How much funding can be received?

Funds up to 50% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Caniapiscau — FDE?

MRC Caniapiscau — FDE is funded by MRC de Caniapiscau

MRC Caniapiscau — FDE

QC, Canada

Caniapiscau supports entrepreneurial and social economic development

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Grant and Funding

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Agriculture, forestry, fishing and hunting
Mining, quarrying, and oil and gas extraction
Manufacturing
Information and cultural industries
Arts, entertainment and recreation

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MRC de Caniapiscau

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The grant from the MRC de Caniapiscau's Fonds de développement des entreprises (FDE) aims to support entrepreneurial activities, including social economy enterprises, with a focus on employment creation and maintenance. Eligible activities involve startup, acquisition, expansion, consolidation, and equipment purchase with a maximum funding of up to $15,000, depending on the project type and the availability of funds.

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The MRC Caniapiscau — FDE fund provides structured financial support to eligible enterprises, focusing on strategic disbursements and follow-up for optimized project outcomes. Here are the key financing modalities associated with this grant:

Financial aid will be disbursed upon presentation of justificative documents.
For some projects, the adviser will determine the terms and number of disbursements to ensure project optimization and follow-up by the MRC.
The granted financial aid is non-refundable, and combined aid from provincial and federal governments and the MRC of Caniapiscau cannot exceed 50% of eligible expenses for private enterprises and 80% for social economy enterprises.
Financial aid provided cannot be used for the operating expenses of an organization, debt service financing, repaying upcoming debts, or financing projects already completed.
Extraordinary and exceptional financial aid may be given for priority projects following a resolution by the MRC council and based on the recommendations of an analysis committee or adviser, contingent on fund availability.
All approved projects will be subject to a written agreement detailing the financial aid terms and obligations of both parties.
Eligible expenses incurred after the project's opening date may be eligible retroactively, conditional on committee or MRC approval.
Specific follow-up and business engagement conditions apply to maintain eligibility for financial aid over time, particularly regarding maintaining a place of business on MRC territory.

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The MRC de Caniapiscau offers various forms of non-repayable financial support through the Fonds de développement des entreprises (FDE) aimed at fostering business development and sustainability in its region. The eligible projects range from supporting new business ventures to aiding existing companies with expansion and technological advancements.

Starting a new business with full-time commitment or creating at least two jobs within the first two years of operation.
Acquisition or succession planning, which involves acquiring at least a 25% significant ownership of an existing enterprise within the MRC.
Expansion, diversification, and sustainability projects aimed at significantly increasing revenue and improving productivity and sustainability.
Consolidation projects for businesses facing financial difficulty but demonstrating potential for profitability.
Equipment purchases essential to the productivity or improvement in the quality of products or services offered by the business.
Bookkeeping mentorship for new businesses or those in financial peril due to lack of accounting expertise.

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The eligibility criteria for this grant focus on the legal status, location, and economic impact of the business.

The business must be legally constituted and obtain a certificate of compliance from the city.
It must be located in the territory of the MRC de Caniapiscau, contributing to local economic activity, investment, and job creation.
The business is required to create or maintain jobs within the MRC territory.
It should demonstrate potential for profitability and development based on criteria such as market presence, organizational structure, capitalization, and debt levels.
The business must provide evidence, through competition analysis, that there is available market share in the targeted sector.
The promoter must invest a minimum of 20% of the project's total cost as equity.
The business must have support from other funding sources unless an exception is warranted.

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This grant targets businesses and industries that participate in the development of local communities through structuring and sustainable projects. Eligible companies must align with the intervention priorities defined by the fund's management framework.

Entrepreneurs wishing to develop local businesses.
Small and medium-sized enterprises (SMEs) involved in community projects.
Industries seeking to innovate in key sectors defined by the business support policy.
Organizations participating in collective investments (FLI/FLS).
Companies that respect the code of ethics and professional conduct of the CIC of the MRC of Caniapiscau.

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This grant excludes certain companies and industries due to their status or main activity. These restrictions ensure that funding is allocated to entities that align with the economic and social goals of the MRC de Caniapiscau.

Private companies in the financial sector.
Financial cooperatives.
Businesses listed in the Register of Enterprises Ineligible for Public Contracts.
Companies that have failed to fulfill obligations tied to previous financial aid from a ministry or funding body in the two years prior to applying.
Traditional tertiary sector businesses, except in exceptional cases such as areas with limited service availability or those involved in targeted municipal commercial revitalization strategies.

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The grant covers specific expenses related to capital investments, acquisition of technology, working capital needs, and professional fees essential for the project.

