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MRC Beauce-Centre — Créavenir
QC, Canada
Créavenir offers credit and support for young entrepreneurs
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|preview
The Créavenir program by Desjardins offers young entrepreneurs up to $15,000 in credit and a $5,000 grant to support the establishment or development of businesses that are unable to access conventional financing. Participants receive personalized support, and the program is designed for startups or businesses operating for less than three years.
grant_single_labels|terms_and_conditions
This financing program offers comprehensive support to entrepreneurs through flexible credit solutions and potential grants. Designed for young entrepreneurs, it aims to enhance credit access and support business development.
- A line of credit up to $15,000 at the prime rate plus 0.5% for 5 years, with the possibility of increasing to $30,000 after 6 months based on credit history.
- A business credit card with a limit of up to $1,000, at the prime rate plus 0.5%.
- A grant of up to $5,000 may be available to be used as seed money for accessing other financing sources.
grant_single_labels|projects
This grant supports young entrepreneurs by providing financial assistance and support services to help them overcome barriers in obtaining credit. Eligible projects focus on the startup or development of businesses in their early stages.
- Startup of a new business venture.
- Development of an existing business that has been operating for less than three years.
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_eligibility_criteria|zone
This grant is targeted at supporting entrepreneurs associated with Beauce-Centre Économique.
- Individuals presenting their projects to Beauce-Centre Économique are eligible.
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.
