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MRC Beauce-Centre — Propulsion Fund - QC - Canada

MRC Beauce-Centre — Propulsion Fund

Last Update: January 24, 2025
QC, Canada
Financial support for emerging businesses in Beauce-Centre

MRC Beauce-Centre — Propulsion Fund at a glance

Eligible Funding
  • From $1,000 to $10,000
  • Up to 50% of project cost
Timeline
  • Continuous Intakes
Financing Type
Grant and Funding
Eligible Industries
  • All industries
Grant Providers
  • MRC Beauce-Centre
Status
Open

Overview of the MRC Beauce-Centre — Propulsion Fund program

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.

Financing 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.

Eligible projects & activities

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.

Eligibility criteria of the MRC Beauce-Centre — Propulsion Fund program

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.

Who is eligible?

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.

Who is not eligible

The Fonds Propulsion grant is designed to support specific business ventures in Beauce-Centre. There are certain restrictions related to the 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.

Eligible geographic areas

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.

How to apply to the MRC Beauce-Centre — Propulsion Fund program

1
Check eligibility
  • Make sure that your business is located in the MRC Beauce-Centre and that it is in the pre-start phase, start-up phase, or has been operating for more than 5 years but is developing a new service/product in a new sector.
  • Confirm that your crowdfunding campaign on La Ruche has been successfully completed.
2
Launch the crowdfunding campaign
  • Set up a crowdfunding campaign on La Ruche with a goal of at least $2,000.
  • Ensure that your service or product offers collective benefits for the community.
3
Gather the necessary documentation
  • Prepare your business plan and all required financial forecasts.
  • Gather documents demonstrating the collective benefits of the project.
4
Submit a grant application
  • Submit your application to Beauce-Centre Économique.
  • Make sure that all supporting documents, including proof of successful crowdfunding, are included.
5
Follow-up
Contact Beauce-Centre Économique for any additional information or assistance needed.

Additional information

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

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