MRC Beauce Sartigan — Young Promoters Fund (YP)
Beauce, QC, Canada
Fund supports young entrepreneurs' first business with technical and financial aid
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC Beauce-Sartigan
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds Jeunes Promoteurs (JP) aims to support young entrepreneurs aged 18 to 39 in creating or acquiring their first business by offering technical and financial assistance, with a maximum funding amount of $10,000 per enterprise. Eligible activities include projects that demonstrate viability through a business plan, create or maintain at least two permanent jobs, and are supported by a minimum equity investment of 20%.
grant_single_labels|projects
This grant supports young entrepreneurs in creating or acquiring their first business, offering both technical and financial assistance. It can cover a range of new business ventures as long as they meet the basic requirements of the grant, such as job creation and financial viability.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the entrepreneur's age, involvement, stake in the business, and project viability.
- The candidate must be between 18 and 39 years old.
- The candidate must have relevant experience or training related to the project.
- The candidate must commit to full-time involvement in the business.
- The candidate must own at least 50% of the business shares or, in the case of a business succession, hold at least 25% of the voting and participating shares.
- The project must be supported by a business plan and financial forecasts demonstrating viability.
- The project must result in the creation or maintenance of at least two permanent jobs.
- The candidate must contribute a minimum equity of 20% to the project.
grant_eligibility_criteria|who_can_apply
This grant is aimed at young entrepreneurs who wish to create or acquire their first business. It supports them with technical and financial assistance.
- Must be between 18 and 39 years old.
- Should have relevant experience or training related to the project.
- Commit to full-time work in the business.
- Own at least 50% of the business shares, or at least 25% of voting and participating shares for succession projects.
- Have a business plan and financial forecasts demonstrating project viability.
- Create or maintain at least two permanent jobs.
- Provide a down payment of at least 20%.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Gather Required Documents
- Prepare your business plan demonstrating the viability of your project.
- Prepare financial forecasts for your business.
- Ensure you have documents proving your experience or relevant training.
- Compile evidence of your intended full-time commitment to the business.
- Ensure documentation of your financial contribution (at least 20% of the required funds) is included.
- Prepare documentation evidencing the creation or maintenance of at least two permanent jobs.
- Step 2: Contact CEB Advisor
- Call the Conseil économique de Beauce at 418 228-8123 to consult with a counselor.
- Discuss your eligibility and the particulars of the application process.
- Step 3: Complete Application Form
- Obtain the application form through the Conseil économique de Beauce or their website.
- Fill out all sections of the application form accurately.
- Step 4: Submit Application
- Submit the completed application form along with all supporting documents to the Conseil économique de Beauce.
- Ensure the submission is before any stated deadlines.
- Confirm with CEB that the application has been received.
- Step 5: Await Response
- Wait for confirmation and results from the Conseil économique de Beauce regarding your application status.
grant_single_labels|contact
4182288123
Apply to this program
Empowering Youth Through Business Ownership
The Fonds Jeunes Promoteurs (JP) grant offers young entrepreneurs in Canada financial and technical support to create or acquire their first business. This fund, specifically tailored to individuals between the ages of 18 to 39, seeks to foster sustainable business growth and employment opportunities.
In-Depth Understanding of Fonds Jeunes Promoteurs (JP)
The Fonds Jeunes Promoteurs (JP) stands as a significant opportunity for young entrepreneurs in Canada striving to launch or take over their first business venture. Designed to empower the younger population segment, particularly those aged 18 to 39, this grant program combines financial backing with technical advice to ensure the success and viability of entrepreneurial projects. The initiative underscores the importance of generating sustainable employment, with a requirement that projects ensure the creation or preservation of at least two permanent jobs, thereby contributing to the wider economic and social fabric.
This interest-free financial support operates through a structured loan framework, providing up to $10,000 per business. A moratorium of 35 months on the capital ensures that entrepreneurs have a grace period to stabilize and grow their business before starting repayments, making it financially manageable. The repayment structure is designed with two main installments, offering flexibility and reduced financial pressure during the initial years of business operation.
The grant necessitates a strong commitment from the entrepreneur, who must possess not only a relevant background and full-time engagement in the business but also significant equity stake—at least 50% in general situations or 25% of voting shares in succession projects. Such prerequisites cement the entrepreneur’s dedication and align with the program's objective of fostering responsible and hands-on business management.
Additionally, the loan amount is contingent upon the promoter's financial contribution, emphasizing the importance of shared investment and risk. This equity condition, along with a robust business plan and financial forecasts, ensures that young entrepreneurs are well-prepared and that their business model is credible and geared towards success. These rigorous criteria are intended to screen potential applicants and channel resources towards initiatives that not only have a solid foundation but also demonstrate a high potential for success and impact.
The Fonds Jeunes Promoteurs' alignment with broader economic goals, such as job creation and youth engagement in the economy, exemplifies its role as a crucial element in regional economic development strategies. As young entrepreneurs embark on their business journeys, they not only gain access to financial resources but also become integral participants in the local economy, influencing regional growth and innovation.
The Fund offers more than just financial aid; it encourages networking, mentorship, and professional growth, enabling young business owners to connect with seasoned professionals and expand their business acumen. These peripheral benefits promote sustainable business practices and innovation, crucial for the dynamic economic landscape of today.
Overall, the Fonds Jeunes Promoteurs creates a gateway for enthusiastic and capable young individuals to transform their business ideas into tangible ventures, thereby playing a significant role in strengthening Canada's entrepreneurial ecosystem and supporting the nation's economic future. By facilitating access to crucial early-stage funds and ensuring insightful mentorship, the program empowers young leaders to drive innovation and economic stability at a grassroots level.
