MRC Marguerite-D'Youville — Business Support Fund – Stream 1
Overview
The MRC Marguerite-D'Youville Business Support Fund – Stream 1 provides up to $6,000 to support start-up businesses transitioning from commercialization to reaching profitability. Eligible activities include acquisition of equipment or technology and relevant expenditures not already covered by other government programs.
At a glance
Funding available
- Reduce the ecological footprint
- Selling in a new market
- Maximum amount : 6,000 $
- Up to 10% of project cost
- Open continuously
Eligible candidates
- All industries
- Marguerite-D’Youville
- Montérégie
- Quebec
- For-profit business
- All revenue ranges
- All organization sizes
- Startups
Activities funded
This grant supports the start-up phase initiatives for for-profit enterprises that are scaling from commercialization to profitability. The eligible activities focus on supporting equipment acquisition, relevant operational expenditures, and working capital.
- Acquisition of equipment necessary for operations.
- Expenditure on relevant technology that supports business growth.
- Operational expenses approved by the MRC.
- Allocation of funds towards working capital.
- Expenditures not covered by other government programs.
Eligibility
Eligibility for this grant is determined by several specific criteria related to the business's stage and sector.
- The business must be in the phase of starting between beginning commercial operations and reaching the break-even point.
- Pre-startup companies that have not reached commercialization or generated sales revenue are ineligible.
- The business cannot belong to the retail, restaurant, or overly competitive sectors.
- Businesses must be able to show project viability through contractual agreements or confirmed orders in competitive sectors.
- The business can only be eligible for this fund once.
Who is eligible?
This grant is specifically designed to support for-profit businesses in their startup phase, particularly during the transition from commercialization to achieving break-even. Companies must have commenced marketing their products or services and reached the point of generating sales revenues to be considered eligible. Furthermore, the enterprises in competitive sectors are required to clearly demonstrate the viability of their projects through securing contracts or obtaining firm orders. However, certain sectors such as retail, restaurants, and highly competitive areas are excluded from eligibility.
Who is not eligible
This grant excludes specific companies and industries based on their operational status and the nature of their main activities. These exclusions aim to allocate resources towards businesses with substantial growth potential.
- Pre-startup companies that have not reached commercialization or generated sales revenue.
- Companies in the retail sector.
- Businesses in the restaurant industry.
- Enterprises operating in highly competitive sectors without demonstrating project viability through contracts or firm orders.
- Projects involving domains considered overly competitive.
Eligible expenses
Eligible expenses for this grant focus on supporting the initial stages of a business, excluding certain non-qualifying costs.
- Acquisition of equipment or technology.
- Any expenses deemed pertinent by the MRC, excluding accompaniment expenses.
- Working capital.
Eligible geographic areas
Eligible companies are those located within the administrative boundaries of the MRC de Marguerite-D'Youville. This region focuses on supporting local businesses to achieve early-stage development success.
- Companies operating within the MRC de Marguerite-D'Youville.
How to apply
Collection of information
- Fill out the application form with the applicant's name, phone number, and email address.
- Complete the information about the company, including the name, operating address, and legal form.
- Verify the personal information of the shareholders and their voting share percentages.
Project Identification
- Indicate the requested amount, the down payment, other government assistance, and financial partners.
- Describe the needs and planned expenses related to the requested grant.
Gather the required documents
- Prepare the financial forecasts and the projected cash budget.
- Provide the personal balance sheets of the shareholders and the business project summary.
- Attach the annual and interim financial statements, as well as the accounts receivable and payable statements.
- Obtain the usage authorization certificate from the municipality if necessary.
- Include the list of ongoing and upcoming contracts.
- Provide the necessary permits and proof of funding.
