
MRC Bellechasse — New promoter funds (FNP)
- Open continuously
Overview
The Fonds nouveaux promoteurs (FNP) offers financial contributions in the form of interest-free medium-term credits to support young Canadian entrepreneurs in Quebec with the start-up or acquisition of their first business, providing a maximum of $10,000 in funding for eligible activities such as feasibility studies, business creation, and entrepreneur training. The program aims to foster entrepreneurship by assisting projects that demonstrate viability, job creation, and financial necessity.
At a glance
Funding available
- Reduce environmental footprint
- Renovate or expand facilities
- Maximum amount : 10,000 $
- Up to 75% of project cost
- Open continuously
Eligible candidates
- All industries
- Bellechasse
- Chaudière-Appalaches
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- 2 employees minimum
- Canadians
- Youth (<40)
- Startups
Next steps
Activities funded
This grant focuses on promoting entrepreneurship by supporting business creation and expansion as well as offering training to new entrepreneurs. Eligible projects under this program are designed to ensure viable business ventures that contribute to job creation and regional economic development.
- Feasibility study or other preparatory studies aimed at the creation of an enterprise.
- Studies for the diversification and introduction of new products and services for existing businesses.
- Startup or acquisition of a first legally constituted company by a young entrepreneur.
- Training that is relevant and necessary for the new entrepreneur to successfully execute the project.
Eligibility
Who is eligible?
Eligible applicants for the Fonds nouveaux promoteurs (FNP) must be Canadian citizens or permanent residents of Quebec aged between 18 and 40 years old. Alternatively, if over 40, it must be their first business start-up or acquisition. They need to have relevant experience or training for their project, be the majority owner of the enterprise they are creating or acquiring, and commit to working full-time in the business. Furthermore, the intent should be to create full-time employment for the promoter or support a project that benefits the business landscape of the region.
Eligible expenses
The grant covers expenses that support the execution and development of eligible projects.
- Professional fees, expertise fees, and other expenses for consultants or specialists required for feasibility studies or preparatory studies.
- Expenses for the design and manufacturing of prototypes.
- Capital expenditures such as land, buildings, equipment, machinery, rolling stock, incorporation fees, excluding goodwill expenses.
- The acquisition of technologies, software, or any similar expenses.
- Working capital needs related strictly to the business's activities calculated for the first year of operation.
- Registration fees, cost of instructional materials, and other fees required for participation in approved training activities for the entrepreneur.
Eligible geographic areas
This grant is available to young entrepreneurs or first-time business acquirers residing in Québec as specified by the funding body, Développement Économique Bellechasse.
- Applicants must be residents of Québec.
Additional information
Here are additional relevant details for this grant:
- The financial contribution is interest-free or at zero percent interest rate.
- The financial contribution is a medium-term credit, generally between 5 to 7 years, and is granted without personal or real guarantees.
- A single financial assistance can be granted to a candidate or their business throughout the entire program duration.
- Combined financial assistance from provincial and federal governments along with Développement Économique Bellechasse (DÉB) must not exceed fifty percent (50%) of eligible expenses.
- A non-repayable aid is considered at 100% of its value, while a repayable aid is considered at 30%.
Frequently Asked Questions about the MRC Bellechasse — New promoter funds (FNP) Program
What is the MRC Bellechasse — New promoter funds (FNP)?
How much funding can be received?
Who is eligible for the MRC Bellechasse — New promoter funds (FNP) program?
What expenses are eligible under MRC Bellechasse — New promoter funds (FNP)?
Who can I contact for more information about the MRC Bellechasse — New promoter funds (FNP)?
Where is the MRC Bellechasse — New promoter funds (FNP) available?
Is the MRC Bellechasse — New promoter funds (FNP) a grant, loan, or tax credit?
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Entrepreneurial grantMax $25,00050%
Quebec Business Transfer Fund$50,000-$1,000,000
Non-refundable contributionsMax $250,00075%
