MRC Arthabaska — Young Promoters Fund (YPF)
Last Update: January 24, 2025
QC, Canada
Entrepreneur assistance program for young business development in Arthabaska
MRC Arthabaska — Young Promoters Fund (YPF) at a glance
Eligible Funding
- Max. $8,000
Timeline
- Continuous Intakes
Financing Type
Grant and Funding
Eligible Industries
- Manufacturing
- Professional, scientific and technical services
Grant Providers
- MRC Arthabaska
Status
Open
Overview of the MRC Arthabaska — Young Promoters Fund (YPF) program
The program aims to support entrepreneurs aged 18 to 35 in their business projects or in acquiring ownership stakes in a company within the MRC d'Arthabaska, offering a maximum funding amount of up to $8,000. Eligible activities include the creation of two permanent jobs within the first two years and purchasing capital assets or working capital for the first year of operations.
Financing terms and conditions
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.
Eligible projects & activities
This grant supports young entrepreneurs in establishing or acquiring a significant stake in a business within MRC Arthabaska. The eligible projects are aimed at fostering business growth and job creation in the manufacturing or business services sectors.
- Starting a new business venture in the manufacturing sector.
- Launching a business services company.
- Purchasing significant ownership (more than 25%) of an existing eligible business, particularly in rural areas.
- Investment in capital assets necessary for the first year of operations.
- Securing working capital required for initial business operations.
- Creating at least two permanent jobs within the first two years of operation.
Eligibility criteria of the MRC Arthabaska — Young Promoters Fund (YPF) program
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.
How to apply to the MRC Arthabaska — Young Promoters Fund (YPF) program
1
Eligibility Check
Make sure to meet all the eligibility requirements listed for the program.
2
Preparation of documents
- Develop a solid business plan that meets the requirements of the program.
- Prepare financial documents, including projections for the first year.
- Gather proof of contributions and any other evidence of funding.
3
Consultation with the organization
- Contact the grant management organization to obtain additional information and confirm current requirements.
- Attend information sessions or workshops if offered by the organization.
4
Preparation of the request
Write the funding request while emphasizing job creation and the long-term viability of the project.
5
Submission of the request
Submit the complete application, including all supporting documents, to the competent authority via the online portal or by the means indicated by the authority.
6
Confirmation of receipt
- Wait for confirmation of the receipt of your request by the organization.
- Keep a receipt for your records.