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MRC Les Moulins — Futurpreneur Canada
QC, Canada
Provides financial and mentorship support for young entrepreneurs
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
- Manufacturing
- Retail trade
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
grant_single|grantors
- MRC Les Moulins
grant_single|status
grant_card_status|open
grant_single_labels|preview
The MRC Les Moulins — Futurpreneur Canada grant provides up to $20,000 in funding to support young entrepreneurs aged 18 to 39 in starting a business or undertaking entrepreneurial succession actions. Eligible activities include developing viable business plans and establishing businesses in recognized sectors excluding religious, sexual, political, or seasonal enterprises.
grant_single_labels|terms_and_conditions
- Financial aid is provided in the form of a reimbursement of interest and administration fees incurred by the entrepreneur with Futurpreneur Canada, up to a maximum of $6,000 per enterprise.
- The financial aid is offered as a non-repayable grant, distributed annually for a maximum period of five years, upon confirmation of loan repayment granted by Futurpreneur Canada.
- Combined financial assistance from provincial and federal governments, and the MRC Les Moulins cannot exceed 50% of the project’s startup costs.
- If the business ceases operations or relocates outside the MRC Les Moulins, it becomes ineligible for financial aid from the Fonds Jeunes Promoteurs (FJP).
- A formal agreement (protocol of understanding) between the MRC Les Moulins and the business will establish the disbursement conditions and obligations of both parties.
- Financial assistance is subject to the authorization of the MRC Les Moulins Council and contingent on fund availability.
grant_single_labels|projects
- Creation of new enterprises in the MRC Les Moulins territory.
- Entrepreneurial succession planning projects within the region.
grant_single_labels|admissibility
- The entrepreneur must be between 18 and 39 years old.
- The entrepreneur must demonstrate the viability of their business through the submission of a complete business plan.
- The business must be started in the MRC Les Moulins area.
- The entrepreneur must possess relevant training or experience for the project.
- The entrepreneur must agree to be mentored for up to two years.
- In case of a partnership, the entrepreneur must hold at least 51% of the voting shares of the business.
- The entrepreneur must obtain a loan from Futurpreneur Canada.
- The business must submit a business plan focusing on the first two years of operation, showing good viability and profitability potential.
- The business must be financed by a capital contribution from the applicant(s).
- The business must be a registered company or duly incorporated entity, with its main activity located within the territory of the MRC Les Moulins and must commit to staying in this area for the duration covered by the FJP.
grant_eligibility_criteria|who_can_apply
The MRC Les Moulins — Futurpreneur Canada grant is aimed at young entrepreneurs aged 18 to 39 who wish to start a business or are involved in transferring an existing business in the region of MRC Les Moulins. Applicants must demonstrate the viability of their business through a complete business plan and must start their business in the MRC Les Moulins area. It is important for applicants to have relevant education or experience in their business field and commit to mentorship for up to two years. Additionally, they must hold at least 51% of the voting shares of the business if in a partnership, and they should not be studying full-time. The business should be operational for less than 12 months and must create a sustainable full-time job for the applicant.
grant_eligibility_criteria|who_cannot_apply
- Companies with religious activities as their main focus.
- Industries involved in sexual or adult entertainment.
- Enterprises with political agendas as their primary activity.
- Seasonal businesses lacking year-round operations.
grant_eligibility_criteria|eligible_expenses
- Reimbursement of interest and administration fees incurred with Futurpreneur Canada, up to a maximum of $6,000 per enterprise.
grant_eligibility_criteria|zone
- Companies operating within the MRC Les Moulins region.
grant_single_labels|register
- Step 1: Prepare Business Plan
- Develop and finalize a comprehensive business plan detailing the project's viability.
- Include financial forecasts for the first two years of operation.
- Step 2: Secure Loan Approval
- Apply for a business loan from Futurpreneur Canada, ensuring all necessary documentation is complete.
- Await loan approval and terms from Futurpreneur Canada.
- Step 3: Submit Application to MRC Les Moulins
- Complete the application form required by the MRC Les Moulins for the Fonds Jeunes Promoteurs (FJP).
- Attach the approved business plan and loan agreement from Futurpreneur Canada.
- Submit the application to the Economic Development Service of MRC Les Moulins.
- Step 4: Mentor Agreement
- Agree to be paired with a mentor for up to two years.
- Outline mentorship goals and expectations as part of the FJP application.
- Step 5: Evaluation by MRC Les Moulins
- The MRC will assess the entrepreneur's qualifications and the business plan's alignment with FJP objectives.
- Engage in any follow-up inquiries or meetings as requested by the evaluation committee.
- Step 6: Receive Funding Decision
- Receive notification of the funding decision from the MRC Les Moulins.
- Comply with the conditions and sign the agreement outlining funding disbursement and obligations.
- Step 7: Implement Project
- Begin utilizing funding as stipulated in the agreement to launch or scale the business.
- Maintain regular updates and communication with assigned mentors and the MRC.
grant_single_labels|otherInfo
- The financial aid from the Fonds Jeunes Promoteurs (FJP) covers the administration and interest costs incurred by the promoter with Futurpreneur Canada, up to a maximum of $6,000.
- The combined financial assistance from provincial and federal governments and the MRC Les Moulins cannot exceed 50% of the start-up project cost.
- The financial aid is provided as a non-repayable grant based on the authorization of the MRC Les Moulins Council, distributed annually for up to five years following the confirmation of the loan repayment granted by Futurpreneur Canada.
- Each assistance request undergoes an evaluation to determine the entrepreneur's qualifications and the project's relevance, aligned with the FJP's objectives and requirements.
- A memorandum of understanding is established between MRC Les Moulins and the enterprise, detailing the terms of financial assistance distribution and the obligations of the parties involved.
- Financial aid is subject to fund availability.
grant_single_labels|contact
info@mrclesmoulins.ca
