MRC Arthabaska — Futurpreneur Canada

The MRC Arthabaska in partnership with Futurpreneur Canada provides substantial financial support aimed at empowering young entrepreneurs across Canada. This grant program is designed to facilitate business startups through considerable funding and supplementary resources.

• Provision of up to $60,000 in startup funding per eligible entrepreneur.
• A mandatory two-year mentorship program accompanying the loan provides world-class business mentorship.

Eligibility for this grant is determined by specific requirements related to the entrepreneur’s profile and business operations.

• The applicant must be aged between 18 to 39 years.
• The applicant must be legally authorized to work in Canada, excluding those with work permits.
• The business must demonstrate viability through a complete business plan submission.
• The business must have been operational for less than 12 months.
• The applicant must reside in or operate the business in a locality that offers Futurpreneur Canada programs.
• The applicant must possess relevant training and/or experience related to the project.
• The applicant must commit to working with a mentor for two years.
• The business must create a sustainable full-time job for the applicant.
• The applicant must own at least 51% of voting shares and participate in the daily management of the business.
• The loan must not be used for refinancing existing debts.

Who is eligible?

This grant is aimed at young entrepreneurs in Canada aged between 18 to 39 years who have a viable business idea. Applicants must be legally authorized to work in Canada and meet specific criteria, including demonstrating the business's viability through a complete business plan, operating for less than 12 months, residing or operating within areas where Futurpreneur programs are available, and committing to work with a mentor for two years.

Eligible geographic areas

This grant is specifically offered in the regions associated with the Corporation de développement économique de Victoriaville et sa région (CDEVR). The support focuses on these targeted areas to foster local entrepreneurship.

• Companies based in Victoriaville and its surrounding regions.

Here are additional relevant details for this grant:

• Futurpreneur Canada offers a mandatory world-class mentorship program as part of the financing package.
• Mentorship lasts for two years, providing guidance to enhance business success rates during the start-up phase.
• Mentors are experienced business professionals who are matched individually with entrepreneurs based on mentorship suitability.
• The loan should not be used for existing debt refinancing, ensuring funds are allocated strictly to new business development or expansion efforts.