How much funding can be received?

Funds up to 14000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Maskinongé — Young Entrepreneurs?

MRC Maskinongé — Young Entrepreneurs is funded by MRC de Maskinongé

What are MRC Maskinongé — Young Entrepreneurs's eligibility criterias?

The applicant must be a Canadian citizen or a permanent resident of Quebec. Applicants must be between 18 and 39 years old at the time of registration. The business project must be carried out on the territory of the MRC de Maskinongé.

MRC Maskinongé — Young Entrepreneurs

Last Update: January 24, 2025

QC, Canada

Youth Entrepreneur Fund supports young business creation and acquisition

MRC Maskinongé — Young Entrepreneurs at a glance

Eligible Funding

Max. $14,000

Timeline

Continuous Intakes

Financing Type

Grant and Funding

Eligible Industries

Manufacturing

Grant Providers

MRC de Maskinongé

Status

Open

Overview of the MRC Maskinongé — Young Entrepreneurs program

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.

Financing 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.

Eligible projects & activities

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.

Eligibility criteria of the MRC Maskinongé — Young Entrepreneurs program

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.

Who is eligible?

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.

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.

Eligible geographic areas

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.

How to apply to the MRC Maskinongé — Young Entrepreneurs program

Eligibility Assessment

Check the eligibility criteria to ensure that you meet all the requirements for this grant.

Preparation of the request

Prepare a detailed description of your entrepreneurial project, including your objectives and how the grant will help you achieve them.
Gather all necessary documents such as proof of Canadian citizenship or permanent residency as well as proof of residence in Quebec.

Consultation

Contact one of the business development advisors to discuss your project and get advice on submitting your application:
Audrey Pichette at 819 228-9461, extension 2092 or by email at audrey.pichette@mrc-maskinonge.qc.ca
Rémi Gagnon at 819 228-9461, extension 3921 or by email at remi.gagnon@mrc-maskinonge.qc.ca
Sandrine Renou at 819 228-9461, extension 3906 or by email at sandrine.renou@mrc-maskinonge.qc.ca

Submission of the request

Ensure that all documents are complete and comply with the requirements of the grant fund.
Send your application and the required documents by the method of transmission indicated by the advisor (by email or by mail, according to the instructions received).

Follow-up

After submission, wait for the confirmation of receipt of your application from the organization.
Keep the details of your application for future reference.

Additional information

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

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