MRC Arthabaska — Futurpreneur Canada
Victoriaville, Canada
Funding and mentorship for young entrepreneurs in Canada
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Loans and Capital investments
Expert Advice
Partnering and Collaboration
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC Arthabaska
grant_single|status
grant_card_status|open
grant_single_labels|preview
<p>Futurpreneur Canada's program offers up to $60,000 in funding to young entrepreneurs aged 18 to 39, providing resources to develop business plans, mentorship, and support to grow successful businesses. The program is designed to assist new businesses that have been operating for less than 12 months and requires entrepreneurs to engage in mandatory mentorship to ensure sustainability and success.</p>
grant_single_labels|terms_and_conditions
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.
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|zone
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.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Ensure you meet all eligibility criteria such as age, business stage, and location.
- Step 2: Business Plan Preparation
- Develop a comprehensive business plan demonstrating the viability of your business idea.
- Include financial projections, marketing strategy, and operational plans.
- Step 3: Register and Apply
- Visit the Futurpreneur Canada website to create an account or log in.
- Complete the application form with necessary business details and personal information.
- Attach your business plan and any relevant supporting documents.
- Step 4: Mentorship Agreement
- Agree to the terms of the mandatory mentorship program.
- Select any preference for mentorship match (if available).
- Step 5: Submission
- Review the application for any errors or missing information.
- Submit the application through the online portal.
- Step 6: Receive Confirmation
- Receive a confirmation email acknowledging receipt of your application.
- Keep the confirmation for your records and follow up if needed.
grant_single_labels|otherInfo
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.