How much funding can be received?

The MRC Marguerite-D'Youville Business Support Fund – Stream 2 offers funding up to $10,000 to support social economy non-profit organizations in their startup phase or when launching new projects. Eligible activities include the acquisition of equipment or technology, relevant operational expenses deemed appropriate by the MRC, and working capital.

grant_single_labels|terms_and_conditions

This grant offers targeted financial assistance to foster the development of social economy initiatives. The funding is specifically structured to support new or expanding projects within eligible organizations.

The grant covers up to 20% of the total project cost, with a maximum of $10,000.
Eligible expenses include equipment or technology acquisitions, working capital, and other relevant expenditures approved by the MRC.
Funding is provided for expenses not already covered by other government programs.
Ineligible expenses consist of pre-application costs, debt repayments, R&D expenses, and sales taxes.

grant_single_labels|projects

This grant supports nonprofit organizations in the social economy sector during their startup phase or when launching a new project within an existing organization. The eligible activities focus on economically and socially beneficial projects.

Acquisition of equipment or technology for nonprofit organizations.
Start-up phase support for nonprofit social economy initiatives.
Implementation of socially beneficial projects within existing organizations.

grant_single|admissibleProjectsExample

$ 50,000

Launching an indigenous cultural heritage website

$ 18,000

Creating a community urban garden project

$ 100,000

Establishing a virtual reality art gallery

$ 120,000

Developing an AI-driven recycling program

$ 40,000

Developing a small business training program

$ 115,000

Implementing green energy solutions in public schools

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements pertaining to the type of organization and the nature of the project.

The applicant must be a social economy non-profit organization.
The project should either be in the start-up phase or represent the realization of a new initiative within an existing organization.
Projects must not be socio-community, cultural, event-based, or from highly competitive sectors such as retail and catering.
The organization must be capable of self-financing at least 20% of its activities through the production of socially beneficial goods and services.
Eligible expenses include acquiring equipment or technology and must not be already covered by other government programs.

grant_eligibility_criteria|who_can_apply

This grant is specifically designed for non-profit social economy organizations situated within the MRC de Marguerite-D'Youville that are either in the startup phase or aiming to realize a new project within an existing entity. However, certain exclusions apply, such as socio-community and cultural organizations, as well as one-time or event-driven projects. Furthermore, sectors with high competition, like retail trade and restaurant industries, are not eligible to apply. Eligible entities must also contribute to socially beneficial goods and services and be able to self-finance at 20%.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries based on their sector and market competition levels. Restrictions are in place to focus support on sustainable and non-competitive sectors.

Organisms or projects in the retail sector.
Businesses involved in the restaurant industry.
Entities operating within overly competitive market domains.
Socio-community and cultural organizations and projects.
One-time or event-type projects.

grant_eligibility_criteria|eligible_expenses

The eligible expenses for the MRC Marguerite-D'Youville Business Support Fund include specific costs necessary for initiating or advancing social economy projects.

Acquisition of equipment or technology relevant to the project.
Any expense deemed pertinent by the MRC, excluding accompaniment expenses.
Working capital requirements.

grant_single_labels|register

Here are the steps to submit an application for the MRC Marguerite-D'Youville — Business Support Fund – Stream 2:

Step 1: Gather Required Information
Prepare details about your organization, including name, operating address, legal form, and contact information.
Collect personal information of key leaders such as the President, Vice-president, and Director General.
Step 2: Compile Project Details
Identify the amount of funding requested and other financial contributions from partnerships or government sources.
Outline the project’s needs and forecasted expenses associated with the grant.
Step 3: Prepare Supporting Documents
Draft financial projections or a projected cash budget.
Provide a summary of the business project.
Supply annual and interim financial statements, and client and supplier account statements, if applicable.
Secure a municipality use authorization certificate.
Include a specimen cheque and list current and upcoming contracts.
Obtain necessary permits and proof of equity contribution and other funding sources.
Attach a copy of the lease if the business is renting premises.
Step 4: Complete the Application Form
Fill out the application form with accurate information regarding your organization and project.
Ensure the declaration, authorization, and consent sections are signed by the President, Vice-president, and Director General.
Step 5: Submit the Application
Send the completed application form and all supporting documents via email to dev.econo@margueritedyouville.ca.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The grant amount is capped at 20% of the total project cost with a maximum of $10,000.
The grant supports non-profit social economy organizations in the startup phase or those realizing a new project.
Non-profit organizations must self-finance at least 20% of the project.
Funds cannot be used for expenses incurred before the application, debt repayment, R&D expenses, or sales taxes.
The application form and accompanying documents must be submitted to the provided email: dev.econo@margueritedyouville.ca.