MRC Beauce-Centre — Propulsion Fund
QC, Canada
Financial support for emerging businesses in Beauce-Centre
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- grant_single|timelineUnspecified
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Grant and Funding
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- MRC Beauce-Centre
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The Fonds Propulsion provides financial support of up to $10,000 for start-ups and growing businesses within the MRC Beauce-Centre to foster entrepreneurship and innovation. Eligible activities include developing new services or products with collective benefits for the community as demonstrated through a successful crowdfunding campaign on La Ruche.
grant_single_labels|terms_and_conditions
The Propulsion Fund provides financial support to emerging and growing businesses by matching a significant portion of their crowdfunding efforts. This funding is designed to spur economic growth within the MRC Beauce-Centre region.
- The aid is granted as a bursary amounting to 50% of the crowdfunding target achieved on the La Ruche platform, up to a maximum of $10,000.
grant_single_labels|projects
Projects eligible for the MRC Beauce-Centre Propulsion Fund focus on business development in new sectors and collective impact. These initiatives prioritize crowdfunding success and regional economic growth.
- Establishment or growth of businesses less than 5 years old in the MRC Beauce-Centre region.
- Development of new products or services by businesses older than 5 years, entering new sectors.
- Projects demonstrating significant collective benefits for the MRC Beauce-Centre community.
grant_single_labels|admissibility
Eligibility for the Fonds Propulsion grant requires meeting specific criteria related to the business status, location, and impact of the proposed project.
- The business must be in the pre-startup or startup phase (under 5 years old) or be an existing business over 5 years old developing a new product/service in a new industry sector.
- The business must be located and operating within the MRC Beauce-Centre territory.
- The product or service offered must have collective benefits within the MRC Beauce-Centre.
- The business must have successfully completed a crowdfunding campaign on the La Ruche platform.
- The campaign goal must be at least $2,000 to qualify for matching funds up to $10,000.
grant_eligibility_criteria|who_can_apply
Projects eligible for this grant must be associated with businesses in their pre-startup or startup phase, or established businesses expanding into new sectors with collective impact in the MRC Beauce-Centre.
- Pre-startup or startup businesses (operating for less than 5 years).
- Established businesses (operating for more than 5 years) developing new services/products in a different sector.
- Businesses located and active within the MRC Beauce-Centre territory.
- Projects with collective benefits within the MRC Beauce-Centre.
- Businesses that have successfully completed a crowdfunding campaign on La Ruche platform.
grant_eligibility_criteria|who_cannot_apply
The Fonds Propulsion grant is designed to support specific business ventures in Beauce-Centre. There are certain restrictions related to the eligibility criteria.
grant_eligibility_criteria|eligible_expenses
This grant helps finance several types of essential expenses for the development of specific projects.
- Salaries of employees directly assigned to the project.
- Purchase of materials and equipment necessary for the project.
- Research and development costs related to the project.
- Fees for external consultants and experts.
- Staff training costs related to the project.
grant_eligibility_criteria|zone
This grant is designed to support businesses located specifically within a defined geographical area, reflecting a targeted approach to regional economic development in Canada.
- Companies situated and operating in the territory of the MRC Beauce-Centre.
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- Step 1: Verify Eligibility
- Ensure your business is located in the MRC Beauce-Centre and is in the pre-startup phase, startup phase, or over 5 years but developing a new service/product in a new sector.
- Confirm that your crowdfunding campaign on La Ruche has been successfully completed.
- Step 2: Launch Crowdfunding Campaign
- Set a crowdfunding campaign on La Ruche with at least a $2,000 goal.
- Ensure your service or product has collective benefits for the community.
- Step 3: Collect Necessary Documentation
- Prepare your business plan and any required financial forecasts.
- Gather documents demonstrating the collective benefit of the project.
- Step 4: Apply for the Grant
- Submit your application to Beauce-Centre Économique.
- Ensure all accompanying documents, including proof of successful crowdfunding, are included.
- Step 5: Follow Up
- Contact Beauce-Centre Économique for any further information or assistance needed.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The financial assistance is provided as a grant equivalent to 50% of the campaign's goal on La Ruche, up to a maximum of $10,000.
- The crowdfunding campaign on La Ruche must be successful prior to becoming eligible for the fund.
- The minimum campaign goal required to qualify for the fund is $2,000, allowing a minimum grant of $1,000 and a maximum of $10,000.
- Beauce-Centre Économique offers additional support services such as business plan writing and analysis, financial forecasting, business modeling, and individual mentoring.
Apply to this program
Fonds Propulsion: Empowering New Business Ventures in Beauce-Centre
The Fonds Propulsion grant provides crucial financial support to startups and expanding businesses in the MRC Beauce-Centre region by leveraging the crowdfunding platform La Ruche. This initiative aims to foster economic growth and collective benefits through matching contributions that bolster local entrepreneurial projects.
Extensive Insights into the Fonds Propulsion Grant and Its Benefits
Fonds Propulsion is a vital financial instrument designed to energize the entrepreneurial ecosystem within the MRC Beauce-Centre. By granting aid equal to 50% of a project's crowdfunding objective on La Ruche, up to a value of $10,000, Fonds Propulsion directly empowers businesses in their nascent stages or those innovating new products or services. This mechanism not only enhances the financial resources available to budding enterprises but also validates business ideas through a community-driven funding approach.
This supportive funding model is particularly beneficial for businesses that are either in the critical pre-startup or early startup phases, or established enterprises pivoting into new sectors. The requirement for a successful crowdfunding campaign ensures that projects have community backing and market feasibility prior to receiving additional financial support. Such a dual funding pathway leverages crowd insights and investor confidence, thereby increasing the likelihood of business success.
Eligible businesses must be located within the Beauce-Centre region, emphasizing a strong local impact and fostering a dense network of interdependent businesses that can collectively drive regional economic development. The requirement for collective benefits underscores the grant's focus on societal and community-level improvements, ensuring that funded projects contribute positively to local economies.
By partnering with La Ruche, a recognized crowdfunding platform, Fonds Propulsion integrates modern funding strategies with traditional grant assistance. Businesses gain exposure to potential customers and investors during their crowdfunding campaigns, which doubles as a market test and enables them to refine their products and services in line with real-time feedback from their target audience.
Successfully realizing a crowdfunding target is a testament to a project's potential, and matching funds from Fonds Propulsion amplify this success by providing additional financial stability. This means that businesses can focus on scaling operations, investing in new equipment, expanding their market reach, and fully developing innovative business models without the immediate pressures of financial shortfall.
Moreover, businesses access an array of advisory services through Beauce-Centre Économique, which include assistance with business planning, financial forecasting, and business model adaptation. These services are crucial for business leaders who might need strategic guidance to navigate the complexities of starting or reshaping a business.
The ultimate mission of Fonds Propulsion aligns with the broader objectives of Beauce-Centre Économique, aiming to create a thriving, innovative, and economically diverse community. Through strategic funding and innovative financial tools, the grant program encourages a sustainable entrepreneurial environment where visionaries and innovators have the support and resources necessary to manifest their ideas and contribute to the collective prosperity of the Beauce-Centre.
In conclusion, Fonds Propulsion not only catalyzes individual business success but also strengthens community bonds and collective economic resilience. By nurturing innovative projects and supporting strategic expansions, the grant helps create a robust framework for sustainable growth and development in the region, thereby positioning Beauce-Centre as a beacon of entrepreneurial innovation.
