MRC Marguerite-D'Youville — Business Support Fund – Stream 1
QC, Canada
Support fund for startup business development in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC de Marguerite-D'Youville
grant_single|status
grant_card_status|open
grant_single_labels|preview
<p>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.</p>
grant_single_labels|terms_and_conditions
This grant provides financial support to start-up businesses by covering specific project expenses to facilitate growth and sustainability.
- The maximum funding available is $6,000, which corresponds to 10% of the total project cost.
- Eligible expenses include the acquisition of equipment, technology, and working capital deemed pertinent by the MRC.
- Funding is limited to expenses not covered by other government programs.
- Excluded expenses encompass pre-application expenses, loan repayments, research and development costs, and sales taxes.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
$ 75,000
Expanding urban agriculture operations for community resilience
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
grant_single_labels|register
- Step 1: Gather Required Information
- Collect personal and contact details of all shareholders.
- Compile company information including name, address, and legal formation details.
- Step 2: Prepare Financial Documentation
- Prepare financial forecasts and a provisional cash budget.
- Compile personal balance sheets for shareholders.
- Get the annual and interim financial statements ready, if applicable.
- Step 3: Document Project Details
- Write a business project summary detailing the project's needs and expenses.
- List any contracts currently underway or anticipated.
- Step 4: Gather Supporting Documents
- Collect certificates of municipal approval for usage and necessary permits (e.g., MAPAQ).
- Prepare a cheque specimen and lease copy if the location is rented.
- Include proof of equity investment and other funding obtained.
- Prepare a shareholder agreement if multiple shareholders are involved.
- Step 5: Finalize Application
- Ensure all documents and forms are complete and correct.
- Verify that all eligibility criteria have been met.
- Step 6: Submit Application
- Email the completed application form and all associated documents to dev.econo@margueritedyouville.ca.
grant_single_labels|contact
dev.econo@margueritedyouville.ca
