MRC Maskinongé — Young Entrepreneurs
QC, Canada
Youth Entrepreneur Fund supports young business creation and acquisition
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
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- grant_single|timelineUnspecified
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Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
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- MRC de Maskinongé
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grant_card_status|open
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The Jeunes Entrepreneurs (JE) fund offers financial support to young individuals aged 18-39 for creating or acquiring a business within the MRC de Maskinongé, with grants up to $6,000 for services or tourism sectors and up to $14,000 for manufacturing, agricultural, or agri-food sectors. Eligible activities include professional fees, capital expenses, technology acquisition, working capital needs, and specific training-related costs.
grant_single_labels|terms_and_conditions
The MRC Maskinongé — Young Entrepreneurs grant provides specific financial support conditions tailored to different sectors to aid young business founders. The financial assistance is divided into grants for various business types, focusing on encouraging entrepreneurship.
- A grant of up to 6,000 CAD is available for projects in the business services or tourism sectors.
- A grant of up to 14,000 CAD is available for projects in the manufacturing, agricultural, or agri-food sectors.
grant_single_labels|projects
The MRC Maskinongé — Young Entrepreneurs grant aims to assist young individuals aged 18 to 39 in establishing new enterprises or acquiring existing ones. The eligible activities span various aspects of business creation and continuation, ensuring comprehensive support for emerging entrepreneurs.
- Professional fees, expertise costs, and consultant services for conducting necessary studies and projects.
- Capital expenditures for purchasing land, buildings, equipment, machinery, and similar needs.
- Acquisition of technology, including know-how, licenses, manufacturing agreements, and patents.
- Working capital needs strictly related to the first year of business operations.
- Entrepreneur training costs including registration fees and required educational materials.
- Expenditure related to the transfer or acquisition of business ownership, including voting shares or equity stakes.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's personal and professional circumstances.
- The applicant must be a Canadian citizen or immigrant and a permanent resident of Quebec.
- The applicant must be aged between 18 and 39 years at the time of application.
- The applicant must possess experience and/or training relevant to the project.
- The applicant must commit to working full-time in the enterprise (minimum of 35 hours per week).
- The business project must be established in the territory of the MRC de Maskinongé.
- The applicant must not be registered in a full-time study program.
grant_eligibility_criteria|who_can_apply
This financial assistance in the form of a grant is available to any person who:- Is a Canadian citizen or immigrant and permanent resident of Quebec;- Is aged between 18 and 39 at the time of registration;- Possesses experience and/or relevant training for the project;- Commits to working full-time in the company (minimum of 35 hours per week);- Establishes their business project within the territory of the MRC of Maskinongé.The entrepreneur must not be enrolled in a full-time study program.
grant_eligibility_criteria|eligible_expenses
The grant for young entrepreneurs in the MRC de Maskinongé covers several expenses across different stages of business development and acquisition.
- Professional fees, expertise fees, and other costs for required consultants or specialists for project studies, excluding consultants from businesses where the entrepreneur holds interest.
- Capital expenses such as land, buildings, equipment, machinery, movable assets, incorporation fees, and similar expenses.
- Acquisition of technology, licenses or agreements for manufacturing, patents, software, and similar expenses.
- Working capital needs strictly related to the first year of business operations.
- Registration fees, cost of educational materials, and other necessary fees for approved training activities.
- Acquisition expenses for business property rights (voting shares or parts) and professional service fees directly related to the acquisition transaction.
grant_eligibility_criteria|zone
This grant is available exclusively to companies operating within the specific jurisdiction of the MRC de Maskinongé. The program aims to support regional entrepreneurial growth.
- Companies based within the MRC de Maskinongé territory in Quebec, Canada.
grant_single_labels|register
Here are the steps to submit an application for the Jeunes Entrepreneurs (JE) grant:
- Step 1: Determine Eligibility
- Confirm you are a Canadian citizen or permanent resident of Quebec.
- Ensure you are between 18 and 39 years old.
- Verify that you have relevant experience or training.
