MRC Arthabaska — Young Promoters Fund (YPF)
grant_single|update January 24, 2025
QC, Canada
Entrepreneur assistance program for young business development in Arthabaska
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Professional, scientific and technical services
grant_single|grantors
- MRC Arthabaska
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|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.
grant_single_labels|projects
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.
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
grant_single_labels|apply
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.