How much funding can be received?

Funds up to 10% of admissible expenses, capped at $25000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Beauce-Sartigan — Futurpreneur Canada?

MRC Beauce-Sartigan — Futurpreneur Canada is funded by MRC Beauce-Sartigan

What are MRC Beauce-Sartigan — Futurpreneur Canada's eligibility criterias?

Applicants must be Canadian citizens or permanent residents aged between 18 to 39 years. The business must be in startup phase or have been operating for less than two years. The entrepreneur must commit to working with a mentor for up to two years.

MRC Beauce-Sartigan — Futurpreneur Canada

Last Update: May 13, 2025

QC, Canada

Funding, mentorship, and tools for young Canadian entrepreneurs

MRC Beauce-Sartigan — Futurpreneur Canada at a glance

Eligible Funding

Max. $25,000
Up to 10% of project cost

Timeline

Continuous Intakes

Financing Type

Expert Advice

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

MRC Beauce-Sartigan

Status

Open

Overview of the MRC Beauce-Sartigan — Futurpreneur Canada program

Futurpreneur Canada is a program designed to provide up to $25,000 in funding, along with mentorship and tools, to entrepreneurs aged 18 to 39 to help them build sustainable businesses. Eligible activities exclude the refinancing of existing debt and businesses involved in inappropriate or illegal activities.

Financing terms and conditions

This grant provides a structured loan financing model designed to support young entrepreneurs in establishing viable businesses. It offers financial assistance through loans with specific interest and repayment conditions to ensure sustainable business growth.

Loan amounts up to $25,000 per business from Futurpreneur Canada.
Additional funding up to $50,000 available from BDC if more capital is required.
Loans are amortized over a period of five years.
Only interest payments are required during the first 12 months following the loan grant.
Principal repayments made through monthly blended payments plus interest over the next four years.
Early repayment options are available.
Interest calculated at CIBC’s prime rate + 3%, with a cap system if CIBC's prime exceeds 6% or 9%.
BDC interest charged at their variable rate + 1.65%.
A single management fee of 1% applies to the total loan balance from Futurpreneur.
BDC charges a $50 processing fee after loan disbursement.

Eligible projects & activities

This grant supports young entrepreneurs in establishing and growing their businesses by providing financial assistance, mentorship, and essential tools. Eligible projects focus on sustainable business practices, innovative solutions, and creating lasting employment opportunities.

Starting a new business venture with a solid business plan.
Business ideas focused on creating full-time sustainable jobs.
Implementing innovative products or services that adhere to recognized standards and norms.
Projects that do not involve the refinancing of existing debt or unethical business practices.

Eligibility criteria of the MRC Beauce-Sartigan — Futurpreneur Canada program

The eligibility criteria for this grant establish the basic requirements that applicants must meet to qualify for support.

Applicants must be between 18 and 39 years old.
Applicants must be Canadian citizens or permanent residents.
Applicants' businesses must be in startup phase or have been operational for less than two years.
Applicants must agree to work with a mentor for a period of up to two years.
The business must create a full-time sustainable job.
In case of partnership, applicants must own at least 51% of the voting shares of the business.
Applicants must not be full-time students.
Applicants must generally contribute 10% of the total project financing as their investment in the business.
The loan cannot be used to refinance an existing debt.
The loan cannot be used to fund sexually exploitative businesses or activities that are against generally recognized standards of conduct and propriety, including businesses dealing in sexually explicit products, services, or entertainment; businesses engaged in or involved with illegal activities; businesses dealing with entities from countries proscribed by the federal government; or any other inappropriate business activities for government funding.

Who is eligible?

- You are an entrepreneur aged between 18 to 39 years.- You are a Canadian citizen or a permanent resident.- Your business is a startup or has been operating for less than 2 years.- You commit to working with a mentor for up to two years.- You aim to create a sustainable full-time job.- You own at least 51% of the voting shares of the company if in a partnership.- You are not a full-time student.- You have invested typically 10% of the total project funding value.- The loan cannot be used to refinance existing debt.- The loan cannot fund businesses involved in sexual exploitation, illegal activities, or inappropriate business activities for government funding.

Who is not eligible

This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.

Companies involved in sexually exploitative activities or offering sexually explicit products, services, or entertainment.
Businesses engaged in illegal activities or associated with such activities.
Companies conducting business with entities from countries banned by the federal government.
All other business activities deemed inappropriate for government financing.

How to apply to the MRC Beauce-Sartigan — Futurpreneur Canada program

Verification of eligibility

Make sure you are between 18 and 39 years old and meet all eligibility criteria.

Preparation of the request

Gather all necessary documents to prove your Canadian citizenship or permanent residence.
Prepare a detailed business plan.
Develop your financing project by detailing the use of the requested funds.

Online registration

Visit the Futurpreneur Canada website.
Create an account on their online platform if you do not already have one.

Grant mentoring

Choose a mentor with whom you will work during the required period.

Submission of the request

Access your account on the Futurpreneur Canada website.
Complete all required forms and upload the relevant documents.
Check all the information provided before submission.

Reception and processing

Wait for the confirmation of the receipt of your request.
Track the status of your request through your online account.

Additional information

If you are applying for the Futupreneur Canada program, here are some additional details to consider:

Successful applicants are required to work with a mentor for up to two years, reinforcing a support network for business growth and sustainability.
A management fee of 1% will be deducted from the total Futurpreneur loan amount, which applicants should account for in their financial planning.
For loans involving BDC, a one-time instruction fee of $50 will be charged post-loan issuance.
The interest rate on loans provided through Futurpreneur is tied to the CIBC prime rate with a cap at 9%, safeguarding against excessively high-interest rates if the CIBC prime rate surpasses this threshold.
Applicants should be prepared for an interest-only payment period lasting twelve months from the loan grant date, which transitions to monthly amortized payments afterward.
Prepayment of the loan is an option available, offering flexibility in managing financial commitments.

Contact MRC Beauce-Sartigan

418 228-8123

Apply to this program

Accelerator program for Quebec-based tech startups seeking growth