MRC Abitibi-Ouest — CRÉAVENIR Program
Overview
The Créavenir program, a partnership between MRC d'Abitibi-Ouest and Desjardins, aims to support young entrepreneurs aged 18 to 35 by providing financial leverage for startup or business development projects lacking conventional financing access. It offers a maximum of 25% of the project cost up to $5,000 in non-repayable aid, alongside a potential credit line of up to $15,000.
At a glance
Funding available
- No objectives are currently available
- Maximum amount : 5,000 $
- Up to 25% of project cost
- Open continuously
Eligible candidates
- All industries
- Abitibi-Ouest
- Abitibi-Témiscamingue
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Youth (<40)
- Startups
Activities funded
This grant supports young entrepreneurs in the MRC d'Abitibi-Ouest region by providing financial assistance to help them start or develop a viable business project. It assists those who lack the necessary guarantees or capital for conventional financing.
- Starting a new business within the eligibility criteria.
- Development of an existing business that has been established for less than three years and funded personally.
Eligibility
Eligibility for this grant is determined by specific requirements pertaining to the applicant's age, business status, financial situation, and geographical location.
- The applicant must be aged between 18 and 35 years.
- The applicant must have a viable business startup or a developmental project for an existing business that is less than 3 years old.
- The source of funding for the business must be personal.
- The applicant must not have sufficient guarantees or the required down payment for access to conventional financing.
- The applicant must be a member of one of the participating Desjardins caisses or become one.
- The applicant must reside in the territory of the MRC d’Abitibi-Ouest.
Who is eligible?
This grant is specifically to assist young entrepreneurs between the ages of 18 and 35 who are launching a new business or developing an existing one that has been established for less than 3 years. Applicants must not have the necessary collateral or down payment required for conventional financing. They must reside in the territory of the MRC d’Abitibi-Ouest and should be members or become members of one of the participating Desjardins caisses. The project must be funded personally by the entrepreneur.
Eligible geographic areas
This grant specifically supports companies located within a designated area as outlined by the funding partnership. Eligible locations are focused on fostering regional entrepreneurial development.
- Companies residing in the territory of the MRC d’Abitibi-Ouest.
How to apply
Preparation of the business plan
- Contact a professional for help in finalizing your business plan.
- Check that your project meets the eligibility criteria of the program.
Contact with an advisor
- Make an appointment with a development advisor to discuss the details of your project.
- Obtain additional information about the program and the steps to follow.
Submission of the request
- Prepare your application by following the instructions provided by the advisor.
- Submit the application to the MRC d'Abitibi-Ouest office or to one of the participating Desjardins branches.
Confirmation and follow-up
- Receive a confirmation of receipt of your request from the organization.
- Ensure regular follow-up with the advisor to know the status of your request.
Additional information
The Programme CRÉAVENIR has certain additional details that applicants should know:
- This programme is a partnership initiative led by the MRC d’Abitibi-Ouest and Desjardins, emphasizing local economic development.
- Financial aid provided may be both non-repayable and repayable, highlighting the importance of understanding each component.
- Although no minimum personal investment is required, successfully obtaining funds may depend on securing additional financing from other programmes.
- Applicants must engage with professional consultants to complete their business plan as a mandatory pre-requisite before submitting the application.
- The margin of credit offered comes with a competitive interest rate pegged to the prime rate plus a 0.5% markup.
- Applicants must either be existing members of participating Desjardins caisses or commit to becoming members.
- There's an emphasis on applicants receiving ongoing support and advisement throughout their entrepreneurial journey.
