MRC La Jacques-Cartier — Young Promoters Fund (JP)
QC, Canada
Funding for young entrepreneurs in La Jacques-Cartier
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- grant_single|timelineUnspecified
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Grant and Funding
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- MRC La Jacques-Cartier
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The Fonds Jeunes promoteurs aims to support young entrepreneurs aged 18 to 35 in launching their first business in the MRC de La Jacques-Cartier area, with a maximum funding of up to $9,000 for two promoters. Eligible activities include business start-up, studies, training, and business succession planning, with the requirement to create two jobs within two years.
grant_single_labels|terms_and_conditions
The Young Promoters Fund provides financial support to first-time entrepreneurs to foster job creation and business growth within MRC de La Jacques-Cartier. The financing is structured to support diverse stages of business development.
- Grants of up to $6,000 for a single promoter and up to $9,000 for two promoters or more.
- Specific funding allocations include up to $3,000 for project concretization studies, $6,000 for business creation, $1,000 for training, and $3,000 for succession planning.
- Applicants must provide a personal contribution amounting to 20% of the project cost or at least 50% of the grant received.
- Exceptions may be made to fund individuals over 35 years for business creation.
grant_single_labels|projects
The Young Promoters Fund (JP) provides financial support for activities aimed at fostering new business ventures among young entrepreneurs in the La Jacques-Cartier region. It emphasizes investments in projects that contribute to job creation within their first two years of operation.
- Activities related to the concretization phase such as feasibility studies or initial planning.
- Creation of new business initiatives or start-ups.
- Training and professional development to enhance business skills and knowledge.
- Succession planning or business continuity activities to ensure long-term sustainability.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the entrepreneur's profile and business activities.
- The entrepreneur must be between the ages of 18 and 35, inclusively.
- The entrepreneur must be starting a first business or have been in business for less than 12 months.
- The entrepreneur must work full-time in the business.
- The business must create 2 jobs, or their equivalent, within 2 years of starting operations.
- The entrepreneur must provide a down payment equal to 20% of the project's cost or at least 50% of the Young Promoters subsidy.
grant_eligibility_criteria|who_can_apply
Young entrepreneurs aged 18 to 35 who are in the process of starting their first business or have been in business for less than 12 months within the MRC de La Jacques-Cartier region. These entrepreneurs must commit to working full-time in their businesses and contribute to job creation.
grant_eligibility_criteria|zone
This grant is available to companies located within a specific geographical area determined by the funding body. Companies must be situated in the region to qualify for the financial support provided.
- Businesses located in the territory of the MRC de La Jacques-Cartier.
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Here are the steps to submit an application for this grant:
- Step 1: Check Eligibility Requirements
- Ensure you are between 18 and 35 years old or meet the exceptional criteria for the Création d’entreprise sector.
- Verify that your business is in the start-up phase or under 12 months old.
- Confirm your commitment to work full-time in the business and aim to create 2 jobs within two years of starting operations.
- Ensure you have a personal contribution of 20% of the project's cost or at least 50% of the Jeunes Promoteurs grant amount.
- Step 2: Prepare Your Application
- Gather necessary business documentation and financial information to support your application.
- Prepare a detailed business plan highlighting project goals and employment impact.
- Document how the grant will be used across Concrétisation, Création, Formation, or Relève sectors as applicable.
- Step 3: Complete and Submit Application
- Access the application form provided by the funding body.
- Fill out the application form accurately with all required details.
- Attach your business plan and any supporting documents.
- Step 4: Submission of Application
- Submit your completed application through the designated submission process—this may be via email or an online platform.
- Ensure you receive confirmation of submission, which may include an application reference number.
Apply to this program
Empowering Young Entrepreneurs in La Jacques-Cartier
The Fonds Jeunes Promoteurs grant is dedicated to supporting young entrepreneurs in the MRC de La Jacques-Cartier region during the critical early stages of launching their first business. This grant aims to foster job creation and encourage full-time entrepreneurship among individuals aged 18 to 35.
Detailed Insights into the Fonds Jeunes Promoteurs Grant
The Fonds Jeunes Promoteurs grant is a strategic initiative focused on nurturing the entrepreneurial spirit among young individuals in the MRC de La Jacques-Cartier. By offering financial support of up to $6,000 for a single entrepreneur and $9,000 for a team of two or more, this grant addresses the initial financial barriers that can hinder young entrepreneurs from bringing their business ideas to fruition. To qualify, entrepreneurs must be launching their first business or have been in operation for under a year, working full-time in the enterprise.
A key objective of the grant is to stimulate local employment within two years of the business's inception by requiring the creation of two jobs or their equivalent. This aspect underlines the program's commitment to contributing to the regional economy and enhancing the workforce landscape in La Jacques-Cartier. The grant is particularly attractive due to its focus on innovation and sustainable business practices, encouraging applicants to present plans that not only meet immediate market needs but also exhibit long-term potential for growth and sustainability.
In addition to the primary financial support, the Fonds Jeunes Promoteurs grant facilitates a broader ecosystem of entrepreneurial development by partnering with economic development services, such as the SDE. This partnership helps provide a robust support system, offering young entrepreneurs access to useful resources, mentoring opportunities through SAGE-Mentorat d'affaires, and guidance on navigating the complexities of starting and growing a business.
Beyond the immediate monetary aid, the program supports different aspects of business development. This includes allocations for studies or concretization, creation, and training, thus equipping entrepreneurs with the necessary tools to succeed. Entrepreneurs over 35 years old are given an exceptional chance to benefit from this grant in the business creation category, demonstrating the program's flexible and inclusive approach to fostering entrepreneurship.
One of the unique features of this grant is its requirement for personal financial involvement, where applicants must provide a matching fund equal to 20% of the project cost or at least 50% of the grant amount. This ensures that recipients are personally invested in their venture's success, aligning the incentives between the entrepreneur and the funding body.
By supporting young entrepreneurs through financial grants and additional developmental resources, the Fonds Jeunes Promoteurs actively contributes to building a sustainable and dynamic economic environment in MRC de La Jacques-Cartier. It assists not only in overcoming the initial financial hurdles but also in establishing a foundation for long-term entrepreneurial success, making it a crucial instrument in the region's strategy to nurture job creation and innovation.
This grant exemplifies how targeted financial initiatives can encourage entrepreneurship among young individuals, laying the groundwork for a vibrant, economically stable community. It underscores the importance of integrating financial support with mentorship and educational resources to maximize the potential impact of new businesses, fostering a cycle of growth and sustainability that benefits the entire region.
