grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateNovember 23, 2021
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • Agriculture, forestry, fishing and hunting
  • Manufacturing
  • Professional, scientific and technical services
  • Arts, entertainment and recreation
grant_single|grantors
  • MRC des Chenaux
grant_single|status
grant_card_status|open

grant_single_labels|preview

The "Fonds Jeunes Promoteurs" provides non-repayable financial support of up to $11,000 to young entrepreneurs aged 18 to 39 in the MRC des Chenaux for creating or succeeding existing businesses. Eligible activities include the creation of a first or second enterprise, entrepreneur training, and business succession or acquisition with a focus on economic diversification.

grant_single_labels|terms_and_conditions

The MRC des Chenaux — Young Promoters Fund provides non-repayable financial contributions to support young entrepreneurs in establishing or acquiring companies within the local territory. The funding aims to enhance business viability and economic diversification.
  • A maximum grant of $11,000 is offered across all project components.
  • For creating a first or second enterprise, a grant of up to $5,000 per promoter or 25% of the project cost is available, with a minimum promoter investment of 10% of the project cost needed.
  • Transferring assets can count as part of the promoter's investment, but at least 5% must be in cash form.
  • A maximum of $1,000 is provided for entrepreneurial training, covering up to 90% of eligible expenses.
  • For business acquisition and succession, a maximum of $5,000 per promoter or 25% of the project cost is granted, requiring a promoter cash investment of at least 10%.
  • The combined financial aid from the MRC and other government levels cannot surpass 80% of eligible expenses for enterprise creation or acquisition, and 90% for training purposes.

grant_single_labels|projects

The Young Promoters Fund focuses on supporting young entrepreneurs in the MRC des Chenaux region to start or grow their businesses. The eligible projects aim to foster economic diversification and support entrepreneurial training and business succession.
  • Creation of a first or second legally constituted business with a viable business plan.
  • Projects that demonstrate the potential for profitability and require capital expenditures.
  • Projects leading to the creation of at least two permanent jobs within two years.
  • Entrepreneurial training relevant to the project development and implementation.
  • Transfer of significant business ownership to ensure succession within existing businesses.
  • Acquiring a minimum 25% ownership in an existing financially sound business.

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and proposed activities.
  • The candidate must be a Canadian citizen or an immigrant who has received permanent residency in Quebec.
  • The age of the candidate must be between 18 and 39 years at the time of submitting the registration form.
  • The candidate must have relevant experience or training related to the project.
  • The candidate must commit to working full-time in the business, specifically a minimum of 35 hours per week.
  • The candidate must not be a full-time student or hold another job that requires more than 15 hours per week.
  • The candidate must have a decision-making power in the business to be created, owning at least 51% of the participatory shares.

grant_eligibility_criteria|who_can_apply

Eligible candidates for the Fonds Jeunes Promoteurs must be Canadian citizens or permanent residents of Quebec, aged between 18 and 39 years, and meet certain project-related and residency criteria. Applicants should not be full-time students or hold jobs exceeding 15 hours per week and must demonstrate relevant experience or training for the project. Additionally, they must be willing to commit full-time to the business and have a major decision-making role in the enterprise.

grant_eligibility_criteria|who_cannot_apply

The Fonds Jeunes promoteurs grant has specific exclusions to ensure funding is aligned with strategic objectives. The following types of companies and industries are not eligible for this grant.
  • Companies operating in the retail trade or personal services sector, unless specific exceptions apply.
  • Businesses with a sexual, religious, or political nature.
  • Companies involved in the tobacco, vaping, or cannabis industry.
  • Businesses with controversial activities such as dating agencies, war games, armaments, astrology, tarot, personal growth courses, or pawn shops.
  • Professional services companies regulated by an order.
  • Businesses whose revenues predominantly come from commissions.
  • Speculative businesses.
  • Temporary or non-recurring enterprises.
  • Businesses not complying with environmental legislation.
  • Companies not adhering to labor standards or human rights legislation.

grant_eligibility_criteria|eligible_expenses

The grant covers specific expenses directly connected to the establishment and support of young entrepreneurs' businesses and their development within the MRC des Chenaux.
  • Capital expenditures such as land, building, equipment, machinery, rolling stock, incorporation fees, excluding goodwill expenses.
  • Acquisition of technologies, including know-how, manufacturing licenses or agreements, and software packages.
  • Working capital expenses related strictly to the company's operations calculated for the first year of operation.
  • Tuition fees, costs of didactic materials, and other expenses necessary for participation in approved training.
  • Acquisition costs of ownership titles of the targeted business (voting shares or stakes) and professional service fees directly related to the acquisition transaction.

grant_eligibility_criteria|zone

This grant is designated for young entrepreneurs within a specific region to support economic diversification and business establishment. Eligible geographical areas are restricted to ensure alignment with the local economic goals.
  • Territory of the MRC des Chenaux.

grant_single_labels|criteria

The evaluation and selection of projects for the Fonds Jeunes Promoteurs grant are based on specific criteria to ensure alignment with the program’s objectives.
  • Projects must be led by young entrepreneurs aged 18 to 39 who are citizens or permanent residents of Quebec.
  • Projects should demonstrate the creation of at least two permanent jobs within two years.
  • A detailed business plan for the first two years must demonstrate viability and profitability.
  • Entrepreneurs must exhibit a substantial personal financial contribution to their project.
  • Projects should contribute to the diversification of the local economy in a non-saturated sector.
  • For business acquisition, maintaining significant employment and acquiring a minimum of 25% of the business value is required.

grant_single_labels|register

Here are the steps to submit an application for the Fonds Jeunes promoteurs grant:
  • Step 1: Complete the Application Form
  • Obtain and fill out the grant application form provided by the MRC des Chenaux for the Fonds Jeunes Promoteurs.
  • Step 2: Prepare a Business Plan
  • Develop a comprehensive business plan covering the first two years of operation.
  • Ensure the business plan demonstrates the viability, profitability, and contribution to the economic diversification of the MRC des Chenaux.
  • Step 3: Present to the Investment Committee
  • Schedule a presentation to the MRC's investment committee.
  • Highlight key aspects of your project, demonstrating the need for financial support from the grant.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The financial assistance provided through the program is a non-repayable grant, with a maximum limit set at $11,000 across all funding streams.
  • A detailed financial agreement or protocol will be established between the MRC des Chenaux and the project promoters once projects are approved.
  • There are specific restrictions on how the financial assistance can be used, ensuring it is not applied towards debt-related expenses or previously incurred costs.
  • The accumulation of governmental contributions from different levels (municipal, provincial, or federal) is capped to ensure the percentage of eligible expenses covered does not exceed set limits for each funding stream.
  • The grant encourages projects that contribute to the economic diversification of the MRC des Chenaux by focusing on non-saturated and included sectors.
  • Significant changes to a project necessitate re-evaluation by the investment committee, which could impact the project's eligibility status.

Apply to this program

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