Capital expenses such as land, buildings, equipment, machinery, rolling stock, and incorporation fees, excluding customer base expenses.
Acquisition of technology, including know-how, licenses or manufacturing agreements, patents, software, or software packages.
Working capital needs strictly related to business operations calculated for the first operational year.
Professional fees and expertise expenses by a recognized firm for asset evaluation.
Expenses related to the acquisition of proprietary titles of the target enterprise (voting shares) and related professional service fees.
Professional fees associated with mentoring and bookkeeping as part of the sponsorship program.

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This grant is dedicated to businesses operating within the MRC de Caniapiscau area. Eligible companies must be situated in the MRC de Caniapiscau region to access this funding.

MRC de Caniapiscau

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Here are the steps to submit an application for this grant:

Step 1: Verify Eligibility
Ensure your organization is not a private financial sector company, a financial cooperative, or listed as ineligible for public contracts.
Confirm your project operates within the MRC de Caniapiscau territory and adheres to prioritized sectors.
Step 2: Prepare Required Documentation
Complete the dossier opening form and financial aid request form for the MRC.
Develop a thorough business plan, including financial statements for the past two years, current year interim statements, and financial projections for the next three years.
Provide documentation of the knowledge, skills, and experience of the project team.
Demonstrate a minimum 20% personal financial contribution to the project’s total cost.
Submit documents proving other partners’ financial contributions and the description and costs of the investments requested.
Collect any other necessary documents as required by the MRC for application assessment.
Step 3: Submission of Application
Gather all documentation and ensure everything is correctly filled and signed.
Arrange delivery of the complete application package to the MRC office by the submission deadline.
Step 4: Post-Submission
Await confirmation from the MRC on receipt of your application package.
Be prepared for possible requests for additional information or documentation to support your application.

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Here are additional relevant details for this grant:

Financial support provided is non-refundable and is intended as equity in the project.
Financial aid from governments of Quebec and Canada, including other funds from the local authority, cannot exceed 50% of eligible expenses for private enterprises and 80% for social economy enterprises.
Funds cannot be used for operational expenses, debt servicing, or for financing projects already completed.
There is a possibility for extraordinary financial assistance for projects considered crucial to the community, subject to fund availability and MRC council resolution.
Promoters must participate in follow-up activities with the MRC, maintaining business activity in the region for two years post-grant, or risk repayment according to specified terms.
Requests can include retroactive costs from the date of file opening, but assume risk if not accepted.
The client's file remains open for up to sixty days after submission.
Priority is given to projects that diversify the local economy and avoid unnecessary competition.

Apply to this program

Boosting Business Growth in Caniapiscau

The MRC of Caniapiscau supports entrepreneurial development through its Fonds de développement des entreprises (FDE), with the aim of fostering a thriving business environment and job creation. By offering non-repayable contributions, the initiative targets sustainable job maintenance and creation.

Detailed Insights into the Entrepreneurial Support Initiative

The Fonds de développement des entreprises (FDE) by the MRC of Caniapiscau is structured to enhance the economic landscape of the region by fostering entrepreneurial ventures. This initiative is part of a broader strategy to create a sustainable business environment within Caniapiscau, encouraging both individual and collective entrepreneurship across various sectors. By prioritizing sectors with strong economic or social impacts, particularly in urbanized areas, the FDE aims to fuel local and regional development, contributing significantly to the broader economic goals of the area.

This support is manifested through non-repayable financial contributions designed to maintain and create employment opportunities. Eligible beneficiaries include legally constituted entities that maintain operations within the MRC territory. The fund provides substantial flexibility in supporting a variety of projects, from start-ups to expansions, and even acquisitions, focusing on diversified and impactful economic contributions.

The initiative is not only about providing financial assistance but also emphasizes a holistic approach through services such as consultation, financing research, business networking, and promoting entrepreneurship. Furthermore, the fund offers special consideration for projects that align with key economic activities, such as primary sector industries like agriculture and mining, as well as secondary manufacturing activities, and innovative sectors within the tertiary sector like tourism and technology.

For approved projects, assistance involves various forms of support including start-up financing, acquisition aid, expansion and diversification resources, consolidation efforts, and equipment purchasing. Each project undergoes a detailed evaluation to ensure potential profitability and developmental impact, aligning with the MRC's strategic vision for economic growth and sustainability. Projects that significantly enhance local economic diversification or introduce new technology ventures get prioritized, ensuring the region's competitiveness and economic resilience.

Moreover, the structure of the financial support offers flexibility and extends to cover a significant portion of admissible expenditures, with conditions tailored to stimulate sustainable growth. Recipients of the fund are expected to commit to maintaining their business presence within the region for at least two years following the grant, establishing a foundation for long-term regional benefit.

Ultimately, the MRC of Caniapiscau's FDE serves as a catalyst for local economic development, addressing regional economic needs while laying the groundwork for sustained economic growth. By responsibly administering financial aid and ensuring rigorous project evaluation, the FDE maximizes the positive impact on the community, fostering an environment where businesses can thrive and innovate through strategic investment policies.