Open
Source verified September 3, 2026
MRC Abitibi-Ouest — Young Promoters Fund
Technical and financial support for young people in Abitibi-Ouest
Offered by
Funding available
$ 500 - $ 5,000
Deadline
Open continuously
Location
Canada
Overview
The Young Promoters Fund supports promoters in the MRC d’Abitibi-Ouest aged 18 to 40 years and the creation of a first or second business. It finances capital expenditures, technologies and working capital with non-repayable assistance of up to 10 % of the project cost.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Start a business
Eligible Funding
- Maximum amount : 5,000 $
- Minimum amount : 500 $
- Up to 10% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Youth (<40)
Next Steps
1
Determine your project
2
Validate your eligibility
Availability timeline
2026
Periods: 1
Activities funded
- Creation of an eligible business.
- Project carried out in a prioritized business sector.
Documents Needed
- Business financial assistance application form
- Business plan or succession plan
- Projected financial statements covering the first three years of operations
Eligibility
Who is eligible?
- Promoters from the territory of the MRC d’Abitibi-Ouest.
Who is not eligible
- People enrolled in a full-time study program.
- Promoters who have been the owner or shareholder of more than one business before the project is carried out.
Eligible expenses
- Capital expenditures such as land, building, materials and equipment, incorporation fees and other similar expenditures.
- Acquisition of technologies, software or packaged software, and other similar expenditures.
- Working capital needs strictly related to the business’s operations for the first year of operation.
Ineligible Costs and Activities
- Goodwill expenses.
- Rolling equipment.
Eligible geographic areas
- MRC d’Abitibi-Ouest territory
Selection criteria
- The project is evaluated based on the documents submitted, notably a business plan or succession plan and projected financial statements covering the first three years of activities.
How to apply
- Complete the dedicated form with the help of our development advisors.
Processing and Agreement
- The project will be evaluated based on the documents submitted, including a business plan or succession plan as well as projected financial statements covering the first three years of activities.
- The promoter will be granted a maximum period of one year to complete the project.
- The promoter must demonstrate that financial assistance is necessary to complete or improve the business’s financial plan in order to ensure the project’s feasibility.
- The promoter not subject to awarding rules must award any necessary construction contract to the lowest compliant bidder according to the specified rules.
- The amounts granted are paid upon receipt of supporting documents; in the event of sale or closure before 24 months, the assistance must be repaid pro rata for the remaining time.
Additional information
- The Young Promoters Fund is non-recurring.
Frequently Asked Questions about the MRC Abitibi-Ouest — Young Promoters Fund Program
What is the MRC Abitibi-Ouest — Young Promoters Fund?
The Young Promoters Fund supports promoters in the MRC d’Abitibi-Ouest aged 18 to 40 years and the creation of a first or second business. It finances capital expenditures, technologies and working capital with non-repayable assistance of up to 10 % of the project cost.
How much funding can be received?
MRC Abitibi-Ouest — Young Promoters Fund Funds up to 10% of admissible expenses, capped at $5,000 per project.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the MRC Abitibi-Ouest — Young Promoters Fund program?
To be eligible for the MRC Abitibi-Ouest — Young Promoters Fund program, you must:
The promoter must be between 18 and 40 years old inclusive at the time of registration.
The promoter must have relevant experience or training for the project and not be enrolled in a full-time study program.
The promoter must commit to working full time in the business, not have been the owner or shareholder of more than one business before the project, and demonstrate financial capacity to invest an equity contribution equal to the amount requested.
What expenses are eligible under MRC Abitibi-Ouest — Young Promoters Fund?
Creation of an eligible business.
Project carried out in a prioritized business sector.
Where is the MRC Abitibi-Ouest — Young Promoters Fund available?
The MRC Abitibi-Ouest — Young Promoters Fund program is available across Canada.
Is the MRC Abitibi-Ouest — Young Promoters Fund a grant, loan, or tax credit?
MRC Abitibi-Ouest — Young Promoters Fund is a Grant and Funding