- Commit to working full-time in the business (minimum of 35 hours per week).
- Decide to establish your business within the MRC of Maskinongé.
- Ensure you are not enrolled in a full-time study program.
- Step 2: Prepare Application Material
- Gather information on business expenses that qualify under Volet 1, 2, 3, or 4.
- Decide if applying for a new business creation, expansion, or take-over.
- Complete any necessary studies or consultancy services credentials.
- Step 3: Contact a Counselor
- Reach out to a development advisor like Audrey Pichette, Rémi Gagnon, or Sandrine Renou for guidance on your application.
- Step 4: Submit Application
- Send your completed application to the corresponding counselor via the contact details provided.
- Step 5: Await Feedback
- Receive confirmation and further steps from the funding body.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The specific amounts for the grants vary depending on the sector of the business, with higher amounts available for manufacturing, agricultural, or agrofood sectors.
- The grant amount can reach up to $6,000 for service or tourism businesses and up to $14,000 for manufacturing, agricultural, or agrofood businesses.
- Contact information for specific advisors available to assist with the grant application is provided, facilitating direct communication for guidance and support.
Apply to this program
Empowering Young Entrepreneurs in Quebec
The Jeunes Entrepreneurs (JE) fund offers financial assistance to young entrepreneurs in Quebec seeking to establish or acquire their first or second business. This initiative is tailored to foster entrepreneurship among young adults, ensuring their active participation in local economic development.
In-Depth Insight Into the Jeunes Entrepreneurs Fund
The Jeunes Entrepreneurs (JE) fund provides vital support aimed at encouraging the entrepreneurial spirit within the age bracket of 18 to 39 years in the MRC de Maskinongé region of Quebec. This grant facilitates the creation and acquisition of businesses, strengthening the local economy by nurturing young entrepreneurial talents. Eligible candidates can receive financial support in the form of grants, prioritizing various business sectors, hence opening avenues for diverse business initiatives.
One of the notable aspects of this fund is its structured approach to entrepreneurship, covering four distinct areas. The first segment includes expenses necessary for the actualization of business projects, accommodating costs related to professional services and consultancy fees. This ensures that prospective entrepreneurs have access to expert guidance that is often pivotal during the initial stages of business formation.
The second facet focuses on aiding the creation of initial business ventures or additional enterprises. Here, entrepreneurs can utilize the support for capital expenditures essential in setting up operations. These include expenses on machinery, technology acquisition, software, and other necessary equipment, enabling young business owners to build a solid operational foundation. Moreover, the grant covers working capital needs crucial for the seamless running of enterprises during their formative year, emphasizing the program’s role in stabilizing new business ventures.
The program also recognizes the importance of entrepreneurial competence by including an educational component that supports the acquisition of knowledge and skills. It covers training costs, fostering a learning environment where entrepreneurs can enhance their expertise and adapt to evolving business landscapes. Such investments in human capital reflect the fund’s commitment to ensuring that young entrepreneurs are well-prepared, not only at business onset but throughout their entrepreneurial journey.
The fourth segment focuses on business transitions, which particularly assists in company takeovers or acquisitions, supporting the purchase of business equities and other necessary transactions. This aspect is crucial for the perpetuation and growth of existing businesses, allowing young entrepreneurs to secure and revitalize enterprises, contributing to a sustainable business ecosystem in their community.
With grant amounts reaching up to $6,000 for service and tourism sector initiatives and up to $14,000 for those in manufacturing, agricultural, or agro-food sectors, the fund ensures substantial support based on industry-specific needs. Such differentiation highlights the fund’s awareness of the varying capital requirements for distinct industry sectors and its flexibility in addressing these needs accordingly.
This fund emboldens young individuals prepared to dedicate their efforts full-time to their enterprises, driving economic vitality within their localities. By doing so, it not only aids in individual business success but also significantly contributes towards a dynamic and youthful economic community. The strategic emphasis on local enterprises underlines the fund's mission of stimulating regional economic activity and innovation.
