MRC Beauce-Centre — Créavenir
QC, 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
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC Beauce-Centre
grant_single|status
grant_card_status|open
grant_single_labels|projects
Eligible projects for this grant are those that involve the startup or development of young businesses. The program specifically targets entrepreneurs with viable business plans who need financial support to overcome barriers to conventional credit access.
- Startup of a new business less than three years old.
- Development and growth of an existing business under three years in operation.
grant_single_labels|admissibility
Eligibility for the Créavenir grant program is determined by specific criteria that pertain to the entrepreneur's profile and the business project details.
- The entrepreneur must be between 18 and 39 years old.
- The business project must be a viable start-up or a development of an existing business for less than 3 years.
- The entrepreneur must not have access to conventional credit or insufficient access to realize their project.
- The entrepreneur must be a member of a Desjardins caisse.
- The project must be submitted to a local partner economic development organization for evaluation.
grant_eligibility_criteria|who_can_apply
The Créavenir program by Desjardins is designed for young entrepreneurs who face challenges in accessing conventional credit. To qualify, applicants must be between 18 and 39 years old, have a viable project for either starting a new enterprise or further developing an enterprise that has been operating for less than 3 years, be members of a Desjardins caisse, and lack sufficient access to regular credit networks necessary for their projects. They are also required to submit their business plan to a local partner development organization for evaluation. Individuals who meet these criteria and whose projects demonstrate viability, but have insufficient personal funds or guarantees, can apply for support through the Créavenir selection committee.
grant_eligibility_criteria|eligible_expenses
The grant can be used to support initial funding requirements for further financial opportunities.
- Funds can be used as initial equity to access additional financing sources.
grant_single_labels|register
Here are the steps to submit an application for the Créavenir grant:
- Step 1: Ensure Eligibility
- Verify that the business has been operational for less than 3 years.
- Ensure the business promoter is aged between 18 to 35 years and is a member of Desjardins.
- Confirm there's no access to conventional credit networks.
- Step 2: Develop Business Proposal
- Prepare a comprehensive business plan.
- Include financial forecasts demonstrating business viability.
- Step 3: Submit to Local Partner
- Identify the appropriate local development organization in your region.
- Submit your business plan to the local partner for evaluation.
- Step 4: Presentation to Selection Committee
- If the local partner deems the project viable, prepare to present your project to the Créavenir selection committee.
- Highlight financial management capacity and business potential.
- Step 5: Await Decision
- Receive feedback on the viability and approval of financial support.
- If approved, engage with the accompanying support offered throughout the business start-up.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The Creavenir program provides ongoing support to entrepreneurs, offering personalized guidance alongside financial assistance.
- Building credit history is a key feature of this program, helping participants strengthen their future credit applications.
- Entrepreneurs have the potential to increase their credit limit after demonstrating responsible financial management for at least six months.
Apply to this program
Empowering Young Entrepreneurs with Créavenir
The Créavenir program by Desjardins offers vital financial support to young entrepreneurs who face challenges in accessing traditional credit sources. This initiative provides a line of credit and other financial resources to help emerging businesses grow and succeed.
Detailed Overview of the Créavenir Program's Impact
The Créavenir program is an innovative response to the financial challenges that young entrepreneurs may encounter, especially those who do not have adequate access to conventional credit facilities. This program, offered by Desjardins, specifically targets entrepreneurs aged between 18 and 39 who are keen on starting a business or advancing a venture that has been operational for less than three years. The main goal is to bolster economic growth by supporting the entrepreneurial spirit in younger generations, helping them overcome typical financial hurdles.
One of the primary benefits of the Créavenir program is its provision of a line of credit up to $15,000, extendable to $30,000 contingent on good financial behavior after six months. This financial support is offered at a favorable rate of the prevailing base rate plus 0.5% over a period of five years, enabling young entrepreneurs to manage cash flow more effectively during the critical early stages of their business journey.
Furthermore, entrepreneurs are offered a business credit card with a credit limit of $1,000 under similar rate conditions, providing an additional financial management tool. Another outstanding feature of Créavenir is the provision of a potential subsidy of up to $5,000. This grant can serve as a crucial equity contribution, unlocking access to other financial resources that may require initial self-funded investments.
The program also emphasizes extensive support and personalized coaching for participants. This aspect is critical because it helps fill the knowledge gap that many young entrepreneurs might have, guiding them through essential stages of business development such as market analysis, financial forecasting, and strategic planning. By facilitating foundational skills, Desjardins ensures that young entrepreneurs are not just financially supported but are also equipped with the tools necessary for sustained business success.
In addition to financial and advisory support, Créavenir fosters a community among its participants, linking them with local development organizations. This network enhances business viability by connecting entrepreneurs with resources, potential investors, and partnerships, which are pivotal for long-term growth and development.
The Créavenir program stands out for its dedication to solving discrepancies in credit access for emerging businesses. By targeting young entrepreneurs who lack traditional financial backing, it fills a critical funding gap, thereby promoting inclusivity and driving innovation across various sectors. As these young business leaders grow, the broader economic landscape benefits from new ideas, services, and contributions—an essential factor for a thriving economy.
Ultimately, Créavenir represents not just a financing option but a comprehensive strategy to cultivate business savvy among young Canadians. It prioritizes sustainable growth, encouraging entrepreneurial ventures that contribute positively to local economies. By providing substantial financial tools, educational support, and community connections, Desjardins' Créavenir program builds a pathway for innovative and robust business solutions led by empowered young entrepreneurs.
