landscape in Québec by supporting individuals from ethnocultural backgrounds who are eager to start or expand their businesses. This initiative not only aims to address the economic challenges faced by these entrepreneurs but also to enrich the province's cultural diversity and economic vitality. By providing up to $25,000 per grant, the program endeavors to mitigate the financial barriers that often hinder business innovation and expansion among ethnocultural entrepreneurs.

These grants act as a crucial complement to traditional financing sources, making it easier for entrepreneurs to secure the capital they need. Often, entrepreneurs face significant challenges when trying to access conventional financing methods due to a variety of barriers, including cultural and linguistic. The Honorific Grants aim to reduce these obstacles by providing direct financial support, which is especially valuable for those in the early stages of their business journey where initial funding can make a significant impact on the future trajectory of a business.

This program is distinctive for its inclusivity and focus on not just financial support but also fostering a supportive entrepreneurial ecosystem. Throughout the process, from application to award, networking opportunities and the chance to engage with successful entrepreneurs and mentors are potentially valuable assets to applicants. The requirement for the application, evaluation, and pitching processes to be conducted in French ensures that grant recipients are not only diverse in their backgrounds but also well-integrated into the local cultural and business environment, promoting linguistic inclusion and enhancing local economic development.

The grant application period, spanning from June 26 to August 7, 2024, reflects the rigorous and meticulous planning required for entrepreneurs to prepare compelling applications. This preparation includes drafting detailed business plans, supporting documents, and potentially preparing for a pitch competition in French. The subsequent evaluation period ensures that applications are carefully vetted to identify those with the greatest potential impact in terms of innovation, sustainability, and contribution to Québec’s economic landscape.

After the evaluation process concludes in September, the unveiling of finalists in October marks a pivotal moment where hopeful recipients gain the opportunity to present their projects before a jury. This component of the process not only assesses the viability and originality of the business ideas but also allows entrepreneurs to refine their presentation and business pitching skills, which are vital in securing future investments and partnerships.

Ultimately, the Honorific Grants for 2024 represent an ambitious effort to bolster ethnocultural entrepreneurship within Québec. By supporting a wide range of businesses—from those in the nascent stages to more seasoned ventures looking to innovate—these grants encourage a more diverse and dynamic economic environment. Moreover, they underscore the province's commitment to fostering an inclusive economy that embraces multiculturalism as a strength and leverages it for broader societal prosperity.

For those looking to stay informed about the Honorific Grants and other similar opportunities, subscribing to updates from Entreprendre ici and related newsletters could provide timely and useful information. It's these initiatives and the continued support for ethnocultural entrepreneurs that will ensure Québec remains a vibrant and progressive center for innovation, business diversity, and cultural exchange.