MRC La Nouvelle-Beauce — Futurpreneur
Overview
Futurpreneur offers financial support across Canada for projects by individuals aged 18-39, providing up to $60,000 in funding with an emphasis on business startup, including conditions for business acquisition or succession. Eligible activities span a wide range of sectors, ensuring support for diverse entrepreneurial ventures.
At a glance
Funding available
- Develop a new product
- Reduce the ecological footprint
- Renovate your business/factory
- Maximum amount : 60,000 $
- Open continuously
Eligible candidates
- All industries
- La Nouvelle-Beauce
- Chaudière-Appalaches
- Quebec
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Indigenous Peoples
- Black Canadians
- Youth (<40)
- Startups
Activities funded
Futurpreneur offers financial support to young entrepreneurs aged 18-39 across various sectors. The programs primarily cater to the startup phase of businesses, with potential extensions to business acquisition or succession under certain conditions.
- Startup financing for general businesses up to $20,000, with additional support potentially available from BDC.
- Startup loans for Black entrepreneurs ranging from $5,000 to $60,000, supported by RBC and BDC.
- Financing up to $60,000 for Indigenous entrepreneurs.
- Part-time entrepreneurship support with loans up to $15,000, sponsored by TD Bank Group.
- Funding up to $20,000 for social economy initiatives requiring sustainable commercial revenue.
- Mandatory mentorship support for a minimum of 24 months.
Eligibility
Eligibility for funding from Futurpreneur is determined by specific criteria based on the characteristics of the entrepreneur and the business model.
- Applicants must be between the ages of 18 and 39.
- Projects must primarily be in the startup phase; under certain conditions, business acquisition or succession may be considered.
- For the general population program, applicants can receive up to $20,000 from Futurpreneur.
- Black entrepreneurs can obtain a startup loan ranging from $5,000 to $60,000, with a portion funded by RBC and BDC.
- Indigenous entrepreneurs can receive financing up to $60,000.
- Part-time entrepreneurs, who maintain a stable income outside of their business, are eligible for up to $15,000 in funding.
- Social economy businesses (non-profits and cooperatives) must generate at least 20% of their revenue from ongoing commercial activities to be eligible for up to $20,000 in assistance.
- All applicants must undergo mandatory mentorship for 24 months.
Who is eligible?
Futurpreneur is open to young entrepreneurs aged 18-39 across Canada, with support available for several key demographics: the general population, Black community, Indigenous community, and part-time business operators. Additionally, it supports organizations within the social economy sector, such as non-profits and cooperatives, provided that a portion of their revenues comes from ongoing commercial activities.
Selection criteria
The evaluation and selection of projects for the Futurpreneur grant are based on certain key criteria that focus on the support and development of young entrepreneurs.
- Demonstrated need for financial support to start or acquire a business.
- Clarity and viability of the business plan.
- Potential for sustainable revenue generation, particularly for social economy projects where at least 20% of revenues must come from ongoing commercial activities.
- Commitment to mentorship for 24 months, with support provided by DENB's experienced mentors.
How to apply
Obtain the necessary information
- Contact Jérôme Leclerc or Erica Couture, business advisors, for details about the program and the requirements.
- Discuss financing options and the application process.
Gather the required documents
- Prepare a detailed business plan demonstrating the viability of your project.
- Compile the projected financial statements and other necessary financial documents.
- Obtain proof of the eligible age group (between 18 and 39 years).
Preparation of the funding request
- Write the funding request according to the guidelines provided by Futurpreneur.
- Include all relevant information regarding the project and its potential impact.
- Highlight the financial needs and the intended use of the funds.
Request for Mentorship
Submit the application
- Send the completed application with all attached documents to Futurpreneur using the preferred submission method (online or physical if specified).
- Check that all fields are filled in correctly before submission.
Confirmation and follow-up
- Wait for a confirmation of receipt of your request from Futurpreneur.
- Keep any validation number or reference received for tracking.
Additional information
Here are additional relevant details for the Futurpreneur grant program:
- All financing is subject to a mandatory mentorship program lasting 24 months, facilitated by DENB's network of experienced mentors.
- There is a one-year capital repayment moratorium available, applicable to specific programs such as those for Black entrepreneurs, Indigenous people, and part-time entrepreneurs.
