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MRC des Chenaux — Young Promoters Fund
Funding for young entrepreneurs and business succession
Offered by
Funding available
$ 11,000
Deadline
Opened November 23, 2021
Location
Mauricie, Quebec, Canada
Overview
This program provides non-repayable funding of up to $11,000 for young entrepreneurs in the MRC des Chenaux. It supports business creation, entrepreneur training, and business succession projects.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
- Develop workforce skills
- Start a business
Eligible Funding
- Maximum amount : 11,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Des Chenaux
- Mauricie
- Quebec
Legal structures
- Sole proprietorship
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Newcomers to Canada
- Canadians
- Youth (<40)
Next Steps
1
Determine your project
Availability timeline
2022
Periods: 1
Activities funded
- Creation of a first or second business.
- Entrepreneur training linked to the business project.
- Succession or acquisition of an existing business.
Documents Needed
- Completed MRC des Chenaux subsidy application form
- Complete business plan
- Project presentation to the investment committee
Sources and recorded changes
- Record updated
A captured source change or record update does not confirm eligibility. Check the funder’s current rules before applying.
Eligibility
Who is eligible?
- Young entrepreneurs.
- Individuals creating a first or second business.
- Individuals pursuing business succession.
Who is not eligible
- Businesses in retail or personal services, except for listed exceptions.
- Businesses in tobacco, vaping, or cannabis.
- Businesses with sexual, religious, political, or other controversial activities.
- Professionally regulated service businesses.
- Speculative or temporary businesses.
Eligible expenses
- Capital expenses such as land, building, equipment, machinery, vehicles, and incorporation fees.
- Technology, software, licenses, manufacturing agreements, and patents.
- Working capital for the first year of operations.
- Training fees, learning materials, and related participation costs.
- Share acquisition costs and directly related professional fees for business succession.
Ineligible Costs and Activities
- Costs incurred before the MRC receives the official application.
- Operating costs of an organization.
- Debt service and repayment of existing or future loans.
- Projects already completed.
Eligible geographic areas
- MRC des Chenaux
Selection criteria
- Business plan viability and profitability potential.
- Job creation or job maintenance results.
- Project contribution to local economic diversification.
- Financial need for the project.
- Business succession share acquisition level.
How to apply
- Step 1: Complete the subsidy application form
- Fill out the MRC des Chenaux form for the Fonds Jeunes Promoteurs.
- Step 2: Prepare the project file
- Submit a complete business plan.
- Step 3: Present the project
- Present the business project to the investment committee.
Processing and Agreement
- The MRC des Chenaux manages the program and reviews submitted projects.
- Eligible projects are presented to the investment committee.
- Approved projects are covered by an agreement between the MRC and the promoter(s).
- Projects with major changes must be resubmitted for eligibility validation.
Additional information
- Approved projects require a memorandum of understanding with the MRC des Chenaux.
- The investment committee is made up of five people appointed by the MRC.
- Projects with major changes must be resubmitted to the committee for eligibility review.
Frequently Asked Questions about the MRC des Chenaux — Young Promoters Fund Program
What is the MRC des Chenaux — Young Promoters Fund?
This program provides non-repayable funding of up to $11,000 for young entrepreneurs in the MRC des Chenaux. It supports business creation, entrepreneur training, and business succession projects.
How much funding can be received?
MRC des Chenaux — Young Promoters Fund Funds up to $11,000 of admissible expenses.
Who is eligible for the MRC des Chenaux — Young Promoters Fund program?
To be eligible for the MRC des Chenaux — Young Promoters Fund program, you must:
Age 18 to 39.
Quebec permanent resident.
Full-time involvement in the business.
What expenses are eligible under MRC des Chenaux — Young Promoters Fund?
Capital expenses such as land, building, equipment, machinery, vehicles, and incorporation fees.
Technology, software, licenses, manufacturing agreements, and patents.
Working capital for the first year of operations.
Training fees, learning materials, and related participation costs.
Share acquisition costs and directly related professional fees for business succession.
Where is the MRC des Chenaux — Young Promoters Fund available?
The MRC des Chenaux — Young Promoters Fund program is available Mauricie, Quebec.
Is the MRC des Chenaux — Young Promoters Fund a grant, loan, or tax credit?
MRC des Chenaux — Young Promoters Fund is a Grant and Funding
Who are the financial supporters of the MRC des Chenaux — Young Promoters Fund?
MRC des Chenaux — Young Promoters Fund is funded by MRC des Chenaux