MRC des Chenaux — Young Promoters Fund
QC, Canada
Support for young entrepreneurs in MRC des Chenaux
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 23, 2021
- grant_single|grantStatusClosed
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
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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|projects
The grant supports young entrepreneurs in creating new businesses, acquiring necessary training, and ensuring business succession within the MRC des Chenaux territory. Eligible projects focus on establishing new enterprises, enhancing entrepreneur skills, and facilitating business ownership transfers.
- Creation of a first or second business entity with a focus on economic diversification.
- Pursuit of entrepreneurial training relevant to the business project.
- Acquisition of a significant ownership share in an existing business to ensure succession.
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 available exclusively to companies situated in the MRC des Chenaux region. The eligibility ensures that financial and technical support is directed towards promoting local entrepreneurship and economic diversification within this area.
- Businesses located in the MRC des Chenaux, Quebec, Canada.
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
An Opportunity to Launch and Grow Your Business with Fonds Jeunes Promoteurs
The Fonds Jeunes Promoteurs is designed to empower young entrepreneurs in the MRC des Chenaux by providing essential financial and technical support for creating new businesses, acquiring significant stakes in existing ones, and enhancing entrepreneurial skills. This program aims to stimulate local economic growth by encouraging innovative business ventures led by driven young individuals.
In-depth Overview of the Fonds Jeunes Promoteurs and Its Benefits
The Fonds Jeunes Promoteurs is a strategic initiative tailored to support youth-driven entrepreneurial ventures within the MRC des Chenaux community. By focusing on young entrepreneurs aged 18 to 39, the program filters energy, innovation, and modern ideas directly into the economic fabric of this Quebec region. The core goal of the fund is to facilitate the establishment and sustainability of initial or subsequent enterprises initiated by young minds, thereby encouraging a new wave of business leadership.
This program represents a cornerstone of economic empowerment, offering a comprehensive package that includes non-repayable financial assistance. With a generous maximum grant of $11,000, distributed across different project dimensions, it provides the crucial capital needed to navigate the initial stages of business creation or transition smoothly in a takeover scenario. The support extends to a variety of eligible sectors, primarily those that enhance the region's economic diversity, such as manufacturing, agro-food, and recreational tourism, with a visible lean towards enterprises with a commercial and industrial service orientation.
The program is structured into three primary components: creating new businesses, fostering business continuity through succession, and supporting entrepreneur training. This segmentation ensures that whether a young entrepreneur is setting up a business from ground up, acquiring a stake in an existing business, or enriching their professional skills, they receive targeted support that addresses their specific needs. Conditions such as profitability in emerging markets, creation of permanent positions, and personal financial investment serve as necessary benchmarks to ensure that the assistance not only ignites new business but also fortifies its longevity.
Moreover, the fund's backing of upcoming entrepreneurs extends beyond simple financial aid. It is also committed to enhancing vocational capabilities through its training grant. This facet ensures that young leaders not only have the necessary financial footing but are also equipped with skills and knowledge that are critical to running and scaling a successful business. By covering up to 90% of eligible training costs, the fund reduces barriers to educational access, enabling entrepreneurs to partake in vital educational activities that drive their business goals.
In addition to its focus on fostering entrepreneurial dexterity, the Fonds Jeunes Promoteurs emphasizes expanding economic horizons by diversifying business practices and introducing youthful innovation into traditional sectors. The qualifications for receiving support are designed with multiple safety mechanisms. These include a diligent assessment to ensure a favorable financial standing of involved businesses and a requisite demonstration of the project's irreplaceability without the fund.
This initiative, driven by the contributions of the Fonds régions et ruralité and managed by the MRC des Chenaux, reiterates a commitment to fostering young leadership within its jurisdictions to create substantial economic ripples. It not only supports the immediate business but creates a network of youth entrepreneurship that holds the potential to influence broader economic scales positively.
In summary, the Fonds Jeunes Promoteurs does not merely function as a financial backer but serves as a catalyst for nurturing dynamic economic ecosystems driven by young visionaries. It stands out as an exemplary model for regional developmental initiatives focused on harnessing the vast potential lying within its youthful populace, aiming to pave the way for sustainable economic prosperity through motivated and well-supported young entrepreneurs.
