How much funding can be received?

Funds up to 50% of admissible expenses, capped at $10000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Beauce-Centre — Propulsion Fund?

MRC Beauce-Centre — Propulsion Fund is funded by MRC Beauce-Centre

What are MRC Beauce-Centre — Propulsion Fund's eligibility criterias?

The company must be in the pre-startup or startup phase (operating for less than 5 years) or operating for over 5 years but developing a new service or product in a new sector. The company must be located and operating within the territory of the MRC de Beauce-Centre. The service or product offered must have collective benefits within the MRC Beauce-Centre.

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

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.

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.

Gather the necessary documentation

Prepare your business plan and all required financial forecasts.
Gather documents demonstrating the collective benefits of the project.

Submit a grant application

Submit your application to Beauce-Centre Économique.
Make sure that all supporting documents, including proof of successful crowdfunding, are included.

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.

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