MRC Arthabaska — Young Promoters Fund (YPF)

This grant program offers financial support to young entrepreneurs in the MRC Arthabaska to assist them in launching or acquiring a significant stake in a business. Alongside financial assistance, technical support is provided to facilitate business planning and implementation.

• Financial subsidy amounting to $4,000, and up to a maximum of $8,000.
• Possibility of assistance for acquiring more than 25% of stakes in an eligible business located in a rural area.
• Technical support in creating a business plan.
• Ongoing follow-up and support over two consecutive years.

Eligibility for this grant is determined by specific requirements related to the entrepreneur's age, business location, industry, and project impact.

• The entrepreneur must be aged between 18 and 35.
• The business must be a for-profit entity located in the MRC d'Arthabaska.
• The business must operate in the manufacturing sector or provide business services.
• The project must result in the creation of two permanent jobs within the first two years.
• The entrepreneur must be in their first or second business start-up or ownership.
• The entrepreneur must possess relevant expertise for the project.
• Eligible expenses include the purchase of capital assets and/or working capital for the first year of operation.
• The promoter must provide an equity contribution.

Who is eligible?

Entrepreneurs aged between 18 and 35 who are starting a business or purchasing stakes in a company located in Arthabaska RCM are eligible to apply. Applicants must focus on creating a profitable business in the manufacturing or business services sector within Arthabaska RCM, Canada. Additional criteria include ownership requirements, the demonstration of relevant expertise, and financial contributions by the promoter.

Eligible expenses

The grant covers expenses related to capital asset purchases and initial operational funding for eligible businesses.

• Purchase of capital assets.
• Working capital for the first year of operation.

Eligible geographic areas

This grant is specifically available to companies located within a particular regional jurisdiction in Canada. Applicants must ensure their business operations fall within the designated area to be considered eligible.

• Businesses situated in the MRC of Arthabaska.